| Change in Accumulated Other Comprehensive Income |
The change in AOCI for the three months ended March 31, 2023 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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(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 |
AOCI (loss) - December 31, 2022 |
|
$ |
(363,919) |
|
$ |
17 |
|
$ |
(54,610) |
|
$ |
226 |
|
$ |
(418,286) |
Other comprehensive income (loss): |
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Other comprehensive income before reclassification |
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|
32,068 |
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|
— |
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|
13,714 |
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|
10 |
|
|
45,792 |
Amounts reclassified from AOCI into earnings |
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|
10,586 |
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|
(3) |
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|
— |
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|
(22) |
|
|
10,561 |
Net current period other comprehensive income (loss) |
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|
42,654 |
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|
(3) |
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|
13,714 |
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|
(12) |
|
|
56,353 |
AOCI (loss) - March 31, 2023 |
|
$ |
(321,265) |
|
$ |
14 |
|
$ |
(40,896) |
|
$ |
214 |
|
$ |
(361,933) |
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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|
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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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|
|
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 |
|
Total |
AOCI - December 31, 2021 |
|
$ |
22,763 |
|
$ |
35 |
|
$ |
(1,567) |
|
$ |
(2,596) |
|
$ |
18,635 |
Other comprehensive (loss) income: |
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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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|
— |
|
|
(210,280) |
Amounts reclassified from AOCI into earnings |
|
|
— |
|
|
(5) |
|
|
— |
|
|
167 |
|
|
162 |
Net current period other comprehensive (loss) income |
|
|
(186,967) |
|
|
(5) |
|
|
(23,313) |
|
|
167 |
|
|
(210,118) |
AOCI (loss) - March 31, 2022 |
|
$ |
(164,204) |
|
$ |
30 |
|
$ |
(24,880) |
|
$ |
(2,429) |
|
$ |
(191,483) |
|