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Other Comprehensive Income (Loss) (Tables) | 3 Months Ended
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Mar. 31, 2022
Stockholders' Equity Note [Abstract] |
Schedule of tax effect allocated to each component of other comprehensive income | The following tables present reclassifications out of the accumulated other comprehensive income (loss) for the three month periods ended March 31, 2022 and 2021:
| Three Months Ended March 31, 2022
(In thousands) | Before-Tax Amount | Tax (Expense) Benefit | Net of Tax
Available-for-sale debt securities: |  |  |
Change in net unrealized gain/loss during the period | $ | (106,481) |  | $ | 26,076 |  | $ | (80,405) |
Reclassification adjustment for net realized loss on sale of available-for-sale debt securities included in net income | 0 |  | 0 |  | 0 |
Net unrealized gains/losses | (106,481) |  | 26,076 |  | (80,405) |
Employee benefit plans: |  |  |
Amortization of net retirement plan actuarial gain | 615 |  | (151) |  | 464 |
Amortization of net retirement plan prior service cost | 56 |  | (14) |  | 42 |
Employee benefit plans | 671 |  | (165) |  | 506 |
Other comprehensive (loss) income | $ | (105,810) |  | $ | 25,911 |  | $ | (79,899) |
| Three Months Ended March 31, 2021
(In thousands) | Before-Tax Amount | Tax (Expense) Benefit | Net of Tax
Available-for-sale debt securities: |  |  |
Change in net unrealized gain/loss during the period | $ | (33,439) |  | $ | 8,193 |  | $ | (25,246) |
Reclassification adjustment for net realized gain on sale of available-for-sale debt securities included in net income | (329) |  | 80 |  | (249) |
Net unrealized gains/losses | (33,768) |  | 8,273 |  | (25,495) |
Employee benefit plans: |  |  |
Amortization of net retirement plan actuarial gain | 764 |  | (187) |  | 577 |
Amortization of net retirement plan prior service cost | 56 |  | (14) |  | 42 |
Employee benefit plans | 820 |  | (201) |  | 619 |
Other comprehensive (loss) income | $ | (32,948) |  | $ | 8,072 |  | $ | (24,876) |
Schedule of accumulated other comprehensive income | The following table presents the activity in our accumulated other comprehensive income (loss) for the periods indicated:
(In thousands) | Available-for- Sale Debt Securities | Employee Benefit Plans | Accumulated Other Comprehensive (Loss) Income
Balance at January 1, 2022 | $ | (14,560) |  | $ | (41,390) |  | $ | (55,950) |
Other comprehensive (loss) income before reclassifications | (80,405) |  | 0 |  | (80,405) |
Amounts reclassified from accumulated other comprehensive (loss) income | 0 |  | 506 |  | 506 |
Net current-period other comprehensive (loss) income | (80,405) |  | 506 |  | (79,899) |
Balance at March 31, 2022 | $ | (94,965) |  | $ | (40,884) |  | $ | (135,849) |
Balance at January 1, 2021 | $ | 20,609 |  | $ | (52,683) |  | $ | (32,074) |
Other comprehensive (loss) income before reclassifications | (25,246) |  | 0 |  | (25,246) |
Amounts reclassified from accumulated other comprehensive (loss) income | (249) |  | 619 |  | 370 |
Net current-period other comprehensive (loss) income | (25,495) |  | 619 |  | (24,876) |
March 31, 2021 | $ | (4,886) |  | $ | (52,064) |  | $ | (56,950) |
The following tables present the amounts reclassified out of each component of accumulated other comprehensive (loss) income for the three months ended March 31, 2022 and 2021:
Three Months Ended March 31, 2022 |  |
Details about Accumulated other Comprehensive Income (Loss) Components (In thousands) | Amount Reclassified from Accumulated Other Comprehensive (Loss) Income 1 | Affected Line Item in the Statement Where Net Income is Presented
Available-for-sale debt securities: |  |
Unrealized gains and losses on available-for-sale debt securities | $ | 0 |  | Net (loss) gain on securities transactions
| 0 |  | Tax expense
| 0 |  | Net of tax
Employee benefit plans: |  |
Amortization of the following 2 |  |
Net retirement plan actuarial loss | (615) |  | Other operating expense
Net retirement plan prior service cost | (56) |  | Other operating expense
| (671) |  | Total before tax
| 165 |  | Tax benefit
| $ | (506) |  | Net of tax
Three Months Ended March 31, 2021 |  |
Details about Accumulated other Comprehensive Income (Loss) Components (In thousands) | Amount Reclassified from Accumulated Other Comprehensive (Loss) Income 1 | Affected Line Item in the Statement Where Net Income is Presented
Available-for-sale debt securities: |  |
Unrealized gains and losses on available-for-sale debt securities | $ | 329 |  | Net (loss) gain on securities transactions
| (80) |  | Tax expense
| 249 |  | Net of tax
Employee benefit plans: |  |
Amortization of the following 2 |  |
Net retirement plan actuarial loss | (764) |  | Other operating expense
Net retirement plan prior service cost | (56) |  | Other operating expense
| (820) |  | Total before tax
| 201 |  | Tax benefit
| $ | (619) |  | Net of tax
1 Amounts in parentheses indicated debits in income statement. 2 The accumulated other comprehensive (loss) income components are included in the computation of net periodic benefit cost (See Note 8 - "Employee Benefit Plan").

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