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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

6 Months Ended

Jun. 30, 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-Sale						Held-to-Maturity						Derivatives						Total
Three Months Ended June 30, 2024
Balance, March 31, 2024						$	(47,774)					$	(8,191)					$	(83)					$	(56,048)
Other comprehensive income before reclassifications						1,524						—						14						1,538
Reclassifications						—						488						(118)						370
Other comprehensive income (loss), before tax						1,524						488						(104)						1,908
Income tax expense (benefit)						408						138						(30)						516
Other comprehensive income (loss), after tax						1,116						350						(74)						1,392
Balance, June 30, 2024						$	(46,658)					$	(7,841)					$	(157)					$	(54,656)
Three Months Ended June 30, 2023
Balance, March 31, 2023						$	(52,668)					$	(9,596)					$	89					$	(62,175)
Other comprehensive income (loss) before reclassifications						(12,638)						—						201						(12,437)
Reclassifications						200						475						(109)						566
Other comprehensive income (loss), before tax						(12,438)						475						92						(11,871)
Income tax expense (benefit)						(3,546)						135						27						(3,384)
Other comprehensive income (loss), after tax						(8,892)						340						65						(8,487)
Balance, June 30, 2023						$	(61,560)					$	(9,256)					$	154					$	(70,662)

						Unrealized Gains (Losses) on Debt Securities
(dollars in thousands)						Available-for-Sale						Held-to-Maturity						Derivatives						Total
Six Months Ended June 30, 2024
Balance, December 31, 2023						$	(48,579)					$	(8,549)					$	(35)					$	(57,163)
Other comprehensive income (loss) before reclassifications						(731)						—						78						(653)
Reclassifications						3,382						989						(250)						4,121
Other comprehensive income (loss), before tax						2,651						989						(172)						3,468
Income tax expense (benefit)						730						281						(50)						961
Other comprehensive income (loss), after tax						1,921						708						(122)						2,507
Balance, June 30, 2024						$	(46,658)					$	(7,841)					$	(157)					$	(54,656)
Six Months Ended June 30, 2023
Balance, December 31, 2022						$	(61,998)					$	(9,946)					$	185					$	(71,759)
Other comprehensive income (loss) before reclassifications						(1,195)						—						161						(1,034)
Reclassifications						1,807						965						(203)						2,569
Other comprehensive income (loss), before tax						612						965						(42)						1,535
Income tax expense (benefit)						174						275						(11)						438
Other comprehensive income (loss), after tax						438						690						(31)						1,097
Balance, June 30, 2023						$	(61,560)					$	(9,256)					$	154					$	(70,662)

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.

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- 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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