| Change in Accumulated Other Comprehensive Income |
The change in AOCI for the three months ended March 31, 2024 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, 2023 |
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$ |
(302,532) |
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$ |
6 |
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$ |
(42,165) |
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$ |
1,342 |
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$ |
(343,349) |
Other comprehensive (loss) income: |
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Other comprehensive loss before reclassification |
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(20,501) |
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— |
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(10,253) |
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(16) |
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(30,770) |
Amounts reclassified from AOCI into earnings |
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(2) |
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(2) |
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— |
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(175) |
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(179) |
Net current period other comprehensive loss |
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(20,503) |
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(2) |
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(10,253) |
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(191) |
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(30,949) |
AOCI (loss) – March 31, 2024 |
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$ |
(323,035) |
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$ |
4 |
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$ |
(52,418) |
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$ |
1,151 |
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$ |
(374,298) |
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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 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) |
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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) |
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Securities |
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HTM |
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Flow Hedge |
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on BOLI |
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Total |
AOCI (loss) – December 31, 2022 |
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$ |
(363,919) |
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$ |
17 |
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$ |
(54,610) |
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$ |
226 |
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$ |
(418,286) |
Other comprehensive (loss) income: |
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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 |
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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) |
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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) |
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56,353 |
AOCI (loss) – March 31, 2023 |
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$ |
(321,265) |
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$ |
14 |
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$ |
(40,896) |
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$ |
214 |
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$ |
(361,933) |
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