| Change in Accumulated Other Comprehensive Income |
The change in AOCI for the three and nine months ended September 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) |
|
Securities |
|
Change in Fair |
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Gains |
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|
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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 |
|
HTM |
|
Flow Hedge |
|
BOLI |
|
Total |
AOCI (loss) – June 30, 2023 |
|
$ |
(353,811) |
|
$ |
12 |
|
$ |
(57,221) |
|
$ |
153 |
|
$ |
(410,867) |
Other comprehensive (loss) income: |
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|
|
|
|
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|
|
Other comprehensive loss before reclassification |
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|
(79,193) |
|
|
— |
|
|
(9,581) |
|
|
— |
|
|
(88,774) |
Amounts reclassified from AOCI into earnings |
|
|
21,799 |
|
|
(2) |
|
|
— |
|
|
(62) |
|
|
21,735 |
Net current period other comprehensive loss |
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|
(57,394) |
|
|
(2) |
|
|
(9,581) |
|
|
(62) |
|
|
(67,039) |
AOCI (loss) – September 30, 2023 |
|
$ |
(411,205) |
|
$ |
10 |
|
$ |
(66,802) |
|
$ |
91 |
|
$ |
(477,906) |
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|
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|
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|
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Unrealized Gains |
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|
|
|
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|
|
|
|
|
|
|
(Losses) |
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|
|
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|
|
|
|
|
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Unrealized |
|
for AFS |
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|
|
|
Unrealized |
|
|
|
|
|
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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|
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|
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|
|
|
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|
|
Other comprehensive (loss) income before reclassification |
|
|
(79,669) |
|
|
— |
|
|
(12,192) |
|
|
10 |
|
|
(91,851) |
Amounts reclassified from AOCI into earnings |
|
|
32,383 |
|
|
(7) |
|
|
— |
|
|
(145) |
|
|
32,231 |
Net current period other comprehensive loss |
|
|
(47,286) |
|
|
(7) |
|
|
(12,192) |
|
|
(135) |
|
|
(59,620) |
AOCI (loss) – September 30, 2023 |
|
$ |
(411,205) |
|
$ |
10 |
|
$ |
(66,802) |
|
$ |
91 |
|
$ |
(477,906) |
The change in AOCI for the three and nine months ended September 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) – June 30, 2022 |
|
$ |
(277,577) |
|
$ |
25 |
|
$ |
(36,452) |
|
$ |
(2,279) |
|
$ |
(316,283) |
Other comprehensive (loss) income: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive loss before reclassification |
|
|
(121,841) |
|
|
— |
|
|
(24,142) |
|
|
— |
|
|
(145,983) |
Amounts reclassified from AOCI into earnings |
|
|
— |
|
|
(4) |
|
|
— |
|
|
151 |
|
|
147 |
Net current period other comprehensive (loss) income |
|
|
(121,841) |
|
|
(4) |
|
|
(24,142) |
|
|
151 |
|
|
(145,836) |
AOCI (loss) – September 30, 2022 |
|
$ |
(399,418) |
|
$ |
21 |
|
$ |
(60,594) |
|
$ |
(2,128) |
|
$ |
(462,119) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive loss before reclassification |
|
|
(422,183) |
|
|
— |
|
|
(59,027) |
|
|
— |
|
|
(481,210) |
Amounts reclassified from AOCI into earnings |
|
|
2 |
|
|
(14) |
|
|
— |
|
|
468 |
|
|
456 |
Net current period other comprehensive (loss) income |
|
|
(422,181) |
|
|
(14) |
|
|
(59,027) |
|
|
468 |
|
|
(480,754) |
AOCI (loss) – September 30, 2022 |
|
$ |
(399,418) |
|
$ |
21 |
|
$ |
(60,594) |
|
$ |
(2,128) |
|
$ |
(462,119) |
|