Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2022

Comprehensive Income [Abstract]

Components Of OCI And Related Tax Effects

	Six Months Ended				Three Months Ended
	June 30,				June 30,
(in thousands)	2022		2021		2022		2021
Change in net unrealized holding gains or losses on
available-for-sale securities:
Change arising during the period	$	(65,217)	$	(3,514)	$	(23,661)	$	3,747
Reclassification adjustment for gains included in net income (1)		—		(606)		—		—
		(65,217)		(4,120)		(23,661)		3,747
Tax effect		(20,090)		(1,158)		(7,290)		1,153
		(45,127)		(2,962)		(16,371)		2,594
Change in unrealized loss on derivative instruments:
Amount of gain (loss) during the period		1,324		267		76		(33)
Reclassification adjustment for net interest expense
included in net income (2)		426		2,233		127		919
		1,750		2,500		203		886
Tax effect		538		726		63		273
		1,212		1,774		140		613
Other comprehensive income (loss)	$	(43,915)	$	(1,188)	$	(16,231)	$	3,207

(1) Represents net realized gains arising from the sale of AFS securities. These net gains are included in the consolidated statements of income in the line item “Net gains on sales of securities.”

(2) Represents the net interest expense recorded on derivative transactions and included in the consolidated statements of income under “Interest expense.”

Components Of Accumulated OCI, Net Of Tax

			Current
	Balance		Period		Balance
(in thousands)	12/31/21		Change		6/30/22
Unrealized holding gains (losses) on available-for-sale securities	$	1,955	$	(45,127)	$	(43,172)
Unrealized actuarial loss on pension plan		(3,056)		—		(3,056)
Unrealized loss on derivative instruments		(1,212)		1,212		—
Accumulated other comprehensive loss, net of tax	$	(2,313)	$	(43,915)	$	(46,228)