| Change in Accumulated Other Comprehensive Income |
The change in AOCI for the three and nine months ended September 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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|
|
Gains (Losses) |
|
Securities |
|
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 |
|
Flow Hedge |
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BOLI |
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Total |
AOCI (loss) – June 30, 2024 |
|
$ |
(330,804) |
|
$ |
1 |
|
$ |
(52,775) |
|
$ |
991 |
|
$ |
(382,587) |
Other comprehensive (loss) income: |
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|
Other comprehensive income before reclassification |
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|
66,856 |
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— |
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|
23,589 |
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— |
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|
90,445 |
Amounts reclassified from AOCI into earnings |
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|
(3) |
|
|
— |
|
|
— |
|
|
(162) |
|
|
(165) |
Net current period other comprehensive income (loss) |
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|
66,853 |
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|
— |
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|
23,589 |
|
|
(162) |
|
|
90,280 |
AOCI (loss) – September 30, 2024 |
|
$ |
(263,951) |
|
$ |
1 |
|
$ |
(29,186) |
|
$ |
829 |
|
$ |
(292,307) |
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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 |
|
|
|
|
|
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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|
|
Other comprehensive income (loss) before reclassification |
|
|
33,438 |
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|
— |
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|
12,979 |
|
|
(16) |
|
|
46,401 |
Amounts reclassified from AOCI into earnings |
|
|
5,143 |
|
|
(5) |
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|
— |
|
|
(497) |
|
|
4,641 |
Net current period other comprehensive income (loss) |
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|
38,581 |
|
|
(5) |
|
|
12,979 |
|
|
(513) |
|
|
51,042 |
AOCI (loss) – September 30, 2024 |
|
$ |
(263,951) |
|
$ |
1 |
|
$ |
(29,186) |
|
$ |
829 |
|
$ |
(292,307) |
The change in AOCI for the three and nine months ended September 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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|
|
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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) – June 30, 2023 |
|
$ |
(353,811) |
|
$ |
12 |
|
$ |
(57,221) |
|
$ |
153 |
|
$ |
(410,867) |
Other comprehensive (loss) income: |
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|
|
|
|
|
|
|
|
|
|
|
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|
|
Other comprehensive loss before reclassification |
|
|
(79,193) |
|
|
— |
|
|
(9,581) |
|
|
— |
|
|
(88,774) |
Amounts reclassified from AOCI into earnings |
|
|
21,799 |
|
|
(2) |
|
|
— |
|
|
(62) |
|
|
21,735 |
Net current period other comprehensive loss |
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|
(57,394) |
|
|
(2) |
|
|
(9,581) |
|
|
(62) |
|
|
(67,039) |
AOCI (loss) – September 30, 2023 |
|
$ |
(411,205) |
|
$ |
10 |
|
$ |
(66,802) |
|
$ |
91 |
|
$ |
(477,906) |
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|
Unrealized Gain |
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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: |
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|
|
|
|
|
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|
|
|
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|
|
Other comprehensive (loss) income before reclassification |
|
|
(79,669) |
|
|
— |
|
|
(12,192) |
|
|
10 |
|
|
(91,851) |
Amounts reclassified from AOCI into earnings |
|
|
32,383 |
|
|
(7) |
|
|
— |
|
|
(145) |
|
|
32,231 |
Net current period other comprehensive income (loss) |
|
|
(47,286) |
|
|
(7) |
|
|
(12,192) |
|
|
(135) |
|
|
(59,620) |
AOCI (loss) – September 30, 2023 |
|
$ |
(411,205) |
|
$ |
10 |
|
$ |
(66,802) |
|
$ |
91 |
|
$ |
(477,906) |
|