XML 31 R17.htm IDEA: XBRL DOCUMENT v3.24.1.u1
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 3 Months Ended
Mar. 31, 2024
AOCI Attributable to Parent [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) 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
(dollars in thousands)Available-for-SaleHeld-to-MaturityDerivatives Total
Three Months Ended March 31, 2024
Balance, December 31, 2023$(48,579)$(8,549)$(35)$(57,163)
Other comprehensive income (loss) before reclassifications(2,255)— 64 (2,191)
Reclassifications3,382 501 (132)3,751 
Other comprehensive income (loss), before tax1,127 501 (68)1,560 
Income tax expense (benefit)322 143 (20)445 
Other comprehensive income (loss), after tax805 358 (48)1,115 
Balance, March 31, 2024$(47,774)$(8,191)$(83)$(56,048)
Three Months Ended March 31, 2023
Balance, December 31, 2022$(61,998)$(9,946)$185 $(71,759)
Other comprehensive income (loss) before reclassifications11,443 — (40)11,403 
Reclassifications1,607 490 (94)2,003 
Other comprehensive income (loss), before tax13,050 490 (134)13,406 
Income tax expense (benefit)3,720 140 (38)3,822 
Other comprehensive income (loss), after tax9,330 350 (96)9,584 
Balance, March 31, 2023$(52,668)$(9,596)$89 $(62,175)
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 8 for additional information.