| Summary of components of other comprehensive income |
The following table presents the components of other comprehensive income for the three and nine months ended September 30, 2026 and 2025: | | | | | | | | | | (dollars in thousands) | | Before Tax | | Tax Effect | | Net of Tax | Three Months Ended September 30, 2026 | | | | | | | | | | Net Unrealized Loss on Available for Sale Securities | | $ | (41,197) | | $ | 11,840 | | $ | (29,357) | Less: Reclassification Adjustment for Net Gains Included in Net Income | | | — | | | — | | | — | Total Unrealized Loss | | | (41,197) | | | 11,840 | | | (29,357) | | | | | | | | | | | Net Unrealized Gain on Cash Flow Hedge | | | 11,038 | | | (3,172) | | | 7,866 | Less: Reclassification Adjustment for Gains Included in Net Income | | | (1,093) | | | 314 | | | (779) | Total Unrealized Gain | | | 9,945 | | | (2,858) | | | 7,087 | | | | | | | | | | | Other Comprehensive Loss | | $ | (31,252) | | $ | 8,982 | | $ | (22,270) | | | | | | | | | | | Three Months Ended September 30, 2025 | | | | | | | | | | Net Unrealized Gain on Available for Sale Securities | | $ | 13,860 | | $ | (3,984) | | $ | 9,876 | Less: Reclassification Adjustment for Net Gains Included in Net Income | | | (59) | | | 17 | | | (42) | Total Unrealized Gain | | | 13,801 | | | (3,967) | | | 9,834 | | | | | | | | | | | Net Unrealized Loss on Cash Flow Hedge | | | (41) | | | 12 | | | (29) | Less: Reclassification Adjustment for Gains Included in Net Income | | | (1,600) | | | 460 | | | (1,140) | Total Unrealized Loss | | | (1,641) | | | 472 | | | (1,169) | | | | | | | | | | | Other Comprehensive Income | | $ | 12,160 | | $ | (3,495) | | $ | 8,665 |
| | | | | | | | | | (dollars in thousands) | | Before Tax | | Tax Effect | | Net of Tax | Nine Months Ended September 30, 2026 | | | | | | | | | | Net Unrealized Loss on Available for Sale Securities | | $ | (39,138) | | $ | 11,248 | | $ | (27,890) | Less: Reclassification Adjustment for Net Gains Included in Net Income | | | (7,251) | | | 2,084 | | | (5,167) | Total Unrealized Loss | | | (46,389) | | | 13,332 | | | (33,057) | | | | | | | | | | | Net Unrealized Gain on Cash Flow Hedge | | | 16,866 | | | (4,847) | | | 12,019 | Less: Reclassification Adjustment for Gains Included in Net Income | | | (3,349) | | | 963 | | | (2,386) | Total Unrealized Gain | | | 13,517 | | | (3,884) | | | 9,633 | | | | | | | | | | | Other Comprehensive Loss | | $ | (32,872) | | $ | 9,448 | | $ | (23,424) | | | | | | | | | | | Nine Months Ended September 30, 2025 | | | | | | | | | | Net Unrealized Gain on Available for Sale Securities | | $ | 21,068 | | $ | (6,055) | | $ | 15,013 | Less: Reclassification Adjustment for Net Gains Included in Net Income | | | (534) | | | 154 | | | (380) | Total Unrealized Gain | | | 20,534 | | | (5,901) | | | 14,633 | | | | | | | | | | | Net Unrealized Loss on Cash Flow Hedge | | | (4,538) | | | 1,304 | | | (3,234) | Less: Reclassification Adjustment for Gains Included in Net Income | | | (5,049) | | | 1,451 | | | (3,598) | Total Unrealized Loss | | | (9,587) | | | 2,755 | | | (6,832) | | | | | | | | | | | Other Comprehensive Income | | $ | 10,947 | | $ | (3,146) | | $ | 7,801 |
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| Summary of changes in each component of accumulated other comprehensive income, net of tax |
The following table presents the changes in each component of accumulated other comprehensive income, net of tax, for the three and nine months ended September 30, 2026 and 2025: | | | | | | | | | | | | | | | | | | Accumulated | | | Available For | | | | | Other Comprehensive | (dollars in thousands) | | Sale Securities | | Cash Flow Hedge | | Income (Loss) | Three Months Ended September 30, 2026 | | | | | | | | | | Balance at Beginning of Period | | $ | (10,993) | | $ | 10,400 | | $ | (593) | Other Comprehensive Income (Loss) Before Reclassifications | | | (29,357) | | | 7,866 | | | (21,491) | Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) | | | — | | | (779) | | | (779) | Net Other Comprehensive Income (Loss) During Period | | | (29,357) | | | 7,087 | | | (22,270) | Balance at End of Period | | $ | (40,350) | | $ | 17,487 | | $ | (22,863) | | | | | | | | | | | Three Months Ended September 30, 2025 | | | | | | | | | | Balance at Beginning of Period | | $ | (22,944) | | $ | 8,716 | | $ | (14,228) | Other Comprehensive Income (Loss) Before Reclassifications | | | 9,876 | | | (29) | | | 9,847 | Amounts Reclassified from Accumulated Other Comprehensive Income | | | (42) | | | (1,140) | | | (1,182) | Net Other Comprehensive Income (Loss) During Period | | | 9,834 | | | (1,169) | | | 8,665 | Balance at End of Period | | $ | (13,110) | | $ | 7,547 | | $ | (5,563) |
| | | | | | | | | | | | | | | | | Accumulated | | | Available For | | | | | Other Comprehensive | (dollars in thousands) | | Sale Securities | | Cash Flow Hedge | | Income (Loss) | Nine Months Ended September 30, 2026 | | | | | | | | | | Balance at Beginning of Period | | $ | (7,293) | | $ | 7,854 | | $ | 561 | Other Comprehensive Income (Loss) Before Reclassifications | | | (27,890) | | | 12,019 | | | (15,871) | Amounts Reclassified from Accumulated Other Comprehensive Income | | | (5,167) | | | (2,386) | | | (7,553) | Net Other Comprehensive Income (Loss) During Period | | | (33,057) | | | 9,633 | | | (23,424) | Balance at End of Period | | $ | (40,350) | | $ | 17,487 | | $ | (22,863) | | | | | | | | | | | Nine Months Ended September 30, 2025 | | | | | | | | | | Balance at Beginning of Period | | $ | (27,743) | | $ | 14,379 | | $ | (13,364) | Other Comprehensive Income (Loss) Before Reclassifications | | | 15,013 | | | (3,234) | | | 11,779 | Amounts Reclassified from Accumulated Other Comprehensive Income | | | (380) | | | (3,598) | | | (3,978) | Net Other Comprehensive Income (Loss) During Period | | | 14,633 | | | (6,832) | | | 7,801 | Balance at End of Period | | $ | (13,110) | | $ | 7,547 | | $ | (5,563) |
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