Changes in Accumulated Other Comprehensive Income (Loss) By Component (Tables)

6 Months Ended

Jun. 30, 2021

Equity [Abstract]

Changes in Accumulated Other Comprehensive Income (Loss)

The following tables present the changes in accumulated other comprehensive income (loss) by component for the three and six months ended June 30, 2021 and 2020. Amounts in parentheses indicate reductions to AOCI.

	Three Months Ended June 30, 2021
(amounts in thousands)	Unrealized Gains (Losses) on Available for Sale Securities (1)		Unrealized Gains (Losses) on Cash Flow Hedges (2)		Total
Balance - March 31, 2021	$	6,169	$	(778)	$	5,391
Unrealized gains (losses) arising during period, before tax	592		6		598
Income tax effect	(154)		(2)		(156)
Other comprehensive income (loss) before reclassifications	438		4		442
Reclassification adjustments for (gains) losses included in net income, before tax	(1,812)		1,046		(766)
Income tax effect	471		(272)		199
Amounts reclassified from accumulated other comprehensive income (loss) to net income	(1,341)		774		(567)
Net current-period other comprehensive income (loss)	(903)		778		(125)
Balance - June 30, 2021	$	5,266	$	—	$	5,266

	Three Months Ended June 30, 2020
(amounts in thousands)	Unrealized Gains (Losses) on Available for Sale Securities (1)		Unrealized Gains (Losses) on Cash Flow Hedges (2)		Total
Balance - March 31, 2020	$	4,614	$	(34,789)	$	(30,175)
Unrealized gains (losses) arising during period, before tax	35,315		(6,369)		28,946
Income tax effect	(9,182)		1,684		(7,498)
Other comprehensive income (loss) before reclassifications	26,133		(4,685)		21,448
Reclassification adjustments for (gains) losses included in net income, before tax	(4,353)		2,718		(1,635)
Income tax effect	1,131		(734)		397
Amounts reclassified from accumulated other comprehensive income (loss) to net income	(3,222)		1,984		(1,238)
Net current-period other comprehensive income (loss)	22,911		(2,701)		20,210
Balance - June 30, 2020	$	27,525	$	(37,490)	$	(9,965)

(1)Reclassification amounts for AFS debt securities are reported as gain or loss on sale of investment securities on the consolidated statements of income.

(2)Reclassification amounts for cash flow hedges are reported as interest expense for the applicable hedged items or loss on cash flow hedge derivative terminations on the consolidated statements of income.

	Six Months Ended June 30, 2021
(amounts in thousands)	Unrealized Gains (Losses) Available for Sale Securities (1)		Unrealized  Gains (Losses) on Cash Flow  Hedges (2)		Total
Balance - December 31, 2020	$	23,312	$	(29,076)	$	(5,764)
Unrealized gains (losses) arising during period, before tax	992		12,321		13,313
Income tax effect	(258)		(3,204)		(3,462)
Other comprehensive income (loss) before reclassifications	734		9,117		9,851
Reclassification adjustments for (gains) losses included in net income, before tax	(25,378)		26,972		1,594
Income tax effect	6,598		(7,013)		(415)
Amounts reclassified from accumulated other comprehensive income (loss) to net income	(18,780)		19,959		1,179
Net current-period other comprehensive income (loss)	(18,046)		29,076		11,030
Balance - June 30, 2021	$	5,266	$	—	$	5,266

	Six Months Ended June 30, 2020
(amounts in thousands)	Unrealized Gains (Losses) on Available for Sale Securities (1)		Unrealized Gains (Losses) on Cash Flow Hedges (2)		Total
Balance - December 31, 2019	$	14,287	$	(15,537)	$	(1,250)
Unrealized gains (losses) arising during period, before tax	26,217		(34,066)		(7,849)
Income tax effect	(6,816)		9,035		2,219
Other comprehensive income (loss) before reclassifications	19,401		(25,031)		(5,630)
Reclassification adjustments for (gains) losses included in net income, before tax	(8,328)		4,196		(4,132)
Income tax effect	2,165		(1,118)		1,047
Amounts reclassified from accumulated other comprehensive income (loss) to net income	(6,163)		3,078		(3,085)
Net current-period other comprehensive income	13,238		(21,953)		(8,715)
Balance - June 30, 2020	$	27,525	$	(37,490)	$	(9,965)

(1)Reclassification amounts for AFS debt securities are reported as gain or loss on sale of investment securities on the consolidated statements of income.

(2)Reclassification amounts for cash flow hedges are reported as interest expense for the applicable hedged items or loss on cash flow hedge derivative terminations on the consolidated statements of income.