Accumulated Other Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2020

The following table presents the changes in accumulated other comprehensive income after-tax by component:



(in thousands)	Net Unrealized Gain (Loss) on Available-for-Sale Debt Securities			Unamortized Gain (Loss) on Held-to-Maturity Securities			Net Unrealized Loss on Cash Flow Hedges			Total
Balance, December 31, 2019	$	14,977		$	4,934		$	(2,162	)	$	17,749
Net change	10,561			(156		)	(5,057		)	5,348
Balance, March 31, 2020	$	25,538		$	4,778		$	(7,219	)	$	23,097

(in thousands)	Net Unrealized Gain (Loss) on Available-for-Sale Debt Securities			Unamortized Gain (Loss) on Held-to-Maturity Securities			Net Unrealized Loss on Cash Flow Hedges			Total
Balance, December 31, 2018	$	(9,047	)	$	(235	)	$	—		$	(9,282	)
Net change	11,722			2			(952		)	10,772
Balance, March 31, 2019	$	2,675		$	(233	)	$	(952	)	$	1,490

The following table presents the pre-tax and after-tax changes in the components of other comprehensive income:



	Three months ended March 31,
(in thousands)	2020									2019
	Pre-tax			Tax effect			After-tax			Pre-tax			Tax effect			After-tax
Change in unrealized gain on available-for-sale debt securities	$	14,029		$	3,465		$	10,564		$	15,275		$	3,773		$	11,502
Reclassification adjustment for realized (gain) loss on sale of available-for-sale debt securities^(a)	(4		)	(1		)	(3		)	292			72			220
Reclassification of (gain) loss on held-to-maturity securities^(b)	(207		)	(51		)	(156		)	3			1			2
Change in unrealized loss on cash flow hedges arising during the period	(6,879		)	(1,699		)	(5,180		)	(1,264		)	(312		)	(952		)
Reclassification of loss on cash flow hedges^(b)	163			40			123			—			—			—
Total other comprehensive income	$	7,102		$	1,754		$	5,348		$	14,306		$	3,534		$	10,772

^(a)The pre-tax amount is reported in noninterest income/expense in the Consolidated Statements of Operations

^(b)The pre-tax amount is reported in interest income/expense in the Consolidated Statements of Operations