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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

9 Months Ended

Sep. 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 September 30, 2024
Balance, June 30, 2024						$	(46,658)					$	(7,841)					$	(157)					$	(54,656)
Other comprehensive income (loss) before reclassifications						21,334						—						(24)						21,310
Reclassifications						—						506						(55)						451
Other comprehensive income (loss), before tax						21,334						506						(79)						21,761
Income tax expense (benefit)						5,974						142						(22)						6,094
Other comprehensive income (loss), after tax						15,360						364						(57)						15,667
Balance, September 30, 2024						$	(31,298)					$	(7,477)					$	(214)					$	(38,989)
Three Months Ended September 30, 2023
Balance, June 30, 2023						$	(61,560)					$	(9,256)					$	154					$	(70,662)
Other comprehensive income (loss) before reclassifications						(11,326)						—						58						(11,268)
Reclassifications						13						518						(131)						400
Other comprehensive income (loss), before tax						(11,313)						518						(73)						(10,868)
Income tax expense (benefit)						(3,224)						147						(21)						(3,098)
Other comprehensive income (loss), after tax						(8,089)						371						(52)						(7,770)
Balance, September 30, 2023						$	(69,649)					$	(8,885)					$	102					$	(78,432)

						Unrealized Gains (Losses) on Debt Securities
(dollars in thousands)						Available-for-Sale						Held-to-Maturity						Derivatives						Total
Nine Months Ended September 30, 2024
Balance, December 31, 2023						$	(48,579)					$	(8,549)					$	(35)					$	(57,163)
Other comprehensive income before reclassifications						20,603						—						54						20,657
Reclassifications						3,382						1,495						(305)						4,572
Other comprehensive income (loss), before tax						23,985						1,495						(251)						25,229
Income tax expense (benefit)						6,704						423						(72)						7,055
Other comprehensive income (loss), after tax						17,281						1,072						(179)						18,174
Balance, September 30, 2024						$	(31,298)					$	(7,477)					$	(214)					$	(38,989)
Nine Months Ended September 30, 2023
Balance, December 31, 2022						$	(61,998)					$	(9,946)					$	185					$	(71,759)
Other comprehensive income (loss) before reclassifications						(12,521)						—						219						(12,302)
Reclassifications						1,820						1,483						(334)						2,969
Other comprehensive income (loss), before tax						(10,701)						1,483						(115)						(9,333)
Income tax expense (benefit)						(3,050)						422						(32)						(2,660)
Other comprehensive income (loss), after tax						(7,651)						1,061						(83)						(6,673)
Balance, September 30, 2023						$	(69,649)					$	(8,885)					$	102					$	(78,432)

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/1943274/2147477250/944-220-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/1943274/2147478524/942-220-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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