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Other comprehensive income (loss) (Tables)
9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
Summary of Accumulated Other Comprehensive Income (Loss)

The changes in each component of accumulated other comprehensive income (loss), presented net of tax, were as follows (in thousands):

    

Three Months Ended September 30, 2024

    

    

    

Accumulated

Securities

Securities

Fair Value

Other

Available-for-

Transferred to

Municipal

Cash Flow

Comprehensive

    

Sale

    

Held-to-Maturity

    

Security Hedges

    

Hedges

    

Income (Loss)

Beginning balance, June 30, 2024

 

$

(24,640)

$

(582)

$

85

$

(661)

$

(25,798)

 

Other comprehensive income (loss)

 

9,043

 

(689)

190

 

8,544

Reclassification of amounts included in net income

 

25

 

(104)

(16)

 

(95)

Net other comprehensive income (loss) during period

 

9,043

25

 

(793)

 

174

 

8,449

Ending balance, September 30, 2024

$

(15,597)

$

(557)

$

(708)

$

(487)

$

(17,349)

    

Three Months Ended September 30, 2023

    

    

    

Accumulated

Securities

Securities

Fair Value

Other

Available-for-

Transferred to

Municipal

Cash Flow

Comprehensive

    

Sale

    

Held-to-Maturity

    

Security Hedges

    

Hedges

    

Income (Loss)

Beginning balance, June 30, 2023

$

(33,132)

$

(684)

$

$

(1,201)

$

(35,017)

Other comprehensive income (loss)

 

(4,325)

 

115

 

(4,210)

Reclassification of amounts included in net income

 

5,044

27

 

 

5,071

Net other comprehensive income (loss) during period

 

719

27

 

 

115

 

861

Ending balance, September 30, 2023

$

(32,413)

$

(657)

$

$

(1,086)

$

(34,156)

Nine Months Ended September 30, 2024

    

    

    

Accumulated

Securities

Securities

Fair Value

Other

Available-for-

Transferred to

Municipal

Cash Flow

Comprehensive

    

Sale

    

Held-to-Maturity

    

Security Hedges

    

Hedges

    

Income (Loss)

Beginning balance, December 31, 2023

 

$

(23,818)

$

(632)

$

(397)

$

(1,060)

$

(25,907)

 

Other comprehensive income (loss)

 

8,221

 

(22)

657

 

8,856

Reclassification of amounts included in net income

 

75

 

(289)

(84)

 

(298)

Net other comprehensive income (loss) during period

 

8,221

75

 

(311)

 

573

 

8,558

Ending balance, September 30, 2024

$

(15,597)

$

(557)

$

(708)

$

(487)

$

(17,349)

Nine Months Ended September 30, 2023

    

    

    

Accumulated

Securities

Securities

Fair Value

Other

Available-for-

Transferred to

Municipal

Cash Flow

Comprehensive

    

Sale

    

Held-to-Maturity

    

Security Hedges

    

Hedges

    

Income (Loss)

Beginning balance, December 31, 2022

$

(33,616)

$

(742)

$

$

(966)

$

(35,324)

Other comprehensive income (loss)

 

(3,841)

 

(120)

 

(3,961)

Reclassification of amounts included in net income

 

5,044

85

 

 

5,129

Net other comprehensive income (loss) during period

 

1,203

85

 

 

(120)

 

1,168

Ending balance, September 30, 2023

$

(32,413)

$

(657)

$

$

(1,086)

$

(34,156)