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Comprehensive Income (Tables) | 3 Months Ended
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Mar. 31, 2022
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract] |
Schedule of Components of Comprehensive Income-Gross and Net of Tax |
First Quarter 2022 |  |  |  |  |  |
($ in thousands) |  | Gross |  | Tax |  | Net
Net income |  | $ | 69,890 |  |  | 13,560 |  |  | 56,330 |
Components of OCI: |  |  |  |  |  |
Unrealized losses on investment securities: |  |  |  |  |  |
Unrealized holding losses during the period |  | (261,832) |  |  | (54,984) |  |  | (206,848) |
Unrealized losses on securities with credit loss recognized in earnings |  | (86,621) |  |  | (18,191) |  |  | (68,430) |
Amounts reclassified into net income: |  |  |  |  |  |
HTM securities |  | 1 |  |  | — |  |  | 1 |
Net realized losses on disposals and intent-to-sell AFS securities |  | 15,991 |  |  | 3,358 |  |  | 12,633 |
Credit loss expense |  | 22,052 |  |  | 4,631 |  |  | 17,421 |
Total unrealized losses on investment securities |  | (310,409) |  |  | (65,186) |  |  | (245,223) |
Defined benefit pension and post-retirement plans: |  |  |  |  |  |
Amounts reclassified into net income: |  |  |  |  |  |
Net actuarial loss |  | 417 |  |  | 88 |  |  | 329 |
Total defined benefit pension and post-retirement plans |  | 417 |  |  | 88 |  |  | 329 |
Other comprehensive loss |  | (309,992) |  |  | (65,098) |  |  | (244,894) |
Comprehensive loss |  | $ | (240,102) |  |  | (51,538) |  |  | (188,564) |
First Quarter 2021 |  |  |  |  |  |
($ in thousands) |  | Gross |  | Tax |  | Net
Net income |  | $ | 135,632 |  |  | 26,362 |  |  | 109,270 |
Components of OCI: |  |  |  |  |  |
Unrealized losses on investment securities: |  |  |  |  |  |
Unrealized holding losses during the period |  | (103,308) |  |  | (21,695) |  |  | (81,613) |
Unrealized losses on securities with credit loss recognized in earnings |  | (11,320) |  |  | (2,377) |  |  | (8,943) |
Amounts reclassified into net income: |  |  |  |  |  |
HTM securities |  | (2) |  |  | — |  |  | (2) |
Net realized losses on disposals and intent-to-sell AFS securities |  | 604 |  |  | 127 |  |  | 477 |
Credit loss expense |  | 4,997 |  |  | 1,049 |  |  | 3,948 |
Total unrealized losses on investment securities |  | (109,029) |  |  | (22,896) |  |  | (86,133) |
Defined benefit pension and post-retirement plans: |  |  |  |  |  |
Amounts reclassified into net income: |  |  |  |  |  |
Net actuarial loss |  | 693 |  |  | 146 |  |  | 547 |
Total defined benefit pension and post-retirement plans |  | 693 |  |  | 146 |  |  | 547 |
Other comprehensive loss |  | (108,336) |  |  | (22,750) |  |  | (85,586) |
Comprehensive income |  | $ | 27,296 |  |  | 3,612 |  |  | 23,684 |
Schedule of Components of Accumulated Other Comprehensive Income Net of Tax |
|  | Net Unrealized (Losses) Gains on Investment Securities |  | Defined Benefit Pension and Post-Retirement Plans |  | Total AOCI
($ in thousands) |  | Credit Loss Related 1 |  | HTM Related |  | All Other |  | Investments Subtotal |  |
Balance, December 31, 2021 |  | $ | (4,287) |  |  | (3) |  |  | 185,170 |  |  | 180,880 |  |  | (65,781) |  |  | 115,099 |
OCI before reclassifications |  | (68,430) |  |  | — |  |  | (206,848) |  |  | (275,278) |  |  | — |  |  | (275,278) |
Amounts reclassified from AOCI |  | 17,421 |  |  | 1 |  |  | 12,633 |  |  | 30,055 |  |  | 329 |  |  | 30,384 |
Net current period OCI |  | (51,009) |  |  | 1 |  |  | (194,215) |  |  | (245,223) |  |  | 329 |  |  | (244,894) |
Balance, March 31, 2022 |  | $ | (55,296) |  |  | (2) |  |  | (9,045) |  |  | (64,343) |  |  | (65,452) |  |  | (129,795) |
Schedule of Reclassifications Out Of Accumulated Other Comprehensive Income |
|  | Quarter ended March 31, |  |  | Affected Line Item in the Unaudited Consolidated Statements of Income
($ in thousands) |  | 2022 |  | 2021 |  |  |  |
HTM related |  |  |  |  |  |  |  |  |
Unrealized (gains) losses on HTM disposals |  | $ | — |  |  | — |  |  |  |  |  | Net realized and unrealized investment (losses) gains
Amortization of net unrealized losses (gains) on HTM securities |  | 1 |  |  | (2) |  |  |  |  |  | Net investment income earned
|  | 1 |  |  | (2) |  |  |  |  |  | Income before federal income tax
|  | — |  |  | — |  |  |  |  |  | Total federal income tax expense
|  | 1 |  |  | (2) |  |  |  |  |  | Net income
Net realized losses on disposals and intent-to-sell AFS securities |  |  |  |  |  |  |  |  |
Net realized losses on disposals and intent-to-sell AFS securities |  | 15,991 |  |  | 604 |  |  |  |  |  | Net realized and unrealized investment (losses) gains
|  | 15,991 |  |  | 604 |  |  |  |  |  | Income before federal income tax
|  | (3,358) |  |  | (127) |  |  |  |  |  | Total federal income tax expense
|  | 12,633 |  |  | 477 |  |  |  |  |  | Net income
Credit loss related |  |  |  |  |  |  |  |  |
Credit loss expense |  | 22,052 |  |  | 4,997 |  |  |  |  |  | Net realized and unrealized investment (losses) gains
|  | 22,052 |  |  | 4,997 |  |  |  |  |  | Income before federal income tax
|  | (4,631) |  |  | (1,049) |  |  |  |  |  | Total federal income tax expense
|  | 17,421 |  |  | 3,948 |  |  |  |  |  | Net income
Defined benefit pension and post-retirement life plans |  |  |  |  |  |  |  |  |
Net actuarial loss |  | 96 |  |  | 159 |  |  |  |  |  | Loss and loss expense incurred
|  | 321 |  |  | 534 |  |  |  |  |  | Other insurance expenses
Total defined benefit pension and post-retirement life |  | 417 |  |  | 693 |  |  |  |  |  | Income before federal income tax
|  | (88) |  |  | (146) |  |  |  |  |  | Total federal income tax expense
|  | 329 |  |  | 547 |  |  |  |  |  | Net income
Total reclassifications for the period |  | $ | 30,384 |  |  | 4,970 |  |  |  |  |  | Net income

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