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Other Comprehensive Income (Loss) (Tables) | 6 Months Ended
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Jun. 30, 2022
Stockholders' Equity Note [Abstract] |
Schedule of activity in accumulated other comprehensive income (loss) and amounts reclassified out of each component of accumulated other comprehensive (loss) income | The following tables present reclassifications out of accumulated other comprehensive income (loss) for the three and six month periods ended June 30, 2022 and 2021:
| Three Months Ended June 30, 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 | $ | (57,544) |  | $ | 14,095 |  | $ | (43,449) |
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 | (57,544) |  | 14,095 |  | (43,449) |
Employee benefit plans: |  |  |
Amortization of net retirement plan actuarial gain | 514 |  | (125) |  | 389 |
Amortization of net retirement plan prior service cost | 53 |  | (13) |  | 40 |
Employee benefit plans | 567 |  | (138) |  | 429 |
Other comprehensive (loss) income | $ | (56,977) |  | $ | 13,957 |  | $ | (43,020) |
| Three Months Ended June 30, 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 | $ | 11,244 |  | $ | (2,755) |  | $ | 8,489 |
Reclassification adjustment for net realized gain on sale of available-for-sale debt securities included in net income | 0 |  | 0 |  | 0 |
Net unrealized gains/losses | 11,244 |  | (2,755) |  | 8,489 |
Employee benefit plans: |  |  |
Amortization of net retirement plan actuarial gain | 712 |  | (175) |  | 537 |
Amortization of net retirement plan prior service cost | 55 |  | (13) |  | 42 |
Employee benefit plans | 767 |  | (188) |  | 579 |
Other comprehensive income (loss) | $ | 12,011 |  | $ | (2,943) |  | $ | 9,068 |
| Six Months Ended June 30, 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 | $ | (164,025) |  | $ | 40,171 |  | $ | (123,854) |
Reclassification adjustment for net realized gain on sale of available-for-sale debt securities included in net income | 0 |  | 0 |  | 0 |
Net unrealized gains/losses | (164,025) |  | 40,171 |  | (123,854) |
Employee benefit plans: |  |  |
Amortization of net retirement plan actuarial loss | 1,129 |  | (276) |  | 853 |
Amortization of net retirement plan prior service cost | 109 |  | (27) |  | 82 |
Employee benefit plans | 1,238 |  | (303) |  | 935 |
Other comprehensive (loss) income | $ | (162,787) |  | $ | 39,868 |  | $ | (122,919) |
| Six Months Ended June 30, 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 | $ | (22,197) |  | $ | 5,440 |  | $ | (16,757) |
Reclassification adjustment for net realized gain on sale of available-for-sale debt securities included in net income | (330) |  | 81 |  | (249) |
Net unrealized gains/losses | (22,527) |  | 5,521 |  | (17,006) |
Employee benefit plans: |  |  |
Amortization of net retirement plan actuarial loss | 1,476 |  | (362) |  | 1,114 |
Amortization of net retirement plan prior service cost | 111 |  | (27) |  | 84 |
Employee benefit plans | 1,587 |  | (389) |  | 1,198 |
Other comprehensive (loss) income | $ | (20,940) |  | $ | 5,132 |  | $ | (15,808) |
The following table presents the activity in our accumulated other comprehensive (loss) income for the periods indicated:
(In thousands) | Available-for- Sale Debt Securities | Employee Benefit Plans | Accumulated Other Comprehensive (Loss) Income
Balance at March 31, 2022 | $ | (94,965) |  | $ | (40,884) |  | $ | (135,849) |
Other comprehensive (loss) income before reclassifications | (43,449) |  | 0 |  | (43,449) |
Amounts reclassified from accumulated other comprehensive (loss) income | 0 |  | 429 |  | 429 |
Net current-period other comprehensive (loss) income | (43,449) |  | 429 |  | (43,020) |
Balance at June 30, 2022 | $ | (138,414) |  | $ | (40,455) |  | $ | (178,869) |
Balance at January 1, 2022 | $ | (14,560) |  | $ | (41,390) |  | $ | (55,950) |
Other comprehensive (loss) income before reclassifications | (123,854) |  | 0 |  | (123,854) |
Amounts reclassified from accumulated other comprehensive (loss) income | 0 |  | 935 |  | 935 |
Net current-period other comprehensive (loss) income | (123,854) |  | 935 |  | (122,919) |
Balance at June 30, 2022 | $ | (138,414) |  | $ | (40,455) |  | $ | (178,869) |
(In thousands) | Available-for- Sale Debit Securities | Employee Benefit Plans | Accumulated Other Comprehensive (Loss) Income
Balance at March 31, 2021 | $ | (4,886) |  | $ | (52,064) |  | $ | (56,950) |
Other comprehensive income (loss) before reclassifications | 8,489 |  | 0 |  | 8,489 |
Amounts reclassified from accumulated other comprehensive (loss) income | 0 |  | 579 |  | 579 |
Net current-period other comprehensive income (loss) | 8,489 |  | 579 |  | 9,068 |
Balance at June 30, 2021 | $ | 3,603 |  | $ | (51,485) |  | $ | (47,882) |
Balance at January 1, 2021 | $ | 20,609 |  | $ | (52,683) |  | $ | (32,074) |
Other comprehensive (loss) income before reclassifications | (16,757) |  | 0 |  | (16,757) |
Amounts reclassified from accumulated other comprehensive (loss) income | (249) |  | 1,198 |  | 949 |
Net current-period other comprehensive (loss) income | (17,006) |  | 1,198 |  | (15,808) |
Balance at June 30, 2021 | $ | 3,603 |  | $ | (51,485) |  | $ | (47,882) |
Schedule of reclassifications out of accumulated other comprehensive income (loss) | The following tables present the amounts reclassified out of each component of accumulated other comprehensive (loss) income for the three and six months ended June 30, 2022 and 2021:
Three Months Ended June 30, 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 | (514) |  | Other operating expense
Net retirement plan prior service cost | (53) |  | Other operating expense
| (567) |  | Total before tax
| 138 |  | Tax benefit
| $ | (429) |  | Net of tax
Three Months Ended June 30, 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 | $ | 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 | (711) |  | Other operating expense
Net retirement plan prior service cost | (56) |  | Other operating expense
| (767) |  | Total before tax
| 188 |  | Tax benefit
| $ | (579) |  | Net of tax
Six Months Ended June 30, 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 | (1,129) |  | Other operating expense
Net retirement plan prior service cost | (109) |  | Other operating expense
| (1,238) |  | Total before tax
| 303 |  | Tax benefit
| $ | (935) |  | Net of tax
Six Months Ended June 30, 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 | $ | 330 |  | Net (loss) gain on securities transactions
| (81) |  | Tax expense
| 249 |  | Net of tax
Employee benefit plans: |  |
Amortization of the following 2 |  |
Net retirement plan actuarial loss | (1,475) |  | Other operating expense
Net retirement plan prior service cost | (111) |  | Other operating expense
| (1,586) |  | Total before tax
| 388 |  | Tax benefit
| $ | (1,198) |  | 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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