| ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS) |
10. ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS) The following is a summary of the accumulated other comprehensive income/(loss) balances, net of tax, for the three months ended June 30, 2026 and 2025:
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Amount |
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Other |
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Reclassified |
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Comprehensive |
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Other |
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From |
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Income/(Loss) |
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Comprehensive |
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Accumulated |
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Three Months |
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Balance at |
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Income/(Loss) |
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Other |
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Ended |
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Balance at |
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April 1, |
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Before |
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Comprehensive |
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June 30, |
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June 30, |
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(In thousands) |
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2026 |
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Reclassifications |
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Income/(Loss) |
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2026 |
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2026 |
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Net unrealized holding gain/(loss) on securities available for sale, net of tax |
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$ |
(51,846 |
) |
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$ |
(462 |
) |
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$ |
— |
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$ |
(462 |
) |
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$ |
(52,308 |
) |
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Gain/(loss) on cash flow hedges |
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2,217 |
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330 |
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— |
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330 |
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2,547 |
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Accumulated other comprehensive gain/(loss), net of tax |
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$ |
(49,629 |
) |
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$ |
(132 |
) |
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$ |
— |
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$ |
(132 |
) |
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$ |
(49,761 |
) |
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Amount |
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Other |
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Reclassified |
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Comprehensive |
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Other |
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From |
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Income/(Loss) |
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Comprehensive |
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Accumulated |
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Three Months |
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Balance at |
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Income/(Loss) |
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Other |
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Ended |
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Balance at |
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April 1, |
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Before |
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Comprehensive |
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June 30, |
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June 30, |
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(In thousands) |
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2025 |
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Reclassifications |
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Income/(Loss) |
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2025 |
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2025 |
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Net unrealized holding gain/(loss) on securities available for sale, net of tax |
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$ |
(61,525 |
) |
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$ |
3,323 |
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$ |
(5 |
) |
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$ |
3,318 |
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$ |
(58,207 |
) |
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Gain/(loss) on cash flow hedges |
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3,808 |
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(1,182 |
) |
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— |
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(1,182 |
) |
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2,626 |
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Accumulated other comprehensive gain/(loss), net of tax |
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$ |
(57,717 |
) |
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$ |
2,141 |
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$ |
(5 |
) |
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$ |
2,136 |
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$ |
(55,581 |
) |
The following represents the reclassifications out of accumulated other comprehensive income/(loss) for the three months ended June 30, 2026 and 2025:
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Three Months Ended |
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June 30, |
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(In thousands) |
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2026 |
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2025 |
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Affected Line Item in Income Statement |
Unrealized gains/(losses) on securities available for sale: |
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Reclassification adjustment for amounts included in net income |
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$ |
— |
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$ |
(7 |
) |
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Securities gains/(losses) |
Tax effect |
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— |
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2 |
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Income tax expense |
Total reclassifications, net of tax |
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$ |
— |
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$ |
(5 |
) |
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The following is a summary of the accumulated other comprehensive income/(loss) balances, net of tax, for the six months ended June 30, 2026 and 2025:
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Amount |
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Other |
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Reclassified |
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Comprehensive |
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Other |
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From |
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Income/(Loss) |
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Comprehensive |
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Accumulated |
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Six Months |
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Balance at |
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Income/(Loss) |
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Other |
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Ended |
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Balance at |
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January 1, |
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Before |
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Comprehensive |
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June 30, |
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June 30, |
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(In thousands) |
|
2026 |
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Reclassifications |
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Income/(Loss) |
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2026 |
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2026 |
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Net unrealized holding gain/(loss) on securities available for sale, net of tax |
|
$ |
(49,319 |
) |
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$ |
(3,041 |
) |
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$ |
52 |
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$ |
(2,989 |
) |
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$ |
(52,308 |
) |
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Gain/(loss) on cash flow hedges |
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1,758 |
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|
789 |
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— |
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789 |
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2,547 |
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Accumulated other comprehensive gain/(loss), net of tax |
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$ |
(47,561 |
) |
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$ |
(2,252 |
) |
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$ |
52 |
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$ |
(2,200 |
) |
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$ |
(49,761 |
) |
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Amount |
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Other |
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Reclassified |
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Comprehensive |
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Other |
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From |
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Income/(Loss) |
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Comprehensive |
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Accumulated |
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Six Months |
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Balance at |
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Income/(Loss) |
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Other |
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Ended |
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Balance at |
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January 1, |
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Before |
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Comprehensive |
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June 30, |
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June 30, |
|
(In thousands) |
|
2025 |
|
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Reclassifications |
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Income/(Loss) |
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|
2025 |
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|
2025 |
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Net unrealized holding gain/(loss) on securities available for sale, net of tax |
|
$ |
(72,148 |
) |
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$ |
13,946 |
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$ |
(5 |
) |
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$ |
13,941 |
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$ |
(58,207 |
) |
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Gain/(loss) on cash flow hedges |
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5,737 |
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(3,111 |
) |
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— |
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(3,111 |
) |
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2,626 |
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Accumulated other comprehensive gain/(loss), net of tax |
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$ |
(66,411 |
) |
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$ |
10,835 |
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$ |
(5 |
) |
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$ |
10,830 |
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$ |
(55,581 |
) |
The following represents the reclassifications out of accumulated other comprehensive income/(loss) for the six months ended June 30, 2026 and 2025:
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Six Months Ended |
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June 30, |
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(In thousands) |
|
2026 |
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2025 |
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Affected Line Item in Income |
Unrealized gains/(losses) on securities available for sale: |
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|
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|
Reclassification adjustment for amounts included in net income |
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$ |
81 |
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$ |
(7 |
) |
|
Securities gains/(losses) |
Tax effect |
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(29 |
) |
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2 |
|
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Income tax expense |
Total reclassifications, net of tax |
|
$ |
52 |
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|
$ |
(5 |
) |
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|