ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

12 Months Ended

Dec. 31, 2023

AOCI Attributable to Parent [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table presents the activity and accumulated balances for components of other comprehensive income (loss):














































	Unrealized Gains (Losses) on Debt Securities				Derivatives		Total
(dollars in thousands)	Available-for-Sale		Held-to-Maturity

Balance, December 31, 2020	$	19,578	$	(118)	$	(1,307)	$	18,153
Transfer from available-for-sale to held-to-maturity	3,887		(3,887)		—		—
Other comprehensive income (loss) before reclassifications	(24,798)		—		366		(24,432)
Reclassifications	—		687		412		1,099
Other comprehensive income (loss), before tax	(24,798)		687		778		(23,333)
Income tax expense (benefit)	(7,069)		196		222		(6,651)
Other comprehensive income (loss), after tax	(17,729)		491		556		(16,682)
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 income (loss) before reclassifications	(105,459)		—		1,183		(104,276)
Reclassifications	—		1,723		126		1,849
Other comprehensive income (loss), before tax	(105,459)		1,723		1,309		(102,427)
Income tax expense (benefit)	(30,061)		491		373		(29,197)
Other comprehensive income (loss), after tax	(75,398)		1,232		936		(73,230)
Balance, December 31, 2022	(61,998)		(9,946)		185		(71,759)

Other comprehensive income before reclassifications	16,949		—		161		17,110
Reclassifications	1,820		1,954		(468)		3,306
Other comprehensive income (loss), before tax	18,769		1,954		(307)		20,416
Income tax expense (benefit)	5,350		557		(87)		5,820
Other comprehensive income (loss), after tax	13,419		1,397		(220)		14,596
Balance, December 31, 2023	(48,579)		(8,549)		(35)		(57,163)

Reclassifications from accumulated other comprehensive income (loss) for unrealized gains (losses) on debt securities available-for-sale are included in either gains (losses) on sales of securities or provision for credit losses in the accompanying consolidated statements of income.

Reclassifications from accumulated other comprehensive income (loss) for unrealized gains on debt securities held-to-maturity are included in securities interest income in the accompanying consolidated statements of income.

Reclassifications from accumulated other comprehensive income (loss) for the fair value of derivative financial instruments represent net interest payments received or made on derivatives designated as cash flow hedges. See Note 14 for additional information.