| Schedule of Accumulated Other Comprehensive Income (Loss) |
The following tables present the changes in accumulated other comprehensive income after-tax by component: | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended | | (in thousands) | Net Unrealized Gain (Loss) on Available-for-Sale Securities | | Unamortized Gain (Loss) on Held-to-Maturity Securities | | Net Unrealized Gain (Loss) on Cash Flow Hedges | | Total | | Balance, June 30, 2022 | $ | (123,521) | | | $ | 14,476 | | | $ | 564 | | | $ | (108,481) | | | Net change | $ | (45,283) | | | $ | (647) | | | $ | 1,220 | | | $ | (44,710) | | | | | | | | | | | Balance, September 30, 2022 | $ | (168,804) | | | $ | 13,829 | | | $ | 1,784 | | | $ | (153,191) | | | | | | | | | | | Balance, June 30, 2021 | $ | 14,250 | | | $ | 17,322 | | | $ | (3,300) | | | $ | 28,272 | | | Net change | $ | (7,870) | | | $ | (805) | | | $ | 305 | | | $ | (8,370) | | | | | | | | | | | Balance, September 30, 2021 | $ | 6,380 | | | $ | 16,517 | | | $ | (2,995) | | | $ | 19,902 | | | | | | | | | | | Nine months ended | | (in thousands) | Net Unrealized Gain (Loss) on Available-for-Sale Debt Securities | | Unamortized Gain (Loss) on Held-to-Maturity Securities | | Net Unrealized Gain (Loss) on Cash Flow Hedges | | Total | | Balance, December 31, 2021 | $ | 5,271 | | | $ | 15,684 | | | $ | (2,178) | | | $ | 18,777 | | | Net change | (173,878) | | | (2,052) | | | 3,962 | | | (171,968) | | | Transfer from available-for-sale to held-to-maturity | $ | (197) | | | $ | 197 | | | $ | — | | | $ | — | | | Balance, September 30, 2022 | $ | (168,804) | | | $ | 13,829 | | | $ | 1,784 | | | $ | (153,191) | | | | | | | | | | | Balance, December 31, 2020 | $ | 22,320 | | | $ | 19,308 | | | $ | (4,508) | | | $ | 37,120 | | | Net change | $ | (15,940) | | | $ | (2,791) | | | $ | 1,513 | | | $ | (17,218) | | | | | | | | | | | Balance, September 30, 2021 | $ | 6,380 | | | $ | 16,517 | | | $ | (2,995) | | | $ | 19,902 | |
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| Schedule of Pre-tax and After-tax Changes in the Components of Other Comprehensive Income |
The following tables present the pre-tax and after-tax changes in the components of other comprehensive income: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended September 30, | | 2022 | | 2021 | | (in thousands) | Pre-tax | | Tax effect | | After-tax | | Pre-tax | | Tax effect | | After-tax | | Change in unrealized loss on available-for-sale debt securities | $ | (60,539) | | | $ | (15,256) | | | $ | (45,283) | | | $ | (10,479) | | | $ | (2,609) | | | $ | (7,870) | | | | | | | | | | | | | | Reclassification of gain on held-to-maturity securities(a) | (865) | | | (218) | | | (647) | | | (1,072) | | | (267) | | | (805) | | | Change in unrealized gain on cash flow hedges arising during the period | 1,557 | | | 392 | | | 1,165 | | | 12 | | | 3 | | | 9 | | Reclassification of loss on cash flow hedges(a) | 73 | | | 18 | | | 55 | | | 395 | | | 99 | | | 296 | | | Total other comprehensive loss | $ | (59,774) | | | $ | (15,064) | | | $ | (44,710) | | | $ | (11,144) | | | $ | (2,774) | | | $ | (8,370) | | | | | | | | | | | | | | | Nine months ended September 30, | | 2022 | | 2021 | | (in thousands) | Pre-tax | | Tax effect | | After-tax | | Pre-tax | | Tax effect | | After-tax | | Change in unrealized loss on available-for-sale debt securities | $ | (232,457) | | | $ | (58,579) | | | $ | (173,878) | | | $ | (21,226) | | | $ | (5,285) | | | $ | (15,941) | | | | | | | | | | | | | | Reclassification of gain on held-to-maturity securities(a) | (2,743) | | | (691) | | | (2,052) | | | (3,716) | | | (925) | | | (2,791) | | | Change in unrealized gain on cash flow hedges arising during the period | 4,615 | | | 1,164 | | | 3,451 | | | 867 | | | 216 | | | 651 | | Reclassification of loss on cash flow hedges(a) | 682 | | | 171 | | | 511 | | | 1,149 | | | 286 | | | 863 | | | Total other comprehensive loss | $ | (229,903) | | | $ | (57,935) | | | $ | (171,968) | | | $ | (22,926) | | | $ | (5,708) | | | $ | (17,218) | | | | | | | | | | | | | | | (a)The pre-tax amount is reported in interest income/expense in the Consolidated Statements of Operations. |
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