Schedule of Changes in Accumulated Other Comprehensive Income (Loss) by Component |
The following tables present the changes in accumulated other comprehensive (loss) income by component, net of tax for the three and six months ended June 30, 2025 and June 30, 2024: | | | | | | | | | | | | | | | | | | | Net Unrealized Gain (Loss) on Available for Sale Securities | | Net Unrealized Gain (Loss) on Interest Rate Swaps | | Total | | (In thousands) | Balance at March 31, 2025 | $ | (2,916) | | | $ | 1,720 | | | $ | (1,196) | | Other comprehensive income (loss) before reclassifications, net of tax | 504 | | | (68) | | | 436 | | Amounts reclassified from accumulated other comprehensive (loss), net of tax | — | | | (143) | | | (143) | | Net other comprehensive income (loss) | 504 | | | (211) | | | 293 | | Balance at June 30, 2025 | $ | (2,412) | | | $ | 1,509 | | | $ | (903) | |
| | | | | | | | | | | | | | | | | | | Net Unrealized Gain (Loss) on Available for Sale Securities | | Net Unrealized Gain (Loss) on Interest Rate Swaps | | Total | | (In thousands) | Balance at March 31, 2024 | $ | (5,926) | | | $ | 4,207 | | | $ | (1,719) | | Other comprehensive income before reclassifications, net of tax | 304 | | | 420 | | | 724 | | Amounts reclassified from accumulated other comprehensive (loss), net of tax | — | | | (961) | | | (961) | | Net other comprehensive income (loss) | 304 | | | (541) | | | (237) | | Balance at June 30, 2024 | $ | (5,622) | | | $ | 3,666 | | | $ | (1,956) | |
| | | | | | | | | | | | | | | | | | | Net Unrealized Gain (Loss) on Available for Sale Securities | | Net Unrealized Gain (Loss) on Interest Rate Swaps | | Total | | (In thousands) | Balance at December 31, 2024 | $ | (3,832) | | | $ | 2,588 | | | $ | (1,244) | | Other comprehensive income (loss) before reclassifications, net of tax | 1,420 | | | (469) | | | 951 | | Amounts reclassified from accumulated other comprehensive (loss), net of tax | — | | | (610) | | | (610) | | Net other comprehensive income (loss) | 1,420 | | | (1,079) | | | 341 | | Balance at June 30, 2025 | $ | (2,412) | | | $ | 1,509 | | | $ | (903) | |
| | | | | | | | | | | | | | | | | | | Net Unrealized Gain (Loss) on Available for Sale Securities | | Net Unrealized Gain (Loss) on Interest Rate Swaps | | Total | | (In thousands) | Balance at December 31, 2023 | $ | (5,810) | | | $ | 4,146 | | | $ | (1,664) | | Other comprehensive income before reclassifications, net of tax | 188 | | | 1,695 | | | 1,883 | | Amounts reclassified from accumulated other comprehensive (loss), net of tax | — | | | (2,175) | | | (2,175) | | Net other comprehensive income (loss) | 188 | | | (480) | | | (292) | | Balance at June 30, 2024 | $ | (5,622) | | | $ | 3,666 | | | $ | (1,956) | |
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Schedule of Reclassified from Accumulated Other Comprehensive Income or Loss |
The following table provides information for the items reclassified from accumulated other comprehensive income or loss:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Accumulated Other Comprehensive Income Components | | Three Months Ended June 30, | | Six Months Ended June 30, | | Associated Line Item in the Consolidated Statements of Income | | 2025 | | 2024 | | 2025 | | 2024 | | | | (In thousands) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Derivatives: | | | | | | | | | | | Unrealized gains on derivatives | | $ | 187 | | | $ | 1,257 | | | $ | 799 | | | $ | 2,514 | | | Interest expense on borrowings | Tax expense | | (44) | | | (296) | | | (189) | | | (339) | | | Income tax expense | Net of tax | | $ | 143 | | | $ | 961 | | | $ | 610 | | | $ | 2,175 | | | |
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