Unrealized Gains (Losses)

on Debt Securities

Available-for-Sale

Held-to-Maturity

Derivatives

Total

(dollars in thousands)

Three Months Ended March 31, 2023

Balance, December 31, 2022

$

(61,998)

$

(9,946)

$

185

$

(71,759)

Other comprehensive income (loss) before reclassifications

11,443

—

(40)

11,403

Reclassifications

1,607

490

(94)

2,003

Other comprehensive income (loss), before tax

13,050

490

(134)

13,406

Income tax expense (benefit)

3,720

140

(38)

3,822

Other comprehensive income (loss), after tax

9,330

350

(96)

9,584

Balance, March 31, 2023

$

(52,668)

$

(9,596)

$

89

$

(62,175)

Three Months Ended March 31, 2022

Balance, December 31, 2021

$

5,736

$

(3,514)

$

(751)

$

1,471

Transfer from available-for-sale to held-to-maturity

7,664

(7,664)

—

Other comprehensive loss before reclassifications

(53,422)

—

594

(52,828)

Reclassifications

—

181

96

277

Other comprehensive income (loss), before tax

(53,422)

181

690

(52,551)

Income tax expense

(15,228)

51

197

(14,980)

Other comprehensive income (loss), after tax

(38,194)

130

493

(37,571)

Balance, March 31, 2022

$

(24,794)

$

(11,048)

$

(258)

$

(36,100)