| Activity within accumulated other comprehensive income, net of tax |
The following table illustrates the activity within accumulated other comprehensive loss by component, net of tax: | | | | | | | | | | | | | | | | | | | (Dollars in thousands) | (Losses) Gains on Available-For-Sale and Transferred Debt Securities | | (Losses) Gains on Derivatives Used for Cash Flow Hedges | | Total | | Balance at January 1, 2024 | $ | (377,728) | | | 3,615 | | | (374,113) | | | Other comprehensive income before reclassifications | 19,188 | | | 695 | | | 19,883 | | | Reclassification adjustments for losses and transfers included in net income | (22) | | | (1,910) | | | (1,932) | | | Reclassification adjustments for amortization included in net income for transferred securities | 1,511 | | | — | | | 1,511 | | | Net current period other comprehensive income (loss) | 20,677 | | | (1,215) | | | 19,462 | | | Balance at June 30, 2024 | $ | (357,051) | | | 2,400 | | | (354,651) | | | Balance at January 1, 2025 | $ | (309,836) | | | 540 | | | (309,296) | | | Other comprehensive income (loss) before reclassifications | 68,991 | | | (493) | | | 68,498 | | | Reclassification adjustments for losses and transfers included in net income | — | | | (47) | | | (47) | | | Reclassification adjustments for amortization included in net income for transferred securities | 2,190 | | | — | | | 2,190 | | | Net current period other comprehensive income (loss) | 71,181 | | | (540) | | | 70,641 | | | Balance at June 30, 2025 | $ | (238,655) | | | — | | | (238,655) | |
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