Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2022

Stockholders' Equity Note [Abstract]

Schedule of tax effect allocated to each component of other comprehensive income (loss)

The tax effect allocated to each component of other comprehensive income (loss) were as follows:


December 31, 2022	Before-Tax Amount		Tax (Expense) Benefit		Net of Tax
(In thousands)
Available-for-sale debt securities:
Change in net unrealized (loss) gain during the period	$	(229,463)	$	56,223	$	(173,240)

Reclassification adjustment for net realized loss on sale included in available-for-sale debt securities	11,916		(2,919)		8,997
Net unrealized losses	(217,547)		53,304		(164,243)

Employee benefit plans:
Net retirement plan gain ( loss)	12,761		(3,127)		9,634


Amortization of net retirement plan actuarial gain	2,260		(554)		1,706
Amortization of net retirement plan prior service (cost) credit	216		(52)		164
Employee benefit plans	15,237		(3,733)		11,504

Other comprehensive loss	$	(202,310)	$	49,571	$	(152,739)


December 31, 2021	Before-Tax Amount		Tax (Expense) Benefit		Net of Tax
(In thousands)
Available-for-sale debt securities:
Change in net unrealized (loss) gain during the period	$	(46,301)	$	11,340	$	(34,961)

Reclassification adjustment for net realized gain on sale included in available-for-sale debt securities	(275)		67		(208)
Net unrealized losses	(46,576)		11,407		(35,169)

Employee benefit plans:
Net retirement plan gain (loss)	11,785		(2,887)		8,898


Amortization of net retirement plan actuarial gain	2,951		(723)		2,228
Amortization of net retirement plan prior service (cost) credit	221		(54)		167
Employee benefit plans	14,957		(3,664)		11,293

Other comprehensive loss	$	(31,619)	$	7,743	$	(23,876)


December 31, 2020	Before-Tax Amount		Tax (Expense) Benefit		Net of Tax
(In thousands)
Available-for-sale debt securities:
Change in net unrealized gain during the period	$	22,381	$	(5,487)	$	16,894

Reclassification adjustment for net realized gain on sale included in available-for-sale debt securities	(430)		106		(324)
Net unrealized gains	21,951		(5,381)		16,570

Employee benefit plans:
Net retirement plan loss	(9,309)		2,281		(7,028)


Amortization of net retirement plan actuarial gain	2,366		(580)		1,786
Amortization of net retirement plan prior service (cost) credit	214		(52)		162
Employee benefit plans	(6,729)		1,649		$	(5,080)
Other comprehensive income	$	15,222	$	(3,732)	$	11,490

Schedule of accumulated other comprehensive income (loss)

The following table presents the activity in our accumulated other comprehensive loss for the periods indicated:


(In thousands)	Available-for-Sale Debt Securities		Employee Benefit Plans		Accumulated Other Comprehensive Income (loss)
Balance at January 1, 2020	$	4,039	$	(47,603)	$	(43,564)
Other comprehensive income (loss)	16,570		(5,080)		11,490
Balance at December 31, 2020	$	20,609	$	(52,683)	$	(32,074)

Balance at January 1, 2021	20,609		(52,683)		(32,074)
Other comprehensive (loss) income	(35,169)		11,293		(23,876)

Balance at December 31, 2021	$	(14,560)	$	(41,390)	$	(55,950)

Balance at January 1, 2022	(14,560)		(41,390)		(55,950)
Other comprehensive (loss) income	(164,243)		11,504		(152,739)

Balance at December 31, 2022	$	(178,803)	$	(29,886)	$	(208,689)


December 31, 2022
Details about Accumulated other Comprehensive Income Components (in thousands)	Amount Reclassified from Accumulated Other Comprehensive (Loss)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	$	(11,916)	Net (loss) gain on securities transactions
	2,919		Tax expense
	(8,997)		Net of tax
Employee benefit plans:
Amortization of the following2
Net retirement plan actuarial gain	(2,260)		Other operating expense
Net retirement plan prior service credit	(216)		Other operating expense

	(2,476)		Total before tax
	606		Tax benefit
	$	(1,870)	Net of tax


December 31, 2021
Details about Accumulated other Comprehensive Income Components (in thousands)	Amount Reclassified from Accumulated Other Comprehensive (Loss)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 gain on securities transactions
	(67)		Tax benefit
	208		Net of tax
Employee benefit plans:
Amortization of the following2
Net retirement plan actuarial gain	(2,951)		Other operating expense
Net retirement plan prior service credit	(221)		Other operating expense

	(3,172)		Total before tax
	777		Tax benefit
	$	(2,395)	Net of tax

1 Amounts in parentheses indicate debits in income statement.

2 The accumulated other comprehensive income (loss) components are included in the computation of net periodic benefit cost (See Note 11 - "Employee Benefit Plans").