| Change in Accumulated Other Comprehensive Income |
The change in AOCI for the year ended December 31, 2023 is summarized as follows, net of tax (dollars in thousands):
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|
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Unrealized |
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Gains |
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|
|
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|
(Losses) for |
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|
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Unrealized |
|
AFS |
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|
|
Unrealized |
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|
|
|
|
Gains (Losses) |
|
Securities |
|
Change in Fair |
|
Gains |
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|
|
|
|
on AFS |
|
Transferred |
|
Value of Cash |
|
(Losses) |
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|
|
|
|
Securities |
|
to HTM |
|
Flow Hedges |
|
on BOLI |
|
Total |
AOCI (loss) - December 31, 2022 |
|
$ |
(363,919) |
|
$ |
17 |
|
$ |
(54,610) |
|
$ |
226 |
|
$ |
(418,286) |
Other comprehensive (loss) income: |
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|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive income before reclassification |
|
|
29,006 |
|
|
— |
|
|
12,445 |
|
|
10 |
|
|
41,461 |
Amounts reclassified from AOCI into earnings |
|
|
32,381 |
|
|
(11) |
|
|
— |
|
|
1,106 |
|
|
33,476 |
Net current period other comprehensive income (loss) |
|
|
61,387 |
|
|
(11) |
|
|
12,445 |
|
|
1,116 |
|
|
74,937 |
AOCI (loss) - December 31, 2023 |
|
$ |
(302,532) |
|
$ |
6 |
|
$ |
(42,165) |
|
$ |
1,342 |
|
$ |
(343,349) |
The change in AOCI for the year ended December 31, 2022 is summarized as follows, net of tax (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized |
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|
|
|
|
|
|
|
|
|
|
|
|
|
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, 2021 |
|
$ |
22,763 |
|
$ |
35 |
|
$ |
(1,567) |
|
$ |
(2,596) |
|
$ |
18,635 |
Other comprehensive (loss) income: |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive (loss) income 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) |
|
|
|
|
|
Securities |
|
to HTM |
|
Flow Hedges |
|
on BOLI |
|
Total |
AOCI - December 31, 2020 |
|
$ |
74,161 |
|
$ |
55 |
|
$ |
— |
|
$ |
(3,201) |
|
$ |
71,015 |
Other comprehensive (loss) income: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive 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 (loss) - December 31, 2021 |
|
$ |
22,763 |
|
$ |
35 |
|
$ |
(1,567) |
|
$ |
(2,596) |
|
$ |
18,635 |
|