ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

3 Months Ended

Mar. 31, 2024

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Schedule of changes in accumulated other comprehensive income (loss), net of tax

The following table summarizes the changes in Accumulated Other Comprehensive Income (Loss) balances, net of tax effects at the dates indicated (in thousands):

					Total
					Accumulated
					Other
	AFS		Cash Flow		Comprehensive
	Securities		Hedge		Income (Loss)
Balance at January 1, 2024	$	(54,684)	$	1,748	$	(52,936)
Unrealized gain (loss) arising during the period, net of tax		(2,567)		4,280		1,713
Reclassification adjustment for gain included in net income, net of tax		—		(867)		(867)
Other comprehensive income (loss), net of tax		(2,567)		3,413		846
Balance at March 31, 2024	$	(57,251)	$	5,161	$	(52,090)
Balance at January 1, 2023	$	(61,833)	$	7,535	$	(54,298)
Unrealized gain (loss) arising during the period, net of tax		5,719		(695)		5,024
Reclassification adjustment for gain included in net income, net of tax		—		(858)		(858)
Other comprehensive income (loss), net of tax		5,719		(1,553)		4,166
Balance at March 31, 2023	$	(56,114)	$	5,982	$	(50,132)

The following table presents the tax effects allocated to each component of Accumulated Other Comprehensive Income (Loss) at the dates indicated (in thousands):

	Gross		Tax
	Amount		Component		Total
At March 31, 2024
Unrealized gain (loss) on AFS Securities	$	(82,271)	$	25,020	$	(57,251)
Unrealized gain (loss) on Cash Flow Hedges		7,409		(2,248)		5,161
Total ending other comprehensive income (loss)	$	(74,862)	$	22,772	$	(52,090)
At December 31, 2023
Unrealized gain (loss) on AFS Securities	$	(77,783)	$	23,098	$	(54,685)
Unrealized gain (loss) on Cash Flow Hedges		2,574		(825)		1,749
Total ending other comprehensive income (loss)	$	(75,209)	$	22,273	$	(52,936)

Schedule of reclassifications out of accumulated other comprehensive income

	Gross		Tax
	Amount		Component		Total
At March 31, 2024
Unrealized gain (loss) on AFS Securities	$	(82,271)	$	25,020	$	(57,251)
Unrealized gain (loss) on Cash Flow Hedges		7,409		(2,248)		5,161
Total ending other comprehensive income (loss)	$	(74,862)	$	22,772	$	(52,090)
At December 31, 2023
Unrealized gain (loss) on AFS Securities	$	(77,783)	$	23,098	$	(54,685)
Unrealized gain (loss) on Cash Flow Hedges		2,574		(825)		1,749
Total ending other comprehensive income (loss)	$	(75,209)	$	22,273	$	(52,936)