​

  ​ ​ ​

Equity 

  ​ ​ ​

Cash flow 

  ​ ​ ​

​

​

​

securities 

hedge 

​

​

​

​

reserve

reserve

​

Total

Balance at December 31, 2023

​

$

(91,643)

​

$

(7,312)

​

$

(98,955)

Net change in cash flow hedge reserve

​

​

—

​

​

1,176

​

​

1,176

Transfer of net gain on disposal of equity securities to retained earnings

​

​

(312)

​

​

—

​

​

(312)

Net change in fair value of equity securities

​

​

56,944

​

​

—

​

​

56,944

Balance at December 31, 2024

​

$

(35,011)

​

$

(6,136)

​

$

(41,147)

Net change in cash flow hedge reserve

​

​

—

​

​

1,176

​

​

1,176

Transfer of net gain on disposal of equity securities to retained earnings, net of tax

​

​

(227,199)

​

​

—

​

​

(227,199)

Net change in fair value of equity securities

​

​

679,091

​

​

—

​

​

679,091

Balance at December 31, 2025

​

$

416,881

​

$

(4,960)

​

$

411,921