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v3.23.2

DERIVATIVES (Tables) | 6 Months Ended
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Jun. 30, 2023
DERIVATIVES |
Schedule of notional amount and fair value | The following tables reflect the derivatives recorded on the balance sheet (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | Fair
​ | ​ | ​ | ​ | ​ | ​ | Value
​ | ​ | ​ | Notional | ​ | ​ | Asset /
​ | ​ | ​ | Amount | ​ | ​ | (Liability)
At June 30, 2023 | ​ | ​ | ​ | ​ | ​ | ​
Derivatives designated as hedges: | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swap related to customer deposits | ​ | $ | 400,000 | ​ | $ | 5,771
Total included in Other Assets | ​ | $ | 400,000 | ​ | $ | 5,771
​ | ​ | ​ | ​ | ​ | ​ | ​
At December 31, 2022 | ​ | ​ | ​ | ​ | ​ | ​
Derivatives designated as hedges: | ​ | ​ | ​ | ​ | ​ | ​
Interest rate cap related to customer deposits | ​ | $ | — | ​ | $ | —
Total included in Other Assets | ​ | $ | — | ​ | $ | —
Schedule of effect of cash flow hedge accounting on accumulated other comprehensive income | The effect of cash flow hedge accounting on accumulated other comprehensive income is as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, | ​ | Six months ended June 30,
​ |  | 2023 |  | 2022 | ​ | 2023 |  | 2022
Interest rate caps related to customer deposits | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amount of gain (loss) recognized in OCI, net of tax | ​ | $ | 4,695 | ​ | $ | 1,677 | ​ | $ | 4,007 | ​ | $ | 7,764
Amount of gain (loss) reclassified from OCI into income | ​ | $ | 1,218 | ​ | $ | — | ​ | $ | 2,453 | ​ | $ | —
Location of gain (loss) reclassified from OCI into income | ​ |  | Licensing fees | ​ |  | N/A | ​ |  | Licensing fees | ​ |  | N/A
N/A - not applicable

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- Definition Tabular disclosure of derivative instruments (including nonderivative instruments that are designated and qualify as hedging instruments) of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4A + Details
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