| Change in Accumulated Other Comprehensive Income |
The change in AOCI for the three and six months ended June 30, 2025 is summarized as follows, net of tax (dollars in thousands): | | | | | | | | | | | | | | | | | | | | | Unrealized Gains | | | | | | | | | | | | | | | (Losses) | | | | | | | | | | | | Unrealized | | for AFS | | | | | Unrealized | | | | | | Gains (Losses) | | Securities | | Change in Fair | | Gains | | | | | | on AFS | | Transferred to | | Value of Cash | | (Losses) on | | | | | | Securities | | HTM | | Flow Hedge | | BOLI | | Total | AOCI (loss) – March 31, 2025 | | $ | (301,307) | | $ | — | | $ | (32,742) | | $ | 334 | | $ | (333,715) | Other comprehensive (loss) income: | | | | | | | | | | | | | | | | Other comprehensive income before reclassification | | | 6,946 | | | — | | | 6,202 | | | — | | | 13,148 | Amounts reclassified from AOCI into earnings | | | (12) | | | — | | | — | | | (207) | | | (219) | Net current period other comprehensive income (loss) | | | 6,934 | | | — | | | 6,202 | | | (207) | | | 12,929 | AOCI (loss) – June 30, 2025 | | $ | (294,373) | | $ | — | | $ | (26,540) | | $ | 127 | | $ | (320,786) |
| | | | | | | | | | | | | | | | | | | | | Unrealized Gains | | | | | | | | | | | | | | | (Losses) | | | | | | | | | | | | Unrealized | | for AFS | | | | | Unrealized | | | | | | Gains (Losses) | | Securities | | Change in Fair | | Gains | | | | | | on AFS | | Transferred to | | Value of Cash | | (Losses) on | | | | | | Securities | | HTM | | Flow Hedge | | BOLI | | Total | AOCI (loss) – December 31, 2024 | | $ | (317,142) | | $ | — | | $ | (43,078) | | $ | 534 | | $ | (359,686) | Other comprehensive (loss) income: | | | | | | | | | | | | | | | | Other comprehensive income (loss) before reclassification | | | 22,702 | | | — | | | 16,538 | | | (10) | | | 39,230 | Amounts reclassified from AOCI into earnings | | | 67 | | | — | | | — | | | (397) | | | (330) | Net current period other comprehensive income (loss) | | | 22,769 | | | — | | | 16,538 | | | (407) | | | 38,900 | AOCI (loss) – June 30, 2025 | | $ | (294,373) | | $ | — | | $ | (26,540) | | $ | 127 | | $ | (320,786) |
The change in AOCI for the three and six months ended June 30, 2024 is summarized as follows, net of tax (dollars in thousands): | | | | | | | | | | | | | | | | | | | | | Unrealized Gain | | | | | | | | | | | | | | | (Losses) | | | | | | | | | | | | Unrealized | | for AFS | | | | | Unrealized | | | | | | Gains (Losses) | | Securities | | Change in Fair | | Gains | | | | | | on AFS | | Transferred to | | Value of Cash | | (Losses) | | | | | | Securities | | HTM | | Flow Hedge | | on BOLI | | Total | AOCI (loss) – March 31, 2024 | | $ | (323,035) | | $ | 4 | | $ | (52,418) | | $ | 1,151 | | $ | (374,298) | Other comprehensive (loss) income: | | | | | | | | | | | | | | | | Other comprehensive loss before reclassification | | | (12,917) | | | — | | | (357) | | | — | | | (13,274) | Amounts reclassified from AOCI into earnings | | | 5,148 | | | (3) | | | — | | | (160) | | | 4,985 | Net current period other comprehensive loss | | | (7,769) | | | (3) | | | (357) | | | (160) | | | (8,289) | AOCI (loss) – June 30, 2024 | | $ | (330,804) | | $ | 1 | | $ | (52,775) | | $ | 991 | | $ | (382,587) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Unrealized Gain | | | | | | | | | | | | | | | (Losses) | | | | | | | | | | | | Unrealized | | for AFS | | | | | Unrealized | | | | | | Gains (Losses) | | Securities | | Change in Fair | | Gains | | | | | | on AFS | | Transferred to | | Value of Cash | | (Losses) | | | | | | Securities | | HTM | | Flow Hedge | | on BOLI | | Total | AOCI (loss) – December 31, 2023 | | $ | (302,532) | | $ | 6 | | $ | (42,165) | | $ | 1,342 | | $ | (343,349) | Other comprehensive (loss) income: | | | | | | | | | | | | | | | | Other comprehensive loss before reclassification | | | (33,417) | | | — | | | (10,610) | | | (16) | | | (44,043) | Amounts reclassified from AOCI into earnings | | | 5,145 | | | (5) | | | — | | | (335) | | | 4,805 | Net current period other comprehensive loss | | | (28,272) | | | (5) | | | (10,610) | | | (351) | | | (39,238) | AOCI (loss) – June 30, 2024 | | $ | (330,804) | | $ | 1 | | $ | (52,775) | | $ | 991 | | $ | (382,587) |
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