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ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS) | 9 Months Ended
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Sep. 30, 2021
Stockholders Equity Note [Abstract] |
ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS) | 10. ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS) 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 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 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 | )
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 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
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- References No definition available. + Details
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