OTHER COMPREHENSIVE INCOME

6 Months Ended

Jun. 30, 2022

OTHER COMPREHENSIVE INCOME

OTHER COMPREHENSIVE INCOME

14. OTHER COMPREHENSIVE INCOME

OCI components and related tax effects were as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands)	2022		2021		2022		2021
Available-for-Sale Debt Securities:
Unrealized losses on AFS debt securities	$	(10,133)	$	(614)	$	(31,382)	$	(2,643)
Unrealized gain (loss) on AFS debt security for which a portion of OTTI has been recognized in earnings		(15)		34		9		49
Net losses		(10,148)		(580)		(31,373)		(2,594)
Tax effect		2,537		145		7,845		648
Net of tax		(7,611)		(435)	$	(23,528)	$	(1,946)

The following is a summary of the AOCI balances, net of tax:

			2022
(in thousands)	December 31, 2021		Change		June 30, 2022
Unrealized gain (loss) on AFS debt securities	$	890	$	(23,535)	$	(22,645)
Unrealized gain on AFS debt security for which a portion of OTTI has been recognized in earnings		984		7		991
Total unrealized gain (loss)	$	1,874	$	(23,528)	$	(21,654)

			2021
(in thousands)	December 31, 2020		Change		June 30, 2021
Unrealized gain on AFS debt securities	$	7,571	$	(1,982)	$	5,589
Unrealized gain on AFS debt security for which a portion of OTTI has been recognized in earnings		938		36		974
Total unrealized gain (loss)	$	8,509	$	(1,946)	$	6,563