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Accumulated Other Comprehensive (Loss) Income (Tables) | 6 Months Ended
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Jun. 30, 2025
Equity [Abstract] |
Changes in other comprehensive income (loss) | The following table presents the components of OCI:
| Before-Tax Amount |  | Tax Effect |  | Net of Tax Amount
| (dollars in thousands)
Three months ended June 30, 2025 |  |  |  |  |
Net unrealized losses on investment securities(1) | $ | (6,926) |  |  | $ | 1,569 |  |  | $ | (5,357) |
Amortization of net unrealized gains on AFS investment securities transferred to HTM(2) | 1,736 |  |  | (394) |  |  | 1,342 |
Net unrealized holding gains arising during the period on interest rate derivatives used in cash flow hedges | 56 |  |  | (12) |  |  | 44 |
Reclassification adjustment for net change realized in net income on interest rate derivatives used in cash flow hedges | 5,114 |  |  | (1,159) |  |  | 3,955 |
Amortization of net unrecognized pension and postretirement items(3) | (138) |  |  | 32 |  |  | (106) |
Total Other Comprehensive Loss | $ | (158) |  |  | $ | 36 |  |  | $ | (122) |
Three months ended June 30, 2024 |  |  |  |  |
Net unrealized losses on investment securities(1) | $ | (18,356) |  |  | $ | 4,157 |  |  | $ | (14,199) |
Reclassification adjustment for securities net change included in net income(2) | 20,282 |  |  | (4,594) |  |  | 15,688 |
Amortization of net unrealized gains on AFS investment securities transferred to HTM(2) | 1,815 |  |  | (412) |  |  | 1,403 |
Net unrealized holding gains arising during the period on interest rate derivatives used in cash flow hedges | 2,916 |  |  | (660) |  |  | 2,256 |
Reclassification adjustment for net change realized in net income on interest rate derivatives used in cash flow hedges | 5,002 |  |  | (1,111) |  |  | 3,891 |
Amortization of net unrecognized pension and postretirement items(3) | (136) |  |  | 31 |  |  | (105) |
Total Other Comprehensive Loss | $ | 11,523 |  |  | $ | (2,589) |  |  | $ | 8,934 |
Six months ended June 30, 2025 |  |  |  |  |
Net unrealized gains on investment securities(1) | $ | 5,704 |  |  | $ | (1,292) |  |  | $ | 4,412 |
Reclassification adjustment for securities net change included in net income(2) | 2 |  |  | — |  |  | 2 |
Amortization of net unrealized gains on AFS investment securities transferred to HTM(2) | 3,452 |  |  | (782) |  |  | 2,670 |
Net unrealized holding gains arising during the period on interest rate derivatives used in cash flow hedges | 2,337 |  | (529) |  |  | 1,808 |
Reclassification adjustment for net change realized in net income on interest rate swaps used in cash flow hedges | 9,658 |  |  | (2,188) |  |  | 7,470 |
Amortization of net unrecognized pension and postretirement item(3) | (272) |  |  | 60 |  |  | (212) |
Total Other Comprehensive Income | $ | 20,881 |  |  | $ | (4,731) |  |  | $ | 16,150 |
Six months ended June 30, 2024 |  |  |  |  |
Net unrealized losses on investment securities(1) | $ | (39,902) |  |  | $ | 9,038 |  |  | $ | (30,864) |
Reclassification adjustment for securities net change included in net income(2) | 20,282 |  |  | (4,594) |  |  | 15,688 |
Amortization of net unrealized gains on AFS investment securities transferred to HTM(2) | 3,608 |  |  | (818) |  |  | 2,790 |
Net unrealized holding gains arising during the period on interest rate derivatives used in cash flow hedges | 8,472 |  |  | (1,919) |  |  | 6,553 |
Reclassification adjustment for change realized in net income on interest rate swaps used in cash flow hedges | 10,014 |  |  | (2,224) |  |  | 7,790 |
Amortization of net unrecognized pension and postretirement items(3) | (271) |  |  | 60 |  |  | (211) |
Total Other Comprehensive Income | $ | 2,203 |  |  | $ | (457) |  |  | $ | 1,746 |
(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.
Changes in each component of accumulated other comprehensive income (loss) | 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 June 30, 2025 |  |  |  |  |  |  |  |  |
Balance at March 31, 2025 | $ | (264,890) |  |  | $ | (10,773) |  |  |  |  | $ | 4,116 |  |  | $ | (271,547) |
OCI before reclassifications | (5,357) |  |  | 44 |  |  |  |  | — |  |  | (5,313) |
Amounts reclassified from AOCI | — |  |  | 3,955 |  |  |  |  | (106) |  |  | 3,849 |
Amortization of net unrealized gains on AFS investment securities transferred to HTM | 1,342 |  |  | — |  |  |  |  | — |  |  | 1,342 |
Balance at June 30, 2025 | $ | (268,905) |  |  | $ | (6,774) |  |  |  |  | $ | 4,010 |  |  | $ | (271,669) |
Three months ended June 30, 2024 |  |  |  |  |  |  |  |  |
Balance at March 31, 2024 | $ | (290,140) |  |  | $ | (26,587) |  |  |  |  | $ | (2,741) |  |  | $ | (319,468) |
OCI before reclassifications | (14,199) |  |  | 2,256 |  |  |  |  | — |  |  | (11,943) |
Amounts reclassified from AOCI | 15,688 |  |  | 3,891 |  |  |  |  | (105) |  |  | 19,474 |
Amortization of net unrealized gains on AFS investment securities transferred to HTM | 1,403 |  |  | — |  |  |  |  | — |  |  | 1,403 |
Balance at June 30, 2024 | $ | (287,248) |  |  | $ | (20,440) |  |  |  |  | $ | (2,846) |  |  | $ | (310,534) |
Six months ended June 30, 2025 |  |  |  |  |  |  |  |  |
Balance at December 31, 2024 | $ | (275,989) |  |  | $ | (16,052) |  |  |  |  | $ | 4,222 |  |  | $ | (287,819) |
OCI before reclassifications | 4,412 |  |  | 1,808 |  |  |  |  | — |  |  | 6,220 |
Amounts reclassified from AOCI | 2 |  |  | 7,470 |  |  |  |  | (212) |  |  | 7,260 |
Amortization of net unrealized gains on AFS investment securities transferred to HTM | 2,670 |  |  | — |  |  |  |  | — |  |  | 2,670 |
Balance at June 30, 2025 | $ | (268,905) |  |  | $ | (6,774) |  |  |  |  | $ | 4,010 |  |  | $ | (271,669) |
Six months ended June 30, 2024 |  |  |  |  |  |  |  |  |
Balance at December 31, 2023 | $ | (274,862) |  |  | $ | (34,783) |  |  |  |  | $ | (2,635) |  |  | $ | (312,280) |
OCI before reclassifications | (30,864) |  |  | 6,553 |  |  |  |  | — |  |  | (24,311) |
Amounts reclassified from AOCI | 15,688 |  |  | 7,790 |  |  |  |  | (211) |  |  | 23,267 |
Amortization of net unrealized gains on AFS investment securities transferred to HTM | 2,790 |  |  | — |  |  |  |  | — |  |  | 2,790 |
Balance at June 30, 2024 | $ | (287,248) |  |  | $ | (20,440) |  |  |  |  | $ | (2,846) |  |  | $ | (310,534) |

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