Annual report pursuant to Section 13 and 15(d)

STOCKHOLDERS' EQUITY (Tables)

v3.24.0.1
STOCKHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
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):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

​

​

    

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 (loss) - December 31, 2022

​

$

(363,919)

​

$

17

​

$

(54,610)

​

$

226

​

$

(418,286)

Other comprehensive (loss) income:

​

 

  

​

 

  

​

 

  

​

 

  

​

 

  

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

    

​

​

    

​

​

    

​

​

​

​

​

​

​

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:

​

 

  

​

 

  

​

 

  

​

 

  

​

 

  

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

​