| ACCUMULATED OTHER COMPREHENSIVE LOSS Accumulated other comprehensive loss, net of income taxes, as of March 31, 2026 and December 31, 2025 consisted of: | | | | | | | | | | | | | March 31, | | December 31, | | | | | | 2026 | | 2025 | | (In thousands) | | Unrealized loss on securities available-for-sale | $ | (38,565) | | | $ | (18,443) | | | Income tax effect of unrealized loss on securities available-for-sale | 4,992 | | | 1,537 | | | Net unrealized loss on securities available-for-sale | (33,573) | | | (16,906) | | | | | | | | | | | | | | | Accumulated other comprehensive loss, net of income taxes | $ | (33,573) | | | $ | (16,906) | |
The following table presents changes in accumulated other comprehensive loss by component, net of taxes, for the quarters ended March 31, 2026 and 2025: | | | | | | | | | | | | | | | | | | | | | Net unrealized loss on securities available-for-sale | | Quarter Ended March 31, | | | | | | 2026 | | 2025 | | | | | | | | | | | | | | | | | | (In thousands) | | | | Beginning balance | $ | (16,906) | | | | | | | $ | (89,839) | | | | | | | Other comprehensive (loss) income before reclassifications | (16,667) | | | | | | | 31,836 | | | | | | | Amounts reclassified out of accumulated other comprehensive loss | — | | | | | | | 2 | | | | | | | Other comprehensive (loss) income | (16,667) | | | | | | | 31,838 | | | | | | | Ending balance | $ | (33,573) | | | | | | | $ | (58,001) | | | | | | | | | | | | | | | | | | The following table presents reclassifications out of accumulated other comprehensive loss for the quarters ended March 31, 2026 and 2025: | | | | | | | | | | | | | | | | | | | | | | Amount reclassified out of accumulated other comprehensive loss | | | Quarter Ended March 31, | | | Affected Line Item in Consolidated Statement of Operations | | 2026 | | 2025 | | | | | | | | (In thousands) | | | | | | | | | | | | | | | | | | | | | | | | | Available-for-sale securities: | | | | | | | | | | | | | | | | | | | | | | | Tax effect from changes in tax rates | $ | — | | | $ | 2 | | | | | | | | Income tax expense | | $ | — | | | $ | 2 | | | | | | | | |
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