OTHER COMPREHENSIVE INCOME

6 Months Ended

Jun. 30, 2024

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)	2024		2023		2024		2023
Available-for-Sale Debt Securities:
Unrealized gain (loss) on AFS debt securities	$	2,043	$	(4,390)	$	2,692	$	820
Net gains (losses)		2,043		(4,390)		2,692		820
Income tax benefit (expense) related to items of other comprehensive income		(511)		1,096		(674)		(209)
Net of tax		1,532		(3,294)	$	2,018	$	611
Derivatives:
Change in fair value of derivatives		(446)		—		(446)		—
Reclassification amount for net derivative losses realized in income		(91)		—		(91)		—
Net gains (losses)		(537)		—		(537)		—
Tax effect		134		—		134		—
Net of tax		(403)		—		(403)		—
Total other comprehensive (loss) income components, net of tax	$	1,129	$	(3,294)	$	1,615	$	611

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

			2024
(in thousands)	December 31, 2023		Change		June 30, 2024
Unrealized gain (loss) on AFS debt securities	$	(20,408)	$	2,018	$	(18,390)
Unrealized gain (loss) on derivatives		—		(403)		(403)
Total unrealized gain (loss)	$	(20,408)	$	1,615	$	(18,793)

			2023
(in thousands)	December 31, 2022		Change		June 30, 2023
Unrealized gain (loss) on AFS debt securities	$	(31,979)	$	611	$	(31,368)
Unrealized gain (loss) on derivatives		—		—		—
Total unrealized gain (loss)	$	(31,979)	$	611	$	(31,368)