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ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS) (Tables) | 3 Months Ended
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Mar. 31, 2024
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 March 31, 2024 and 2023:
|  |  |  |  |  |  |  | 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) |  | 2024 |  |  | Reclassifications |  |  | Income/(Loss) |  |  | 2024 |  |  | 2024 |
Net unrealized holding gain/(loss) on securities available for sale, net of tax |  | $ | (69,809 | ) |  | $ | (4,960 | ) |  | $ | — |  |  | $ | (4,960 | ) |  | $ | (74,769 | )
Gain/(loss) on cash flow hedges |  |  | 4,931 |  |  |  | 2,078 |  |  |  | — |  |  |  | 2,078 |  |  |  | 7,009 |
Accumulated other comprehensive gain/(loss), net of tax |  | $ | (64,878 | ) |  | $ | (2,882 | ) |  | $ | — |  |  | $ | (2,882 | ) |  | $ | (67,760 | )
|  |  |  |  |  |  |  | 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 | )
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 March 31, 2024 and 2023:
|  | Three Months Ended |  |  |
|  | March 31, |  |  |
(In thousands) |  | 2024 |  |  | 2023 |  |  | Affected Line Item in Income Statement
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 Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20 + Details
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