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Other Comprehensive Income (Loss)
12 Months Ended
Dec. 31, 2021
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 Year Ended
December 31,
202120202019
(In thousands)Pre-Tax
Amount
Tax (Expense)
Benefit
After-Tax
Amount
Pre-Tax
Amount
Tax (Expense)
Benefit
After-Tax
Amount
Pre-Tax
Amount
Tax (Expense)
Benefit
After-Tax
Amount
AFS Debt Securities:
Unrealized holding (loss) gain$(38,832)$8,349 $(30,483)$33,198 $(7,138)$26,060 $26,743 $(5,750)$20,993 
Less: reclassification adjustment for net realized loss(1)
— — — — — — (105)22 (83)
Net unrealized (loss) gain(38,832)8,349 (30,483)33,198 (7,138)26,060 26,848 (5,772)21,076 
Cash Flow Hedges:
Net increase (decrease) in fair value2,987 (642)2,345 1,214 (260)954 (2,973)639 (2,334)
Less: reclassified AOCI gain (loss) into interest expense(2)
(2,254)485 (1,769)(1,603)345 (1,258)(707)151 (556)
Less: reclassified AOCI gain (loss) into interest income(3)
1,614 (347)1,267 1,006 (216)790 (214)47 (167)
Net increase (decrease) in fair value3,627 (780)2,847 1,811 (389)1,422 (2,052)441 (1,611)
Postretirement Plans:
Net actuarial loss(20)(16)(1,282)277 (1,005)(1,918)412 (1,506)
Less: Amortization of net actuarial loss(4)
(894)192 (702)(701)151 (550)(271)59 (212)
Less: Amortization of net prior service credits(4)
24 (5)19 24 (5)19 24 (5)19 
Net loss on postretirement plans850 (183)667 (605)131 (474)(1,671)358 (1,313)
Other comprehensive (loss) income$(34,355)$7,386 $(26,969)$34,404 $(7,396)$27,008 $23,125 $(4,973)$18,152 
(1)    Reclassified into net loss on sale of securities on the consolidated statements of income.
(2)    Reclassified into interest on deposits, borrowings and subordinated debentures on the consolidated statements of income.
(3)    Reclassified into interest and fees on loans on the consolidated statements of income.
(4)    Reclassified into salaries and employee benefits and other expenses on the consolidated statements of income.
The following table presents the changes in each component of AOCI for the periods indicated:
(In thousands)
Net Unrealized (Losses) Gains on AFS Debt Securities(1)
Net Unrealized (Losses) Gains on Cash Flow Hedges(1)
Defined Benefit Postretirement Plans(1)
AOCI(1)
Balance at December 31, 2018$(17,826)$(4,437)$(2,157)$(24,420)
Other comprehensive income (loss) before reclassifications20,993 (2,334)(1,506)17,153 
Less: Amounts reclassified from AOCI(83)(723)(193)(999)
Other comprehensive income (loss)21,076 (1,611)(1,313)18,152 
Balance at December 31, 20193,250 (6,048)(3,470)(6,268)
Other comprehensive income (loss) before reclassifications26,060 954 (1,005)26,009 
Less: Amounts reclassified from AOCI— (468)(531)(999)
Other comprehensive income (loss)26,060 1,422 (474)27,008 
Balance at December 31, 202029,310 (4,626)(3,944)20,740 
Other comprehensive (loss) income before reclassifications(30,483)2,345 (16)(28,154)
Less: Amounts reclassified from AOCI— (502)(683)(1,185)
Other comprehensive (loss) income(30,483)2,847 667 (26,969)
Balance at December 31, 2021$(1,173)$(1,779)$(3,277)$(6,229)
(1)    All amounts are net of tax.