XML 46 R33.htm IDEA: XBRL DOCUMENT
v3.23.3

OTHER COMPREHENSIVE INCOME (LOSS) OTHER COMPREHENSIVE INCOME (LOSS) (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Equity [Abstract] |
Schedule of of 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, 2023 |  | September 30, 2022
(In thousands) |  | Pre-Tax Amount |  | Tax (Expense) Benefit |  | After-Tax Amount |  | Pre-Tax Amount |  | Tax (Expense) Benefit |  | After-Tax Amount
Debt Securities: |  |  |  |  |  |  |  |  |  |  |  |
Change in fair value |  | $ | (18,115) |  |  | $ | 3,895 |  |  | $ | (14,220) |  |  | $ | (28,432) |  |  | $ | 6,113 |  |  | $ | (22,319) |
Less: reclassification adjustment for amortization of securities transferred from AFS to HTM(1) |  | 1,742 |  |  | (375) |  |  | 1,367 |  |  | 2,436 |  |  | (524) |  |  | 1,912 |
Less: reclassification adjustment for net realized losses(2) |  | (5,335) |  |  | 1,147 |  |  | (4,188) |  |  | — |  |  | — |  |  | — |
Net change in fair value |  | (14,522) |  |  | 3,123 |  |  | (11,399) |  |  | (30,868) |  |  | 6,637 |  |  | (24,231) |
Cash Flow Hedges: |  |  |  |  |  |  |  |  |  |  |  |
Change in fair value |  | 3,950 |  |  | (849) |  |  | 3,101 |  |  | 3,381 |  |  | (727) |  |  | 2,654 |
Less: reclassified AOCI gain (loss) into interest expense(3) |  | 872 |  |  | (187) |  |  | 685 |  |  | 241 |  |  | (52) |  |  | 189 |
Less: reclassified AOCI (loss) gain into interest income(4) |  | (909) |  |  | 195 |  |  | (714) |  |  | (121) |  |  | 26 |  |  | (95) |
Net change in fair value |  | 3,987 |  |  | (857) |  |  | 3,130 |  |  | 3,261 |  |  | (701) |  |  | 2,560 |
Postretirement Plans: |  |  |  |  |  |  |  |  |  |  |  |
Amortization of settlement recognition of net loss and prior service credit(5) |  | (6) |  |  | 1 |  |  | (5) |  |  | 230 |  |  | (49) |  |  | 181 |
Other comprehensive loss |  | $ | (10,541) |  |  | $ | 2,267 |  |  | $ | (8,274) |  |  | $ | (27,377) |  |  | $ | 5,887 |  |  | $ | (21,490) |
(1) Reclassified into taxable interest on investments and/or nontaxable interest on investments in the consolidated statements of income. Refer to Note 3 of the consolidated financial statements for further details. (2) Reclassified into net loss on sale of securities in the consolidated statements of income. Refer to Note 3 of the consolidated financial statements for further details. (3) Reclassified into interest on deposits, borrowings and/or subordinated debentures on the consolidated statements of income. Refer to Note 8 of the consolidated financial statements for further details. (4) Reclassified into interest and fees on loans on the consolidated statements of income. Refer to Note 8 of the consolidated financial statements for further details. (5) Reclassified into other expenses on the consolidated statements of income. Refer to Note 13 of the consolidated financial statements for further details.
