Accumulated Other Comprehensive Loss |
Accumulated Other Comprehensive Loss The components of accumulated other comprehensive loss, included in shareholders' equity, for the six months ended June 30, 2025 and 2024, respectively, are presented in the table below.
| | | | | | | | | | | | | | | | | | | | | | | | | | | (amounts in thousands) | | Unrealized Losses On Debt Securities | | Unrealized Losses On Debt Securities Transferred From Available-For-Sale To Held-To-Maturity | | Cash Flow Hedges | | Total | Balance, January 1, 2025 | | $ | (30,413) | | | $ | (2,240) | | | $ | — | | | $ | (32,653) | | Other comprehensive income before reclassifications from accumulated other comprehensive loss before tax | | 7,660 | | | — | | | — | | | 7,660 | | Reclassifications from accumulated other comprehensive income to earnings before tax | | — | | | 252 | | | — | | | 252 | | | | | | | | | | | Other comprehensive gain before tax | | 7,660 | | | 252 | | | — | | | 7,912 | | Income tax provision | | 1,761 | | | 65 | | | — | | | 1,826 | | Other comprehensive income - net of tax | | 5,899 | | | 187 | | | — | | | 6,086 | | Balance, June 30, 2025 | | $ | (24,514) | | | $ | (2,053) | | | $ | — | | | $ | (26,567) | | | | | | | | | | | Balance, January 1, 2024 | | $ | (30,174) | | | $ | (2,939) | | | $ | 3,738 | | | $ | (29,375) | | Other comprehensive (loss) income before reclassifications from accumulated other comprehensive loss before tax | | (2,625) | | | — | | | 640 | | | (1,985) | | Reclassifications from accumulated other comprehensive loss to earnings before tax | | — | | | 422 | | — | | | 422 | | Other comprehensive (loss) gain before tax | | (2,625) | | | 422 | | | 640 | | | (1,563) | | Income tax (benefit) provision | | (601) | | | 103 | | | 147 | | | (351) | | Other comprehensive (loss) income - net of tax | | (2,024) | | | 319 | | | 493 | | | (1,212) | | Balance, June 30, 2024 | | $ | (32,198) | | | $ | (2,620) | | | $ | 4,231 | | | $ | (30,587) | | | | | | | | | | |
The components of accumulated other comprehensive loss, included in stockholders' equity, for the three months ended June 30, 2025 and 2024, respectively, are presented in the table below.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (amounts in thousands) | | Unrealized Losses On Debt Securities | | Unrealized Losses On Debt Securities Transferred From Available-For-Sale To Held-To-Maturity | | Cash Flow Hedges | | Total | Balance, April 1, 2025 | | $ | (27,006) | | | $ | (2,151) | | | $ | — | | | $ | (29,157) | | Other comprehensive income before reclassifications from accumulated other comprehensive loss before tax | | 3,236 | | | — | | | — | | | 3,236 | | Reclassifications from accumulated other comprehensive loss to earnings before tax | | — | | | 132 | | | | | 132 | | | | | | | | | | | Other comprehensive gain before tax | | 3,236 | | | 132 | | | — | | | 3,368 | | Income tax provision | | 744 | | | 34 | | | — | | | 778 | | Other comprehensive income - net of tax | | 2,492 | | | 98 | | | — | | | 2,590 | | Balance, June 30, 2025 | | $ | (24,514) | | | $ | (2,053) | | | $ | — | | | $ | (26,567) | | | | | | | | | | | Balance, April 1, 2024 | | $ | (31,773) | | | $ | (2,762) | | | $ | 4,433 | | | (30,102) | | Other comprehensive (loss) before reclassifications from accumulated other comprehensive loss before tax | | (551) | | | — | | | (262) | | | (813) | | Reclassifications from accumulated other comprehensive loss to earnings before tax | | — | | | 188 | | — | | | 188 | | Other comprehensive (loss) gain before tax | | (551) | | | 188 | | | (262) | | | (625) | | Income tax (benefit) provision | | (126) | | | 46 | | | (60) | | | (140) | | Other comprehensive (loss) income - net of tax | | (425) | | | 142 | | | (202) | | | (485) | | Balance, June 30, 2024 | | $ | (32,198) | | | $ | (2,620) | | | $ | 4,231 | | | $ | (30,587) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Amounts Reclassified from Accumulated Other Comprehensive Loss for the Three Months Ended | | Amounts Reclassified from Accumulated Other Comprehensive Loss for the Six Months Ended | | Affected Line Item in the Statements of Operations | (amounts in thousands) | | June 30, 2025 | | June 30, 2024 | | June 30, 2025 | | June 30, 2024 | | Details About Accumulated Other Comprehensive Loss Components | | | | | | Reclassifications from accumulated other comprehensive income to earnings before tax | | $ | (132) | | | (188) | | | $ | (252) | | | $ | (422) | | | Interest income | Total amount reclassified before tax | | (132) | | | (188) | | | (252) | | | (422) | | | (Loss) income before income taxes | Tax benefit | | (34) | | | (46) | | | (65) | | | (103) | | | Income tax (benefit) provision | Total reclassifications from accumulated other comprehensive loss | | $ | (98) | | | $ | (142) | | | $ | (187) | | | $ | (319) | | | Net income |
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