COMPREHENSIVE (LOSS) INCOME (Tables)

9 Months Ended

Sep. 30, 2022

COMPREHENSIVE (LOSS) INCOME

Schedule of components of accumulated other comprehensive (loss) income

	September 30,		December 31,
	2022		2021
	(in thousands)
Cash flow hedge:
Net unrealized gain	$	8,669	$	1,663
Related tax effect		(2,434)		(466)
Total accumulated other comprehensive income	$	6,235	$	1,197
Securities available for sale:
Net unrealized loss	$	(70,441)	$	(3,635)
Related tax effect		15,525		801
Total accumulated other comprehensive loss	$	(54,916)	$	(2,834)

Summary of changes in accumulated other comprehensive (loss) income

	Three Months Ended September 30,
	2022						2021
	Available		Cash				Available		Cash
	for Sale		Flow				for Sale		Flow
	Securities		Hedge		Total		Securities		Hedge		Total
	(in thousands)
Balance at beginning of period	$	(38,892)	$	4,625	$	(34,267)	$	687	$	142	$	829
Other comprehensive (loss) income before reclassifications		(20,554)		2,658		(17,896)		(2,406)		22		(2,384)
Amounts reclassified from accumulated other comprehensive income (loss)		—		(420)		(420)		(241)		140		(101)
Net current period other comprehensive (loss) income		(20,554)		2,238		(18,316)		(2,647)		162		(2,485)
Related tax effect		4,530		(628)		3,902		584		(46)		538
Balance at end of period	$	(54,916)	$	6,235	$	(48,681)	$	(1,376)	$	258	$	(1,118)

	Nine Months Ended September 30,
	2022						2021
	Available		Cash				Available		Cash
	for Sale		Flow				for Sale		Flow
	Securities		Hedge		Total		Securities		Hedge		Total
	(in thousands)
Balance at beginning of period	$	(2,834)	$	1,197	$	(1,637)	$	3,198	$	(1,013)	$	2,185
Other comprehensive (loss) income before reclassifications		(66,806)		7,386		(59,420)		(5,626)		1,392		(4,234)
Amounts reclassified from accumulated other comprehensive income (loss)		—		(380)		(380)		(241)		373		132
Net current period other comprehensive (loss) income		(66,806)		7,006		(59,800)		(5,867)		1,765		(4,102)
Related tax effect		14,724		(1,968)		12,756		1,293		(494)		799
Balance at end of period	$	(54,916)	$	6,235	$	(48,681)	$	(1,376)	$	258	$	(1,118)