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Other Comprehensive Income (Loss) (Tables) | 9 Months Ended
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Sep. 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 nine month periods ended September 30, 2022 and 2021:
| Three Months Ended September 30, 2022
(In thousands) | Before-Tax Amount | Tax (Expense) Benefit | Net of Tax
Available-for-sale debt securities: |  |  |
Change in net unrealized loss during the period | $ | (85,912) |  | $ | 21,039 |  | $ | (64,873) |
Reclassification adjustment for net realized loss on sale of available-for-sale debt securities included in net income | 49 |  | (12) |  | 37 |
Net unrealized gains/losses | (85,863) |  | 21,027 |  | (64,836) |
Employee benefit plans: |  |  |
Amortization of net retirement plan actuarial gain | 565 |  | (138) |  | 427 |
Amortization of net retirement plan prior service cost | 54 |  | (13) |  | 41 |
Employee benefit plans | 619 |  | (151) |  | 468 |
Other comprehensive (loss) income | $ | (85,244) |  | $ | 20,876 |  | $ | (64,368) |
| Three Months Ended September 30, 2021
(In thousands) | Before-Tax Amount | Tax (Expense) Benefit | Net of Tax
Available-for-sale debt securities: |  |  |
Change in net unrealized loss during the period | $ | (10,400) |  | $ | 2,548 |  | $ | (7,852) |
Reclassification adjustment for net realized loss on sale of available-for-sale debt securities included in net income | 54 |  | (13) |  | 41 |
Net unrealized gains/losses | (10,346) |  | 2,535 |  | (7,811) |
Employee benefit plans: |  |  |
Amortization of net retirement plan actuarial gain | 738 |  | (181) |  | 557 |
Amortization of net retirement plan prior service cost | 56 |  | (14) |  | 42 |
Employee benefit plans | 794 |  | (195) |  | 599 |
Other comprehensive (loss) income | $ | (9,552) |  | $ | 2,340 |  | $ | (7,212) |
| Nine Months Ended September 30, 2022
(In thousands) | Before-Tax Amount | Tax (Expense) Benefit | Net of Tax
Available-for-sale debt securities: |  |  |
Change in net unrealized loss during the period | $ | (249,937) |  | $ | 61,210 |  | $ | (188,727) |
Reclassification adjustment for net realized loss on sale of available-for-sale debt securities included in net income | 49 |  | (12) |  | 37 |
Net unrealized gains/losses | (249,888) |  | 61,198 |  | (188,690) |
Employee benefit plans: |  |  |
Amortization of net retirement plan actuarial loss | 1,695 |  | (415) |  | 1,280 |
Amortization of net retirement plan prior service cost | 162 |  | (39) |  | 123 |
Employee benefit plans | 1,857 |  | (454) |  | 1,403 |
Other comprehensive (loss) income | $ | (248,031) |  | $ | 60,744 |  | $ | (187,287) |
| Nine Months Ended September 30, 2021
(In thousands) | Before-Tax Amount | Tax (Expense) Benefit | Net of Tax
Available-for-sale debt securities: |  |  |
Change in net unrealized loss during the period | $ | (32,595) |  | $ | 7,986 |  | $ | (24,609) |
Reclassification adjustment for net realized gain on sale of available-for-sale debt securities included in net income | (275) |  | 67 |  | (208) |
Net unrealized gains/losses | (32,870) |  | 8,053 |  | (24,817) |
Employee benefit plans: |  |  |
Amortization of net retirement plan actuarial loss | 2,213 |  | (542) |  | 1,671 |
Amortization of net retirement plan prior service cost | 167 |  | (41) |  | 126 |
Employee benefit plans | 2,380 |  | (583) |  | 1,797 |
Other comprehensive (loss) income | $ | (30,490) |  | $ | 7,470 |  | $ | (23,020) |
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 June 30, 2022 | $ | (138,414) |  | $ | (40,455) |  | $ | (178,869) |
Other comprehensive (loss) income before reclassifications | (64,873) |  | 0 |  | (64,873) |
Amounts reclassified from accumulated other comprehensive (loss) income | 37 |  | 468 |  | 505 |
