Schedule of 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 sale | | Unrealized gains and losses on cash flow hedges | | Total | 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) | 6 | | | (12,879) | | | (12,873) | | Balance, end of period | $ | (76,499) | | | $ | (7,298) | | | $ | (83,797) | |
(1)See table below for details about reclassifications to income
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Schedule of Reclassification out of Accumulated Other Comprehensive Income |
The following table summarizes the significant amounts reclassified out of each component of AOCI: | | | | | | | | | | | | | | | | | | | | | | Years Ended December 31, | | (dollars in thousands) | 2024 | | 2023 | | 2022 | | Details about AOCI components | Amounts reclassified from AOCI | Affected 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 | | | 3 | | 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 |
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