Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2022

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

A summary of changes in accumulated other comprehensive income (loss) (‘‘AOCIL’’), net of tax during the years ended December 31 follows:

	Unrealized Gains (Losses) on Securities AFS		Unrealized Losses on Securities Transferred to Securities HTM (1)		Dispropor- tionate Tax Effects from Securities AFS		Unrealized Losses on Cash Flow Hedges		Total
	(In thousands)
2022
Balances at beginning of period	$	6,299	$	—	$	(5,798)	$	—	$	501
Other comprehensive loss before reclassifications	(75,258)		(18,223)		—		—		(93,481)
Amounts reclassified from AOCIL	217		—		—		—		217
Net current period other comprehensive loss	(75,041)		(18,223)		—		—		(93,264)
Balances at end of period	$	(68,742)	$	(18,223)	$	(5,798)	$	—	$	(92,763)
2021
Balances at beginning of period	$	15,822	$	—	$	(5,798)	$	—	$	10,024
Other comprehensive loss before reclassifications	(8,408)		—		—		—		(8,408)
Amounts reclassified from AOCIL	(1,115)		—		—		—		(1,115)
Net current period other comprehensive loss	(9,523)		—		—		—		(9,523)
Balances at end of period	$	6,299	$	—	$	(5,798)	$	—	$	501
2020
Balances at beginning of period	$	3,739	$	—	$	(5,798)	$	(1,727)	$	(3,786)
Other comprehensive income (loss) before reclassifications	12,294		—		—		(279)		12,015
Amounts reclassified from AOCIL	(211)		—		—		2,006		1,795
Net current period other comprehensive income	12,083		—		—		1,727		13,810
Balances at end of period	$	15,822	$	—	$	(5,798)	$	—	$	10,024

(1)Represents the remaining unrealized loss to be accreted on securities that were transferred from AFS to HTM on April 1, 2022.

Reclassifications Out of Each Component of AOCIL

A summary of reclassifications out of each component of AOCIL for the years ended December 31 follows:

AOCIL Component	Reclassified From AOCIL		Affected Line Item in Consolidated Statements of Operations
	(In thousands)
2022
Unrealized gains (losses) on securities available for sale	$	(275)	Net gains (losses) on securities available for sale
	—		Net impairment loss recognized in earnings
	(275)		Total reclassifications before tax
	(58)		Income tax expense
	$	(217)	Reclassifications, net of tax
2021
Unrealized gains (losses) on securities available for sale	$	1,411	Net gains (losses) on securities available for sale
	—		Net impairment loss recognized in earnings
	1,411		Total reclassifications before tax
	296		Income tax expense
	$	1,115	Reclassifications, net of tax
2020
Unrealized gains (losses) on securities available for sale	$	267	Net gains (losses) on securities available for sale
	—		Net impairment loss recognized in earnings
	267		Total reclassifications before tax
	56		Income tax expense
	$	211	Reclassifications, net of tax
Unrealized gains (losses) on cash flow hedges	$	2,539	Interest expense
	533		Income tax expense
	$	2,006	Reclassification, net of tax
	$	(1,795)	Total reclassifications for the period, net of tax