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

9 Months Ended

Sep. 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 September 30,
2023
Balances at beginning of period	$	(57,695)	$	(16,811)	$	(5,798)	$	(206)	$	(80,510)
Other comprehensive income (loss) before reclassifications	(12,130)		696		—		(417)		(11,851)
Amounts reclassified from AOCIL	—		—		—		57		57
Net current period other comprehensive income (loss)	(12,130)		696		—		(360)		(11,794)
Balances at end of period	$	(69,825)	$	(16,115)	$	(5,798)	$	(566)	$	(92,304)
2022
Balances at beginning of period	$	(59,335)	$	(19,870)	$	(5,798)	$	—	$	(85,003)
Other comprehensive loss before reclassifications	(12,895)		853		—		—		(12,042)
Amounts reclassified from AOCIL	—		—		—		—		—
Net current period other comprehensive loss	(12,895)		853		—		—		(12,042)
Balances at end of period	$	(72,230)	$	(19,017)	$	(5,798)	$	—	$	(97,045)
For the nine months ended September 30,
2023
Balances at beginning of period	$	(68,742)	$	(18,223)	$	(5,798)	$	—	$	(92,763)
Other comprehensive income (loss) before reclassifications	(1,258)		2,108		—		(743)		107
Amounts reclassified from AOCIL	175		—		—		177		352
Net current period other comprehensive income (loss)	(1,083)		2,108		—		(566)		459
Balances at end of period	$	(69,825)	$	(16,115)	$	(5,798)	$	(566)	$	(92,304)
2022
Balances at beginning of period	$	6,299	$	—	$	(5,798)	$	—	$	501
Other comprehensive loss before reclassifications	(78,312)		(19,017)		—		—		(97,329)
Amounts reclassified from AOCIL	(217)		—		—		—		(217)
Net current period other comprehensive loss	(78,529)		(19,017)		—		—		(97,546)
Balances at end of period	$	(72,230)	$	(19,017)	$	(5,798)	$	—	$	(97,045)

(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 September 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
	$	72	Interest income
	15		Income tax expense
	$	57	Reclassifications, net of tax
	$	(57)	Total reclassifications for the period, net of tax
2022
Unrealized gains (losses) on securities available for sale
	$	—	Net gains (losses) on securities available for sale
	—		Income tax expense
	$	—	Reclassifications, net of tax

A summary of reclassifications out of each component of AOCIL for the nine months ended September 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
	$	224	Interest income
	47		Income tax expense
	$	177	Reclassifications, net of tax
	$	(352)	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