Basis of Accounting and Consolidation (Tables)

3 Months Ended

Mar. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Components of Accumulated Other Comprehensive loss

The components of accumulated other comprehensive loss included in stockholders’ equity as of March 31, 2024 and December 31, 2023 are as follows (in thousands):

	Unrealized Losses on Securities
March 31, 2024
Net unrealized losses on securities available-for-sale	$	(203,177	)
Tax benefit		55,510
Balance at March 31, 2024	$	(147,667	)
December 31, 2023
Net unrealized losses on securities available-for-sale	$	(192,149	)
Tax benefit		55,722
Balance at December 31, 2023	$	(136,427	)

Schedule of Amounts Reclassified from Accumulated Other Comprehensive Income

Amounts reclassified from accumulated other comprehensive loss and the affected line items in the statements of income during the three months ended March 31, 2024 and 2023, were as follows (in thousands):

	Amounts Reclassified from Other Comprehensive Income (Loss)
		Three months ended
		March 31,
		2024		2023			Affected Line Item in the Statements of Income
Realized gain (loss) on available-for-sale securities		$	—	$	(46	)	Securities (loss) gain, net
Tax effect			—		13		Income taxes
Total reclassifications out of accumulated other comprehensive income (loss)		$	—	$	(33	)	Net reclassified amount