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ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS) (Tables) | 9 Months Ended
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Sep. 30, 2021
Stockholders Equity Note [Abstract] |
Schedule of Accumulated Other Comprehensive Income/(Loss) Balances, Net of Tax | The following is a summary of the accumulated other comprehensive income/(loss) balances, net of tax, for the three months ended September 30, 2021 and 2020:
|  |  |  |  |  |  |  |  |  | Amount |  |  | Other |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Reclassified |  |  | Comprehensive |  |  |  |  |
|  |  |  |  |  | Other |  |  | From |  |  | Income/(Loss) |  |  |  |  |
|  |  |  |  |  | Comprehensive |  |  | Accumulated |  |  | Three Months |  |  |  |  |
|  | Balance at |  |  | Income/(Loss) |  |  | Other |  |  | Ended |  |  | Balance at |
|  | July 1, |  |  | Before |  |  | Comprehensive |  |  | September 30, |  |  | September 30, |
(In thousands) |  | 2021 |  |  | Reclassifications |  |  | Income/(Loss) |  |  | 2021 |  |  | 2021 |
Net unrealized holding gain/(loss) on securities available for sale, net of tax |  | $ | (956 | ) |  | $ | (4,293 | ) |  | $ | — |  |  | $ | (4,293 | ) |  | $ | (5,249 | )
Gain/(loss) on cash flow hedges |  |  | (4,459 | ) |  |  | 673 |  |  |  | — |  |  |  | 673 |  |  |  | (3,786 | )
Accumulated other comprehensive gain/(loss), net of tax |  | $ | (5,415 | ) |  | $ | (3,620 | ) |  | $ | — |  |  | $ | (3,620 | ) |  | $ | (9,035 | )
|  |  |  |  |  |  |  |  |  | Amount |  |  | Other |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Reclassified |  |  | Comprehensive |  |  |  |  |
|  |  |  |  |  | Other |  |  | From |  |  | Income/(Loss) |  |  |  |  |
|  |  |  |  |  | Comprehensive |  |  | Accumulated |  |  | Three Months |  |  |  |  |
|  | Balance at |  |  | Income/(Loss) |  |  | Other |  |  | Ended |  |  | Balance at |
|  | July 1, |  |  | Before |  |  | Comprehensive |  |  | September 30, |  |  | September 30, |
(In thousands) |  | 2020 |  |  | Reclassifications |  |  | Income/(Loss) |  |  | 2020 |  |  | 2020 |
Net unrealized holding gain/(loss) on securities available for sale, net of tax |  | $ | 6,935 |  |  | $ | (777 | ) |  | $ | — |  |  | $ | (777 | ) |  | $ | 6,158 |
Gain/(loss) on cash flow hedges |  |  | (8,931 | ) |  |  | 1,030 |  |  |  | (4 | ) |  |  | 1,026 |  |  |  | (7,905 | )
Accumulated other comprehensive gain/(loss), net of tax |  | $ | (1,996 | ) |  | $ | 253 |  |  | $ | (4 | ) |  | $ | 249 |  |  | $ | (1,747 | )
The following is a summary of the accumulated other comprehensive income/(loss) balances, net of tax, for the nine months ended September 30, 2021 and 2020
|  |  |  |  |  |  |  |  |  | Amount |  |  | Other |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Reclassified |  |  | Comprehensive |  |  |  |  |
|  |  |  |  |  | Other |  |  | From |  |  | Income/(Loss) |  |  |  |  |
|  |  |  |  |  | Comprehensive |  |  | Accumulated |  |  | Nine Months |  |  |  |  |
|  | Balance at |  |  | Income/(Loss) |  |  | Other |  |  | Ended |  |  | Balance at |
|  | January 1, |  |  | Before |  |  | Comprehensive |  |  | September 30, |  |  | September 30, |
(In thousands) |  | 2021 |  |  | Reclassifications |  |  | Income/(Loss) |  |  | 2021 |  |  | 2021 |
