XML 51 R40.htm IDEA: XBRL DOCUMENT v3.24.1.u1

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

3 Months Ended

Mar. 31, 2024

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of components of other comprehensive income (loss)

The following tables present the components of other comprehensive income (loss) for the periods presented:

(dollars in thousands)						Before Tax						Tax Effect						Net of Tax
Three Months Ended March 31, 2024
Net change in fair value of investment securities:
Net unrealized losses on AFS investment securities arising during the period						$	(7,035)					$	(1,855)					$	(5,180)
Less: Amortization of unrealized losses on investment securities transferred to HTM						1,638						432						1,206
Net change in fair value of investment securities						(5,397)						(1,423)						(3,974)
Net change in fair value of derivatives:
Net unrealized gains arising during the period						3,053						806						2,247
Net change in fair value of derivatives						3,053						806						2,247
Other comprehensive loss						$	(2,344)					$	(617)					$	(1,727)

(dollars in thousands)						Before Tax						Tax Effect						Net of Tax
Three Months Ended March 31, 2023
Net change in fair value of investment securities:
Net unrealized gains on AFS investment securities arising during the period						$	15,258					$	4,052					$	11,206
Less: Amortization of unrealized losses on investment securities transferred to HTM						1,668						443						1,225
Net change in fair value of investment securities						16,926						4,495						12,431
Net change in fair value of derivatives:
Net unrealized losses arising during the period						(1,599)						(436)						(1,163)
Net change in fair value of derivatives						(1,599)						(436)						(1,163)
SERP:
Amortization of net actuarial gain						(19)						(5)						(14)
Amortization of net transition obligation						2						—						2
SERP						(17)						(5)						(12)
Other comprehensive income						$	15,310					$	4,054					$	11,256

Schedule of changes in each component of AOCI, net of tax

The following tables present the changes in each component of accumulated other comprehensive income (loss), net of tax, for the periods presented:

(dollars in thousands)						Investment Securities						Derivatives						SERP						AOCI
Three Months Ended March 31, 2024
Balance at beginning of period						$	(127,922)					$	5,029					$	297					$	(122,596)
Other comprehensive income (loss) before reclassifications						(5,180)						2,247						—						(2,933)
Reclassification adjustments from AOCI						1,206						—						—						1,206
Total other comprehensive income (loss)						(3,974)						2,247						—						(1,727)
Balance at end of period						$	(131,896)					$	7,276					$	297					$	(124,323)

(dollars in thousands)						Investment Securities						Derivatives						SERP						AOCI
Three Months Ended March 31, 2023
Balance at beginning of period						$	(149,109)					$	4,645					$	480					$	(143,984)
Other comprehensive income (loss) before reclassifications						11,206						(1,163)						—						10,043
Reclassification adjustments from AOCI						1,225						—						(12)						1,213
Total other comprehensive income (loss)						12,431						(1,163)						(12)						11,256
Balance at end of period						$	(136,678)					$	3,482					$	468					$	(132,728)

Schedule of amounts reclassified out of each component of AOCI

The following tables present the amounts reclassified out of each component of AOCI for the periods presented:

						Amount Reclassified from AOCI												Affected Line Item in the Statement Where Net Income is Presented
(dollars in thousands)						Three Months Ended March 31,
Details about AOCI Components						2024						2023
Amortization of unrealized losses on investment securities transferred to HTM:
Amortization						$	(1,638)					$	(1,668)					Interest and dividends on investment securities
Tax effect						432						443						Income tax benefit
Net of tax						(1,206)						(1,225)
SERP:
Amortization of net actuarial gain						—						19						Other operating expense - other
Amortization of net transition obligation						—						(2)						Other operating expense - other
Total before tax						—						17
Tax effect						—						(5)						Income tax expense
Net of tax						—						12
Total reclassification adjustments from AOCI for the period, net of tax						$	(1,206)					$	(1,213)

X

- References

No definition available.

+ Details

Name:	us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTaxAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss).

+ References

No definition available.

+ Details

Name:	us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482790/220-10-45-14A

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481674/830-30-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481694/830-30-45-20

+ Details

Name:	us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 1
-Section 45
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482790/220-10-45-1

+ Details

Name:	us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration