| Accumulated Other Comprehensive Loss/Income (“AOCL/AOCI”) |
Accumulated Other Comprehensive Loss/Income (“AOCL/AOCI”): The components of AOCL/AOCI are summarized as follows using applicable blended average federal and state tax rates for each period: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | (in thousands) | Before Tax
Amount | | Tax
Effect | | Net of Tax
Amount | | Before Tax
Amount | | Tax
Effect | | Net of Tax
Amount | | Net unrealized holding losses on debt securities available for sale | $ | (33,223) | | | $ | 8,465 | | | $ | (24,758) | | | $ | (2,205) | | | $ | 562 | | | $ | (1,643) | | Net unrealized holding gains on interest rate swaps designated as cash flow hedges | 1,380 | | | (352) | | | 1,028 | | | 1,031 | | | (263) | | | 768 | | Total AOCL | $ | (31,843) | | | $ | 8,113 | | | $ | (23,730) | | | $ | (1,174) | | | $ | 299 | | | $ | (875) | |
The components of other comprehensive (loss) income for the periods presented are summarized as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | 2026 | | 2025 | | (in thousands) | Before Tax
Amount | | Tax
Effect | | Net of Tax
Amount | | Before Tax
Amount | | Tax
Effect | | Net of Tax
Amount | | Net unrealized holding (losses) gains on debt securities available for sale: | | | | | | | | | | | | | Change in fair value arising during the period | $ | (3,673) | | | $ | 936 | | | $ | (2,737) | | | $ | 2,395 | | | $ | (611) | | | $ | 1,784 | | | Reclassification adjustment for net gains included in net income | — | | | — | | | — | | | — | | | — | | | — | | | $ | (3,673) | | | $ | 936 | | | $ | (2,737) | | | $ | 2,395 | | | $ | (611) | | | $ | 1,784 | | | Net unrealized holding gains (losses) on interest rate swaps designated as cash flow hedges: | | | | | | | | | | | | | Change in fair value arising during the period | 637 | | | (162) | | | 475 | | | 233 | | | (60) | | | 173 | | | Reclassification adjustment for net interest income included in net income | (253) | | | 64 | | | (189) | | | (177) | | | 46 | | | (131) | | | 384 | | | (98) | | | 286 | | | 56 | | | (14) | | | 42 | | | Total other comprehensive (loss) income | $ | (3,289) | | | $ | 838 | | | $ | (2,451) | | | $ | 2,451 | | | $ | (625) | | | $ | 1,826 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, | | 2026 | | 2025 | | (in thousands) | Before Tax
Amount | | Tax
Effect | | Net of Tax
Amount | | Before Tax
Amount | | Tax
Effect | | Net of Tax
Amount | | Net unrealized holding (losses) gains on debt securities available for sale: | | | | | | | | | | | | | Change in fair value arising during the period | $ | (30,537) | | | $ | 7,781 | | | $ | (22,756) | | | $ | 19,441 | | | $ | (4,965) | | | $ | 14,476 | | | Reclassification adjustment for net gains included in net income | $ | (482) | | | $ | 123 | | | $ | (359) | | | $ | — | | | $ | — | | | $ | — | | | $ | (31,019) | | | $ | 7,904 | | | $ | (23,115) | | | $ | 19,441 | | | $ | (4,965) | | | $ | 14,476 | | | Net unrealized holding gains (losses) on interest rate swaps designated as cash flow hedges: | | | | | | | | | | | | | Change in fair value arising during the period | 880 | | | (224) | | | 656 | | | 250 | | | (64) | | | 186 | | | Reclassification adjustment for net interest income included in net income | (531) | | | 135 | | | (396) | | | (408) | | | 104 | | | (304) | | | 349 | | | (89) | | | 260 | | | (158) | | | 40 | | | (118) | | | Total other comprehensive (loss) income | $ | (30,670) | | | $ | 7,815 | | | $ | (22,855) | | | $ | 19,283 | | | $ | (4,925) | | | $ | 14,358 | |
|