v3.26.3
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Net income $ 15,281 $ 9,699 $ 37,720 $ 29,433
Other comprehensive (loss) income, net of tax:        
Unrealized holding (loss) gain arising during period [1] (21,608) 4,963 (23,062) 8,773
Less: reclassification adjustment for gains included in net income [2] 0 0 0 (124)
Tax effect 4,066 (1,468) 4,496 (2,557)
Other comprehensive (loss) income, net of tax (17,542) 3,495 (18,566) 6,092
Comprehensive (loss) income $ (2,261) $ 13,194 $ 19,154 $ 35,525
[1] Included in the unrealized holding gain arising during the period is the accretion of the net unrealized loss on debt securities transferred to held-to-maturity from available-for-sale of $0.5 million for both of the three months ended September 30, 2026 and 2025 and $1.0 million for the nine months ended September 30, 2026 and 2025.
[2] Amounts are included in net gains on investment securities available-for-sale on the Consolidated Statements of Income in noninterest income. There were no income tax expenses associated with the reclassification adjustment for the three months ended September 30, 2026, and 2025. Income tax expenses associated with the reclassification adjustment for the nine months ended September 30, 2026, and 2025 were zero and $37 thousand, respectively.