Accumulated Other Comprehensive Income (Loss) ("AOCIL") (Tables)

3 Months Ended

Mar. 31, 2023

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

Schedule of Accumulated Other Comprehensive Income (Loss)

A summary of changes in AOCIL 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 Derivative Instruments		Total
	(In thousands)
For the three months ended March 31, 2023
Balances at beginning of period	$	(68,742)	$	(18,223)	$	(5,798)	$	—	$	(92,763)
Other comprehensive income (loss) before reclassifications	11,370		672		—		(331)		11,711
Amounts reclassified from AOCIL	175		—		—		66		241
Net current period other comprehensive income (loss)	11,545		672		—		(265)		11,952
Balances at end of period	$	(57,197)	$	(17,551)	$	(5,798)	$	(265)	$	(80,811)
2022
Balances at beginning of period	$	6,299	$	—	$	(5,798)	$	—	$	501
Other comprehensive loss before reclassifications	(54,860)		—		—		—		(54,860)
Amounts reclassified from AOCIL	(55)		—		—		—		(55)
Net current period other comprehensive loss	(54,915)		—		—		—		(54,915)
Balances at end of period	$	(48,616)	$	—	$	(5,798)	$	—	$	(54,414)

(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 three months ended March 31 follows:

AOCIL Component	Amount Reclassified From AOCIL		Affected Line Item in Condensed Consolidated Statements of Operations
	(In thousands)
2023
Unrealized gains (losses) on securities available for sale
	$	(222)	Net gains (losses) on securities available for sale
	(47)		Income tax expense
	$	(175)	Reclassifications, net of tax
Unrealized losses on derivative instruments
	$	84	Interest income
	18		Income tax expense
	$	66	Reclassifications, net of tax
	$	(241)	Total reclassifications for the period, net of tax
2022
Unrealized gains (losses) on securities available for sale
	$	70	Net gains (losses) on securities available for sale
	15		Income tax expense
	$	55	Reclassifications, net of tax