XML 68 R52.htm IDEA: XBRL DOCUMENT v3.25.0.1

Accumulated Other Comprehensive (Loss), Net of Tax (Tables)

12 Months Ended

Dec. 31, 2024

Equity [Abstract]

Schedule of Other Comprehensive Income (Loss)

The following table summarizes the changes in each component of accumulated other comprehensive (loss) income, net of the related tax impact:

(In thousands)			Investment Securities Available- for-Sale			Derivative Financial Instruments			Defined Benefit Pension and Other Postretirement Benefit Plans			Total
Balance at December 31, 2021			$	4,536		$	6,070		$	(33,186)		$	(22,580)
Other comprehensive (loss) before reclassifications			(640,656)			(17,810)			(13,350)			(671,816)
Amounts reclassified from accumulated other comprehensive income (loss)			4,960			2,866			1,610			9,436
Other comprehensive (loss), net of tax			(635,696)			(14,944)			(11,740)			(662,380)
Balance at December 31, 2022			(631,160)			(8,874)			(44,926)			(684,960)
Other comprehensive income before reclassifications			86,391			4,066			11,794			102,251
Amounts reclassified from accumulated other comprehensive (loss)			27,319			1,939			2,880			32,138
Other comprehensive income, net of tax			113,710			6,005			14,674			134,389
Balance at December 31, 2023			(517,450)			(2,869)			(30,252)			(550,571)
Other comprehensive (loss) income before reclassifications			(104,628)			(7,223)			2,397			(109,454)
Amounts reclassified from accumulated other comprehensive (loss)			101,760			492			1,390			103,642
Other comprehensive (loss) income, net of tax			(2,868)			(6,731)			3,787			(5,812)
Balance at December 31, 2024			$	(520,318)		$	(9,600)		$	(26,465)		$	(556,383)

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table further summarizes the amounts reclassified from accumulated other comprehensive (loss) income:

			Years ended December 31,
Accumulated Other Comprehensive (Loss) Income Components			2024						2023						2022			Associated Line Item in the Consolidated Statements Of Income
(In thousands)
Investment securities available-for-sale:
Net unrealized (losses)			$	(138,794)					$	(37,356)					$	(6,751)		(Loss) on sale of investment securities (1)
Tax benefit			37,034						10,037						1,791			Income tax expense
Net of tax			$	(101,760)					$	(27,319)					$	(4,960)
Derivative financial instruments:
Hedge terminations			$	(34)					$	(310)					$	(306)		Interest expense
Premium amortization			(533)						(2,349)						(3,626)			Interest income
Tax benefit			75						720						1,066			Income tax expense
Net of tax			$	(492)					$	(1,939)					$	(2,866)
Defined benefit pension and other postretirement benefit plans:
Actuarial net loss amortization			$	(1,907)					$	(2,083)					$	(2,210)		Other expense
Other			—						(1,869)						—			Other expense
Tax benefit			517						1,072						600			Income tax expense
Net of tax			$	(1,390)					$	(2,880)					$	(1,610)

(1)Losses realized on sale of investment securities available-for-sale are generally included as a component of non-interest income on the accompanying Consolidated Statements of Income unless any portion or all of the loss is due to credit related factors, in which the amount is then included in the Provision for credit losses. During the years ended December 31, 2024, and 2023, $2.6 million and $3.8 million, respectively, of the total losses realized on sale of investment securities available-for-sale were included in the Provision for credit losses. There were no losses realized on sale of investment securities available-for-sale included in the Provision for credit losses for the year ended December 31, 2022.

The following tables summarize each component of other comprehensive (loss) income and the related tax effects:

			Year ended December 31, 2024
(In thousands)			Amount Before Tax			Tax Benefit (Expense)			Amount Net of Tax
Investment securities available-for-sale:
Net unrealized (losses) arising during the year			$	(143,049)		$	38,421		$	(104,628)
Reclassification adjustment for net realized losses included in net income			138,794			(37,034)			101,760
Total investment securities available-for-sale			(4,255)			1,387			(2,868)
Derivative financial instruments:
Net unrealized (losses) arising during the year			(9,911)			2,688			(7,223)
Reclassification adjustment for net realized losses included in net income			567			(75)			492
Total derivative financial instruments			(9,344)			2,613			(6,731)
Defined benefit pension and other postretirement benefit plans:
Net actuarial gain arising during the year			3,290			(893)			2,397
Reclassification adjustment for actuarial net loss amortization included in net income			1,907			(517)			1,390
Total defined benefit pension and other postretirement benefit plans			5,197			(1,410)			3,787
Other comprehensive (loss), net of tax			$	(8,402)		$	2,590		$	(5,812)
			Year ended December 31, 2023
(In thousands)			Amount Before Tax			Tax Benefit (Expense)			Amount Net of Tax
Investment securities available-for-sale:
Net unrealized gains arising during the year			$	118,410		$	(32,019)		$	86,391
Reclassification adjustment for net realized losses included in net income			37,356			(10,037)			27,319
Total investment securities available-for-sale			155,766			(42,056)			113,710
Derivative financial instruments:
Net unrealized gains arising during the year			5,578			(1,512)			4,066
Reclassification adjustment for net realized losses included in net income			2,659			(720)			1,939
Total derivative financial instruments			8,237			(2,232)			6,005
Defined benefit pension and other postretirement benefit plans:
Net actuarial gain arising during the year			16,183			(4,389)			11,794
Reclassification adjustment for actuarial net loss amortization and other included in net income			3,952			(1,072)			2,880
Total defined benefit pension and other postretirement benefit plans			20,135			(5,461)			14,674
Other comprehensive income, net of tax			$	184,138		$	(49,749)		$	134,389
			Year ended December 31, 2022
(In thousands)			Amount Before Tax			Tax Benefit (Expense)			Amount Net of Tax
Investment securities available-for-sale:
Net unrealized (losses) arising during the year			$	(878,366)		$	237,710		$	(640,656)
Reclassification adjustment for net realized losses included in net income			6,751			(1,791)			4,960
Total investment securities available-for-sale			(871,615)			235,919			(635,696)
Derivative financial instruments:
Net unrealized (losses) arising during the year			(24,440)			6,630			(17,810)
Reclassification adjustment for net realized losses included in net income			3,932			(1,066)			2,866
Total derivative financial instruments			(20,508)			5,564			(14,944)
Defined benefit pension and other postretirement benefit plans:
Net actuarial (loss) arising during the year			(18,319)			4,969			(13,350)
Reclassification adjustment for net actuarial loss amortization included in net income			2,210			(600)			1,610
Total defined benefit pension and other postretirement benefit plans			(16,109)			4,369			(11,740)
Other comprehensive (loss), net of tax			$	(908,232)		$	245,852		$	(662,380)

X

- References

No definition available.

+ Details

Name:	us-gaap_EquityAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-14A

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481674/830-30-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-20

+ Details

Name:	us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 1
-Section 45
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1

+ Details

Name:	us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration