XML 41 R31.htm IDEA: XBRL DOCUMENT

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

9 Months Ended

Sep. 30, 2025

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Schedule of tax effects allocated to each component of Other Comprehensive Income (Loss)

The following tables presents the tax effects allocated to each component of Other Comprehensive Income (Loss) (in thousands):


		Three months ended
		September 30, 2025									September 30, 2024
		Before			Tax			After			Before			Tax			After
		Tax			Effect			Tax			Tax			Effect			Tax
Unrealized gain (loss) arising on AFS securities
Unrealized gain (loss) arising during the period		$	5,793		$	(1,736)		$	4,057		$	19,144		$	(5,685)		$	13,459

Unrealized gain (loss) arising on cash flow hedges
Unrealized gain (loss) arising during the period		$	(650)		$	196		$	(454)		$	(6,426)		$	1,908		$	(4,518)
Reclassification adjustment for gain included in net income			—			—			—			(1,246)			383			(863)
Net Change			(650)			196			(454)			(7,672)			2,291			(5,381)
Total other comprehensive income (loss)		$	5,143		$	(1,540)		$	3,603		$	11,472		$	(3,394)		$	8,078


		Nine months ended
		September 30, 2025									September 30, 2024
		Before			Tax			After			Before			Tax			After
		Tax			Effect			Tax			Tax			Effect			Tax
Unrealized gain (loss) arising on AFS securities
Unrealized gain (loss) arising during the period		$	20,161		$	(6,042)		$	14,119		$	14,802		$	(3,806)		$	10,996

Unrealized gain (loss) arising on cash flow hedges
Unrealized gain (loss) arising during the period		$	(3,150)		$	944		$	(2,206)		$	593		$	(176)		$	417
Reclassification adjustment for gain included in net income			(911)			280			(631)			(3,757)			1,153			(2,604)
Net Change			(4,061)			1,224			(2,837)			(3,164)			977			(2,187)
Total other comprehensive income (loss)		$	16,100		$	(4,818)		$	11,282		$	11,638		$	(2,829)		$	8,809

Schedule of after-tax changes in the balances of each component of Accumulated Other Comprehensive Income (Loss)

The following tables presents the after-tax changes in the balances of each component of Accumulated Other Comprehensive Income (Loss) at the dates indicated (in thousands):


								Total
								Accumulated
								Other
		AFS			Cash Flow			Comprehensive
		Securities			Hedge			Income (Loss)
Three Months Ended		$	(43,269)		$	(2,186)		$	(45,455)
Other comprehensive income (loss) arising during the period, net of tax			4,057			(454)			3,603
Balance at September 30, 2025		$	(39,212)		$	(2,640)		$	(41,852)

Balance at July 1, 2024		$	(57,148)		$	4,943		$	(52,205)
Unrealized gain (loss) arising during the period, net of tax			13,459			(4,518)			8,941
Reclassification adjustment for gain included in net income, net of tax			—			(863)			(863)
Other comprehensive income (loss) arising during the period, net of tax			13,459			(5,381)			8,078
Balance at September 30, 2024		$	(43,689)		$	(438)		$	(44,127)


								Total
								Accumulated
								Other
		AFS			Cash Flow			Comprehensive
		Securities			Hedge			Income (Loss)
Balance at January 1, 2025		$	(53,331)			197			(53,134)
Unrealized gain (loss) arising during the period, net of tax			14,119			(2,206)			11,913
Reclassification adjustment for gain included in net income, net of tax			—			(631)			(631)
Other comprehensive income (loss), net of tax			14,119			(2,837)			11,282
Balance at September 30, 2025		$	(39,212)			(2,640)			(41,852)

Balance at January 1, 2024		$	(54,685)			1,749			(52,936)
Unrealized gain (loss) arising during the period, net of tax			10,996			417			11,413
Reclassification adjustment for gain included in net income, net of tax			—			(2,604)			(2,604)
Other comprehensive income (loss)arising during the period , net of tax			10,996			(2,187)			8,809
Balance at September 30, 2024		$	(43,689)			(438)			(44,127)

Schedule of table shows the amounts reclassified out of AOCI for the realized gain on cash flow hedges

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


															Affected line item in
		Three months ended						Nine months ended							the Consolidated Statements
		September 30,						September 30,							of Operations
		2025			2024			2025			2024
Realized gain on sale of AFS securities		$	—		$	—		$	—		$	—			Gain on Sale of Securities
Income tax (expense) benefit			—			—			—			—			Income tax expense
Total reclassifications, net of income tax		$	—		$	—		$	—		$	—

Realized gain (loss) on derivative cash flow hedges		$	—		$	1,245		$	911		$	3,757			Licensing fees
Income tax (expense) benefit			—			(382)			(280)			(1,153)			Income tax expense
Total reclassifications, net of income tax		$	—		$	863		$	631		$	2,604