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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Statement of Comprehensive Income [Abstract]        
Net Income $ 31,249 $ 32,755 $ 43,076 $ 53,343
Other comprehensive income (loss):        
Unrealized losses on available-for-sale securities, net of tax benefit of $7.1 million and $1.2 million for the three and six months ended June 30, 2023, respectively, and net of tax benefit of $16.0 million and $36.6 million for the three and six months ended June 30, 2022, respectively (22,215) (50,473) (3,699) (116,485)
Amortization of unrealized (gains) losses on securities transferred to held-to-maturity, net of tax benefit of $3 thousand and $6 thousand for the three and six months ended June 30, 2023, respectively, and net of tax benefit of $7 thousand and nominal tax expense for the three and six months ended June 30, 2022, respectively (11) (34) (21) 2
Reclassification adjustment for gains included in net income, net of tax expense of $1 thousand for the six months ended June 30, 2023 0 0 (4) 0
Unrealized gains on derivatives designated as fair value hedges, net of reclassifications to income, net of tax expense of $1.6 million for the three and six months ended June 30, 2023, respectively 4,732 0 4,732 0
Unrealized gains (losses) on derivatives designated as cash flow hedges, net of reclassifications to income, net of tax expense of $38 thousand and $71 thousand for the three and six months ended June 30, 2023, respectively, and net of tax expense of $3 thousand and net of tax benefit of $19 thousand for the three and six months ended June 30, 2022, respectively 103 9 201 (55)
Total other comprehensive income (loss) (17,391) (50,498) 1,209 (116,538)
Comprehensive Income (Loss) $ 13,858 $ (17,743) $ 44,285 $ (63,195)