The following table shows the reconciliation of accumulated other comprehensive income (loss) (“AOCI”) and amounts reclassified to earnings during the periods indicated.
| |
|
Three Months Ended
June 30
|
|
|
Six Months Ended
June 30
|
|
|
(in thousands)
|
|
2026
|
|
|
2025
|
|
|
2026
|
|
|
2025
|
|
|
Beginning balance
|
|
$
|
(68,044 |
)
|
|
$
|
(86,065 |
)
|
|
$
|
(64,820 |
)
|
|
$
|
(98,369 |
)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized holding gains (losses) on debt securities AFS
|
|
|
(512 |
)
|
|
|
7,258 |
|
|
|
(4,807 |
)
|
|
|
23,653 |
|
|
Tax expense (benefit)
|
|
|
(129 |
)
|
|
|
1,809 |
|
|
|
(1,200 |
)
|
|
|
5,900 |
|
|
Unrealized holding gains (losses) on debt securities AFS, net of tax
|
|
|
(383 |
)
|
|
|
5,449 |
|
|
|
(3,607 |
)
|
|
|
17,753 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reclassification adjustments for realized gains (losses) included in securities
|
|
|
12 |
|
|
|
1 |
|
|
|
12 |
|
|
|
1 |
|
|
Tax expense (benefit)
|
|
|
(3 |
)
|
|
|
0 |
|
|
|
(3 |
)
|
|
|
0 |
|
|
Reclassification adjustments for realized gains (losses) included in securities, net of tax
|
|
|
9 |
|
|
|
1 |
|
|
|
9 |
|
|
|
1 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive income (loss)
|
|
|
(392 |
)
|
|
|
5,448 |
|
|
|
(3,616 |
)
|
|
|
17,752 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance
|
|
$
|
(68,436 |
)
|
|
$
|
(80,617 |
)
|
|
$
|
(68,436 |
)
|
|
$
|
(80,617 |
)
|
|