| Other Comprehensive Income |
13. OTHER COMPREHENSIVE INCOME The table below provides a summary of the components of OCI for the periods presented.
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Three Months Ended June 30, |
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2026 |
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2025 |
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Before-tax |
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Tax effect |
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After-tax |
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Before-tax |
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Tax effect |
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After-tax |
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(Dollars in thousands) |
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Investment securities: |
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Net change in fair value recorded in AOCI |
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$ |
(13,118 |
) |
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$ |
3,813 |
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$ |
(9,305 |
) |
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$ |
24,704 |
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$ |
(9,099 |
) |
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$ |
15,605 |
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Amortization of net unrealized losses on securities transferred from AFS to HTM |
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127 |
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(37 |
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90 |
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172 |
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(59 |
) |
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113 |
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Derivatives designated as hedging instruments: |
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Fair value hedges: |
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Net change in fair value recorded in AOCI |
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7,783 |
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(2,263 |
) |
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5,520 |
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(8,633 |
) |
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2,508 |
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(6,125 |
) |
Cash flow hedges: |
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Net change in fair value recorded in AOCI |
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810 |
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(235 |
) |
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575 |
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(598 |
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173 |
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(425 |
) |
Net change |
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$ |
(4,398 |
) |
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$ |
1,278 |
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$ |
(3,120 |
) |
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$ |
15,645 |
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$ |
(6,477 |
) |
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$ |
9,168 |
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Six Months Ended June 30, |
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2026 |
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2025 |
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Before-tax |
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Tax effect |
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After-tax |
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Before-tax |
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Tax effect |
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After-tax |
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(Dollars in thousands) |
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Investment securities: |
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Net change in fair value recorded in AOCI |
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$ |
(15,673 |
) |
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$ |
4,556 |
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$ |
(11,117 |
) |
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$ |
83,982 |
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$ |
(26,623 |
) |
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$ |
57,359 |
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Amortization of net unrealized losses on securities transferred from AFS to HTM |
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257 |
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(75 |
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182 |
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309 |
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(100 |
) |
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209 |
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Derivatives designated as hedging instruments: |
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Fair value hedges: |
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Net change in fair value recorded in AOCI |
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12,590 |
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(3,660 |
) |
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8,930 |
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(16,953 |
) |
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4,968 |
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(11,985 |
) |
Cash flow hedges: |
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Net change in fair value recorded in AOCI |
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2,205 |
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(641 |
) |
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1,564 |
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(2,339 |
) |
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688 |
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(1,651 |
) |
Net change |
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$ |
(621 |
) |
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$ |
180 |
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$ |
(441 |
) |
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$ |
64,999 |
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$ |
(21,067 |
) |
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$ |
43,932 |
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