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Accumulated Other Comprehensive (Loss) Income (Tables) | 6 Months Ended
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Jun. 30, 2022
Equity [Abstract] |
Changes in other comprehensive income (loss) | :
| Before-Tax Amount |  | Tax Effect |  | Net of Tax Amount
Three months ended June 30, 2022 | (in thousands)
Unrealized loss on securities | $ | (114,312) |  |  | $ | 25,960 |  |  | $ | (88,352) |
Reclassification adjustment for securities gains included in net income (1) | 8 |  |  | (2) |  |  | 6 |
Amortization of net unrealized losses on AFS securities transferred to HTM (2) | (62,250) |  |  | 14,137 |  |  | (48,113) |
Net unrealized holding loss arising during the period on interest rate swaps used in cash flow hedges | (11,100) |  |  | 2,514 |  |  | (8,586) |
Reclassification adjustment for net loss realized in net income on interest rate swaps used in cash flow hedges | (434) |  |  | 99 |  |  | (335) |
Amortization of net unrecognized pension and postretirement items (3) | 33 |  |  | (8) |  |  | 25 |
Total Other Comprehensive Loss | $ | (188,055) |  |  | $ | 42,700 |  |  | $ | (145,355) |
Three months ended June 30, 2021 |  |  |  |  |
Unrealized gain on securities | $ | 24,968 |  |  | $ | (5,670) |  |  | $ | 19,298 |
Reclassification adjustment for securities gains included in net income (1) | (36) |  |  | 8 |  |  | (28) |
Amortization of net unrealized gains on AFS securities transferred to HTM (2) | (349) |  |  | 79 |  |  | (270) |
Net unrealized holding gain arising during the period on interest rate swaps used in cash flow hedges | 3,560 |  |  | (808) |  |  | 2,752 |
Reclassification adjustment for net loss realized in net income on interest rate swaps used in cash flow hedges | (877) |  |  | 199 |  |  | (678) |
Amortization of net unrecognized pension and postretirement items (3) | 370 |  |  | (81) |  |  | 289 |
Total Other Comprehensive Loss | $ | 27,636 |  |  | $ | (6,273) |  |  | $ | 21,363 |
Six months ended June 30, 2022 |  |  |  |  |
Unrealized loss on securities | $ | (313,379) |  |  | $ | 71,168 |  |  | $ | (242,211) |
Reclassification adjustment for securities loss included in net income (1) | 27 |  |  | (6) |  |  | 21 |
Amortization of net unrealized losses on AFS securities transferred to HTM (2) | (61,686) |  |  | 14,009 |  |  | (47,677) |
Net unrealized loss on interest rate swaps used in cash flow hedges | (51,663) |  | 11,701 |  |  | (39,962) |
Reclassification adjustment for net loss realized in net income on interest rate swaps used in cash flow hedges | (2,382) |  |  | 540 |  |  | (1,842) |
Amortization of net unrecognized pension and postretirement items (3) | 65 |  |  | (15) |  |  | 50 |
Total Other Comprehensive Loss | $ | (429,018) |  |  | $ | 97,397 |  |  | $ | (331,621) |
Six months ended June 30, 2021 |  |  |  |  |
Unrealized loss on securities | $ | (26,783) |  |  | $ | 6,082 |  |  | $ | (20,701) |
Reclassification adjustment for securities gains included in net income (1) | 451 |  |  | (102) |  |  | 349 |
Amortization of net unrealized losses on AFS securities transferred to HTM (2) | 1,963 |  |  | (446) |  |  | 1,517 |
Net unrealized gain on interest rate swaps used in cash flow hedges | 1,495 |  |  | (337) |  |  | 1,158 |
Reclassification adjustment for net loss realized in net income on interest rate swaps used in cash flow hedges | (1,021) |  |  | 230 |  |  | (791) |
Amortization of net unrecognized pension and postretirement items (3) | 740 |  |  | (162) |  |  | 578 |
Total Other Comprehensive Loss | $ | (23,155) |  |  | $ | 5,265 |  |  | $ | (17,890) |
(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 "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 June 30, 2022 |  |  |  |  |  |  |  |  |
Balance at March 31, 2022 | $ | (112,968) |  |  | $ | (37,699) |  |  |  |  | $ | (8,188) |  |  | $ | (158,855) |
OCI before reclassifications | (88,352) |  |  | — |  |  |  |  | — |  |  | (88,352) |
Amounts reclassified from AOCI | 6 |  |  | (8,921) |  |  |  |  | 25 |  |  | (8,890) |
Amortization of net unrealized losses on AFS securities transferred to HTM | (48,113) |  |  | — |  |  |  |  | — |  |  | (48,113) |
Balance at June 30, 2022 | $ | (249,427) |  |  | $ | (46,620) |  |  |  |  | $ | (8,163) |  |  | $ | (304,210) |
Three months ended June 30, 2021 |  |  |  |  |  |  |  |  |
Balance at March 31, 2021 | $ | 43,769 |  |  | $ | (1,707) |  |  |  |  | $ | (16,224) |  |  | $ | 25,838 |
OCI before reclassifications | 19,298 |  |  | — |  |  |  |  | — |  |  | 19,298 |
Amounts reclassified from AOCI | (28) |  |  | 2,074 |  |  |  |  | 289 |  |  | 2,335 |
Amortization of net unrealized losses on AFS securities transferred to HTM | (270) |  |  | — |  |  |  |  | — |  |  | (270) |
Balance at June 30, 2021 | $ | 62,769 |  |  | $ | 367 |  |  |  |  | $ | (15,935) |  |  | $ | 47,201 |
Six months ended June 30, 2022 |  |  |  |  |  |  |  |  |
Balance at December 31, 2021 | $ | 40,440 |  |  | $ | (4,816) |  |  |  |  | $ | (8,213) |  |  | $ | 27,411 |
OCI before reclassifications | (242,211) |  |  | — |  |  |  |  | — |  |  | (242,211) |
Amounts reclassified from AOCI | 21 |  |  | (41,804) |  |  |  |  | 50 |  |  | (41,733) |
Amortization of net unrealized losses on AFS securities transferred to HTM | (47,677) |  |  | — |  |  |  |  | — |  |  | (47,677) |
Balance at June 30, 2022 | $ | (249,427) |  |  | $ | (46,620) |  |  |  |  | $ | (8,163) |  |  | $ | (304,210) |
Six months ended June 30, 2021 |  |  |  |  |  |  |  |  |
Balance at December 31, 2020 | $ | 81,604 |  |  | $ | — |  |  |  |  | $ | (16,513) |  |  | $ | 65,091 |
OCI before reclassifications | (20,701) |  |  | — |  |  |  |  | — |  |  | (20,701) |
Amounts reclassified from AOCI | 349 |  |  | 367 |  |  |  |  | 578 |  |  | 1,294 |
Amortization of net unrealized losses on AFS securities transferred to HTM | 1,517 |  |  | — |  |  |  |  | — |  |  | 1,517 |
Balance at June 30, 2021 | $ | 62,769 |  |  | $ | 367 |  |  |  |  | $ | (15,935) |  |  | $ | 47,201 |

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