v3.26.1
Accumulated Other Comprehensive Income (Tables)
6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table provides the change in AOCI by component:
(in thousands)Cash Flow HedgesAvailable-for-Sale SecuritiesHeld-to-Maturity SecuritiesTotal
Three Months Ended June 30, 2026
Beginning balance$(5,434)$(51,352)$(29,953)$(86,739)
Change in unrealized gain/(loss)(12,586)(5,789)— (18,375)
Amounts reclassified into net income1,129 — 1,477 2,606 
Total other comprehensive income/(loss)(11,457)(5,789)1,477 (15,769)
Income tax expense/(benefit)(2,636)(1,332)340 (3,628)
Total other comprehensive income/(loss), net of tax(8,821)(4,457)1,137 (12,141)
Ending balance$(14,255)$(55,809)$(28,816)$(98,880)
Three Months Ended June 30, 2025
Beginning balance$(8,020)$(93,114)$(35,028)$(136,162)
Change in unrealized gain/(loss)207 19,831 — 20,038 
Amounts reclassified into net income8,379 — 1,588 9,967 
Total other comprehensive income/(loss)8,586 19,831 1,588 30,005 
Income tax expense/(benefit)1,938 4,478 358 6,774 
Total other comprehensive income/(loss), net of tax6,648 15,353 1,230 23,231 
Ending balance$(1,372)$(77,761)$(33,798)$(112,931)
Six Months Ended June 30, 2026
Beginning balance$3,100 $(36,563)$(31,122)$(64,585)
Change in unrealized gain/(loss)(24,708)(24,995)— (49,703)
Amounts reclassified into net income2,168 — 2,995 5,163 
Total other comprehensive income/(loss)
(22,540)(24,995)2,995 (44,540)
Income tax expense/(benefit)
(5,185)(5,749)689 (10,245)
Total other comprehensive income/(loss), net of tax
(17,355)(19,246)2,306 (34,295)
Ending balance$(14,255)$(55,809)$(28,816)$(98,880)
Six Months Ended June 30, 2025
Beginning balance$(15,275)$(131,531)$(36,301)$(183,107)
Change in unrealized gain/(loss)865 69,452 — 70,317 
Amounts reclassified into net income17,093 — 3,233 20,326 
Total other comprehensive income/(loss)17,958 69,452 3,233 90,643 
Income tax expense/(benefit)4,055 15,682 730 20,467 
Total other comprehensive income/(loss), net of tax13,903 53,770 2,503 70,176 
Ending balance$(1,372)$(77,761)$(33,798)$(112,931)