Annual report pursuant to Section 13 and 15(d)

STOCKHOLDERS' EQUITY (Tables)

v3.22.4
STOCKHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
Change in Accumulated Other Comprehensive Income

The change in AOCI (loss) for the year ended December 31, 2022 is summarized as follows, net of tax (dollars in thousands):

    

    

Unrealized

    

    

    

Gains

(Losses) for 

Unrealized

AFS 

Unrealized 

Gains (Losses) 

Securities 

Change in Fair

Gains 

on AFS 

Transferred 

Value of Cash 

(Losses) 

Securities

to HTM

Flow Hedges

on BOLI

Total

AOCI - December 31, 2021

$

22,763

$

35

$

(1,567)

$

(2,596)

$

18,635

Other comprehensive (loss) income:

 

  

 

  

 

  

 

  

 

  

Other comprehensive loss before reclassification

 

(386,684)

 

 

(53,043)

 

2,205

 

(437,522)

Amounts reclassified from AOCI into earnings

 

2

 

(18)

 

 

617

 

601

Net current period other comprehensive (loss) income

 

(386,682)

 

(18)

 

(53,043)

 

2,822

 

(436,921)

AOCI (loss) - December 31, 2022

$

(363,919)

$

17

$

(54,610)

$

226

$

(418,286)

The change in AOCI for the year ended December 31, 2021 is summarized as follows, net of tax (dollars in thousands):

    

    

Unrealized

    

    

    

Gains 

(Losses) for 

Unrealized 

AFS 

Unrealized 

Gains (Losses) 

Securities 

Change in Fair

Gains 

on AFS 

Transferred 

Value of Cash 

(Losses) on

Securities

to HTM

Flow Hedges

BOLI

Total

AOCI - December 31, 2020

$

74,161

$

55

$

$

(3,201)

$

71,015

Other comprehensive (loss) income:

 

  

 

  

 

  

 

  

 

  

Other comprehensive income (loss) before reclassification

 

(51,329)

 

 

(1,520)

 

 

(52,849)

Amounts reclassified from AOCI into earnings

 

(69)

 

(20)

 

(47)

 

605

 

469

Net current period other comprehensive (loss) income

 

(51,398)

 

(20)

 

(1,567)

 

605

 

(52,380)

AOCI - December 31, 2021

$

22,763

$

35

$

(1,567)

$

(2,596)

$

18,635

The change in AOCI for the year ended December 31, 2020 is summarized as follows, net of tax (dollars in thousands):

    

    

Unrealized

    

    

    

Gains 

(Losses) for 

Unrealized 

AFS 

Unrealized

Gains (Losses) 

Securities 

Change in Fair

Gains 

on AFS 

Transferred 

Value of Cash 

(Losses) 

Securities

to HTM

Flow Hedges

on BOLI

Total

AOCI - December 31, 2019

$

37,877

$

75

$

(782)

$

(1,595)

$

35,575

Other comprehensive income (loss):

 

  

 

  

 

  

 

  

 

  

Other comprehensive income (loss) before reclassification

 

45,996

 

 

(699)

 

(2,098)

 

43,199

Amounts reclassified from AOCI into earnings

 

(9,712)

 

(20)

 

1,481

 

492

 

(7,759)

Net current period other comprehensive income (loss)

 

36,284

 

(20)

 

782

 

(1,606)

 

35,440

AOCI - December 31, 2020

$

74,161

$

55

$

$

(3,201)

$

71,015