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ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS) | 3 Months Ended
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Mar. 31, 2023
Stockholders Equity Note [Abstract] |
ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS) | 11. 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 March 31, 2023 and 2022:
|  |  |  |  |  |  |  | Amount |  |  | Other |  |  |  |
|  |  |  |  |  |  |  | Reclassified |  |  | Comprehensive |  |  |  |
|  |  |  |  | Other |  |  | From |  |  | Income/(Loss) |  |  |  |
|  |  |  |  | Comprehensive |  |  | Accumulated |  |  | Three Months |  |  |  |
|  | Balance at |  |  | Income/(Loss) |  |  | Other |  |  | Ended |  |  | Balance at |
|  | January 1, |  |  | Before |  |  | Comprehensive |  |  | March 31, |  |  | March 31, |
(In thousands) |  | 2023 |  |  | Reclassifications |  |  | Income/(Loss) |  |  | 2023 |  |  | 2023 |
Net unrealized holding gain/(loss) on securities available for sale, net of tax |  | $ | (80,972 | ) |  | $ | 8,721 |  |  | $ | — |  |  | $ | 8,721 |  |  | $ | (72,251 | )
Gain/(loss) on cash flow hedges |  |  | 6,761 |  |  |  | (1,925 | ) |  |  | (30 | ) |  |  | (1,955 | ) |  |  | 4,806 |
Accumulated other comprehensive gain/(loss), net of tax |  | $ | (74,211 | ) |  | $ | 6,796 |  |  | $ | (30 | ) |  | $ | 6,766 |  |  | $ | (67,445 | )
|  |  |  |  |  |  |  | Amount |  |  | Other |  |  |  |
|  |  |  |  |  |  |  | Reclassified |  |  | Comprehensive |  |  |  |
|  |  |  |  | Other |  |  | From |  |  | Income/(Loss) |  |  |  |
|  |  |  |  | Comprehensive |  |  | Accumulated |  |  | Three Months |  |  |  |
|  | Balance at |  |  | Income/(Loss) |  |  | Other |  |  | Ended |  |  | Balance at |
|  | January 1, |  |  | Before |  |  | Comprehensive |  |  | March 31, |  |  | March 31, |
(In thousands) |  | 2022 |  |  | Reclassifications |  |  | Income/(Loss) |  |  | 2022 |  |  | 2022 |
Net unrealized holding gain/(loss) on securities available for sale, net of tax |  | $ | (9,873 | ) |  | $ | (35,602 | ) |  | $ | 5,028 |  |  | $ | (30,574 | ) |  | $ | (40,447 | )
Gain/(loss) on cash flow hedges |  |  | (2,501 | ) |  |  | 2,010 |  |  |  | — |  |  |  | 2,010 |  |  |  | (491 | )
Accumulated other comprehensive gain/(loss), net of tax |  | $ | (12,374 | ) |  | $ | (33,592 | ) |  | $ | 5,028 |  |  | $ | (28,564 | ) |  | $ | (40,938 | )
The following represents the reclassifications out of accumulated other comprehensive income/(loss) for the three months ended March 31, 2023 and 2022:
|  | Three Months Ended |  |  |
|  | March 31, |  |  |
(In thousands) |  | 2023 |  |  | 2022 |  |  | Affected Line Item in Income Statement
Unrealized gains/(losses) on securities available for sale: |  |  |  |  |  |  |  |
Reclassification adjustment for amounts included in net income |  | $ | — |  |  | $ | 6,609 |  |  | Securities losses, net
Tax effect |  |  | — |  |  |  | (1,581 | ) |  | Income tax expense
Total reclassifications, net of tax |  | $ | — |  |  | $ | 5,028 |  |  |
Unrealized gains/(losses) on cash flow hedge derivatives: |  |  |  |  |  |  |  |
Reclassification adjustment for amounts included in net income |  | $ | (42 | ) |  | $ | — |  |  | Interest Expense
Tax effect |  |  | 12 |  |  |  | — |  |  | Income tax expense
Total reclassifications, net of tax |  | $ | (30 | ) |  | $ | — |  |  |

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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 https://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 https://asc.fasb.org/extlink&oid=126953954&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 https://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 https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
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