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Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2024

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table summarizes the changes within each classification of AOCI, net of tax:

(dollars in thousands)			Unrealized Gains and Losses on Available- for-Sale Debt Securities						Unrealized Gains and Losses on Held-to- Maturity Securities						Gains and Losses on Hedges						Defined Benefit Pension Plans						Total
Three Months Ended June 30, 2024
Balance at beginning of period			$	(685,969)					$	(92,251)					$	(1,408)					$	—					$	(779,628)
Other comprehensive income (loss) before    reclassifications			(13,347)						—						(5,215)						—						(18,562)
Amounts reclassified from AOCI to income (1)			(2)						3,265						3,519						—						6,782
Balance at end of period			$	(699,318)					$	(88,986)					$	(3,104)					$	—					$	(791,408)
Three Months Ended June 30, 2023
Balance at beginning of period			$	(611,260)					$	(106,966)					$	9,872					$	(4)					$	(708,358)
Other comprehensive income (loss) before    reclassifications			(90,121)						—						9,840						—						(80,281)
Amounts reclassified from AOCI to income (1)			(12)						3,822						(23,808)						4						(19,994)
Balance at end of period			$	(701,393)					$	(103,144)					$	(4,096)					$	—					$	(808,633)
Six Months Ended June 30, 2024
Balance at beginning of period			$	(652,518)					$	(95,472)					$	9,181					$	—					$	(738,809)
Other comprehensive income (loss) before    reclassifications			(46,810)						—						(19,420)						—						(66,230)
Amounts reclassified from AOCI to income (1)			10						6,486						7,135						—						13,631
Balance at end of period			$	(699,318)					$	(88,986)					$	(3,104)					$	—					$	(791,408)
Six Months Ended June 30, 2023
Balance at beginning of period			$	(642,346)					$	(112,664)					$	(31,549)					$	137					$	(786,422)
Other comprehensive income (loss) before    reclassifications			(62,902)						1,325						45,825						—						(15,752)
Amounts reclassified from AOCI to income (1)			3,855						8,195						(18,372)						(137)						(6,459)
Balance at end of period			$	(701,393)					$	(103,144)					$	(4,096)					$	—					$	(808,633)

(1)See table below for details about reclassifications to income.

The following table summarizes the amounts reclassified out of each component of AOCI for the three months ended June 30, 2024 and 2023:

			Three Months Ended June 30,
(dollars in thousands)			2024						2023
Details about AOCI Components			Amount Reclassified from AOCI												Affected Line Item in the Statement of Income
Unrealized gains and losses on    available-for-sale securities			$	2					$	17					Debt securities gains (losses), net
			—						(5)						Income tax (expense) benefit
			$	2					$	12					Net income
Amortization of unrealized losses on    held-to-maturity securities transferred    from available-for-sale			$	(4,376)					$	(5,122)					Interest income (expense)
			1,111						1,300						Income tax (expense) benefit
			$	(3,265)					$	(3,822)					Net income
Gains and losses on hedges    Interest rate contracts			$	(4,747)					$	32,112					Interest income (expense)
			1,228						(8,304)						Income tax (expense) benefit
			$	(3,519)					$	23,808					Net income
Amortization of defined benefit    pension items
Actuarial gains (losses)			$	—					$	(6)					Salaries and employee benefits
			—						2						Income tax (expense) benefit
			$	—					$	(4)					Net income
Total reclassifications for the period			$	(6,782)					$	19,994					Net income

The following table summarizes the amounts reclassified out of each component of AOCI for the six months ended June 30, 2024 and 2023:

			Six Months Ended June 30,
(dollars in thousands)			2024						2023
Details about AOCI Components			Amount Reclassified from AOCI												Affected Line Item in the Statement of Income
Unrealized gains and losses on    available-for-sale securities			$	(14)					$	(5,199)					Debt securities gains (losses), net
			4						1,344						Income tax (expense) benefit
			$	(10)					$	(3,855)					Net income
Amortization of unrealized losses on    held-to-maturity securities transferred    from available-for-sale			$	(8,694)					$	(10,951)					Interest income (expense)
			2,208						2,756						Income tax (expense) benefit
			$	(6,486)					$	(8,195)					Net income
Gains and losses on hedges    Interest rate contracts			$	(9,624)					$	24,820					Interest income (expense)
			2,489						(6,448)						Income tax (expense) benefit
			$	(7,135)					$	18,372					Net income
Amortization of defined benefit    pension items
Actuarial gains (losses)			$	—					$	182					Salaries and employee benefits
			—						(45)						Income tax (expense) benefit
			$	—					$	137					Net income
Total reclassifications for the period			$	(13,631)					$	6,459					Net income

X

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/220/tableOfContent

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X

- References

No definition available.

+ Details

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