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

6 Months Ended

Jun. 30, 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 June 30,
2023
Balances at beginning of period	$	(57,197)	$	(17,551)	$	(5,798)	$	(265)	$	(80,811)
Other comprehensive income (loss) before reclassifications	(498)		740		—		37		279
Amounts reclassified from AOCIL	—		—		—		22		22
Net current period other comprehensive income (loss)	(498)		740		—		59		301
Balances at end of period	$	(57,695)	$	(16,811)	$	(5,798)	$	(206)	$	(80,510)
2022
Balances at beginning of period	$	(48,616)	$	—	$	(5,798)	$	—	$	(54,414)
Other comprehensive loss before reclassifications	(10,447)		(19,870)		—		—		(30,317)
Amounts reclassified from AOCIL	(272)		—		—		—		(272)
Net current period other comprehensive loss	(10,719)		(19,870)		—		—		(30,589)
Balances at end of period	$	(59,335)	$	(19,870)	$	(5,798)	$	—	$	(85,003)
For the six months ended June 30,
2023
Balances at beginning of period	$	(68,742)	$	(18,223)	$	(5,798)	$	—	$	(92,763)
Other comprehensive income (loss) before reclassifications	10,872		1,412		—		(294)		11,990
Amounts reclassified from AOCIL	175		—		—		88		263
Net current period other comprehensive income (loss)	11,047		1,412		—		(206)		12,253
Balances at end of period	$	(57,695)	$	(16,811)	$	(5,798)	$	(206)	$	(80,510)
2022
Balances at beginning of period	$	6,299	$	—	$	(5,798)	$	—	$	501
Other comprehensive loss before reclassifications	(65,417)		(19,870)		—		—		(85,287)
Amounts reclassified from AOCIL	(217)		—		—		—		(217)
Net current period other comprehensive loss	(65,634)		(19,870)		—		—		(85,504)
Balances at end of period	$	(59,335)	$	(19,870)	$	(5,798)	$	—	$	(85,003)

(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 June 30 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
	$	—	Net gains (losses) on securities available for sale
	—		Income tax expense
	$	—	Reclassifications, net of tax
Unrealized losses on derivative instruments
	$	27	Interest income
	5		Income tax expense
	$	22	Reclassifications, net of tax
	$	(22)	Total reclassifications for the period, net of tax
2022
Unrealized gains (losses) on securities available for sale
	$	(345)	Net gains (losses) on securities available for sale
	(73)		Income tax expense
	$	(272)	Reclassifications, net of tax

A summary of reclassifications out of each component of AOCIL for the six months ended June 30 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
	$	111	Interest income
	23		Income tax expense
	$	88	Reclassifications, net of tax
	$	(263)	Total reclassifications for the period, net of tax
2022
Unrealized gains (losses) on securities available for sale
	$	(275)	Net gains (losses) on securities available for sale
	(58)		Income tax expense
	$	(217)	Reclassifications, net of tax