Net unrealized holding gain/(loss) on securities available for sale, net of tax |  | $ | 5,521 |  |  | $ | (10,770 | ) |  | $ | — |  |  | $ | (10,770 | ) |  | $ | (5,249 | )
Gain/(loss) on cash flow hedges |  |  | (6,913 | ) |  |  | 2,521 |  |  |  | 606 |  |  |  | 3,127 |  |  |  | (3,786 | )
Accumulated other comprehensive gain/(loss), net of tax |  | $ | (1,392 | ) |  | $ | (8,249 | ) |  | $ | 606 |  |  | $ | (7,643 | ) |  | $ | (9,035 | )
|  |  |  |  |  |  |  |  |  | Amount |  |  | Other |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Reclassified |  |  | Comprehensive |  |  |  |  |
|  |  |  |  |  | Other |  |  | From |  |  | Income/(Loss) |  |  |  |  |
|  |  |  |  |  | Comprehensive |  |  | Accumulated |  |  | Nine Months |  |  |  |  |
|  | Balance at |  |  | Income/(Loss) |  |  | Other |  |  | Ended |  |  | Balance at |
|  | January 1, |  |  | Before |  |  | Comprehensive |  |  | September 30, |  |  | September 30, |
(In thousands) |  | 2020 |  |  | Reclassifications |  |  | Income/(Loss) |  |  | 2020 |  |  | 2020 |
Net unrealized holding gain/(loss) on securities available for sale, net of tax |  | $ | 1,006 |  |  | $ | 5,152 |  |  | $ | — |  |  | $ | 5,152 |  |  | $ | 6,158 |
Gain/(loss) on cash flow hedges |  |  | (2,501 | ) |  |  | (5,341 | ) |  |  | (63 | ) |  |  | (5,404 | ) |  |  | (7,905 | )
Accumulated other comprehensive gain/(loss), net of tax |  | $ | (1,495 | ) |  | $ | (189 | ) |  | $ | (63 | ) |  | $ | (252 | ) |  | $ | (1,747 | )
Schedule of Reclassifications Out of Accumulated Other Comprehensive Income/(loss) | The following represents the reclassifications out of accumulated other comprehensive income/(loss) for the three months ended September 30, 2021 and 2020:
|  | Three Months Ended |  |  |
|  | September 30, |  |  |
(In thousands) |  | 2021 |  |  | 2020 |  |  | Affected Line Item in Income Statement
Unrealized gains/(losses) on cash flow hedge derivatives: |  |  |  |  |  |  |  |  |  |
Reclassification adjustment for amounts included in net income |  | $ | — |  |  | $ | (5 | ) |  | Interest expense
Reclassification adjustment for losses on termination of swaps included in net income |  |  | — |  |  |  | — |  |  | Other income
Tax effect |  |  | — |  |  |  | 1 |  |  | Income tax expense
Total reclassifications, net of tax |  | $ | — |  |  | $ | (4 | ) |  |
The following represents the reclassifications out of accumulated other comprehensive income/(loss) for the nine months ended September 30, 2021 and 2020:
|  | Nine Months Ended |  |  |
|  | September 30, |  |  |
(In thousands) |  | 2021 |  |  | 2020 |  |  | Affected Line Item in Income
Unrealized gains/(losses) on cash flow hedge derivatives: |  |  |  |  |  |  |  |  |  |
Reclassification adjustment for amounts included in net income |  | $ | — |  |  | $ | (85 | ) |  | Interest expense
Reclassification adjustment for losses on termination of swaps included in net income |  |  | 842 |  |  |  | — |  |  | Other income
Tax effect |  |  | (236 | ) |  |  | 22 |  |  | Income tax expense
Total reclassifications, net of tax |  | $ | 606 |  |  | $ | (63 | ) |  |

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- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=124509347&loc=SL7669686-108580 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 45 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900 + Details
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