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Accumulated Other Comprehensive (Loss) Income (Tables)

6 Months Ended

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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- Definition

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
-Paragraph 1
-URI https://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 https://asc.fasb.org/extlink&oid=126968391&loc=SL7669686-108580

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 20
-URI https://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900

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- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1
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