Accumulated Other Comprehensive (Loss) Income

9 Months Ended

Sep. 30, 2024

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 (losses) income before reclassifications	(34,364)		1,898	(32,466)
Reclassification adjustments for gains (losses) and transfers included in net income	24		(2,490)	(2,466)
Reclassification adjustments for amortization included in net income for transferred securities	3,357		—	3,357
Net current period other comprehensive income (loss)	(30,983)		(592)	(31,575)
Balance at September 30, 2023	$	(505,321)	4,954	(500,367)
Balance at January 1, 2024	$	(377,728)	3,615	(374,113)
Other comprehensive income before reclassifications	111,704		652	112,356
Reclassification adjustments for losses and transfers included in net income	(42)		(2,888)	(2,930)
Reclassification adjustments for amortization included in net income for transferred securities	2,381		—	2,381
Net current period other comprehensive income (loss)	114,043		(2,236)	111,807
Balance at September 30, 2024	$	(263,685)	1,379	(262,306)