Schedule of Changes in Accumulated Balances of AOCI Including Current Period Other Comprehensive Income (Loss) and Reclassifications Out of AOCI |
The following table summarizes changes in the accumulated balances for each component of AOCI, including current period other comprehensive income (loss) and reclassifications out of AOCI, for the periods presented. | | | | | | | | | | | | | | | | | | | | | Unrealized Gains (Losses) on Cash Flow Hedges | | Unrealized Gains (Losses) on Available-for-Sale Debt Securities | | | | Total | AOCI balance at December 31, 2020 | $ | (20,028) | | | $ | 3,889 | | | | | $ | (16,139) | | Other comprehensive income (loss) before reclassifications | 34,379 | | | (6,858) | | | | | 27,521 | | Less: gain (loss) reclassified from AOCI | (1,454) | | | — | | | | | (1,454) | | Tax effect | — | | | 1,596 | | | | | 1,596 | | Net current period other comprehensive income (loss) | 35,833 | | | (5,262) | | | | | 30,571 | | AOCI balance at December 31, 2021 | $ | 15,805 | | | $ | (1,373) | | | | | $ | 14,432 | | Other comprehensive income (loss) before reclassifications | 29,045 | | | (13,967) | | | | | 15,078 | | Less: gain (loss) reclassified from AOCI | 36,624 | | | — | | | | | 36,624 | | Tax effect | — | | | 3,247 | | | | | 3,247 | | Net current period other comprehensive income (loss) | (7,579) | | | (10,720) | | | | | (18,299) | | AOCI balance at December 31, 2022 | $ | 8,226 | | | $ | (12,093) | | | | | $ | (3,867) | | Other comprehensive income (loss) before reclassifications | (37,720) | | | 16,885 | | | | | (20,835) | | Less: gain (loss) reclassified from AOCI | 164 | | | — | | | | | 164 | | Tax effect | — | | | (3,922) | | | | | (3,922) | | Net current period other comprehensive income (loss) | (37,884) | | | 12,963 | | | | | (24,921) | | AOCI balance at December 31, 2023 | $ | (29,658) | | | $ | 870 | | | | | $ | (28,788) | |
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