| Change in Accumulated Other Comprehensive Income |
The change in AOCI for the three and six months ended June 30, 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 |
|
Flow Hedge |
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BOLI |
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Total |
AOCI (loss) - March 31, 2023 |
|
$ |
(321,265) |
|
$ |
14 |
|
$ |
(40,896) |
|
$ |
214 |
|
$ |
(361,933) |
Other comprehensive (loss) income: |
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|
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Other comprehensive loss before reclassification |
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(32,544) |
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— |
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(16,325) |
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— |
|
|
(48,869) |
Amounts reclassified from AOCI into earnings |
|
|
(2) |
|
|
(2) |
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|
— |
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|
(61) |
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|
(65) |
Net current period other comprehensive (loss) income |
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|
(32,546) |
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(2) |
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|
(16,325) |
|
|
(61) |
|
|
(48,934) |
AOCI (loss) - June 30, 2023 |
|
$ |
(353,811) |
|
$ |
12 |
|
$ |
(57,221) |
|
$ |
153 |
|
$ |
(410,867) |
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Unrealized Gains |
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(Losses) |
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|
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|
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|
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Unrealized |
|
for AFS |
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|
|
Unrealized |
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|
|
|
|
Gains (Losses) |
|
Securities |
|
Change in Fair |
|
Gains |
|
|
|
|
|
on AFS |
|
Transferred to |
|
Value of Cash |
|
(Losses) on |
|
|
|
|
|
Securities |
|
HTM |
|
Flow Hedge |
|
BOLI |
|
Total |
AOCI (loss) - December 31, 2022 |
|
$ |
(363,919) |
|
$ |
17 |
|
$ |
(54,610) |
|
$ |
226 |
|
$ |
(418,286) |
Other comprehensive income (loss): |
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|
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Other comprehensive (loss) income before reclassification |
|
|
(476) |
|
|
— |
|
|
(2,611) |
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|
10 |
|
|
(3,077) |
Amounts reclassified from AOCI into earnings |
|
|
10,584 |
|
|
(5) |
|
|
— |
|
|
(83) |
|
|
10,496 |
Net current period other comprehensive income (loss) |
|
|
10,108 |
|
|
(5) |
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|
(2,611) |
|
|
(73) |
|
|
7,419 |
AOCI (loss) - June 30, 2023 |
|
$ |
(353,811) |
|
$ |
12 |
|
$ |
(57,221) |
|
$ |
153 |
|
$ |
(410,867) |
The change in AOCI for the three and six months ended June 30, 2022 is summarized as follows, net of tax (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized Gain |
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|
|
|
|
|
|
|
|
|
|
|
|
|
(Losses) |
|
|
|
|
|
|
|
|
|
|
|
Unrealized |
|
for AFS |
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|
|
|
Unrealized |
|
|
|
|
|
Gains (Losses) |
|
Securities |
|
Change in Fair |
|
Gains |
|
|
|
|
|
on AFS |
|
Transferred to |
|
Value of Cash |
|
(Losses) |
|
|
|
|
|
Securities |
|
HTM |
|
Flow Hedge |
|
on BOLI |
|
Total |
AOCI (loss) - March 31, 2022 |
|
$ |
(164,204) |
|
$ |
30 |
|
$ |
(24,880) |
|
$ |
(2,429) |
|
$ |
(191,483) |
Other comprehensive (loss) income: |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive loss before reclassification |
|
|
(113,374) |
|
|
— |
|
|
(11,572) |
|
|
— |
|
|
(124,946) |
Amounts reclassified from AOCI into earnings |
|
|
1 |
|
|
(5) |
|
|
— |
|
|
150 |
|
|
146 |
Net current period other comprehensive (loss) income |
|
|
(113,373) |
|
|
(5) |
|
|
(11,572) |
|
|
150 |
|
|
(124,800) |
AOCI (loss) - June 30, 2022 |
|
$ |
(277,577) |
|
$ |
25 |
|
$ |
(36,452) |
|
$ |
(2,279) |
|
$ |
(316,283) |
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
Unrealized Gain |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Losses) |
|
|
|
|
|
|
|
|
|
|
|
Unrealized |
|
for AFS |
|
|
|
|
Unrealized |
|
|
|
|
|
Gains (Losses) |
|
Securities |
|
Change in Fair |
|
Gains |
|
|
|
|
|
on AFS |
|
Transferred to |
|
Value of Cash |
|
(Losses) |
|
|
|
|
|
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 |
|
|
(300,341) |
|
|
— |
|
|
(34,885) |
|
|
— |
|
|
(335,226) |
Amounts reclassified from AOCI into earnings |
|
|
1 |
|
|
(10) |
|
|
— |
|
|
317 |
|
|
308 |
Net current period other comprehensive (loss) income |
|
|
(300,340) |
|
|
(10) |
|
|
(34,885) |
|
|
317 |
|
|
(334,918) |
AOCI (loss) - June 30, 2022 |
|
$ |
(277,577) |
|
$ |
25 |
|
$ |
(36,452) |
|
$ |
(2,279) |
|
$ |
(316,283) |
|