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Accumulated Other Comprehensive Income (Tables)
 6 Months Ended
Jun. 30, 2020
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)

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, March 31, 2020
$
25,538

 
$
4,778

 
$
(7,219
)
 
$
23,097

Net change
10,984

 
(329
)
 
(943
)
 
9,712

Transfer from available-for-sale to held-to-maturity
$
(8,650
)
 
$
8,650

 
$
—

 
$
—

Balance, June 30, 2020
$
27,872

 
$
13,099

 
$
(8,162
)
 
$
32,809

 
 
 
 
 
 
 
 
Balance, December 31, 2019
$
14,977

 
$
4,934

 
$
(2,162
)
 
$
17,749

Net change
21,545

 
(485
)
 
(6,000
)
 
15,060

Transfer from available-for-sale to held-to-maturity
$
(8,650
)
 
$
8,650

 
$
—

 
$
—

Balance, June 30, 2020
$
27,872

 
$
13,099

 
$
(8,162
)
 
$
32,809

 
 
 
 
 
 
 
 
(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, March 31, 2019
$
2,675

 
$
(233
)
 
$
(952
)
 
$
1,490

Net change
12,842

 
3

 
(1,261
)
 
11,584

Balance, June 30, 2019
$
15,517

 
$
(230
)
 
$
(2,213
)
 
$
13,074

 
 
 
 
 
 
 
 
Balance, December 31, 2018
$
(9,047
)
 
$
(235
)
 
$
—

 
$
(9,282
)
Net change
24,564

 
5

 
(2,213
)
 
22,356

Balance, June 30, 2019
$
15,517

 
$
(230
)
 
$
(2,213
)
 
$
13,074
Schedule of Pre-tax and After-tax Changes in the Components of Other Comprehensive Income
The following table presents the pre-tax and after-tax changes in the components of other comprehensive income:
 
Three months ended June 30,
(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
$
14,587

 
$
3,603

 
$
10,984

 
$
17,054

 
$
4,212

 
$
12,842

Reclassification of (gain) loss on held-to-maturity securities(b)
(437
)
 
(108
)
 
(329
)
 
4

 
1

 
3

Change in unrealized loss on cash flow hedges arising during the period
(1,563
)
 
(386
)
 
(1,177
)
 
(1,679
)
 
(414
)
 
(1,265
)
Reclassification of loss on cash flow hedges(b)
311

 
77

 
234

 
5

 
1

 
4

Total other comprehensive income
$
12,898

 
$
3,186

 
$
9,712

 
$
15,384

 
$
3,800

 
$
11,584

 
 
 
 
 
 
 
 
 
 
 
 
 
Six months ended June 30,
 
2020
 
2019
 
Pre-tax
 
Tax effect
 
After-tax
 
Pre-tax
 
Tax effect
 
After-tax
Change in unrealized gain on available-for-sale debt securities
$
28,616

 
$
7,068

 
$
21,548

 
$
32,329

 
$
7,985

 
$
24,344

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)
(644
)
 
(159
)
 
(485
)
 
7

 
2

 
5

Change in unrealized loss on cash flow hedges arising during the period
(8,442
)
 
(2,085
)
 
(6,357
)
 
(2,944
)
 
(727
)
 
(2,217
)
Reclassification of loss on cash flow hedges(b)
474

 
117

 
357

 
5

 
1

 
4

Total other comprehensive income
$
20,000

 
$
4,940

 
$
15,060

 
$
29,689

 
$
7,333

 
$
22,356

(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