| ACCUMULATED OTHER COMPREHENSIVE LOSS |
ACCUMULATED OTHER COMPREHENSIVE LOSS Accumulated other comprehensive loss, net of income taxes, as of June 30, 2026, and December 31, 2025, consisted of: | | | | | | | | | | | | | June 30, | | December 31, | | | | | | 2026 | | 2025 | | (In thousands) | | Unrealized loss on securities available-for-sale | $ | (44,985) | | | $ | (18,443) | | | Income tax effect of unrealized loss on securities available-for-sale | 6,039 | | | 1,537 | | | Net unrealized loss on securities available-for-sale | (38,946) | | | (16,906) | | | | | | | | | | | | | | | Accumulated other comprehensive loss, net of income taxes | $ | (38,946) | | | $ | (16,906) | |
The following table presents changes in accumulated other comprehensive loss by component, net of taxes, for the quarters and six-month periods ended June 30, 2026 and 2025: | | | | | | | | | | | | | | | | | | | | | | | | | Net unrealized loss on securities available-for-sale | | Quarter Ended June 30, | | Six-Month Period Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | | | | | | | | | | | | (In thousands) | | Beginning balance | $ | (33,573) | | | $ | (58,001) | | | $ | (16,906) | | | $ | (89,839) | | | Other comprehensive (loss) income before reclassifications | (5,373) | | | 9,217 | | | (22,040) | | | 41,053 | | | Amounts reclassified out of accumulated other comprehensive loss | — | | | 2 | | | — | | | 4 | | | Other comprehensive (loss) income | (5,373) | | | 9,219 | | | (22,040) | | | 41,057 | | | Ending balance | $ | (38,946) | | | $ | (48,782) | | | $ | (38,946) | | | $ | (48,782) | | | | | | | | | |
The following table presents reclassifications out of accumulated other comprehensive loss for the quarters and six-month periods ended June 30, 2026 and 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Amount reclassified out of accumulated other comprehensive loss | | | Quarter Ended June 30, | | Six-Month Period Ended June 30, | | | Affected Line Item in
Consolidated Statement of
Operations | | 2026 | | 2025 | | 2026 | | 2025 | | | | (In thousands) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Tax effect from changes in tax rates | $ | — | | | $ | 2 | | | — | | | 4 | | | | Income tax expense | | | | | | | | | | | |
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