ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

6 Months Ended

Jun. 30, 2024

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Schedule of changes in accumulated other comprehensive income (loss), net of tax

The following table summarizes the changes in Accumulated Other Comprehensive Income (Loss) balances, net of tax effects at the dates indicated (in thousands):

					Total
					Accumulated
					Other
	AFS		Cash Flow		Comprehensive
	Securities		Hedge		Income (Loss)
Three Months Ended
Balance at April 1, 2024	$	(57,251)	$	5,161	$	(52,090)
Unrealized gain (loss) arising during the period, net of tax		103		656		759
Reclassification adjustment for gain included in net income, net of tax		—		(874)		(874)
Other comprehensive income (loss), net of tax		103		(218)		(115)
Balance at June 30, 2024	$	(57,148)	$	4,943	$	(52,205)
Balance at April 1, 2023	$	(56,114)	$	5,982	$	(50,132)
Unrealized gain (loss) arising during the period, net of tax		(4,675)		4,702		27
Reclassification adjustment for gain included in net income, net of tax		—		(816)		(816)
Other comprehensive income (loss), net of tax		(4,675)		3,886		(789)
Balance at June 30, 2023	$	(60,789)	$	9,868	$	(50,921)
Six Months Ended
Balance at January 1, 2024	$	(54,685)	$	1,749	$	(52,936)
Unrealized gain (loss) arising during the period, net of tax		(2,463)		4,935		2,472
Reclassification adjustment for gain included in net income, net of tax		—		(1,741)		(1,741)
Other comprehensive income (loss), net of tax		(2,463)		3,194		731
Balance at June 30, 2024	$	(57,148)	$	4,943	$	(52,205)
Balance at January 1, 2023	$	(61,833)	$	7,535	$	(54,298)
Unrealized gain (loss) arising during the period, net of tax		1,044		4,007		5,051
Reclassification adjustment for gain included in net income, net of tax		—		(1,674)		(1,674)
Other comprehensive income (loss), net of tax		1,044		2,333		3,377
Balance at June 30, 2023	$	(60,789)	$	9,868	$	(50,921)

Schedule of reclassifications out of accumulated other comprehensive income

The following table presents the tax effects allocated to each component of Accumulated Other Comprehensive Income (Loss) at the dates indicated (in thousands):

Schedule of table shows the amounts reclassified out of each component of accumulated other comprehensive income for the gain on the sale of securities

	Gross		Tax
	Amount		Component		Total
Balance at June 30, 2024
Unrealized gain (loss) on AFS Securities	$	(82,125)	$	24,977	$	(57,148)
Unrealized gain (loss) on Cash Flow Hedges		7,080		(2,137)		4,943
Total ending other comprehensive income (loss)	$	(75,045)	$	22,840	$	(52,205)
At December 31, 2023
Unrealized gain (loss) on AFS Securities	$	(77,783)	$	23,098	$	(54,685)
Unrealized gain (loss) on Cash Flow Hedges		2,574		(825)		1,749
Total ending other comprehensive income (loss)	$	(75,209)	$	22,273	$	(52,936)

The following table shows the amounts reclassified out of AOCI for the realized gain on cash flow hedges (in thousands):

									Affected line item in
	Three months ended				Six months ended				the Consolidated Statements
	June 30,				June 30,				of Operations
	2024		2023		2024		2023
Realized gain (loss) on cash flow hedges	$	1,262	$	1,218	$	2,513	$	2,453	Licensing fees
Income tax (expense) benefit		(388)		(402)		(772)		(779)	Income tax expense
Total reclassifications, net of income tax	$	874	$	816	$	1,741	$	1,674