The following table presents the changes in accumulated other comprehensive income (loss) by component for the three months ended March 31, 2026 and 2025. Amounts in parentheses indicate reductions to AOCI:



	Three Months Ended March 31, 2026
(amounts in thousands)	Unrealized Gains (Losses) on Available for Sale Securities (1)		Unrealized Gains (Losses) on Cash Flow Hedges (2)		Total
Balance at January 1	$	(57,012)	$	2,962	$	(54,050)



Unrealized gains (losses) arising during period, before tax	5,120		(6,944)		(1,824)
Income tax effect	(1,356)		1,840		484
Other comprehensive income (loss) before reclassifications	3,764		(5,104)		(1,340)
Reclassification adjustments for (gains) losses included in net income, before tax	(355)		467		112
Income tax effect	94		(124)		(30)
Amounts reclassified from accumulated other comprehensive income (loss) to net income	(261)		343		82
Amortization of unrealized loss on securities transferred from available for sale to held to maturity	887		—		887
Income tax effect	(236)		—		(236)
Amortization of unrealized loss on securities transferred from available for sale to held to maturity	651		—		651
Net current-period other comprehensive income (loss)	4,154		(4,761)		(607)
Balance at March 31	$	(52,858)	$	(1,799)	$	(54,657)



	Three Months Ended March 31, 2025
(amounts in thousands)	Unrealized Gains (Losses) on Available for Sale Securities (1)		Unrealized Gains (Losses) on Cash Flow Hedges (2)		Total
Balance at January 1	$	(96,560)	$	—	$	(96,560)



Unrealized gains (losses) arising during period, before tax	(13,249)		—		(13,249)
Income tax effect	3,484		—		3,484
Other comprehensive income (loss) before reclassifications	(9,765)		—		(9,765)
Reclassification adjustments for (gains) losses included in net income, before tax	51,319		—		51,319
Income tax effect	(13,497)		—		(13,497)
Amounts reclassified from accumulated other comprehensive income (loss) to net income	37,822		—		37,822
Amortization of unrealized loss on securities transferred from available for sale to held to maturity	1,169		—		1,169
Income tax effect	(307)		—		(307)
Amortization of unrealized loss on securities transferred from available for sale to held to maturity	862		—		862
Net current-period other comprehensive income (loss)	28,919		—		28,919
Balance at March 31	$	(67,641)	$	—	$	(67,641)

(1) Reclassification amounts for AFS debt securities are reported as net gain (loss) on sale of investment securities or impairment loss on debt securities, and amortization of unrealized losses on debt securities transferred from available-for-sale to held-to-maturity is reported within interest income on the consolidated statements of income.


	Amount of Gain (Loss) Recognized in OCI on Derivatives (1)				Location of Gain (Loss) Reclassified from AOCI into Income	Amount of Gain (Loss) Reclassified from AOCI into Income
	Three Months Ended March 31,					Three Months Ended March 31,
(amounts in thousands)	2026		2025			2026		2025
Derivatives in cash flow hedging relationships:
Interest rate swaps	$	(5,104)	$	—	Interest income	$	(467)	$	—

(1) Amounts presented are net of taxes. Refer to NOTE 4 – CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) for the total effect on other comprehensive income (loss) from derivatives designated as cash flow hedges for the periods presented.