| Schedule of Accumulated Other Comprehensive (Loss) |
A summary of changes in accumulated other comprehensive loss (‘‘AOCL’’), net of tax during the years ended December 31 follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Unrealized Losses on Securities AFS | | Unrealized Losses on Securities Transferred to Securities HTM (1) | | Dispropor-
tionate
Tax Effects
from
Securities
AFS | | Unrealized Gains (Losses) on Derivative Instruments | | Total | | (In thousands) | | 2025 | | | | | | | | | | | Balances at beginning of period | $ | (49,301) | | | $ | (12,775) | | | $ | (5,798) | | | $ | (2,070) | | | $ | (69,944) | | Other comprehensive income (loss) before reclassifications | 8,754 | | | 2,519 | | | — | | | (978) | | | 10,295 | | Amounts reclassified from AOCL | 293 | | | — | | | — | | | 1,668 | | | 1,961 | | Net current period other comprehensive income | 9,047 | | | 2,519 | | | — | | | 690 | | | 12,256 | | | Balances at end of period | $ | (40,254) | | | $ | (10,256) | | | $ | (5,798) | | | $ | (1,380) | | | $ | (57,688) | | | | | | | | | | | | | 2024 | | | | | | | | | | | Balances at beginning of period | $ | (51,113) | | | $ | (15,408) | | | $ | (5,798) | | | $ | 177 | | | $ | (72,142) | | Other comprehensive income (loss) before reclassifications | 1,474 | | | 2,633 | | | — | | | (3,326) | | | 781 | | Amounts reclassified from AOCL | 338 | | | — | | | — | | | 1,079 | | | 1,417 | | Net current period other comprehensive income (loss) | 1,812 | | | 2,633 | | | — | | | (2,247) | | | 2,198 | | | Balances at end of period | $ | (49,301) | | | $ | (12,775) | | | $ | (5,798) | | | $ | (2,070) | | | $ | (69,944) | | | | | | | | | | | | | 2023 | | | | | | | | | | | Balances at beginning of period | $ | (68,742) | | | $ | (18,223) | | | $ | (5,798) | | | $ | — | | | $ | (92,763) | | Other comprehensive income (loss) before reclassifications | 17,454 | | | 2,815 | | | — | | | (168) | | | 20,101 | | Amounts reclassified from AOCL | 175 | | | — | | | — | | | 345 | | | 520 | | Net current period other comprehensive income | 17,629 | | | 2,815 | | | — | | | 177 | | | 20,621 | | | Balances at end of period | $ | (51,113) | | | $ | (15,408) | | | $ | (5,798) | | | $ | 177 | | | $ | (72,142) | |
(1)Represents the remaining unrealized loss to be accreted on securities that were transferred from AFS to HTM on April 1, 2022.
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| Schedule of Reclassifications Out of Each Component of AOCIL |
A summary of reclassifications out of each component of AOCL for the years ended December 31 follows: | | | | | | | | | | | | | | | AOCL Component | | Reclassified From AOCL | | Affected Line Item in
Consolidated Statements of Operations | | | (In thousands) | | | | 2025 | | | | | Unrealized losses on securities available for sale | | $ | (370) | | | Net losses on securities available for sale | | | (77) | | | Income tax expense | | | (293) | | | Reclassifications, net of tax | | | | | | Unrealized gains (losses) on derivative instruments | | (2,088) | | | Interest income | | | 23 | | | Interest expense | | | (2,111) | | | | | | (443) | | | Income tax expense | | | (1,668) | | | Reclassifications, net of tax | | | | | | | | $ | (1,961) | | | Total reclassifications for the period, net of tax | | | | | | | 2024 | | | | | Unrealized losses on securities available for sale | | $ | (428) | | | Net losses on securities available for sale | | | (90) | | | Income tax expense | | | (338) | | | Reclassifications, net of tax | | | | | | Unrealized gains (losses) on derivative instruments | | (1,366) | | | Interest income | | | (287) | | | Income tax expense | | | (1,079) | | | Reclassifications, net of tax | | | | | | | | $ | (1,417) | | | Total reclassifications for the period, net of tax | | | | | | | 2023 | | | | | Unrealized losses on securities available for sale | | $ | (222) | | | Net losses on securities available for sale | | | (47) | | | Income tax expense | | | (175) | | | Reclassifications, net of tax | | | | | | Unrealized gains (losses) on derivative instruments | | (437) | | | Interest income | | | (92) | | | Income tax expense | | | (345) | | | Reclassifications, net of tax | | | | | | | | $ | (520) | | | Total reclassifications for the period, net of tax |
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