Stockholders' Equity (Tables)

3 Months Ended

6 Months Ended

Jun. 30, 2024

Changes in other comprehensive income are summarized as follows for the periods indicated (in thousands):


	Three Months Ended June 30,
	2024						2023
	Before Tax		Tax Effect		Net of Tax		Before Tax		Tax Effect		Net of Tax
Unrealized gains (losses) on investment securities available for sale:
Net unrealized holding gains (losses) arising during the period	$	36,189	$	(9,409)	$	26,780	$	(24,818)	$	6,453	$	(18,365)
Amounts reclassified to gain on investment securities available for sale, net	(350)		91		(259)		(847)		220		(627)
Net change in unrealized gains (losses) on investment securities available for sale	35,839		(9,318)		26,521		(25,665)		6,673		(18,992)
Unrealized gains (losses) on derivative instruments:
Net unrealized holding gains arising during the period	10,196		(2,651)		7,545		43,720		(11,367)		32,353
Amounts reclassified to interest expense on deposits	(4,683)		1,217		(3,466)		(5,813)		1,511		(4,302)
Amounts reclassified to interest expense on borrowings	(12,018)		3,125		(8,893)		(9,996)		2,599		(7,397)
Amounts reclassified to interest income on loans	810		(211)		599		622		(162)		460

Net change in unrealized gains (losses) on derivative instruments	(5,695)		1,480		(4,215)		28,533		(7,419)		21,114
Other comprehensive income	$	30,144	$	(7,838)	$	22,306	$	2,868	$	(746)	$	2,122


	Six Months Ended June 30,
	2024						2023
	Before Tax		Tax Effect		Net of Tax		Before Tax		Tax Effect		Net of Tax
Unrealized gains (losses) on investment securities available for sale:
Net unrealized holding gains arising during the period	$	72,589	$	(18,873)	$	53,716	$	76,447	$	(19,876)	$	56,571
Amounts reclassified to gain on investment securities available for sale, net	(322)		84		(238)		(1,599)		416		(1,183)
Net change in unrealized gains (losses) on investment securities available for sale	72,267		(18,789)		53,478		74,848		(19,460)		55,388
Unrealized gains (losses) on derivative instruments:
Net unrealized holding gains arising during the period	38,850		(10,101)		28,749		40,794		(10,606)		30,188
Amounts reclassified to interest expense on deposits	(9,609)		2,498		(7,111)		(10,862)		2,824		(8,038)
Amounts reclassified to interest expense on borrowings	(27,730)		7,210		(20,520)		(17,493)		4,548		(12,945)
Amounts reclassified to interest income on loans	1,626		(423)		1,203		1,014		(264)		750
Net change in unrealized gains (losses) on derivative instruments	3,137		(816)		2,321		13,453		(3,498)		9,955
Other comprehensive income	$	75,404	$	(19,605)	$	55,799	$	88,301	$	(22,958)	$	65,343

The categories of AOCI and changes therein are presented below for the periods indicated (in thousands):



	Unrealized Loss on Investment Securities Available for Sale		Unrealized Gain on Derivative Instruments		Total





Balance at March 31, 2024	$	(368,789)	$	44,861	$	(323,928)
Other comprehensive income (loss)	26,521		(4,215)		22,306
Balance at June 30, 2024	$	(342,268)	$	40,646	$	(301,622)

Balance at March 31, 2023	$	(424,531)	$	49,847	$	(374,684)
Other comprehensive income (loss)	(18,992)		21,114		2,122
Balance at June 30, 2023	$	(443,523)	$	70,961	$	(372,562)



	Unrealized Loss on Investment Securities Available for Sale		Unrealized Gain on Derivative Instruments		Total





Balance at December 31, 2023	$	(395,746)	$	38,325	$	(357,421)
Other comprehensive income	53,478		2,321		55,799
Balance at June 30, 2024	$	(342,268)	$	40,646	$	(301,622)

Balance at December 31, 2022	$	(498,911)	$	61,006	$	(437,905)
Other comprehensive income	55,388		9,955		65,343
Balance at June 30, 2023	$	(443,523)	$	70,961	$	(372,562)



	Unrealized Loss on Investment Securities Available for Sale		Unrealized Gain on Derivative Instruments		Total





Balance at December 31, 2023	$	(395,746)	$	38,325	$	(357,421)
Other comprehensive income	53,478		2,321		55,799
Balance at June 30, 2024	$	(342,268)	$	40,646	$	(301,622)

Balance at December 31, 2022	$	(498,911)	$	61,006	$	(437,905)
Other comprehensive income	55,388		9,955		65,343
Balance at June 30, 2023	$	(443,523)	$	70,961	$	(372,562)