Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2024

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
Year Ended December 31, 2024
Balance at beginning of period	$	(652,518)	$	(95,472)	$	9,181	$	—	$	(738,809)
Other comprehensive income (loss) before reclassifications	(15,702)		—		(17,936)		—		(33,638)
Amounts reclassified from AOCI to income (1)	157		13,178		13,069				26,404
Balance at end of period	$	(668,063)	$	(82,294)	$	4,314	$	—	$	(746,043)

Year Ended December 31, 2023
Balance at beginning of period	$	(642,346)	$	(112,664)	$	(31,549)	$	137	$	(786,422)
Other comprehensive income (loss) before reclassifications	(14,817)		1,325		51,871		—		38,379
Amounts reclassified from AOCI to income (1)	4,645		15,867		(11,141)		(137)		9,234
Balance at end of period	$	(652,518)	$	(95,472)	$	9,181	$	—	$	(738,809)

Year Ended December 31, 2022
Balance at beginning of period	$	(2,950)	$	—	$	543	$	32	$	(2,375)
Other comprehensive income (loss) before reclassifications	(639,463)		(125,229)		(34,043)		—		(798,735)
Amounts reclassified from AOCI to income (1)	67		12,565		1,951		105		14,688
Balance at end of period	$	(642,346)	$	(112,664)	$	(31,549)	$	137	$	(786,422)

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

The following table summarizes the significant amounts reclassified out of each component of AOCI:


	Years Ended December 31,
(dollars in thousands)	2024		2023		2022
Details about AOCI Components	Amount Reclassified from AOCI						Affected Line Item in the Statement of Income
Unrealized gains and losses on available-for-sale debt securities	$	(212)	$	(6,265)	$	(88)	Debt securities gains (losses), net
	55		1,620		21		Income tax (expense) benefit
	$	(157)	$	(4,645)	$	(67)	Net income
Amortization of unrealized losses on held-to-maturity securities transferred from available-for-sale	$	(17,664)	$	(21,239)	$	(16,612)	Interest income (expense)
	4,486		5,372		4,047		Income tax (expense) benefit
	$	(13,178)	$	(15,867)	$	(12,565)	Net income
Gains and losses on hedges Interest rate contracts	$	(17,628)	$	15,067	$	(2,587)	Interest income (expense)
	4,559		(3,926)		636		Income tax (expense) benefit
	$	(13,069)	$	11,141	$	(1,951)	Net income
Amortization of defined benefit pension items
Actuarial gains (losses)	$	—	$	182	$	(139)	Salaries and employee benefits
	—		(45)		34		Income tax (expense) benefit
	$	—	$	137	$	(105)	Net income

Total reclassifications for the period	$	(26,404)	$	(9,234)	$	(14,688)	Net income