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Other Comprehensive Income (Loss) (Tables) | 12 Months Ended
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Dec. 31, 2022
Equity [Abstract] |
Changes in the components of other comprehensive income (loss) | Changes in the components of other comprehensive income (loss), net of tax, were as follows:
| Pre-Tax |  | Tax Expense (Benefit) |  | Net of Tax
Year Ended December 31, 2022 |  |  |  |  |
Securities available for sale: |  |  |  |  |
Unrealized holding losses on securities | $ | (285,829) |  |  | $ | (71,478) |  |  | $ | (214,351) |
Amortization of unrealized holding losses on securities transferred to the held to maturity category | 4,964 |  |  | 1,263 |  |  | 3,701 |
Total securities available for sale | (280,865) |  |  | (70,215) |  |  | (210,650) |
Derivative instruments: |  |  |  |  |
Unrealized holding gains on derivative instruments | 20,118 |  |  | 5,125 |  |  | 14,993 |
Total derivative instruments | 20,118 |  |  | 5,125 |  |  | 14,993 |
Defined benefit pension and post-retirement benefit plans: |  |  |  |  |
Net loss arising during the period | (4,107) |  |  | (1,045) |  |  | (3,062) |
Amortization of net actuarial loss recognized in net periodic pension cost(2) | 167 |  |  | 42 |  |  | 125 |
Total defined benefit pension and post-retirement benefit plans | (3,940) |  |  | (1,003) |  |  | (2,937) |
Total other comprehensive loss | $ | (264,687) |  |  | $ | (66,093) |  |  | $ | (198,594) |
Year Ended December 31, 2021 |  |  |  |  |
Securities available for sale: |  |  |  |  |
Unrealized holding losses on securities | $ | (51,470) |  |  | $ | (13,099) |  |  | $ | (38,371) |
Reclassification adjustment for gains realized in net income(1) | (2,170) |  |  | (552) |  |  | (1,618) |
Amortization of unrealized holding gains on securities transferred to the held to maturity category | (73) |  |  | (19) |  |  | (54) |
Total securities available for sale | (53,713) |  |  | (13,670) |  |  | (40,043) |
Derivative instruments: |  |  |  |  |
Unrealized holding gains on derivative instruments | 10,848 |  |  | 2,761 |  |  | 8,087 |
Reclassification adjustment for gains realized in net income related to swap termination | (4,676) |  |  | (1,190) |  |  | (3,486) |
Total derivative instruments | 6,172 |  |  | 1,571 |  |  | 4,601 |
Defined benefit pension and post-retirement benefit plans: |  |  |  |  |
Net loss arising during the period | (356) |  |  | (92) |  |  | (264) |
Amortization of net actuarial loss recognized in net periodic pension cost(2) | 262 |  |  | 67 |  |  | 195 |
Total defined benefit pension and post-retirement benefit plans | (94) |  |  | (25) |  |  | (69) |
Total other comprehensive loss | $ | (47,635) |  |  | $ | (12,124) |  |  | $ | (35,511) |
| Pre-Tax |  | Tax Expense (Benefit) |  | Net of Tax
Year Ended December 31, 2020 |  |  |  |  |
Securities available for sale: |  |  |  |  |
Unrealized holding gains on securities | $ | 27,788 |  |  | $ | 7,071 |  |  | $ | 20,717 |
Reclassification adjustment for gains realized in net income(1) | (46) |  |  | (12) |  |  | (34) |
Total securities available for sale | 27,742 |  |  | 7,059 |  |  | 20,683 |
Derivative instruments: |  |  |  |  |
Unrealized holding gains on derivative instruments | 923 |  |  | 235 |  |  | 688 |
Reclassification adjustment for losses realized in net income related to swap termination | 2,040 |  |  | 519 |  |  | 1,521 |
Total derivative instruments | 2,963 |  |  | 754 |  |  | 2,209 |
Defined benefit pension and post-retirement benefit plans: |  |  |  |  |
Net gain arising during the period | 1,069 |  |  | 272 |  |  | 797 |
Reclassification adjustment for settlement loss related to the VERP realized in net income(3) | 567 |  |  | 145 |  |  | 422 |
New prior service cost(3) | (485) |  |  | (123) |  |  | (362) |
Amortization of net actuarial loss recognized in net periodic pension cost(2) | 259 |  |  | 66 |  |  | 193 |
Amortization of prior service cost(3) | 485 |  |  | 123 |  |  | 362 |
Total defined benefit pension and post-retirement benefit plans | 1,895 |  |  | 483 |  |  | 1,412 |
Total other comprehensive income | $ | 32,600 |  |  | $ | 8,296 |  |  | $ | 24,304 |
(1) Included in Net gains (losses) on sales of securities in the Consolidated Statements of Income (2) Included in Salaries and employee benefits in the Consolidated Statements of Income (3) Included in Restructuring charges in the Consolidated Statements of Income
Accumulated balances for each component of other comprehensive income, net of tax | The accumulated balances for each component of other comprehensive income (loss), net of tax, at December 31 were as follows:
| 2022 |  | 2021 |  | 2020
Unrealized (losses) gains on securities | $ | (219,766) |  |  | $ | (9,116) |  |  | $ | 42,246 |
Non-credit related portion of other-than-temporary impairment on securities | — |  |  | — |  |  | (11,319) |
Unrealized gains (losses) on derivative instruments | 18,956 |  |  | 3,963 |  |  | (638) |
Unrecognized losses on defined benefit pension and post-retirement benefit plans obligations | (8,227) |  |  | (5,290) |  |  | (5,221) |
Total accumulated other comprehensive (loss) income | $ | (209,037) |  |  | $ | (10,443) |  |  | $ | 25,068 |

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