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OTHER COMPREHENSIVE INCOME (LOSS) OTHER COMPREHENSIVE INCOME (LOSS)
9 Months Ended
Sep. 30, 2020
Equity [Abstract]  
OTHER COMPREHENSIVE INCOME (LOSS) OTHER COMPREHENSIVE INCOME (LOSS)
The following tables present a reconciliation of the changes in the components of other comprehensive income and loss for the periods indicated, including the amount of tax (expense) benefit allocated to each component:
For The Three Months Ended
September 30, 2020September 30, 2019
(In thousands)Pre-Tax
Amount
Tax (Expense)
Benefit
After-Tax
Amount
Pre-Tax
Amount
Tax (Expense)
Benefit
After-Tax
Amount
AFS Securities:
Unrealized holdings (losses) gains$(746)$160 $(586)$4,551 $(978)$3,573 
Less: reclassification adjustment for net realized losses(1)
— — — — 
Net unrealized (losses) gains(746)160 (586)4,550 (978)3,572 
Cash Flow Hedges:
Net increase (decrease) in fair value688 (148)540 (394)84 (310)
Less: effective portion reclassified into interest expense(2)
(479)103 (376)(342)73 (269)
Less: effective portion reclassified into interest income(3)
311 (67)244 — — — 
Net increase (decrease) in fair value856 (184)672 (52)11 (41)
Postretirement Plans:
Net actuarial gain(4)
175 (37)138 68 (14)54 
Less: Amortization of net prior service credits(4)
(1)(1)
Net gain on postretirement plans
169 (36)133 62 (13)49 
Other comprehensive income
$279 $(60)$219 $4,560 $(980)$3,580 
(1)    Reclassified into net gain on sale of securities on the consolidated statements of income.
(2)    Reclassified into interest on deposits, borrowings and/or subordinated debentures on the consolidated statements of income.
(3)    Reclassified into interest and fees on loans on the consolidated statements of income.
(4)    Reclassified into other expenses on the consolidated statements of income.
For The Nine Months Ended
September 30, 2020September 30, 2019
(In thousands)Pre-Tax
Amount
Tax (Expense)
Benefit
After-Tax
Amount
Pre-Tax
Amount
Tax (Expense)
Benefit
After-Tax
Amount
AFS Securities:
Unrealized holdings gains
$32,451 $(6,977)$25,474 $32,270 $(6,938)$25,332 
Less: reclassification adjustment for net realized gains(1)
— — — 28 (6)22 
Net unrealized gains32,451 (6,977)25,474 32,242 (6,932)25,310 
Cash Flow Hedges:
Net decrease in fair value
(418)90 (328)(3,105)667 (2,438)
Less: effective portion reclassified into interest expense(2)
(990)213 (777)(662)142 (520)
Less: effective portion reclassified into interest income(3)
610 (131)479 — — — 
Net decrease in fair value(38)(30)(2,443)525 (1,918)
Postretirement Plans:
Net actuarial gain(4)
526 (113)413 202 (43)159 
Less: Amortization of net prior service credits(4)
18 (4)14 18 (4)14 
Net gain on postretirement plans
508 (109)399 184 (39)145 
Other comprehensive income
$32,921 $(7,078)$25,843 $29,983 $(6,446)$23,537 
(1)    Reclassified into net gain on sale of securities on the consolidated statements of income.
(2)    Reclassified into interest on deposits, borrowings and/or subordinated debentures on the consolidated statements of income.
(3)    Reclassified into interest and fees on loans on the consolidated statements of income.
(4)    Reclassified into other expenses on the consolidated statements of income.

The following table presents the changes in each component of AOCI for the periods indicated:
(In thousands)
Net Unrealized Gains (Losses) on AFS Securities(1)
Net Unrealized Losses on Cash Flow Hedges(1)
Defined Benefit Postretirement Plans(1)
AOCI(1)
Balance at December 31, 2018$(17,826)$(4,437)$(2,157)$(24,420)
Other comprehensive income (loss) before reclassifications
25,332 (2,438)159 23,053 
Less: Amounts reclassified from AOCI22 (520)14 (484)
Other comprehensive income (loss)25,310 (1,918)145 23,537 
Balance at September 30, 2019$7,484 $(6,355)$(2,012)$(883)
Balance at December 31, 2019$3,250 $(6,048)$(3,470)$(6,268)
Other comprehensive income (loss) before reclassifications
25,474 (328)413 25,559 
Less: Amounts reclassified from AOCI— (298)14 (284)
Other comprehensive income (loss)25,474 (30)399 25,843 
Balance at September 30, 2020$28,724 $(6,078)$(3,071)$19,575 
(1)    All amounts are net of tax.