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Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2023

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

The components of accumulated other comprehensive income (loss) ("AOCI") for the Company are as follows:

($ in thousands)						September 30, 2023						December 31, 2022
Unrealized loss on securities available for sale						$	(521,660)					(444,063)
Deferred tax asset						120,765						102,046
Net unrealized loss on securities available for sale						(400,895)						(342,017)
Postretirement plans liability						187						54
Deferred tax asset						(44)						(12)
Net postretirement plans liability						143						42
Total accumulated other comprehensive loss						$	(400,752)					(341,975)

The following tables disclose the changes in AOCI for the three and nine months ended September 30, 2023 and 2022 (all amounts are net of tax):

						For the Three Months Ended September 30, 2023
($ in thousands)						Unrealized Loss on Securities Available for Sale						Postretirement Plans Asset (Liability)						Total
Beginning balance						$	(338,251)					109						(338,142)
Other comprehensive loss before reclassifications						(62,644)						—						(62,644)
Amounts reclassified from accumulated other comprehensive income						—						34						34
Net current period other comprehensive (loss) income						(62,644)						34						(62,610)
Ending balance						$	(400,895)					143						(400,752)
						For the Three Months Ended September 30, 2022
($ in thousands)						Unrealized Loss on Securities Available for Sale						Postretirement Plans Asset (Liability)						Total
Beginning balance						$	(249,148)					(204)						(249,352)
Other comprehensive loss before reclassifications						(108,718)						—						(108,718)
Amounts reclassified from accumulated other comprehensive income						—						34						34
Net current period other comprehensive (loss) income						(108,718)						34						(108,684)
Ending balance						$	(357,866)					(170)						(358,036)

						For the Nine Months Ended September 30, 2023
($ in thousands)						Unrealized Loss on Securities Available for Sale						Postretirement Plans Asset (Liability)						Total
Beginning balance						$	(342,017)					42						(341,975)
Other comprehensive loss before reclassifications						(58,878)						—						(58,878)
Amounts reclassified from accumulated other comprehensive income						—						101						101
Net current-period other comprehensive (loss) income						(58,878)						101						(58,777)
Ending balance						$	(400,895)					143						(400,752)
						For the Nine Months Ended September 30, 2022
($ in thousands)						Unrealized Loss on Securities Available for Sale						Postretirement Plans Asset (Liability)						Total
Beginning balance						$	(24,698)					(272)						(24,970)
Other comprehensive loss before reclassifications						(333,168)						—						(333,168)
Amounts reclassified from accumulated other comprehensive income						—						102						102
Net current-period other comprehensive (loss) income						(333,168)						102						(333,066)
Ending balance						$	(357,866)					(170)						(358,036)

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- References

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- Definition

Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482790/220-10-45-14A

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481674/830-30-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481694/830-30-45-20

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