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Accumulated Other Comprehensive Income (Loss)
 12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss)
The following table summarizes the changes in accumulated other comprehensive income (loss) by component, net of tax:
(in thousands)Unrealized Gain (Loss) from AFS Debt SecuritiesReclassificationof AFS Debt Securities to HTMUnrealized Gain from Cash Flow Hedging InstrumentsTotal
Balance, December 31, 2020$24,592 $— $— $24,592 
Other comprehensive loss before reclassifications(33,278)— — (33,278)
Amounts reclassified from AOCI(179)— — (179)
Net current-period other comprehensive loss(33,457)— — (33,457)
Balance, December 31, 2021$(8,865)$— $— $(8,865)
Other comprehensive (loss) income before reclassifications(82,788)2,805 — (79,983)
Amounts reclassified from AOCI(199)— — (199)
Net current-period other comprehensive (loss) income(82,987)2,805 — (80,182)
Balance, December 31, 2022$(91,852)$2,805 $— $(89,047)
Other comprehensive income before reclassifications7,782 1,706 1,846 11,334 
Amounts reclassified from AOCI14,155 — (1,341)12,814 
Net current-period other comprehensive income 21,937 1,706 505 24,148 
Balance, December 31, 2023$(69,915)$4,511 $505 $(64,899)
The following table presents reclassifications out of AOCI:
Years Ended December 31,
(in thousands)2023 20222021
Investment securities losses (gains), net$19,768 $(271)$(242)
Interest income(819)— — 
Interest expense(1,795)— — 
Income tax expense(4,340)72 63 
Net of tax$12,814 $(199)$(179)