Net current-period other comprehensive (loss) income | (64,836) |  | 468 |  | (64,368) |
Balance at September 30, 2022 | $ | (203,250) |  | $ | (39,987) |  | $ | (243,237) |
Balance at January 1, 2022 | $ | (14,560) |  | $ | (41,390) |  | $ | (55,950) |
Other comprehensive (loss) income before reclassifications | (188,727) |  | 0 |  | (188,727) |
Amounts reclassified from accumulated other comprehensive (loss) income | 37 |  | 1,403 |  | 1,440 |
Net current-period other comprehensive (loss) income | (188,690) |  | 1,403 |  | (187,287) |
Balance at September 30, 2022 | $ | (203,250) |  | $ | (39,987) |  | $ | (243,237) |
(In thousands) | Available-for- Sale Debit Securities | Employee Benefit Plans | Accumulated Other Comprehensive (Loss) Income
Balance at June 30, 2021 | $ | 3,603 |  | $ | (51,485) |  | $ | (47,882) |
Other comprehensive (loss) income before reclassifications | (7,852) |  | 0 |  | (7,852) |
Amounts reclassified from accumulated other comprehensive (loss) income | 41 |  | 599 |  | 640 |
Net current-period other comprehensive (loss) income | (7,811) |  | 599 |  | (7,212) |
Balance at September 30, 2021 | $ | (4,208) |  | $ | (50,886) |  | $ | (55,094) |
Balance at January 1, 2021 | $ | 20,609 |  | $ | (52,683) |  | $ | (32,074) |
Other comprehensive (loss) income before reclassifications | (24,609) |  | 0 |  | (24,609) |
Amounts reclassified from accumulated other comprehensive (loss) income | (208) |  | 1,797 |  | 1,589 |
Net current-period other comprehensive (loss) income | (24,817) |  | 1,797 |  | (23,020) |
Balance at September 30, 2021 | $ | (4,208) |  | $ | (50,886) |  | $ | (55,094) |
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 nine months ended September 30, 2022 and 2021:
Three Months Ended September 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 | $ | (49) |  | Net (loss) gain on securities transactions
| 12 |  | Tax expense
| (37) |  | Net of tax
Employee benefit plans: |  |
Amortization of the following 2 |  |
Net retirement plan actuarial loss | (565) |  | Other operating expense
Net retirement plan prior service cost | (54) |  | Other operating expense
| (619) |  | Total before tax
| 151 |  | Tax benefit
| $ | (468) |  | Net of tax
Three Months Ended September 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 | $ | (54) |  | Net (loss) gain on securities transactions
| 13 |  | Tax expense
| (41) |  | Net of tax
Employee benefit plans: |  |
Amortization of the following 2 |  |
Net retirement plan actuarial loss | (738) |  | Other operating expense
Net retirement plan prior service cost | (56) |  | Other operating expense
| (794) |  | Total before tax
| 195 |  | Tax benefit
| $ | (599) |  | Net of tax
Nine Months Ended September 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 | $ | (49) |  | Net (loss) gain on securities transactions
| 12 |  | Tax expense
| (37) |  | Net of tax
Employee benefit plans: |  |
Amortization of the following 2 |  |
Net retirement plan actuarial loss | (1,695) |  | Other operating expense
Net retirement plan prior service cost | (162) |  | Other operating expense
| (1,857) |  | Total before tax
| 454 |  | Tax benefit
| $ | (1,403) |  | Net of tax
Nine Months Ended September 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 | $ | 275 |  | Net (loss) gain on securities transactions
| (67) |  | Tax expense
| 208 |  | Net of tax
Employee benefit plans: |  |
Amortization of the following 2 |  |
Net retirement plan actuarial loss | (2,213) |  | Other operating expense
Net retirement plan prior service cost | (167) |  | Other operating expense
| (2,380) |  | Total before tax
| 583 |  | Tax benefit
| $ | (1,797) |  | 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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