Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2026

Other Comprehensive Income [Abstract]

Note 10 – Other Comprehensive Income (Loss)

The table below presents the components of other comprehensive income (loss).


(dollars in thousands)	Before Tax		Tax Effect		Net of Tax
For the Three Months Ended September 30, 2026
Unrealized gain (loss) on securities available-for-sale	$	(19,518)	$	4,710	$	(14,808)
Reclassification adjustment for net realized (gain) loss included in net income (loss)(1)	(14)		5		(9)
Total unrealized gain (loss) on securities available-for-sale	(19,532)		4,715		(14,817)

Amortization of unrealized gain (loss) on securities transferred to held-to-maturity	1,562		(358)		1,204

Unrealized gain (loss) on derivatives	(8,006)		1,968		(6,038)
Reclassification adjustment for (gain) loss on cash flow hedging relationships	443		(109)		334
Total unrealized gain (loss) on derivatives	(7,563)		1,859		(5,704)
Other comprehensive income (loss)	$	(25,533)	$	6,216	$	(19,317)

For the Three Months Ended September 30, 2025
Unrealized gain (loss) on securities available-for-sale	$	10,476	$	(2,637)	$	7,839
Reclassification adjustment for net realized (gain) loss included in net income (loss)	1,982		(396)		1,586
Total unrealized gain (loss) on securities available-for-sale	12,458		(3,033)		9,425

Amortization of unrealized gain (loss) on securities transferred to held-to-maturity	1,576		(364)		1,212

Unrealized gain (loss) on derivatives	(114)		28		(86)

Total unrealized gain (loss) on derivatives	(114)		28		(86)
Other comprehensive income (loss)	$	13,920	$	(3,369)	$	10,551

For the Nine Months Ended September 30, 2026
Unrealized gain (loss) on securities available-for-sale	$	(21,296)	$	5,145	$	(16,151)
Reclassification adjustment for net realized (gain) loss included in net income (loss)(1)	(269)		71		(198)
Total unrealized gain (loss) on securities available-for-sale	(21,565)		5,216		(16,349)

Amortization of unrealized gain (loss) on securities transferred to held-to-maturity	4,850		(1,110)		3,740

Unrealized gain (loss) on derivatives	(15,830)		3,891		(11,939)
Reclassification adjustment for (gain) loss on cash flow hedging relationships	1,208		(297)		911
Total unrealized gain (loss) on derivatives	(14,622)		3,594		(11,028)
Other comprehensive income (loss)	$	(31,337)	$	7,700	$	(23,637)

For the Nine Months Ended September 30, 2025
Unrealized gain (loss) on securities available-for-sale	$	49,444	$	(11,962)	$	37,482
Reclassification adjustment for net realized (gain) loss included in net income (loss)	3,832		(1,115)		2,717
Total unrealized gain (loss) on securities available-for-sale	53,276		(13,077)		40,199

Amortization of unrealized gain (loss) on securities transferred to held-to-maturity	4,774		(1,102)		3,672

Unrealized gain (loss) on derivatives	(281)		69		(212)

Total unrealized gain (loss) on derivatives	(281)		69		(212)
Other comprehensive income (loss)	$	57,769	$	(14,110)	$	43,659

(1)Also includes nominal amounts of hedging basis adjustment amortization related to a fair value hedging relationship that was voluntarily discontinued in 2025.

The table below presents the changes in each component of accumulated other comprehensive income (loss), net of tax.


(dollars in thousands)	Available-for-Sale Securities		Held-to-Maturity Securities		Derivatives		Accumulated Other Comprehensive Income (Loss)
For the Three Months Ended September 30, 2026
Balance at beginning of period	$	(61,018)	$	(27,221)	$	(5,240)	$	(93,479)
Other comprehensive income (loss) before reclassifications	(14,808)		—		(6,038)		(20,846)
Amortization of unrealized loss on securities transferred to held-to-maturity	—		1,204		—		1,204
Amounts reclassified from accumulated other comprehensive income (loss)	(9)		—		334		325
Net other comprehensive income (loss) during period	(14,817)		1,204		(5,704)		(19,317)
Balance at end of period	$	(75,835)	$	(26,017)	$	(10,944)	$	(112,796)

For the Three Months Ended September 30, 2025
Balance at beginning of period	$	(76,078)	$	(32,180)	$	(107)	$	(108,365)
Other comprehensive income (loss) before reclassifications	7,839		—		(86)		7,753
Amortization of unrealized loss on securities transferred to held-to-maturity	—		1,212		—		1,212
Amounts reclassified from accumulated other comprehensive income (loss)	1,586		—		—		1,586
Net other comprehensive income (loss) during period	9,425		1,212		(86)		10,551
Balance at end of period	$	(66,653)	$	(30,968)	$	(193)	$	(97,814)

For the Nine Months Ended September 30, 2026
Balance at beginning of period	$	(59,486)	$	(29,757)	$	84	$	(89,159)
Other comprehensive income (loss) before reclassifications	(16,151)		—		(11,939)		(28,090)
Amortization of unrealized loss on securities transferred to held-to-maturity	—		3,740		—		3,740
Amounts reclassified from accumulated other comprehensive income (loss)	(198)		—		911		713
Net other comprehensive income (loss) during period	(16,349)		3,740		(11,028)		(23,637)
Balance at end of period	$	(75,835)	$	(26,017)	$	(10,944)	$	(112,796)

For the Nine Months Ended September 30, 2025
Balance at beginning of period	$	(106,852)	$	(34,640)	$	19	$	(141,473)
Other comprehensive income (loss) before reclassifications	37,482		—		(212)		37,270
Amortization of unrealized loss on securities transferred to held-to-maturity	—		3,672		—		3,672
Amounts reclassified from accumulated other comprehensive income (loss)	2,717		—		—		2,717
Net other comprehensive income (loss) during period	40,199		3,672		(212)		43,659
Balance at end of period	$	(66,653)	$	(30,968)	$	(193)	$	(97,814)

The table below presents the amounts reclassified out of each component of accumulated other comprehensive income (loss).


	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)								Affected Line Item in the Statement Where Net Income (Loss) is Presented
	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
(dollars in thousands)	2026		2025		2026		2025
Realized gain (loss) on sale of investment securities	$	21	$	1,982	$	290	$	3,832		Net gain (loss) on sale of investment securities
Gain (loss) on fair value hedging relationships - AFS securities	(7)		—		(21)		—			Interest income
Gain (loss) on cash flow hedging relationships - Loans	(443)		—		(1,208)		—			Interest income
Income tax benefit (expense)	104		(396)		226		(1,115)			Income tax expense
Total	$	(325)	$	1,586	$	(713)	$	2,717		Net Income (Loss)