Accumulated Other Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2023

Accumulated Other Comprehensive Income

Schedule of amounts in accumulated other comprehensive income (loss) to be recognized over next fiscal year

The components of accumulated other comprehensive income (AOCI), included in stockholders’ equity, are as follows:

	2023		2022
	(In Thousands)
Net unrealized gain (loss) on available-for-sale securities	$	(53,685)	$	(62,622)
Net unrealized gain (loss) on held-to-maturity securities		(65)		118
Net unrealized gain (loss) on active derivatives used for cash flow hedges		(17,296)		(31,277)
Net unrealized gain on terminated derivatives used for cash flow hedges		14,354		22,478
		(56,692)		(71,303)
Tax effect		14,211		17,948
Net-of-tax amount	$	(42,481)	$	(53,355)

Schedule of amounts reclassified from accumulated other comprehensive income

Amounts reclassified from AOCI and the affected line items in the statements of income during the years ended December 31, 2023, 2022 and 2021, were as follows:

	Amounts Reclassified
	from AOCI						Affected Line Item in the
	2023		2022		2021		Statements of Income
	(In Thousands)
Unrealized loss on available-for-sale securities	$	—	$	(130)	$	—	Net realized gains (losses) on    available-for-sale securities (total    reclassified amount before tax)
Change in fair value of cash flow hedge		8,122		8,123		8,123	Amortization of realized gain on    termination of cash flow hedge (total     reclassification amount before tax)
Income taxes		(1,855)		(1,820)		(1,852)	Tax (expense) benefit
Total reclassifications out of AOCI	$	6,267	$	6,173	$	6,271