| Activity in Accumulated Other Comprehensive Income |
Activity in accumulated other comprehensive income for the year ended December 31, 2022, 2021 and 2020 was as follows:
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|
|
|
|
|
|
|
|
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|
|
|
Unrealized
Gains and
Losses on
Available-for-
Sale Securities |
|
|
Tax Benefit
(Expense) |
|
|
Total |
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|
|
(in thousands) |
|
For the year ended December 31, 2022 |
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|
|
|
|
|
|
|
|
Balance at beginning of period |
|
$ |
(11,864 |
) |
|
$ |
3,421 |
|
|
$ |
(8,443 |
) |
Other comprehensive income (loss) before reclassification |
|
|
(113,094 |
) |
|
|
32,552 |
|
|
|
(80,542 |
) |
Net current period other comprehensive income |
|
|
(113,094 |
) |
|
|
32,552 |
|
|
|
(80,542 |
) |
Balance at end of period |
|
$ |
(124,958 |
) |
|
$ |
35,973 |
|
|
$ |
(88,985 |
) |
|
|
|
|
|
|
|
|
|
|
For the year ended December 31, 2021 |
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|
|
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|
|
Balance at beginning of period |
|
$ |
4,323 |
|
|
$ |
(1,247 |
) |
|
$ |
3,076 |
|
Other comprehensive income (loss) before reclassification |
|
|
(16,686 |
) |
|
|
4,668 |
|
|
|
(12,018 |
) |
Reclassification from accumulated other comprehensive income |
|
|
499 |
|
|
|
— |
|
|
|
499 |
|
Net current period other comprehensive income |
|
|
(16,187 |
) |
|
|
4,668 |
|
|
|
(11,519 |
) |
Balance at end of period |
|
$ |
(11,864 |
) |
|
$ |
3,421 |
|
|
$ |
(8,443 |
) |
|
|
|
|
|
|
|
|
|
|
For the year ended December 31, 2020 |
|
|
|
|
|
|
|
|
|
Balance at beginning of period |
|
$ |
4,752 |
|
|
$ |
(1,370 |
) |
|
$ |
3,382 |
|
Other comprehensive income (loss) before reclassification |
|
|
15,283 |
|
|
|
123 |
|
|
|
15,406 |
|
Reclassification from accumulated other comprehensive income |
|
|
(15,712 |
) |
|
|
— |
|
|
|
(15,712 |
) |
Net current period other comprehensive income |
|
|
(429 |
) |
|
|
123 |
|
|
|
(306 |
) |
Balance at end of period |
|
$ |
4,323 |
|
|
$ |
(1,247 |
) |
|
$ |
3,076 |
|
|