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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Statement of Comprehensive Income [Abstract]        
Net Income $ 30,651 $ 31,414 $ 86,901 $ 74,490
Other comprehensive income (loss):        
Unrealized gains (losses) on available-for-sale securities, net of tax expense of $14.4 million and $10.6 million for the three and nine months ended September 30, 2024, respectively, and net of tax benefit of $8.1 million and $9.3 million for the three and nine months ended September 30, 2023, respectively 44,972 (26,065) 33,477 (29,764)
Amortization of unrealized losses on securities transferred to held-to-maturity, net of tax benefit of $3 thousand and $11 thousand for the three and nine months ended September 30, 2024, respectively, and net of tax benefit of $3 thousand and $10 thousand for the three and nine months ended September 30, 2023, respectively (11) (11) (31) (32)
Reclassification adjustment for losses (gains) included in net income, net of tax benefit of $68 thousand and $1.0 million for the three and nine months ended September 30, 2024, respectively, and net of tax expense of $1 thousand for the nine months ended September 30, 2023 201 0 3,006 (4)
Unrealized (losses) gains on derivatives designated as fair value hedges, net of reclassifications to income, net of tax benefit of $0.8 million and $0.6 million for the three and nine months ended September 30, 2024, respectively, and net of tax expense of $0.2 million and $1.8 million for the three and nine months ended September 30, 2023, respectively (2,322) 504 (1,744) 5,236
Unrealized gains on derivatives designated as cash flow hedges, net of reclassifications to income, net of tax expense of $43 thousand and $114 thousand for the three and nine months ended September 30, 2023, respectively 0 125 0 326
Total other comprehensive income (loss) 42,840 (25,447) 34,708 (24,238)
Comprehensive Income $ 73,491 $ 5,967 $ 121,609 $ 50,252