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Accumulated Other Comprehensive (Loss) Income | 9 Months Ended
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Sep. 30, 2022
Equity [Abstract] |
Accumulated Other Comprehensive (Loss) Income | Accumulated Other Comprehensive (Loss) Income The following table presents the components of other comprehensive (loss) income:
| Before-Tax Amount |  | Tax Effect |  | Net of Tax Amount
Three months ended September 30, 2022 | (in thousands)
Unrealized loss on securities | $ | (155,758) |  |  | $ | 35,373 |  |  | $ | (120,385) |
Reclassification adjustment for securities gains included in net income (1) | (53) |  |  | 12 |  |  | (41) |
Amortization of net unrealized losses on AFS securities transferred to HTM (2) | 2,139 |  |  | (486) |  |  | 1,653 |
Net unrealized holding loss arising during the period on interest rate swaps used in cash flow hedges | (29,053) |  |  | 6,581 |  |  | (22,472) |
Reclassification adjustment for net loss realized in net income on interest rate swaps used in cash flow hedges | 3,210 |  |  | (727) |  |  | 2,483 |
Amortization of net unrecognized pension and postretirement items (3) | 33 |  |  | (8) |  |  | 25 |
Total Other Comprehensive Loss | $ | (179,482) |  |  | $ | 40,745 |  |  | $ | (138,737) |
Three months ended September 30, 2021 |  |  |  |  |
Unrealized loss on securities | $ | (27,975) |  |  | $ | 6,353 |  |  | $ | (21,622) |
Amortization of net unrealized gains on AFS securities transferred to HTM (2) | 824 |  |  | (187) |  |  | 637 |
Net unrealized holding gain arising during the period on interest rate swaps used in cash flow hedges | (280) |  |  | 64 |  |  | (216) |
Reclassification adjustment for net loss realized in net income on interest rate swaps used in cash flow hedges | (873) |  |  | 198 |  |  | (675) |
Amortization of net unrecognized pension and postretirement items (3) | 370 |  |  | (80) |  |  | 290 |
Total Other Comprehensive Loss | $ | (27,934) |  |  | $ | 6,348 |  |  | $ | (21,586) |
Nine months ended September 30, 2022 |  |  |  |  |
Unrealized loss on securities | $ | (469,137) |  |  | $ | 106,541 |  |  | $ | (362,596) |
Reclassification adjustment for securities loss included in net income (1) | (26) |  |  | 6 |  |  | (20) |
Amortization of net unrealized losses on AFS securities transferred to HTM (2) | (59,547) |  |  | 13,523 |  |  | (46,024) |
Net unrealized loss on interest rate swaps used in cash flow hedges | (80,716) |  | 18,282 |  |  | (62,434) |
Reclassification adjustment for net loss realized in net income on interest rate swaps used in cash flow hedges | 828 |  |  | (187) |  |  | 641 |
Amortization of net unrecognized pension and postretirement items (3) | 96 |  |  | (21) |  |  | 75 |
Total Other Comprehensive Loss | $ | (608,502) |  |  | $ | 138,144 |  |  | $ | (470,358) |
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 | 1,215 |  |  | (277) |  |  | 938 |
Reclassification adjustment for net loss realized in net income on interest rate swaps used in cash flow hedges | (1,894) |  |  | 432 |  |  | (1,462) |
Amortization of net unrecognized pension and postretirement items (3) | 1,111 |  |  | (243) |  |  | 868 |
Total Other Comprehensive Loss | $ | (51,088) |  |  | $ | 11,612 |  |  | $ | (39,476) |
(1) Amounts reclassified out of AOCI. Before-tax amounts included in "Investment securities gains, net" on the Consolidated Statements of Income. See Note 4, "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. 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, 2022 |  |  |  |  |  |  |  |  |
Balance at June 30, 2022 | $ | (249,427) |  |  | $ | (46,620) |  |  |  |  | $ | (8,163) |  |  | $ | (304,210) |
OCI before reclassifications | (120,385) |  |  | — |  |  |  |  | — |  |  | (120,385) |
Amounts reclassified from AOCI | (41) |  |  | (19,989) |  |  |  |  | 25 |  |  | (20,005) |
Amortization of net unrealized losses on AFS securities transferred to HTM | 1,653 |  |  | — |  |  |  |  | — |  |  | 1,653 |
Balance at September 30, 2022 | $ | (368,200) |  |  | $ | (66,609) |  |  |  |  | $ | (8,138) |  |  | $ | (442,947) |
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 |
Nine months ended September 30, 2022 |  |  |  |  |  |  |  |  |
Balance at December 31, 2021 | $ | 40,440 |  |  | $ | (4,816) |  |  |  |  | $ | (8,213) |  |  | $ | 27,411 |
OCI before reclassifications | (362,596) |  |  | — |  |  |  |  | — |  |  | (362,596) |
Amounts reclassified from AOCI | (20) |  |  | (61,793) |  |  |  |  | 75 |  |  | (61,738) |
Amortization of net unrealized losses on AFS securities transferred to HTM | (46,024) |  |  | — |  |  |  |  | — |  |  | (46,024) |
Balance at September 30, 2022 | $ | (368,200) |  |  | $ | (66,609) |  |  |  |  | $ | (8,138) |  |  | $ | (442,947) |
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 |

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI https://asc.fasb.org/topic&trid=2134417 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
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