Accumulated Other Comprehensive Loss/Income (“AOCL/AOCI”)

9 Months Ended

Sep. 30, 2025

Accumulated Other Comprehensive Loss/Income (“AOCL/AOCI”):

The components of AOCL/AOCI are summarized as follows using applicable blended average federal and state tax rates for each period:


	September 30, 2025						December 31, 2024
(in thousands)	Before Tax Amount		Tax Effect		Net of Tax Amount		Before Tax Amount		Tax Effect		Net of Tax Amount
Net unrealized holding losses on debt securities available for sale	$	(10,466)	$	2,673	$	(7,793)	$	(54,828)	$	14,006	$	(40,822)
Net unrealized holding gains on interest rate swaps designated as cash flow hedges	1,155		(294)		861		1,364		(348)		1,016
Total AOCL	$	(9,311)	$	2,379	$	(6,932)	$	(53,464)	$	13,658	$	(39,806)

The components of other comprehensive income for the periods presented are summarized as follows:


	Three Months Ended September 30,
	2025						2024
(in thousands)	Before Tax Amount		Tax Effect		Net of Tax Amount		Before Tax Amount		Tax Effect		Net of Tax Amount
Net unrealized holding gains on debt securities available for sale:
Change in fair value arising during the period	$	24,921	$	(6,368)	$	18,553	$	20,411	$	(5,269)	$	15,142
Reclassification adjustment for net losses included in net income	—		—		—		68,564		(17,332)		51,232
	$	24,921	$	(6,368)	$	18,553	$	88,975	$	(22,601)	$	66,374
Net unrealized holding gains (losses) on interest rate swaps designated as cash flow hedges:
Change in fair value arising during the period	109		(27)		82		(278)		73		(205)
Reclassification adjustment for net interest income included in net income	(160)		41		(119)		(287)		72		(215)
	(51)		14		(37)		(565)		145		(420)
Total other comprehensive income	$	24,870	$	(6,354)	$	18,516	$	88,410	$	(22,456)	$	65,954


	Nine Months Ended September 30,
	2025						2024
(in thousands)	Before Tax Amount		Tax Effect		Net of Tax Amount		Before Tax Amount		Tax Effect		Net of Tax Amount
Net unrealized holding gains on debt securities available for sale:
Change in fair value arising during the period	$	44,362	$	(11,333)	$	33,029	$	9,554	$	(2,494)	$	7,060
Reclassification adjustment for net losses included in net income	—		—		—		68,684		(17,362)		51,322
	$	44,362	$	(11,333)	$	33,029	$	78,238	$	(19,856)	$	58,382
Net unrealized holding losses on interest rate swaps designated as cash flow hedges:
Change in fair value arising during the period	359		(91)		268		120		(28)		92
Reclassification adjustment for net interest income included in net income	(568)		145		(423)		(855)		216		(639)
	(209)		54		(155)		(735)		188		(547)
Total other comprehensive income	$	44,153	$	(11,279)	$	32,874	$	77,503	$	(19,668)	$	57,835

Amerant Bancorp Inc. 10-Q