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Other Comprehensive Income (Loss) (Tables)
9 Months Ended
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 $(64,873)
Reclassification adjustment for net realized loss on sale of available-for-sale debt securities included in net income49 (12)37 
Net unrealized gains/losses(85,863)21,027 (64,836)
Employee benefit plans:
Amortization of net retirement plan actuarial gain565 (138)427 
Amortization of net retirement plan prior service cost54 (13)41 
Employee benefit plans619 (151)468 
Other comprehensive (loss) income$(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 $(7,852)
Reclassification adjustment for net realized loss on sale of available-for-sale debt securities included in net income54 (13)41 
Net unrealized gains/losses(10,346)2,535 (7,811)
Employee benefit plans:
Amortization of net retirement plan actuarial gain738 (181)557 
Amortization of net retirement plan prior service cost56 (14)42 
Employee benefit plans794 (195)599 
Other comprehensive (loss) income$(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 $(188,727)
Reclassification adjustment for net realized loss on sale of available-for-sale debt securities included in net income49 (12)37 
Net unrealized gains/losses(249,888)61,198 (188,690)
Employee benefit plans:
Amortization of net retirement plan actuarial loss1,695 (415)1,280 
Amortization of net retirement plan prior service cost162 (39)123 
Employee benefit plans1,857 (454)1,403 
Other comprehensive (loss) income$(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 $(24,609)
Reclassification adjustment for net realized gain on sale of available-for-sale debt securities included in net income(275)67 (208)
Net unrealized gains/losses(32,870)8,053 (24,817)
Employee benefit plans:
Amortization of net retirement plan actuarial loss2,213 (542)1,671 
Amortization of net retirement plan prior service cost167 (41)126 
Employee benefit plans2,380 (583)1,797 
Other comprehensive (loss) income$(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)$(178,869)
Other comprehensive (loss) income before reclassifications(64,873)(64,873)
Amounts reclassified from accumulated other comprehensive (loss) income37 468 505 
Net current-period other comprehensive (loss) income(64,836)468 (64,368)
Balance at September 30, 2022$(203,250)$(39,987)$(243,237)
Balance at January 1, 2022$(14,560)$(41,390)$(55,950)
Other comprehensive (loss) income before reclassifications(188,727)(188,727)
Amounts reclassified from accumulated other comprehensive (loss) income37 1,403 1,440 
Net current-period other comprehensive (loss) income(188,690)1,403 (187,287)
Balance at September 30, 2022$(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)(7,852)
Amounts reclassified from accumulated other comprehensive (loss) income41 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)(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 following2
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 following2
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 following2
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").