Accumulated Other Comprehensive (Loss) Income

12 Months Ended

Dec. 31, 2022

The following table illustrates the activity within accumulated other comprehensive (loss) income by component, net of tax:


(Dollars in thousands)	(Losses) Gains on Available-For-Sale and Transferred Debt Securities		(Losses) Gains on Derivatives Used for Cash Flow Hedges	Total
Balance at January 1, 2020	$	40,226	—	40,226
Other comprehensive income (loss) before reclassifications	104,067		(353)	103,714
Reclassification adjustments for gains included in net income	(850)		—	(850)

Net current period other comprehensive income (loss)	103,217		(353)	102,864
Balance at December 31, 2020	$	143,443	(353)	143,090
Other comprehensive (loss) income before reclassifications	(113,161)		674	(112,487)
Reclassification adjustments for gains and transfers included in net income	(590)		—	(590)
Reclassification adjustments for amortization included in net income for transferred securities	(2,654)		—	(2,654)
Net current period other comprehensive (loss) income	(116,405)		674	(115,731)
Balance at December 31, 2021	$	27,038	321	27,359
Other comprehensive (loss) income before reclassifications	(502,611)		5,836	(496,775)
Reclassification adjustments for gains and transfers included in net income	(999)		(611)	(1,610)
Reclassifications adjustments for amortization included in net income for transferred securities	2,234		—	2,234
Net current period other comprehensive (loss) income	(501,376)		5,225	(496,151)
Balance at December 31, 2022	$	(474,338)	5,546	(468,792)