| Change in Accumulated Other Comprehensive Income |
The change in AOCI for the three and six months ended June 30, 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 |
|
HTM |
|
Flow Hedge |
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BOLI |
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Total |
AOCI (loss) – March 31, 2024 |
|
$ |
(323,035) |
|
$ |
4 |
|
$ |
(52,418) |
|
$ |
1,151 |
|
$ |
(374,298) |
Other comprehensive (loss) income: |
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|
|
Other comprehensive loss before reclassification |
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|
(12,917) |
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— |
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|
(357) |
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|
— |
|
|
(13,274) |
Amounts reclassified from AOCI into earnings |
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|
5,148 |
|
|
(3) |
|
|
— |
|
|
(160) |
|
|
4,985 |
Net current period other comprehensive loss |
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|
(7,769) |
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|
(3) |
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|
(357) |
|
|
(160) |
|
|
(8,289) |
AOCI (loss) – June 30, 2024 |
|
$ |
(330,804) |
|
$ |
1 |
|
$ |
(52,775) |
|
$ |
991 |
|
$ |
(382,587) |
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Unrealized Gains |
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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, 2023 |
|
$ |
(302,532) |
|
$ |
6 |
|
$ |
(42,165) |
|
$ |
1,342 |
|
$ |
(343,349) |
Other comprehensive (loss) income: |
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|
|
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|
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Other comprehensive loss before reclassification |
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|
(33,417) |
|
|
— |
|
|
(10,610) |
|
|
(16) |
|
|
(44,043) |
Amounts reclassified from AOCI into earnings |
|
|
5,145 |
|
|
(5) |
|
|
— |
|
|
(335) |
|
|
4,805 |
Net current period other comprehensive loss |
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|
(28,272) |
|
|
(5) |
|
|
(10,610) |
|
|
(351) |
|
|
(39,238) |
AOCI (loss) – June 30, 2024 |
|
$ |
(330,804) |
|
$ |
1 |
|
$ |
(52,775) |
|
$ |
991 |
|
$ |
(382,587) |
The change in AOCI for the three and six months ended June 30, 2023 is summarized as follows, net of tax (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized Gain |
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|
|
|
|
|
|
|
|
|
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|
|
(Losses) |
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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) |
|
|
|
|
|
Securities |
|
HTM |
|
Flow Hedge |
|
on BOLI |
|
Total |
AOCI (loss) – March 31, 2023 |
|
$ |
(321,265) |
|
$ |
14 |
|
$ |
(40,896) |
|
$ |
214 |
|
$ |
(361,933) |
Other comprehensive (loss) income: |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive loss before reclassification |
|
|
(32,544) |
|
|
— |
|
|
(16,325) |
|
|
— |
|
|
(48,869) |
Amounts reclassified from AOCI into earnings |
|
|
(2) |
|
|
(2) |
|
|
— |
|
|
(61) |
|
|
(65) |
Net current period other comprehensive loss |
|
|
(32,546) |
|
|
(2) |
|
|
(16,325) |
|
|
(61) |
|
|
(48,934) |
AOCI (loss) – June 30, 2023 |
|
$ |
(353,811) |
|
$ |
12 |
|
$ |
(57,221) |
|
$ |
153 |
|
$ |
(410,867) |
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|
Unrealized Gain |
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|
|
|
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|
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|
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|
(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 (loss) – December 31, 2022 |
|
$ |
(363,919) |
|
$ |
17 |
|
$ |
(54,610) |
|
$ |
226 |
|
$ |
(418,286) |
Other comprehensive (loss) income: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive (loss) income before reclassification |
|
|
(476) |
|
|
— |
|
|
(2,611) |
|
|
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) |
|
|
(2,611) |
|
|
(73) |
|
|
7,419 |
AOCI (loss) – June 30, 2023 |
|
$ |
(353,811) |
|
$ |
12 |
|
$ |
(57,221) |
|
$ |
153 |
|
$ |
(410,867) |
|