| Change in Accumulated Other Comprehensive Income |
The change in accumulated other comprehensive income (“AOCI”) (loss) for the year ended December 31, 2025 is summarized as follows, net of tax (dollars in thousands):
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Unrealized |
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Gains |
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(Losses) for |
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Unrealized |
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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 |
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Value of Cash |
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(Losses) |
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Securities |
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to HTM |
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Flow Hedges |
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on BOLI |
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Total |
AOCI (loss) - December 31, 2024 |
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$ |
(317,142) |
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$ |
— |
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$ |
(43,078) |
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$ |
534 |
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$ |
(359,686) |
Other comprehensive (loss) income: |
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Other comprehensive income before reclassification |
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82,377 |
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— |
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21,913 |
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39 |
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104,329 |
Amounts reclassified from AOCI into earnings |
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63 |
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— |
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— |
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(793) |
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(730) |
Net current period other comprehensive income (loss) |
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82,440 |
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— |
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21,913 |
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(754) |
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|
103,599 |
AOCI (loss) - December 31, 2025 |
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$ |
(234,702) |
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$ |
— |
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$ |
(21,165) |
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$ |
(220) |
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$ |
(256,087) |
The change in AOCI (loss) for the year ended December 31, 2024 is summarized as follows, net of tax (dollars in thousands):
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Unrealized |
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Gains |
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(Losses) for |
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Unrealized |
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AFS |
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Unrealized |
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Gains (Losses) |
|
Securities |
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Change in Fair |
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Gains |
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on AFS |
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Transferred |
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Value of Cash |
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(Losses) on |
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Securities |
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to HTM |
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Flow Hedges |
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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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(19,739) |
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— |
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(913) |
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(16) |
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(20,668) |
Amounts reclassified from AOCI into earnings |
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5,129 |
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(6) |
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— |
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(792) |
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|
4,331 |
Net current period other comprehensive loss |
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(14,610) |
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(6) |
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(913) |
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|
(808) |
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(16,337) |
AOCI (loss) - December 31, 2024 |
|
$ |
(317,142) |
|
$ |
— |
|
$ |
(43,078) |
|
$ |
534 |
|
$ |
(359,686) |
The change in AOCI (loss) for the year ended December 31, 2023 is summarized as follows, net of tax (dollars in thousands):
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Unrealized |
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Gains |
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(Losses) for |
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Unrealized |
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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 |
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Value of Cash |
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(Losses) |
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Securities |
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to HTM |
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Flow Hedges |
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on BOLI |
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Total |
AOCI - 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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29,006 |
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— |
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|
12,445 |
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|
10 |
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|
41,461 |
Amounts reclassified from AOCI into earnings |
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|
32,381 |
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(11) |
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— |
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|
1,106 |
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|
33,476 |
Net current period other comprehensive income (loss) |
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|
61,387 |
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(11) |
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|
12,445 |
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|
1,116 |
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|
74,937 |
AOCI (loss) - December 31, 2023 |
|
$ |
(302,532) |
|
$ |
6 |
|
$ |
(42,165) |
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$ |
1,342 |
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$ |
(343,349) |
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