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Accumulated Other Comprehensive (Loss), Net of Tax (Tables)
12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Schedule of Other Comprehensive Income (Loss)
The following table summarizes the changes in each component of accumulated other comprehensive (loss), net of the related tax impact:
(In thousands)Investment Securities Available-
for-Sale
Derivative Financial InstrumentsDefined Benefit Pension and Other Postretirement Benefit PlansTotal
Balance at December 31, 2022$(631,160)$(8,874)$(44,926)$(684,960)
Other comprehensive income (loss) before reclassifications90,654 (4,883)11,794 97,565 
Amounts reclassified from accumulated other comprehensive (loss)23,056 10,888 2,880 36,824 
Other comprehensive income, net of tax113,710 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(106,447)(37,446)2,397 (141,496)
Amounts reclassified from accumulated other comprehensive (loss)103,579 30,715 1,390 135,684 
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)
Other comprehensive income before reclassifications186,590 5,902 4,885 197,377 
Amounts reclassified from accumulated other comprehensive (loss)(385)7,439 1,108 8,162 
Other comprehensive income, net of tax186,205 13,341 5,993 205,539 
Balance at December 31, 2025$(334,113)$3,741 $(20,472)$(350,844)
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table further summarizes the amounts reclassified from accumulated other comprehensive (loss):
Years ended December 31,
Accumulated Other Comprehensive (Loss) Components202520242023Associated Line Item on the Consolidated Statements Of Income
(In thousands)
Investment securities available-for-sale:
Net gains (losses) (1)
$528 $(141,418)$(31,533)
Non-interest income (2)
Tax (expense) benefit (143)37,839 8,477 Income tax expense
Net of tax$385 $(103,579)$(23,056)
Derivative financial instruments:
Interest payments (3)
$(10,207)$(41,472)$(12,279)Interest and fees on loans and leases
Hedge terminations$— $(34)$(310)Long-term debt interest expense
Time-value premiums— (533)(2,349)Interest and fees on loans and leases
Tax benefit2,768 11,324 4,050 Income tax expense
Net of tax$(7,439)$(30,715)$(10,888)
Defined benefit pension and other postretirement benefit plans:
Transition obligation$$— $— Other expense
Net actuarial (losses)(1,522)(1,907)(2,083)Other expense
Other— — (1,869)Other expense
Tax benefit412 517 1,072 Income tax expense
Net of tax$(1,108)$(1,390)$(2,880)
(1)Reclassification adjustments for net unrealized gains (losses) on investment securities available-for-sale that were sold are determined by reference to the unrealized gain or loss reported in the month prior to sale.
(2)Gains and losses realized on sales 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. Additional information regarding the presentation of gains and losses realized on sales of investment securities available-for-sale for the years ended December 31, 2025, 2024, and 2023, respectively, can be found within Note 3: Investment Securities.
(3)Over the next 12 months, an estimated $(4.1) million related to cash flow hedge gain or loss will be reclassified from AOCL, increasing Interest and fees on loans and leases as hedge interest payments are made.
The following tables summarize each component of other comprehensive income (loss) and the related tax effects:
Year ended December 31, 2025
(In thousands)Amount
Before Tax
Tax Benefit (Expense)Amount
Net of Tax
Investment securities available-for-sale:
Net unrealized gain arising during the year$255,998 $(69,408)$186,590 
Reclassification adjustment for net realized (gains) included in net income(528)143 (385)
Total investment securities available-for-sale255,470 (69,265)186,205 
Derivative financial instruments:
Net unrealized gain arising during the year8,099 (2,197)5,902 
Reclassification adjustment for net realized losses included in net income10,207 (2,768)7,439 
Total derivative financial instruments18,306 (4,965)13,341 
Defined benefit pension and other postretirement benefit plans:
Net actuarial gain arising during the year6,703 (1,818)4,885 
Reclassification adjustment for amortization of transition obligation and amortization of net actuarial loss included in net income1,520 (412)1,108 
Total defined benefit pension and other postretirement benefit plans8,223 (2,230)5,993 
Other comprehensive income, net of tax$281,999 $(76,460)$205,539 
Year ended December 31, 2024
(In thousands)Amount
Before Tax
Tax Benefit (Expense)Amount
Net of Tax
Investment securities available-for-sale:
Net unrealized (losses) arising during the year$(145,673)$39,226 $(106,447)
Reclassification adjustment for net realized losses included in net income141,418 (37,839)103,579 
Total investment securities available-for-sale(4,255)1,387 (2,868)
Derivative financial instruments:
Net unrealized (losses) arising during the year(51,383)13,937 (37,446)
Reclassification adjustment for net realized losses included in net income42,039 (11,324)30,715 
Total derivative financial instruments(9,344)2,613 (6,731)
Defined benefit pension and other postretirement benefit plans:
Net actuarial gain arising during the year3,290 (893)2,397 
Reclassification adjustment for actuarial net loss amortization included in net income1,907 (517)1,390 
Total defined benefit pension and other postretirement benefit plans5,197 (1,410)3,787 
Other comprehensive (loss), net of tax$(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$124,233 $(33,579)$90,654 
Reclassification adjustment for net realized losses included in net income31,533 (8,477)23,056 
Total investment securities available-for-sale155,766 (42,056)113,710 
Derivative financial instruments:
Net unrealized (losses) arising during the year(6,701)1,818 (4,883)
Reclassification adjustment for net realized losses included in net income14,938 (4,050)10,888 
Total derivative financial instruments8,237 (2,232)6,005 
Defined benefit pension and other postretirement benefit plans:
Net actuarial gain arising during the year16,183 (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 plans20,135 (5,461)14,674 
Other comprehensive income, net of tax$184,138 $(49,749)$134,389