| OTHER COMPREHENSIVE INCOME |
13. OTHER COMPREHENSIVE INCOME OCI components and related tax effects were as follows: | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | | June 30, | | June 30, | | (in thousands) | | 2025 | | 2024 | | 2025 | | 2024 | | | | | | | | | | | | | | | | Available-for-Sale Debt Securities: | | | | | | | | | | | | | | Unrealized gain on AFS debt securities | | $ | 3,583 | | $ | 2,043 | | $ | 8,500 | | $ | 2,692 | | Income tax expense related to items of other comprehensive income | | | (896) | | | (511) | | | (2,125) | | | (674) | | Net of tax | | | 2,687 | | | 1,532 | | $ | 6,375 | | $ | 2,018 | | | | | | | | | | | | | | | | Derivatives: | | | | | | | | | | | | | | Change in fair value of derivatives | | | (733) | | | (446) | | | (2,173) | | | (446) | | Reclassification amount for net derivative losses realized in income | | | (45) | | | (91) | | | (91) | | | (91) | | Net losses | | | (778) | | | (537) | | | (2,264) | | | (537) | | Tax effect | | | 195 | | | 134 | | | 566 | | | 134 | | Net of tax | | | (583) | | | (403) | | | (1,698) | | | (403) | | | | | | | | | | | | | | | | Total other comprehensive income components, net of tax | | $ | 2,104 | | $ | 1,129 | | $ | 4,677 | | $ | 1,615 | |
The following is a summary of the AOCI balances, net of tax: | | | | | | | | | | | | | | | Change | | | | (in thousands) | | December 31, 2024 | | Six Months Ended June 30, 2025 | | June 30, 2025 | | | | | | | | | | | Unrealized gain (loss) on AFS debt securities | | $ | (13,753) | | $ | 6,375 | | $ | (7,378) | Unrealized loss on derivatives | | | (485) | | | (1,698) | | | (2,183) | Total unrealized gain (loss) | | $ | (14,238) | | $ | 4,677 | | $ | (9,561) |
| | | | | | | | | | | | | | | Change | | | | (in thousands) | | December 31, 2023 | | Six Months Ended June 30, 2024 | | June 30, 2024 | | | | | | | | | | | Unrealized gain (loss) on AFS debt securities | | $ | (20,408) | | $ | 2,018 | | $ | (18,390) | Unrealized gain (loss) on derivatives | | | — | | | (403) | | | (403) | Total unrealized gain (loss) | | $ | (20,408) | | $ | 1,615 | | $ | (18,793) |
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