Accumulated Other Comprehensive (Loss) Income (Tables)

6 Months Ended

Jun. 30, 2024

Equity [Abstract]

Activity within accumulated other comprehensive (loss) income, net of tax

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, 2023	$	(474,338)	5,546	(468,792)
Other comprehensive income before reclassifications	35,749		1,410	37,159
Reclassification adjustments for gains (losses) and transfers included in net income	24		(1,560)	(1,536)
Reclassification adjustments for amortization included in net income for transferred securities	2,382		—	2,382
Net current period other comprehensive income (loss)	38,155		(150)	38,005
Balance at June 30, 2023	$	(436,183)	5,396	(430,787)
Balance at January 1, 2024	$	(377,728)	3,615	(374,113)
Other comprehensive income before reclassifications	19,188		695	19,883
Reclassification adjustments for losses and transfers included in net income	(22)		(1,910)	(1,932)
Reclassification adjustments for amortization included in net income for transferred securities	1,511		—	1,511
Net current period other comprehensive income (loss)	20,677		(1,215)	19,462
Balance at June 30, 2024	$	(357,051)	2,400	(354,651)