v3.25.2
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
The following table summarizes the changes within each classification of AOCI, net of tax:
(dollars in thousands)Unrealized gains and losses on investment securities available for saleUnrealized gains and losses on cash flow hedgesTotal
Changes in AOCI for the year ended December 31, 2024
Balance, beginning of period$(71,508)$(5,245)$(76,753)
Other comprehensive income (loss) before reclassifications(7,577)(1,276)(8,853)
Amounts reclassified from AOCI to income(1)
64 3,582 3,646 
Balance, end of period$(79,021)$(2,939)$(81,960)
Changes in AOCI for the year ended December 31, 2023
Balance, beginning of period$(76,499)$(7,298)$(83,797)
Other comprehensive income (loss) before reclassifications(1,900)(1,740)(3,640)
Amounts reclassified from AOCI to income(1)
6,891 3,793 10,684 
Balance, end of period$(71,508)$(5,245)$(76,753)
Changes in AOCI for the year ended December 31, 2022
Balance, beginning of period$1,543 $3,694 $5,237 
Other comprehensive income (loss) before reclassifications(78,048)1,887 (76,161)
Amounts reclassified from AOCI to income(1)
(12,879)(12,873)
Balance, end of period$(76,499)$(7,298)$(83,797)
(1)See table below for details about reclassifications to income.
The following table summarizes the significant amounts reclassified out of each component of AOCI:
Years Ended December 31,
(dollars in thousands)202420232022
Details about AOCI componentsAmounts reclassified from AOCIAffected line item in the statement of income
Unrealized gains and losses on investment securities available for sale$142 $— $— Interest income (expense)
— — 221 Recapture of credit losses
(230)(9,372)(230)Loss on sales of investment securities, net
24 2,481 Income tax (expense) benefit
$(64)$(6,891)$(6)Net income
Gains and losses on cash flow hedges$(4,891)$(5,264)$113 Interest income (expense)
— — 17,531 Other noninterest income
1,309 1,471 (4,765)Income tax (expense) benefit
$(3,582)$(3,793)$12,879 Net income