Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2025

Other Comprehensive Income [Abstract]

Note 10 – Other Comprehensive Income (Loss)

The table below presents the components of other comprehensive income (loss).


	Three Months Ended September 30,
	2025						2024
(dollars in thousands)	Before Tax		Tax Effect		Net of Tax		Before Tax		Tax Effect		Net of Tax
Unrealized gain (loss) on securities available-for-sale	$	10,476	$	(2,637)	$	7,839	$	46,788	$	(11,450)	$	35,338
Reclassification adjustment for net gain (loss) included in net income (loss)	1,982		(396)		1,586		(3)		1		(2)
Total unrealized gain (loss) on securities available-for-sale	12,458		(3,033)		9,425		46,785		(11,449)		35,336

Amortization of unrealized gain (loss) on securities transferred to held-to-maturity	1,576		(364)		1,212		1,768		(413)		1,355

Unrealized gain (loss) on derivatives	(114)		28		(86)		(32)		7		(25)


Other comprehensive income (loss)	$	13,920	$	(3,369)	$	10,551	$	48,521	$	(11,855)	$	36,666

	For the Nine Months Ended September 30,
	2025						2024
(dollars in thousands)	Before Tax		Tax Effect		Net of Tax		Before Tax		Tax Effect		Net of Tax
Unrealized gain (loss) on securities available-for-sale	$	49,444	$	(11,962)	$	37,482	$	44,907	$	(11,006)	$	33,901
Reclassification adjustment for net gain (loss) included in net income (loss)	3,832		(1,115)		2,717		(10)		2		(8)
Total unrealized gain (loss) on securities available-for-sale	53,276		(13,077)		40,199		44,897		(11,004)		33,893

Amortization of unrealized gain (loss) on securities transferred to held-to-maturity	4,774		(1,102)		3,672		5,224		(1,162)		4,062

Unrealized gain (loss) on derivatives	(281)		69		(212)		298		(73)		225


Other comprehensive income (loss)	$	57,769	$	(14,110)	$	43,659	$	50,419	$	(12,239)	$	38,180

The table below presents the changes in each component of accumulated other comprehensive income (loss), net of tax.


(dollars in thousands)	Available-for-Sale Securities		Held-to-Maturity Securities		Derivatives		Accumulated Other Comprehensive Income (Loss)
For the Three Months Ended September 30, 2025
Balance at beginning of period	$	(76,078)	$	(32,180)	$	(107)	$	(108,365)
Other comprehensive income (loss) before reclassifications	7,839		—		(86)		7,753
Amortization of unrealized loss on securities transferred to held-to-maturity	—		1,212		—		1,212
Amounts reclassified from accumulated other comprehensive income (loss)	1,586		—		—		1,586
Net other comprehensive income (loss) during period	9,425		1,212		(86)		10,551
Balance at end of period	$	(66,653)	$	(30,968)	$	(193)	$	(97,814)

For the Three Months Ended September 30, 2024
Balance at beginning of period	$	(123,689)	$	(37,222)	$	68	$	(160,843)
Other comprehensive income (loss) before reclassifications	35,338		—		(25)		35,313
Amortization of unrealized loss on securities transferred to held-to-maturity	—		1,355		—		1,355
Amounts reclassified from accumulated other comprehensive income (loss)	(2)		—		—		(2)
Net other comprehensive income (loss) during period	35,336		1,355		(25)		36,666
Balance at end of period	$	(88,353)	$	(35,867)	$	43	$	(124,177)

For the Nine Months Ended September 30, 2025
Balance at beginning of period	$	(106,852)	$	(34,640)	$	19	$	(141,473)
Other comprehensive income (loss) before reclassifications	37,482		—		(212)		37,270
Amortization of unrealized loss on securities transferred to held-to-maturity	—		3,672		—		3,672
Amounts reclassified from accumulated other comprehensive income (loss)	2,717		—		—		2,717
Net other comprehensive income (loss) during period	40,199		3,672		(212)		43,659
Balance at end of period	$	(66,653)	$	(30,968)	$	(193)	$	(97,814)

For the Nine Months Ended September 30, 2024
Balance at beginning of period	$	(122,246)	$	(39,929)	$	(182)	$	(162,357)
Other comprehensive income (loss) before reclassifications	33,901		—		225		34,126
Amortization of unrealized loss on securities transferred to held-to-maturity	—		4,062		—		4,062
Amounts reclassified from accumulated other comprehensive income (loss)	(8)		—		—		(8)
Net other comprehensive income (loss) during period	33,893		4,062		225		38,180
Balance at end of period	$	(88,353)	$	(35,867)	$	43	$	(124,177)

The table below presents the amounts reclassified out of each component of accumulated other comprehensive income (loss).


	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)								Affected Line Item in the Statement Where Net Income (Loss) is Presented
	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
(dollars in thousands)	2025		2024		2025		2024
Realized gain (loss) on sale of investment securities	$	1,982	$	3	$	3,832	$	5	Net gain (loss) on sale of investment securities

Income tax benefit (expense)	(396)		(1)		(1,115)		(1)		Income tax expense
Total	$	1,586	$	2	$	2,717	$	4	Net Income (Loss)