OTHER COMPREHENSIVE INCOME (Tables)

9 Months Ended

Sep. 30, 2022

OTHER COMPREHENSIVE INCOME

Summary of OCI components and related tax effects

	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)

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