| 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 September 30, |
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2026 |
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2025 |
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(Dollars in thousands) |
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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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Investment securities: |
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Net change in fair value recorded in AOCI |
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$ |
(115,499 |
) |
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$ |
33,576 |
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$ |
(81,923 |
) |
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$ |
21,737 |
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$ |
(6,319 |
) |
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$ |
15,418 |
|
Net realized gain (loss) on investment securities reclassified into earnings |
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— |
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— |
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— |
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8,185 |
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(2,379 |
) |
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5,806 |
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Amortization of net unrealized losses on securities transferred from AFS to HTM |
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104 |
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(30 |
) |
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74 |
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149 |
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(53 |
) |
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96 |
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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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20,093 |
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(5,841 |
) |
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14,252 |
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(1,411 |
) |
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392 |
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(1,019 |
) |
Cash flow hedges: |
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Net change in fair value recorded in AOCI |
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503 |
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(146 |
) |
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|
357 |
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92 |
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(37 |
) |
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|
55 |
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Net change |
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$ |
(94,799 |
) |
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$ |
27,559 |
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$ |
(67,240 |
) |
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$ |
28,752 |
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$ |
(8,396 |
) |
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$ |
20,356 |
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Nine Months Ended September 30, |
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2026 |
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2025 |
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(Dollars in thousands) |
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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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Investment securities: |
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Net change in fair value recorded in AOCI |
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$ |
(131,173 |
) |
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$ |
38,132 |
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$ |
(93,041 |
) |
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$ |
105,719 |
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$ |
(32,943 |
) |
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$ |
72,776 |
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Net realized gain (loss) on investment securities reclassified into earnings |
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— |
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— |
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— |
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8,185 |
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(2,379 |
) |
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5,806 |
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Amortization of net unrealized losses on securities transferred from AFS to HTM |
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361 |
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(105 |
) |
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256 |
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432 |
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(126 |
) |
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306 |
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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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32,683 |
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(9,501 |
) |
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23,182 |
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(18,364 |
) |
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5,360 |
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(13,004 |
) |
Cash flow hedges: |
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Net change in fair value recorded in AOCI |
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2,709 |
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(787 |
) |
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1,922 |
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(2,246 |
) |
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650 |
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(1,596 |
) |
Net change |
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$ |
(95,420 |
) |
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$ |
27,739 |
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$ |
(67,681 |
) |
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$ |
93,726 |
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$ |
(29,438 |
) |
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$ |
64,288 |
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