ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)

9 Months Ended

Sep. 30, 2023

Stockholders' Equity Note [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)

11. ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)

The following is a summary of the accumulated other comprehensive income/(loss) balances, net of tax, for the three months ended September 30, 2023 and 2022:

							Amount		Other
							Reclassified		Comprehensive
				Other			From		Income/(Loss)
				Comprehensive			Accumulated		Three Months
	Balance at			Income/(Loss)			Other		Ended			Balance at
	July 1,			Before			Comprehensive		September 30,			September 30,
(In thousands)	2023			Reclassifications			Income/(Loss)		2023			2023
Net unrealized holding gain/(loss) on    securities available for sale, net of tax	$	(76,047	)	$	(14,987	)	$	—	$	(14,987	)	$	(91,034	)
Gain/(loss) on cash flow hedges		8,050			1,331			—		1,331			9,381
Accumulated other comprehensive gain/(loss),    net of tax	$	(67,997	)	$	(13,656	)	$	—	$	(13,656	)	$	(81,653	)

							Amount			Other
							Reclassified			Comprehensive
				Other			From			Income/(Loss)
				Comprehensive			Accumulated			Three Months
	Balance at			Income/(Loss)			Other			Ended			Balance at
	July 1,			Before			Comprehensive			September 30,			September 30,
(In thousands)	2022			Reclassifications			Income/(Loss)			2022			2022
Net unrealized holding gain/(loss) on    securities available for sale, net of tax	$	(59,066	)	$	(23,563	)	$	—		$	(23,563	)	$	(82,629	)
Gain/(loss) on cash flow hedges		339			7,349			(42	)		7,307			7,646
Accumulated other comprehensive gain/(loss),    net of tax	$	(58,727	)	$	(16,214	)	$	(42	)	$	(16,256	)	$	(74,983	)

The following represents the reclassifications out of accumulated other comprehensive income/(loss) for the three months ended September 30, 2023 and 2022:

	Three Months Ended
	September 30,
(In thousands)	2023		2022			Affected Line Item in Income Statement
Unrealized gains/(losses) on cash    flow hedge derivatives:
Reclassification adjustment for amounts    included in net income	$	—	$	(58	)	Interest Expense
Tax effect		—		16		Income tax expense
Total reclassifications, net of tax	$	—	$	(42	)

The following is a summary of the accumulated other comprehensive income/(loss) balances, net of tax, for the nine months ended September 30, 2023 and 2022:

							Amount			Other
							Reclassified			Comprehensive
				Other			From			Income/(Loss)
				Comprehensive			Accumulated			Nine Months
	Balance at			Income/(Loss)			Other			Ended			Balance at
	January 1,			Before			Comprehensive			September 30,			September 30,
(In thousands)	2023			Reclassifications			Income/(Loss)			2023			2023
Net unrealized holding gain/(loss) on    securities available for sale, net of tax	$	(80,972	)	$	(10,062	)	$	—		$	(10,062	)	$	(91,034	)
Gain/(loss) on cash flow hedges		6,761			2,680			(60	)		2,620			9,381
Accumulated other comprehensive    gain/(loss), net of tax	$	(74,211	)	$	(7,382	)	$	(60	)	$	(7,442	)	$	(81,653	)

							Amount			Other
							Reclassified			Comprehensive
				Other			From			Income/(Loss)
				Comprehensive			Accumulated			Nine Months
	Balance at			Income/(Loss)			Other			Ended			Balance at
	January 1,			Before			Comprehensive			September 30,			September 30,
(In thousands)	2022			Reclassifications			Income/(Loss)			2022			2022
Net unrealized holding gain/(loss) on    securities available for sale, net of tax	$	(9,873	)	$	(77,783	)	$	5,027		$	(72,756	)	$	(82,629	)
Gain/(loss) on cash flow hedges		(2,501	)		10,189			(42	)		10,147			7,646
Accumulated other comprehensive    gain/(loss), net of tax	$	(12,374	)	$	(67,594	)	$	4,985		$	(62,609	)	$	(74,983	)

The following represents the reclassifications out of accumulated other comprehensive income/(loss) for the nine months ended September 30, 2023 and 2022:

	Nine Months Ended
	September 30,
(In thousands)	2023			2022			Affected Line Item in Income
Unrealized gains/(losses) on securities    available for sale:
Reclassification adjustment for amounts    included in net income	$	—		$	6,609		Securities losses, net
Tax effect		—			(1,582	)	Income tax expense
Total reclassifications, net of tax	$	—		$	5,027
Unrealized gains/(losses) on cash    flow hedge derivatives:
Reclassification adjustment for amounts    included in net income	$	(84	)	$	(58	)	Interest Expense
Tax effect		24			16		Income tax expense
Total reclassifications, net of tax	$	(60	)	$	(42	)