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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

6 Months Ended

Jun. 30, 2024

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

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

13. ACCUMULATED 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 June 30, 2024
Net change in fair value of investment securities:
Net unrealized gains on AFS investment securities arising during the period						$	370					$	96					$	274
Amortization of unrealized losses on investment securities transferred to HTM						1,867						493						1,374
Net change in fair value of investment securities						2,237						589						1,648
Net change in fair value of derivatives:
Net unrealized losses arising during the period						(22)						(6)						(16)
Net change in fair value of derivatives						(22)						(6)						(16)
Other comprehensive income						$	2,215					$	583					$	1,632

(dollars in thousands)						Before Tax						Tax Effect						Net of Tax
Three Months Ended June 30, 2023
Net change in fair value of investment securities:
Net unrealized losses on AFS investment securities arising during the period						$	(8,204)					$	(2,179)					$	(6,025)
Amortization of unrealized losses on investment securities transferred to HTM						1,976						525						1,451
Net change in fair value of investment securities						(6,228)						(1,654)						(4,574)
Net change in fair value of derivatives:
Net unrealized gains arising during the period						2,777						737						2,040
Net change in fair value of derivatives						2,777						737						2,040
SERP:
Amortization of net actuarial gain						(20)						(5)						(15)
Amortization of net transition obligation						2						—						2
SERP						(18)						(5)						(13)
Other comprehensive loss						$	(3,469)					$	(922)					$	(2,547)

(dollars in thousands)						Before Tax						Tax Effect						Net of Tax
Six Months Ended June 30, 2024
Net change in fair value of investment securities:
Net unrealized losses on AFS investment securities arising during the period						$	(6,665)					$	(1,759)					$	(4,906)
Amortization of unrealized losses on investment securities transferred to HTM						3,505						925						2,580
Net change in fair value of investment securities						(3,160)						(834)						(2,326)
Net change in fair value of derivatives:
Net unrealized gains arising during the period						3,031						800						2,231
Net change in fair value of derivatives						3,031						800						2,231
Other comprehensive loss						$	(129)					$	(34)					$	(95)

(dollars in thousands)						Before Tax						Tax Effect						Net of Tax
Six Months Ended June 30, 2023
Net change in fair value of investment securities:
Net unrealized gains on AFS investment securities arising during the period						$	7,054					$	1,873					$	5,181
Amortization of unrealized losses on investment securities transferred to HTM						3,644						968						2,676
Net change in fair value of investment securities						10,698						2,841						7,857
Net change in fair value of derivatives:
Net unrealized gains arising during the period						$	1,178					$	301					$	877
Net change in fair value of derivatives						1,178						301						877
SERP:
Amortization of net actuarial gain						(39)						(10)						(29)
Amortization of net transition obligation						4						—						4
SERP						(35)						(10)						(25)
Other comprehensive income						$	11,841					$	3,132					$	8,709

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 June 30, 2024
Balance at beginning of period						$	(131,896)					$	7,276					$	297					$	(124,323)
Other comprehensive income (loss) before reclassifications						274						(16)						—						258
Reclassification adjustments from AOCI						1,374						—						—						1,374
Total other comprehensive income (loss)						1,648						(16)						—						1,632
Balance at end of period						$	(130,248)					$	7,260					$	297					$	(122,691)

(dollars in thousands)						Investment Securities						Derivatives						SERP						AOCI
Three Months Ended June 30, 2023
Balance at beginning of period						$	(136,678)					$	3,482					$	468					$	(132,728)
Other comprehensive income (loss) before reclassifications						(6,025)						2,040						—						(3,985)
Reclassification adjustments from AOCI						1,451						—						(13)						1,438
Total other comprehensive income (loss)						(4,574)						2,040						(13)						(2,547)
Balance at end of period						$	(141,252)					$	5,522					$	455					$	(135,275)

(dollars in thousands)						Investment Securities						Derivatives						SERP						AOCI
Six Months Ended June 30, 2024
Balance at beginning of period						$	(127,922)					$	5,029					$	297					$	(122,596)
Other comprehensive income (loss) before reclassifications						(4,906)						2,231						—						(2,675)
Reclassification adjustments from AOCI						2,580						—						—						2,580
Total other comprehensive income (loss)						(2,326)						2,231						—						(95)
Balance at end of period						$	(130,248)					$	7,260					$	297					$	(122,691)

(dollars in thousands)						Investment Securities						Derivatives						SERP						AOCI
Six Months Ended June 30, 2023
Balance at beginning of period						$	(149,109)					$	4,645					$	480					$	(143,984)
Other comprehensive income (loss) before reclassifications						5,181						877						—						6,058
Reclassification adjustments from AOCI						2,676						—						(25)						2,651
Total other comprehensive income (loss)						7,857						877						(25)						8,709
Balance at end of period						$	(141,252)					$	5,522					$	455					$	(135,275)

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 June 30,
Details about AOCI Components						2024						2023
Amortization of unrealized losses on investment securities transferred to HTM:
Amortization						$	1,867					$	1,976					Interest and dividends on investment securities
Tax effect						(493)						(525)						Income tax benefit
Net of tax						1,374						1,451
SERP:
Amortization of net actuarial gain						—						(20)						Other operating expense - other
Amortization of net transition obligation						—						2						Other operating expense - other
Total before tax						—						(18)
Tax effect						—						5						Income tax expense
Net of tax						—						(13)
Total reclassification adjustments from AOCI for the period, net of tax						$	1,374					$	1,438

						Amount Reclassified from AOCI												Affected Line Item in the Statement Where Net Income is Presented
(dollars in thousands)						Six Months Ended June 30,
Details about AOCI Components						2024						2023
Amortization of unrealized losses on investment securities transferred to HTM:
Amortization						$	3,505					$	3,644					Interest and dividends on investment securities
Tax effect						(925)						(968)						Income tax benefit
Net of tax						2,580						2,676
SERP:
Amortization of net actuarial gain						—						(39)						Other operating expense - other
Amortization of net transition obligation						—						4						Other operating expense - other
Total before tax						—						(35)
Tax effect						—						10						Income tax expense
Net of tax						—						(25)
Total reclassification adjustments from AOCI for the period, net of tax						$	2,580					$	2,651

X

- References

No definition available.

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X

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//220/tableOfContent

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