| Activity in Accumulated Other Comprehensive Income |
Activity in accumulated other comprehensive income for the year ended December 31, 2025, 2024 and 2023 was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized
Gains and
Losses on
Available for
Sale Securities |
|
|
Unrealized
Gains and
Losses on
Cash Flow Hedge |
|
|
Tax Benefit
(Expense) |
|
|
Total |
|
|
|
(in thousands) |
|
For the year ended December 31, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
Balance at beginning of period |
|
$ |
(98,765 |
) |
|
$ |
(534 |
) |
|
$ |
28,576 |
|
|
$ |
(70,723 |
) |
Other comprehensive income (loss) before reclassification |
|
|
37,629 |
|
|
|
(128 |
) |
|
|
(9,380 |
) |
|
|
28,121 |
|
Reclassification from accumulated other comprehensive income |
|
|
— |
|
|
|
802 |
|
|
|
(243 |
) |
|
|
559 |
|
Effect of deferred tax remeasurement due to change in state tax law |
|
|
— |
|
|
|
— |
|
|
|
(1,132 |
) |
|
|
(1,132 |
) |
Net current period other comprehensive income |
|
|
37,629 |
|
|
|
674 |
|
|
|
(10,755 |
) |
|
|
27,548 |
|
Balance at end of period |
|
$ |
(61,136 |
) |
|
$ |
140 |
|
|
$ |
17,821 |
|
|
$ |
(43,175 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
For the year ended December 31, 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
Balance at beginning of period |
|
$ |
(101,292 |
) |
|
$ |
306 |
|
|
$ |
29,058 |
|
|
$ |
(71,928 |
) |
Other comprehensive income (loss) before reclassification |
|
|
2,527 |
|
|
|
(2,373 |
) |
|
|
(41 |
) |
|
|
113 |
|
Reclassification from accumulated other comprehensive income |
|
|
— |
|
|
|
1,533 |
|
|
|
(441 |
) |
|
|
1,092 |
|
Net current period other comprehensive income |
|
|
2,527 |
|
|
|
(840 |
) |
|
|
(482 |
) |
|
|
1,205 |
|
Balance at end of period |
|
$ |
(98,765 |
) |
|
$ |
(534 |
) |
|
$ |
28,576 |
|
|
$ |
(70,723 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
For the year ended December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
Balance at beginning of period |
|
$ |
(124,958 |
) |
|
$ |
— |
|
|
$ |
35,973 |
|
|
$ |
(88,985 |
) |
Other comprehensive income (loss) before reclassification |
|
|
21,795 |
|
|
|
306 |
|
|
|
(6,351 |
) |
|
|
15,750 |
|
Reclassification from accumulated other comprehensive income |
|
|
1,871 |
|
|
|
— |
|
|
|
(564 |
) |
|
|
1,307 |
|
Net current period other comprehensive income |
|
|
23,666 |
|
|
|
306 |
|
|
|
(6,915 |
) |
|
|
17,057 |
|
Balance at end of period |
|
$ |
(101,292 |
) |
|
$ |
306 |
|
|
$ |
29,058 |
|
|
$ |
(71,928 |
) |
|