Three months ended March 31, 2020

Three months ended March 31, 2019

Pre-tax

Tax expense/

(benefit)

Net-of-tax

Pre-tax

Tax expense/

(benefit)

Net-of-tax

Beginning balance, gain/(loss), net of tax

(In thousands)

Securities available-for-sale

$

5,714

$

(17,765

)

Cash flow hedge derivatives

(3,412

)

(241

)

Total

$

2,302

$

(18,006

)

Net unrealized gains/(losses) arising during the period

Securities available-for-sale

$

16,833

$

4,976

$

11,857

$

12,491

$

3,692

$

8,799

Cash flow hedge derivatives

(6,073

)

(1,795

)

(4,278

)

(1,738

)

(514

)

(1,224

)

Total

$

10,760

$

3,181

$

7,579

$

10,753

$

3,178

$

7,575

Reclassification adjustment for net losses in net income

Securities available-for-sale

(6

)

(2

)

(4

)

—

Cash flow hedge derivatives

—

Total

(6

)

(2

)

(4

)

—

Total other comprehensive income/(loss)

Securities available-for-sale

$

16,827

$

4,974

$

11,853

$

12,491

$

3,692

$

8,799

Cash flow hedge derivatives

(6,073

)

(1,795

)

(4,278

)

(1,738

)

(514

)

(1,224

)

Total

$

10,754

$

3,179

$

7,575

$

10,753

$

3,178

$

7,575

Ending balance, gain/(loss), net of tax

Securities available-for-sale

$

17,567

$

(8,966

)

Cash flow hedge derivatives

(7,690

)

(1,465

)

Total

$

9,877

$

(10,431

)