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Other Comprehensive Income | 12 Months Ended
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Dec. 31, 2023
Equity [Abstract] |
Other Comprehensive Income | OTHER COMPREHENSIVE INCOME (LOSS) The gross amounts of each component of other comprehensive (loss) income and the related tax effects for the periods indicated are as follows:
Year Ended December 31, 2023 | Before Tax Amount | Tax Expense (Benefit) | Net of Tax Amount
Investment securities available-for sale: |  |  |
Change in net unrealized gain during period | $ | 144.8 |  | $ | 36.1 |  | $ | 108.7 |
Reclassification adjustment for net losses included in net income | 23.5 |  | 5.8 |  | 17.7 |
Reclassification adjustment for securities transferred from held-to-maturity to available-for-sale | (7.2) |  | (1.8) |  | (5.4) |
Net change in unamortized gains on available-for-sale securities transferred into held-to-maturity | (1.3) |  | (0.3) |  | (1.0) |
Change in net unrealized gain on derivatives | 0.9 |  | 0.3 |  | 0.6 |
Total other comprehensive income | $ | 160.7 |  | $ | 40.1 |  | $ | 120.6 |
Year Ended December 31, 2022 | Before Tax Amount | Tax Expense (Benefit) | Net of Tax Amount
Investment securities available-for sale: |  |  |
Change in net unrealized loss during period | $ | (613.1) |  | $ | (152.4) |  | $ | (460.7) |
Reclassification adjustment for net losses included in net income | 24.4 |  | 5.5 |  | 18.9 |
Reclassification adjustment for securities transferred from held-to-maturity to available-for-sale | 0.2 |  | 0.1 |  | 0.1 |
Net change in unamortized gains on available-for-sale securities transferred into held-to-maturity | (26.1) |  | (6.6) |  | (19.5) |
Change in net unrealized loss on derivatives | (6.7) |  | (1.8) |  | (4.9) |
Total other comprehensive loss | $ | (621.3) |  | $ | (155.2) |  | $ | (466.1) |
Year Ended December 31, 2021 | Before Tax Amount | Tax Expense (Benefit) | Net of Tax Amount
Investment securities available-for sale: |  |  |
Change in net unrealized loss during period | $ | (113.7) |  | $ | (28.7) |  | $ | (85.0) |
Reclassification adjustment for net gains included in net income | (1.1) |  | (0.3) |  | (0.8) |
Net change in unamortized gains on available-for-sale securities transferred into held-to-maturity | 20.2 |  | 5.1 |  | 15.1 |
Change in net unrealized loss on derivatives | 4.2 |  | 1.1 |  | 3.1 |
Total other comprehensive loss | $ | (90.4) |  | $ | (22.8) |  | $ | (67.6) |
The components of accumulated other comprehensive loss, net of income taxes, are as follows:
Years ended December 31, | 2023 |  | 2022
Net unrealized loss on investment securities available-for-sale | $ | (350.1) |  |  | $ | (471.0) |
Net unrealized (loss) gain on investment securities transferred to held-to-maturity | (5.6) |  |  | (4.5) |
Net unrealized (loss) gain on derivatives | (0.8) |  |  | (1.6) |
Net accumulated other comprehensive loss | $ | (356.5) |  |  | $ | (477.1) |

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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://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//220/tableOfContent + Details
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