| Change in Accumulated Other Comprehensive Income |
The change in AOCI for the three months ended March 31, 2022 is summarized as follows, net of tax (dollars in thousands):
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Unrealized Gains |
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(Losses) |
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Unrealized |
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for AFS |
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Unrealized |
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Gains (Losses) |
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Securities |
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Change in Fair |
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Gains |
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on AFS |
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Transferred to |
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Value of Cash |
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(Losses) on |
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Securities |
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HTM |
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Flow Hedge |
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BOLI |
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Total |
Balance - December 31, 2021 |
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$ |
22,763 |
|
$ |
35 |
|
$ |
(1,567) |
|
$ |
(2,596) |
|
$ |
18,635 |
Other comprehensive income (loss): |
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Other comprehensive loss before reclassification |
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(186,967) |
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— |
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(23,313) |
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— |
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|
(210,280) |
Amounts reclassified from AOCI into earnings |
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— |
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(5) |
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|
— |
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|
167 |
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|
162 |
Net current period other comprehensive income (loss) |
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|
(186,967) |
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(5) |
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|
(23,313) |
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|
167 |
|
|
(210,118) |
Balance - March 31, 2022 |
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$ |
(164,204) |
|
$ |
30 |
|
$ |
(24,880) |
|
$ |
(2,429) |
|
$ |
(191,483) |
The change in AOCI for the three months ended March 31, 2021 is summarized as follows, net of tax (dollars in thousands):
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Unrealized Gain |
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(Losses) |
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Unrealized |
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for AFS |
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Unrealized |
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|
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Gains (Losses) |
|
Securities |
|
Change in Fair |
|
Gains |
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|
|
|
|
on AFS |
|
Transferred to |
|
Value of Cash |
|
(Losses) |
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|
|
|
|
Securities |
|
HTM |
|
Flow Hedge |
|
on BOLI |
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Total |
Balance - December 31, 2020 |
|
$ |
74,161 |
|
$ |
55 |
|
$ |
— |
|
$ |
(3,201) |
|
$ |
71,015 |
Cumulative effects from adoption of new accounting standard |
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Other comprehensive income (loss): |
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Other comprehensive loss before reclassification |
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(33,125) |
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— |
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|
(1,428) |
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— |
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|
(34,553) |
Amounts reclassified from AOCI into earnings |
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|
(62) |
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|
(5) |
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|
(47) |
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|
153 |
|
|
39 |
Net current period other comprehensive income (loss) |
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|
(33,187) |
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|
(5) |
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|
(1,475) |
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|
153 |
|
|
(34,514) |
Balance - March 31, 2021 |
|
$ |
40,974 |
|
$ |
50 |
|
$ |
(1,475) |
|
$ |
(3,048) |
|
$ |
36,501 |
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