| Schedule of tax effects allocated to each component of Other Comprehensive Income (Loss) |
The following table presents the tax effects allocated to each component of Other Comprehensive Income (Loss) (in thousands): | | | | | | | | | | | | | | | | | | | | | | Three months ended | | | | March 31, 2026 | | March 31, 2025 | | | | Before | | Tax | | After | | Before | | Tax | | After | | | | Tax | | Effect | | Tax | | Tax | | Effect | | Tax | | Unrealized gain (loss) arising on AFS securities | | | | | | | | | | | | | | | | | | | | Unrealized gain (loss) arising during the period | | $ | (4,102) | | $ | 1,229 | | $ | (2,873) | | $ | 9,982 | | $ | (2,992) | | $ | 6,990 | | | | | | | | | | | | | | | | | | | | | | Unrealized gain (loss) arising on cash flow hedges | | | | | | | | | | | | | | | | | | | | Unrealized gain (loss) arising during the period | | $ | 4,494 | | $ | (1,347) | | $ | 3,147 | | $ | (564) | | $ | 169 | | $ | (395) | | Reclassification adjustment for gain included in net income | | | 332 | | | (100) | | | 232 | | | (911) | | | 280 | | | (631) | | Net Change | | | 4,826 | | | (1,447) | | | 3,379 | | | (1,475) | | | 449 | | | (1,026) | | Total other comprehensive income (loss) | | $ | 724 | | $ | (218) | | $ | 506 | | $ | 8,507 | | $ | (2,543) | | $ | 5,964 | |
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| Schedule of after-tax changes in the balances of each component of Accumulated Other Comprehensive Income (Loss) |
The following table presents the after-tax changes in the balances of each component of Accumulated Other Comprehensive Income (Loss) at the dates indicated (in thousands): | | | | | | | | | | | | | | | | Total | | | | | | | Accumulated | | | | | | | Other | | | AFS | | Cash Flow | | Comprehensive | | | Securities | | Hedge | | Income (Loss) | | | | | | | | | | | Balance at January 1, 2026 | | $ | (36,934) | | $ | (2,805) | | $ | (39,739) | Unrealized gain (loss) arising during the period, net of tax | | | (2,873) | | | 3,147 | | | 274 | Reclassification adjustment for gain included in net income, net of tax | | | — | | | 232 | | | 232 | Other comprehensive income (loss) arising during the period, net of tax | | | (2,873) | | | 3,379 | | | 506 | Balance at March 31, 2026 | | $ | (39,807) | | $ | 574 | | $ | (39,233) | | | | | | | | | | | Balance at January 1, 2025 | | $ | (53,331) | | $ | 197 | | $ | (53,134) | Unrealized gain (loss) arising during the period, net of tax | | | 6,990 | | | (395) | | | 6,595 | Reclassification adjustment for gain included in net income, net of tax | | | | | | (631) | | | (631) | Other comprehensive income (loss) arising during the period, net of tax | | | 6,990 | | | (1,026) | | | 5,964 | Balance at March 31, 2025 | | $ | (46,341) | | $ | (829) | | $ | (47,170) | | | | | | | | | | | | | | | | | | | | |
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| Schedule of table shows the amounts reclassified out of AOCI for the realized gain on cash flow hedges |
The following table shows the amounts reclassified out of AOCI for the realized gain on cash flow hedges (in thousands): | | | | | | | | | | | | | | | | | | | | | Affected line item in | | | Three months ended | | | | the Consolidated Statements | | | March 31, | | | | of Operations | | | 2026 | | 2025 | | | | | Realized gain on sale of AFS securities | | $ | — | | $ | — | | | | Other income | Income tax (expense) benefit | | | — | | | — | | | | Income tax expense | Total reclassifications, net of income tax | | $ | — | | $ | — | | | | | | | | | | | | | | | | Realized gain (loss) on derivative cash flow hedges | | $ | 332 | | $ | (911) | | | | Deposit related program fees and Interest expense | Income tax (expense) benefit | | | (100) | | | 280 | | | | Income tax expense | Total reclassifications, net of income tax | | $ | 232 | | $ | (631) | | | | |
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