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Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2021

Equity [Abstract]

Changes in other comprehensive income (loss)

The following table presents other comprehensive income(loss):

			Before-Tax Amount						Tax Effect						Net of Tax Amount
Three months ended September 30, 2021			(in thousands)
Unrealized loss on securities			$	(27,975)					$	6,353					$	(21,622)
Reclassification adjustment for securities gains included in net income (1)			—						—						—
Amortization of net unrealized losses on AFS securities transferred to HTM (2)			824						(187)						637
Net unrealized losses on interest rate swaps used in cash flow hedges (3)			(1,153)						262						(891)
Amortization of net unrecognized pension and postretirement items (4)			371						(81)						290
Total OCI			$	(27,933)					$	6,347					$	(21,586)
Three months ended September 30, 2020
Unrealized gain on securities			$	5,565					$	(1,232)					$	4,333
Reclassification adjustment for securities gains included in net income (1)			(2)						1						(1)
Amortization of net unrealized losses on AFS securities transferred to HTM (2)			1,192						(264)						928
Amortization of net unrecognized pension and postretirement items (4)			329						(73)						255
Total OCI			$	7,083					$	(1,568)					$	5,515
Nine months ended September 30, 2021
Unrealized loss on securities			$	(20,796)					$	4,723					$	(16,073)
Reclassification adjustment for securities gains included in net income (1)			(33,511)						7,610						(25,901)
Amortization of net unrealized losses on AFS securities transferred to HTM (2)			2,787						(633)						2,154
Net unrealized gain on interest rate swaps used in cash flow hedges (3)			(678)						154						(524)
Amortization of net unrecognized pension and postretirement items (3)			1,111						(243)						868
Total OCI			$	(51,087)					$	11,611					$	(39,476)
Nine months ended September 30, 2020
Unrealized gain on securities (4)			$	72,146					$	(15,960)					$	56,186
Reclassification adjustment for securities gains included in net income (1)			(3,053)						676						(2,377)
Amortization of net unrealized losses on AFS securities transferred to HTM (2)			3,232						(715)						2,517
Amortization of net unrecognized pension and postretirement items (3)			984						(219)						765
Total OCI			$	73,309					$	(16,218)					$	57,091

(1)    Amounts reclassified out of AOCI. Before-tax amounts included in "Investment securities gains, net" on the Consolidated Statements of Income. See Note 3, "Investment Securities," for additional details.

(2)    Amounts reclassified out of AOCI. Before-tax amounts included as a reduction to "Interest Income" on the Consolidated Statements of Income.

(3)    Amounts reclassified out of AOCI. Before-tax amounts included in "Interest Income" on the Consolidated Statements of Income.

(4)    Amounts reclassified out of AOCI. Before-tax amounts included in "Salaries and employee benefits" on the Consolidated Statements of Income. See Note 12, "Employee Benefit Plans," for additional details.

Changes in each component of accumulated other comprehensive income (loss)

The following table presents changes in each component of accumulated other comprehensive income (loss), net of tax:

			Unrealized Gains (Losses) on Investment Securities						Net Unrealized (Loss) Gain on Interest Rate Swaps used in Cash Flow Hedges												Unrecognized Pension and Postretirement Plan Income (Costs)						Total
			(in thousands)
Three months ended September 30, 2021
Balance at June 30, 2021			$	62,769					$	367											$	(15,935)					$	47,201
OCI before reclassifications			(21,622)						—												—						(21,622)
Amounts reclassified from AOCI			—						(891)												290						(601)
Amortization of net unrealized losses on AFS securities transferred to HTM			637						—												—						637
Balance at September 30, 2021			$	41,784					$	(524)											$	(15,645)					$	25,615
Three months ended September 30, 2020
Balance at June 30, 2020			$	65,930					$	—											$	(14,491)					$	51,439
OCI before reclassifications			4,333						—												—						4,333
Amounts reclassified from AOCI			—						—												255						255
Amortization of net unrealized losses on AFS securities transferred to HTM			928						—												—						928
Balance at September 30, 2020			$	71,190					$	—											$	(14,236)					$	56,954
Nine months ended September 30, 2021
Balance at December 31, 2020			$	81,604					$	—											$	(16,513)					$	65,091
OCI before reclassifications			(16,073)						—												—						(16,073)
Amounts reclassified from AOCI			(25,901)						(524)												868						(25,557)
Amortization of net unrealized losses on AFS securities transferred to HTM			2,154						—												—						2,154
Balance at September 30, 2021			$	41,784					$	(524)											$	(15,645)					$	25,615
Nine months ended September 30, 2020
Balance at December 31, 2019			$	14,864					$	—											$	(15,001)					$	(137)
OCI before reclassifications			56,186						—												—						56,186
Amounts reclassified from AOCI			(2,377)						—												765						(1,612)
Amortization of net unrealized losses on AFS securities transferred to HTM			2,517						—												—						2,517
Balance at September 30, 2020			$	71,190					$	—											$	(14,236)					$	56,954

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Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 50
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-URI http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-URI http://asc.fasb.org/extlink&oid=124509347&loc=SL7669686-108580

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900

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Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
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