Accumulated Other Comprehensive (Loss) Income

3 Months Ended

Mar. 31, 2025

Accumulated Other Comprehensive (Loss) Income

The following table presents the components of OCI:


	Before-Tax Amount		Tax Effect		Net of Tax Amount
	(dollars in thousands)
Three months ended March 31, 2025
Net unrealized gains on investment securities(1)	$	12,630	$	(2,861)	$	9,769
Reclassification adjustment for investment securities net change included in net income(2)	2		—		2
Amortization of net unrealized gains (losses) on AFS investment securities transferred to HTM(2)	1,716		(388)		1,328
Net unrealized holding gains (losses) arising during the period on interest rate derivatives used in cash flow hedges	2,281		(517)		1,764
Reclassification adjustment for net change realized in net income on interest rate derivatives used in cash flow hedges	4,544		(1,029)		3,515
Amortization of net unrecognized pension and postretirement items(3)	(136)		30		(106)
Total Other Comprehensive Income	$	21,037	$	(4,765)	$	16,272

Three months ended March 31, 2024
Net unrealized losses on investment securities(1)	$	(21,546)	$	4,881	$	(16,665)

Amortization of net unrealized gains (losses) on AFS investment securities transferred to HTM(2)	1,793		(406)		1,387
Net unrealized holding gains (losses) arising during the period on interest rate derivatives used in cash flow hedges	5,556		(1,259)		4,297
Reclassification adjustment for net change realized in net income on interest rate derivatives used in cash flow hedges	5,012		(1,113)		3,899
Amortization of net unrecognized pension and postretirement items(3)	(135)		29		(106)
Total Other Comprehensive Loss	$	(9,320)	$	2,132	$	(7,188)

(1) Amounts reclassified out of AOCI. Before-tax amounts included in "Investment securities (losses) gains, net" on the Consolidated Statements of Income.

(2) Amounts reclassified out of AOCI. Before-tax amounts included as a reduction to "Interest Income - Investment Securities" in 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.

The following table presents changes in each component of AOCI, net of tax:


	Unrealized Gains (Losses) on Investment Securities		Net Unrealized Gain (Loss) on Interest Rate Derivatives used in Cash Flow Hedges		Unrecognized Pension and Postretirement Plan Income (Costs)		Total
	(dollars in thousands)
Three months ended March 31, 2025
Balance at December 31, 2024	$	(275,989)	$	(16,052)	$	4,222	$	(287,819)
OCI before reclassifications	9,769		1,764		—		11,533
Amounts reclassified from AOCI	2		3,515		(106)		3,411
Amortization of net unrealized gains (losses) on AFS investment securities transferred to HTM	1,328		—		—		1,328

Balance at March 31, 2025	$	(264,890)	$	(10,773)	$	4,116	$	(271,547)

Three months ended March 31, 2024
Balance at December 31, 2023	$	(274,862)	$	(34,783)	$	(2,635)	$	(312,280)
OCI before reclassifications	(16,665)		4,297		—		(12,368)
Amounts reclassified from AOCI	—		3,899		(106)		3,793
Amortization of net unrealized gains (losses) on AFS investment securities transferred to HTM	1,387		—		—		1,387

Balance at March 31, 2024	$	(290,140)	$	(26,587)	$	(2,741)	$	(319,468)