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Accumulated Other Comprehensive Income (Loss)
 12 Months Ended
Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income (Loss)

Note 12 — Accumulated Other Comprehensive Income (Loss)

Activity in accumulated other comprehensive income for the year ended December 31, 2022, 2021 and 2020 was as follows:

 

 

 

Unrealized
Gains and
Losses on
Available-for-
Sale Securities

 

 

Tax Benefit
(Expense)

 

 

Total

 

 

 

(in thousands)

 

For the year ended December 31, 2022

 

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

(11,864

)

 

$

3,421

 

 

$

(8,443

)

Other comprehensive income (loss) before reclassification

 

 

(113,094

)

 

 

32,552

 

 

 

(80,542

)

Net current period other comprehensive income

 

 

(113,094

)

 

 

32,552

 

 

 

(80,542

)

Balance at end of period

 

$

(124,958

)

 

$

35,973

 

 

$

(88,985

)

 

 

 

 

 

 

 

 

 

 

For the year ended December 31, 2021

 

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

4,323

 

 

$

(1,247

)

 

$

3,076

 

Other comprehensive income (loss) before reclassification

 

 

(16,686

)

 

 

4,668

 

 

 

(12,018

)

Reclassification from accumulated other comprehensive income

 

 

499

 

 

 

—

 

 

 

499

 

Net current period other comprehensive income

 

 

(16,187

)

 

 

4,668

 

 

 

(11,519

)

Balance at end of period

 

$

(11,864

)

 

$

3,421

 

 

$

(8,443

)

 

 

 

 

 

 

 

 

 

 

For the year ended December 31, 2020

 

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

4,752

 

 

$

(1,370

)

 

$

3,382

 

Other comprehensive income (loss) before reclassification

 

 

15,283

 

 

 

123

 

 

 

15,406

 

Reclassification from accumulated other comprehensive income

 

 

(15,712

)

 

 

—

 

 

 

(15,712

)

Net current period other comprehensive income

 

 

(429

)

 

 

123

 

 

 

(306

)

Balance at end of period

 

$

4,323

 

 

$

(1,247

)

 

$

3,076

 

 

For the year ended December 31, 2022, there was no sale of securities.

For the year ended December 31, 2021, there was a $0.5 million reclassification from accumulated other comprehensive income to net loss on sales of securities in noninterest income. Net unrealized losses of $0.1 million related to these sold securities had previously been recorded in accumulated other comprehensive income or loss.

For the year ended December 31, 2020, there was a $15.7 million reclassification from accumulated other comprehensive income to net gain on sales of securities in noninterest income. Net unrealized gains of $15.3 million related to these sold securities had previously been recorded in accumulated other comprehensive income or loss.