Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2023

Stockholders' Equity Note [Abstract]

The following tables present reclassifications out of the accumulated other comprehensive income (loss) for the three month periods ended March 31, 2023 and 2022:


	Three Months Ended March 31, 2023
(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	$	27,255	$	(6,677)	$	20,578

Net unrealized gains/losses	27,255		(6,677)		20,578

Employee benefit plans:
Amortization of net retirement plan actuarial gain	297		(73)		224
Amortization of net retirement plan prior service cost	55		(14)		41
Employee benefit plans	352		(87)		265
Other comprehensive (loss) income	$	27,607	$	(6,764)	$	20,843


	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 (loss) gain during the period	$	(106,481)	$	26,076	$	(80,405)

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)

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, 2023	$	(178,803)	$	(29,886)	$	(208,689)
Other comprehensive income before reclassifications	20,578		0		20,578
Amounts reclassified from accumulated other comprehensive (loss) income	0		265		265
Net current-period other comprehensive income (loss)	20,578		265		20,843
Balance at March 31, 2023	$	(158,225)	$	(29,621)	$	(187,846)

Balance at January 1, 2022	$	(14,560)	$	(41,390)	$	(55,950)
Other comprehensive loss before reclassifications	(80,405)		0		(80,405)
Amounts reclassified from accumulated other comprehensive (loss) income	0		506		506
Net current-period other comprehensive income (loss)	(80,405)		506		(79,899)
March 31, 2022	$	(94,965)	$	(40,884)	$	(135,849)

The following tables present the amounts reclassified out of each component of accumulated other comprehensive (loss) income for the three months ended March 31, 2023 and 2022:


Three Months Ended March 31, 2023
Details about Accumulated other Comprehensive Income (Loss) Components (In thousands)	Amount Reclassified from Accumulated Other Comprehensive (Loss) Income1		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	(297)		Other operating expense
Net retirement plan prior service cost	(55)		Other operating expense
	(352)		Total before tax
	87		Tax benefit
	$	(265)	Net of tax


Three Months Ended March 31, 2022
Details about Accumulated other Comprehensive Income (Loss) Components (In thousands)	Amount Reclassified from Accumulated Other Comprehensive (Loss) Income1		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

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").