OTHER COMPREHENSIVE INCOME

9 Months Ended

Sep. 30, 2022

OTHER COMPREHENSIVE INCOME

OTHER COMPREHENSIVE INCOME

14. OTHER COMPREHENSIVE INCOME

OCI components and related tax effects were as follows:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in thousands)	2022		2021		2022		2021
Available-for-Sale Debt Securities:
Unrealized losses on AFS debt securities	$	(15,510)	$	(1,899)	$	(46,892)	$	(4,542)
Unrealized gain on AFS debt security for which a portion of OTTI has been recognized in earnings		1		13		10		62
Net losses		(15,509)		(1,886)		(46,882)		(4,480)
Tax effect		3,875		471		11,720		1,119
Net of tax		(11,634)		(1,415)	$	(35,162)	$	(3,361)

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

			2022
(in thousands)	December 31, 2021		Change		September 30, 2022
Unrealized gain (loss) on AFS debt securities	$	890	$	(35,169)	$	(34,279)
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	$	(35,162)	$	(33,288)

			2021
(in thousands)	December 31, 2020		Change		September 30, 2021
Unrealized gain (loss) on AFS debt securities	$	7,571	$	(3,407)	$	4,164
Unrealized gain on AFS debt security for which a portion of OTTI has been recognized in earnings		938		46		984
Total unrealized gain (loss)	$	8,509	$	(3,361)	$	5,148