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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

6 Months Ended

Jun. 30, 2024

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

NOTE 10 — ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table summarizes the changes in Accumulated Other Comprehensive Income (Loss) balances, net of tax effects at the dates indicated (in thousands):

​	​	​	​	​	​	​	​	​	​
​	​	​		​	​		​	Total
​	​	​		​	​		​	Accumulated
​	​	​		​	​		​	Other
​	​	AFS		​	Cash Flow		​	Comprehensive
​	​	Securities		​	Hedge		​	Income (Loss)
Three Months Ended	​	​	​	​	​	​	​	​	​
Balance at April 1, 2024	​	$	(57,251)	​	$	5,161	​	$	(52,090)
Unrealized gain (loss) arising during the period, net of tax	​	​	103	​	​	656	​	​	759
Reclassification adjustment for gain included in net income, net of tax	​	​	—	​	​	(874)	​	​	(874)
Other comprehensive income (loss), net of tax	​	​	103	​	​	(218)	​	​	(115)
Balance at June 30, 2024	​	$	(57,148)	​	$	4,943	​	$	(52,205)
​	​	​	​	​	​	​	​	​	​
Balance at April 1, 2023	​	$	(56,114)	​	$	5,982	​	$	(50,132)
Unrealized gain (loss) arising during the period, net of tax	​	​	(4,675)	​	​	4,702	​	​	27
Reclassification adjustment for gain included in net income, net of tax	​	​	—	​	​	(816)	​	​	(816)
Other comprehensive income (loss), net of tax	​	​	(4,675)	​	​	3,886	​	​	(789)
Balance at June 30, 2023	​	$	(60,789)	​	$	9,868	​	$	(50,921)
​	​	​	​	​	​	​	​	​	​
Six Months Ended	​	​	​	​	​	​	​	​	​
Balance at January 1, 2024	​	$	(54,685)	​	$	1,749	​	$	(52,936)
Unrealized gain (loss) arising during the period, net of tax	​	​	(2,463)	​	​	4,935	​	​	2,472
Reclassification adjustment for gain included in net income, net of tax	​	​	—	​	​	(1,741)	​	​	(1,741)
Other comprehensive income (loss), net of tax	​	​	(2,463)	​	​	3,194	​	​	731
Balance at June 30, 2024	​	$	(57,148)	​	$	4,943	​	$	(52,205)
​	​	​	​	​	​	​	​	​	​
Balance at January 1, 2023	​	$	(61,833)	​	$	7,535	​	$	(54,298)
Unrealized gain (loss) arising during the period, net of tax	​	​	1,044	​	​	4,007	​	​	5,051
Reclassification adjustment for gain included in net income, net of tax	​	​	—	​	​	(1,674)	​	​	(1,674)
Other comprehensive income (loss), net of tax	​	​	1,044	​	​	2,333	​	​	3,377
Balance at June 30, 2023	​	$	(60,789)	​	$	9,868	​	$	(50,921)

​

The following table presents the tax effects allocated to each component of Accumulated Other Comprehensive Income (Loss) at the dates indicated (in thousands):

​

​	​	​	​	​	​	​	​	​	​
​	​	Gross		​	Tax		​	​
​	​	Amount		​	Component		​	Total
Balance at June 30, 2024	​	​	​	​	​	​	​	​	​
Unrealized gain (loss) on AFS Securities	​	$	(82,125)	​	$	24,977	​	$	(57,148)
Unrealized gain (loss) on Cash Flow Hedges	​	​	7,080	​	​	(2,137)	​	​	4,943
Total ending other comprehensive income (loss)	​	$	(75,045)	​	$	22,840	​	$	(52,205)
​	​	​	​	​	​	​	​	​	​
At December 31, 2023	​	​	​	​	​	​	​	​	​
Unrealized gain (loss) on AFS Securities	​	$	(77,783)	​	$	23,098	​	$	(54,685)
Unrealized gain (loss) on Cash Flow Hedges	​	​	2,574	​	​	(825)	​	​	1,749
Total ending other comprehensive income (loss)	​	$	(75,209)	​	$	22,273	​	$	(52,936)
​	​	​	​	​	​	​	​	​	​

The following table shows the amounts reclassified out of AOCI for the realized gain on cash flow hedges (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Affected line item in

​

​

Three months ended

​

Six months ended

​

the Consolidated Statements

​

​

June 30,

​

June 30,

​

of Operations

​

​

2024

​

2023

​

2024

​

2023

​

Realized gain (loss) on cash flow hedges

​

$

1,262

​

$

1,218

$

2,513

​

$

2,453

​

Licensing fees

Income tax (expense) benefit

​

​

(388)

​

​

(402)

​

​

(772)

​

​

(779)

​

Income tax expense

Total reclassifications, net of income tax

​

$

874

​

$

816

​

$

1,741

​

$

1,674

​

​

​

X

- References

No definition available.

+ Details

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- 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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