Accumulated Other Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2020

The following tables present the changes in accumulated other comprehensive income after-tax by component:


Three and nine months ended September 30, 2020
(in thousands)	Net Unrealized Gain (Loss) on Available-for-Sale Debt Securities		Unamortized Gain (Loss) on Held-to-Maturity Securities		Net Unrealized Loss on Cash Flow Hedges		Total
Balance, June 30, 2020	$	27,872	$	13,099	$	(8,162)	$	32,809
Net change	$	(220)	$	(705)	$	624	$	(301)

Balance, September 30, 2020	$	27,652	$	12,394	$	(7,538)	$	32,508

Balance, December 31, 2019	$	14,977	$	4,934	$	(2,162)	$	17,749
Net change	$	21,325	$	(1,190)	$	(5,376)	$	14,759
Transfer from available-for-sale to held-to-maturity	(8,650)		8,650		—		—
Balance, September 30, 2020	$	27,652	$	12,394	$	(7,538)	$	32,508

Three and nine months ended September 30, 2019
(in thousands)	Net Unrealized Gain (Loss) on Available-for-Sale Debt Securities		Unamortized Gain (Loss) on Held-to-Maturity Securities		Net Unrealized Loss on Cash Flow Hedges		Total
Balance, June 30, 2019	$	15,517	$	(230)	$	(2,213)	$	13,074
Net change	$	6,764	$	10	$	(637)	$	6,137
Balance, September 30, 2019	$	22,281	$	(220)	$	(2,850)	$	19,211

Balance, December 31, 2018	$	(9,047)	$	(235)	$	—	$	(9,282)
Net change	$	31,328	$	15	$	(2,850)	$	28,493
Balance, September 30, 2019	$	22,281	$	(220)	$	(2,850)	$	19,211

The following tables present the pre-tax and after-tax changes in the components of other comprehensive income:


	Three months ended September 30,
(in thousands)	2020										2019
	Pre-tax		Tax effect		After-tax		Pre-tax		Tax effect		After-tax
Change in unrealized gain on available-for-sale debt securities	$	125	$	31	$	94	$	9,320	$	2,302	$	7,018
Reclassification adjustment for realized gain on sale of available-for-sale debt securities^(a)	(417)		(103)		(314)		(337)		(83)		(254)
Reclassification of (gain) loss on held-to-maturity securities^(b)	(936)		(231)		(705)		13		3		10
Change in unrealized gain (loss) on cash flow hedges arising during the period	146		36		110		(888)		(219)		(669)
Reclassification of loss on cash flow hedges^(b)	683		169		514		42		10		32
Total other comprehensive income	$	(399)	$	(98)	$	(301)	$	8,150	$	2,013	$	6,137

	Nine months ended September 30,
	2020										2019
	Pre-tax		Tax effect		After-tax		Pre-tax		Tax effect		After-tax
Change in unrealized gain on available-for-sale debt securities	$	28,741	$	7,099	$	21,642	$	41,649	$	10,287	$	31,362
Reclassification adjustment for realized gain on sale of available-for-sale debt securities^(a)	(421)		(104)		(317)		(45)		(11)		(34)
Reclassification of (gain) loss on held-to-maturity securities^(b)	(1,580)		(390)		(1,190)		20		5		15
Change in unrealized loss on cash flow hedges arising during the period	(8,296)		(2,049)		(6,247)		(3,833)		(947)		(2,886)
Reclassification of loss on cash flow hedges^(b)	1,157		286		871		47		11		36
Total other comprehensive income	$	19,601	$	4,842	$	14,759	$	37,838	$	9,345	$	28,493

^(a)The pre-tax amount is reported in noninterest income/expense in the Consolidated Statements of Operations

^(b)The pre-tax amount is reported in interest income/expense in the Consolidated Statements of Operations