| Change in Accumulated Other Comprehensive Income |
The change in AOCI for the three and six months ended June 30, 2022 is summarized as follows, net of tax (dollars in thousands):
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
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Unrealized Gains |
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|
|
|
|
|
|
|
|
|
|
|
|
(Losses) |
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|
|
|
|
|
|
|
|
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Unrealized |
|
for AFS |
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|
|
|
Unrealized |
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|
|
|
|
Gains (Losses) |
|
Securities |
|
Change in Fair |
|
Gains |
|
|
|
|
|
on AFS |
|
Transferred to |
|
Value of Cash |
|
(Losses) on |
|
|
|
|
|
Securities |
|
HTM |
|
Flow Hedge |
|
BOLI |
|
Total |
Balance - March 31, 2022 |
|
$ |
(164,204) |
|
$ |
30 |
|
$ |
(24,880) |
|
$ |
(2,429) |
|
$ |
(191,483) |
Other comprehensive (loss) income: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive loss before reclassification |
|
|
(113,374) |
|
|
— |
|
|
(11,572) |
|
|
— |
|
|
(124,946) |
Amounts reclassified from AOCI into earnings |
|
|
1 |
|
|
(5) |
|
|
— |
|
|
150 |
|
|
146 |
Net current period other comprehensive (loss) income |
|
|
(113,373) |
|
|
(5) |
|
|
(11,572) |
|
|
150 |
|
|
(124,800) |
Balance - June 30, 2022 |
|
$ |
(277,577) |
|
$ |
25 |
|
$ |
(36,452) |
|
$ |
(2,279) |
|
$ |
(316,283) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized Gains |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Losses) |
|
|
|
|
|
|
|
|
|
|
|
Unrealized |
|
for AFS |
|
|
|
|
Unrealized |
|
|
|
|
|
Gains (Losses) |
|
Securities |
|
Change in Fair |
|
Gains |
|
|
|
|
|
on AFS |
|
Transferred to |
|
Value of Cash |
|
(Losses) on |
|
|
|
|
|
Securities |
|
HTM |
|
Flow Hedge |
|
BOLI |
|
Total |
Balance - December 31, 2021 |
|
$ |
22,763 |
|
$ |
35 |
|
$ |
(1,567) |
|
$ |
(2,596) |
|
$ |
18,635 |
Other comprehensive (loss) income: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive loss before reclassification |
|
|
(300,341) |
|
|
— |
|
|
(34,885) |
|
|
— |
|
|
(335,226) |
Amounts reclassified from AOCI into earnings |
|
|
1 |
|
|
(10) |
|
|
— |
|
|
317 |
|
|
308 |
Net current period other comprehensive (loss) income |
|
|
(300,340) |
|
|
(10) |
|
|
(34,885) |
|
|
317 |
|
|
(334,918) |
Balance - June 30, 2022 |
|
$ |
(277,577) |
|
$ |
25 |
|
$ |
(36,452) |
|
$ |
(2,279) |
|
$ |
(316,283) |
The change in AOCI for the three and six months ended June 30, 2021 is summarized as follows, net of tax (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized Gain |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(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 |
Balance - March 31, 2021 |
|
$ |
40,974 |
|
$ |
50 |
|
$ |
(1,475) |
|
$ |
(3,048) |
|
$ |
36,501 |
Other comprehensive (loss) income: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive income before reclassification |
|
|
13,818 |
|
|
— |
|
|
2,607 |
|
|
— |
|
|
16,425 |
Amounts reclassified from AOCI into earnings |
|
|
— |
|
|
(5) |
|
|
— |
|
|
151 |
|
|
146 |
Net current period other comprehensive (loss) income |
|
|
13,818 |
|
|
(5) |
|
|
2,607 |
|
|
151 |
|
|
16,571 |
Balance - June 30, 2021 |
|
$ |
54,792 |
|
$ |
45 |
|
$ |
1,132 |
|
$ |
(2,897) |
|
$ |
53,072 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized Gain |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(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 |
Balance - December 31, 2020 |
|
$ |
74,161 |
|
$ |
55 |
|
$ |
— |
|
$ |
(3,201) |
|
$ |
71,015 |
Other comprehensive (loss) income: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive (loss) income before reclassification |
|
|
(19,307) |
|
|
— |
|
|
1,179 |
|
|
— |
|
|
(18,128) |
Amounts reclassified from AOCI into earnings |
|
|
(62) |
|
|
(10) |
|
|
(47) |
|
|
304 |
|
|
185 |
Net current period other comprehensive (loss) income |
|
|
(19,369) |
|
|
(10) |
|
|
1,132 |
|
|
304 |
|
|
(17,943) |
Balance - June 30, 2021 |
|
$ |
54,792 |
|
$ |
45 |
|
$ |
1,132 |
|
$ |
(2,897) |
|
$ |
53,072 |
|