Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2023

The components of other comprehensive income (loss) are as follows:


	For the Three Months Ended
	September 30, 2023						September 30, 2022
(in thousands)	Before Tax Amount		Tax Benefit		Net of Tax Amount		Before Tax Amount		Tax Benefit		Net of Tax Amount
Unrealized losses on available for sale securities arising during the period	$	(13,104)	$	3,521	$	(9,583)	$	(38,037)	$	10,065	$	(27,972)



Amortization of gain on debt securities reclassified to held to maturity from available for sale	(152)		41		(111)		(187)		50		(137)


Other comprehensive loss, net	$	(13,256)	$	3,562	$	(9,694)	$	(38,224)	$	10,115	$	(28,109)


	For the Nine Months Ended
	September 30, 2023						September 30, 2022
(in thousands)	Before Tax Amount		Tax Benefit		Net of Tax Amount		Before Tax Amount		Tax Benefit		Net of Tax Amount
Unrealized losses on available for sale securities arising during the period	$	(15,174)	$	4,173	$	(11,001)	$	(106,759)	$	28,134	$	(78,625)



Amortization of gain on debt securities reclassified to held to maturity from available for sale	(498)		134		(364)		(566)		146		(420)


Other comprehensive loss, net	$	(15,672)	$	4,307	$	(11,365)	$	(107,325)	$	28,280	$	(79,045)

The following tables show the changes in the balances of each of the components of other comprehensive income (loss) for the periods presented, net of tax:


	For the Three Months Ended September 30, 2023
(in thousands)	Unrealized Losses on Available for Sale Securities		Amortization of Gain on Debt Securities Reclassified to Held to Maturity		Total
Beginning balance	$	(78,147)	$	1,715	$	(76,432)

Net current period other comprehensive loss	(9,583)		(111)		(9,694)


Ending balance	$	(87,730)	$	1,604	$	(86,126)


	For the Three Months Ended September 30, 2022
(in thousands)	Unrealized Losses on Available for Sale Securities		Amortization of Gain on Debt Securities Reclassified to Held to Maturity		Total
Beginning balance	$	(49,908)	$	2,236	$	(47,672)

Net current period other comprehensive loss	(27,972)		(137)		(28,109)


Ending balance	$	(77,880)	$	2,099	$	(75,781)


	For the For the Nine Months Ended September 30, 2023
(in thousands)	Unrealized Losses on Available for Sale Securities		Amortization of Gain on Debt Securities Reclassified to Held to Maturity		Total
Beginning balance	$	(76,729)	$	1,968	$	(74,761)

Net current period other comprehensive loss	(11,001)		(364)		(11,365)


Ending balance	$	(87,730)	$	1,604	$	(86,126)


	For the For the Nine Months Ended September 30, 2022
(in thousands)	Unrealized Gains (Losses) on Available for Sale Securities		Amortization of Gain on Debt Securities Reclassified to Held to Maturity		Total
Beginning balance	$	745	$	2,519	$	3,264

Net current period other comprehensive loss	(78,625)		(420)		(79,045)


Ending balance	$	(77,880)	$	2,099	$	(75,781)