|  | For the Nine Months Ended
|  | September 30, 2023 |  | September 30, 2022
(In thousands) |  | Pre-Tax Amount |  | Tax (Expense) Benefit |  | After-Tax Amount |  | Pre-Tax Amount |  | Tax (Expense) Benefit |  | After-Tax Amount
Debt Securities: |  |  |  |  |  |  |  |  |  |  |  |
Change in fair value |  | $ | (9,993) |  |  | $ | 2,149 |  |  | $ | (7,844) |  |  | $ | (173,421) |  |  | $ | 37,286 |  |  | $ | (136,135) |
Less: reclassification adjustment for amortization of securities transferred from AFS to HTM(1) |  | 5,137 |  |  | (1,104) |  |  | 4,033 |  |  | 3,780 |  |  | (813) |  |  | 2,967 |
Less: reclassification adjustment for net realized losses(2) |  | (5,335) |  |  | 1,147 |  |  | (4,188) |  |  | (9) |  |  | 2 |  |  | (7) |
Net change in fair value |  | (9,795) |  |  | 2,106 |  |  | (7,689) |  |  | (177,192) |  |  | 38,097 |  |  | (139,095) |
Cash Flow Hedges: |  |  |  |  |  |  |  |  |  |  |  |
Change in fair value |  | 4,427 |  |  | (951) |  |  | 3,476 |  |  | 10,604 |  |  | (2,280) |  |  | 8,324 |
Less: reclassified AOCI gain (loss) into interest expense(3) |  | 2,518 |  |  | (541) |  |  | 1,977 |  |  | (498) |  |  | 107 |  |  | (391) |
Less: reclassified AOCI (loss) gain into interest income(4) |  | (2,488) |  |  | 535 |  |  | (1,953) |  |  | 498 |  |  | (107) |  |  | 391 |
Net change in fair value |  | 4,397 |  |  | (945) |  |  | 3,452 |  |  | 10,604 |  |  | (2,280) |  |  | 8,324 |
Postretirement Plans: |  |  |  |  |  |  |  |  |  |  |  |
Amortization of settlement recognition of net loss and prior service credit(5) |  | (20) |  |  | 4 |  |  | (16) |  |  | 693 |  |  | (149) |  |  | 544 |
Other comprehensive loss |  | $ | (5,418) |  |  | $ | 1,165 |  |  | $ | (4,253) |  |  | $ | (165,895) |  |  | $ | 35,668 |  |  | $ | (130,227) |
(1) Reclassified into taxable interest on investments and/or nontaxable interest on investments in the consolidated statements of income. Refer to Note 3 of the consolidated financial statements for further details. (2) Reclassified into net loss on sale of securities in the consolidated statements of income. Refer to Note 3 of the consolidated financial statements for further details. (3) Reclassified into interest on deposits, borrowings and/or subordinated debentures on the consolidated statements of income. Refer to Note 8 of the consolidated financial statements for further details. (4) Reclassified into interest and fees on loans on the consolidated statements of income. Refer to Note 8 of the consolidated financial statements for further details. (5) Reclassified into other expenses on the consolidated statements of income. Refer to Note 13 of the consolidated financial statements for further details.
Schedule of Accumulated Other Comprehensive Income (Loss) | The following table presents the changes in each component of AOCI, after tax, for the periods indicated:
(In thousands) |  | Net Unrealized Gains (Losses) on Debt Securities(1) |  | Net Unrealized (Losses) Gains on Cash Flow Hedges(1) |  | Defined Benefit Postretirement Plans(1) |  | AOCI(1)
At or For the Three Months Ended September 30, 2023 |  |  |  |  |  |  |  |
Balance at June 30, 2023 |  | $ | (127,829) |  |  | $ | 6,213 |  |  | $ | (318) |  |  | $ | (121,934) |
Other comprehensive (loss) income before reclassifications |  | (14,220) |  |  | 3,101 |  |  | — |  |  | (11,119) |
Less: Amounts reclassified from AOCI |  | (2,821) |  |  | (29) |  |  | 5 |  |  | (2,845) |
Other comprehensive (loss) income |  | (11,399) |  |  | 3,130 |  |  | (5) |  |  | (8,274) |
Balance at September 30, 2023 |  | $ | (139,228) |  |  | $ | 9,343 |  |  | $ | (323) |  |  | $ | (130,208) |
At or For the Nine Months Ended September 30, 2023 |  |  |  |  |  |  |  |
Balance at December 31, 2022 |  | $ | (131,539) |  |  | $ | 5,891 |  |  | $ | (307) |  |  | $ | (125,955) |
Other comprehensive (loss) income before reclassifications |  | (7,844) |  |  | 3,476 |  |  | — |  |  | (4,368) |
Less: Amounts reclassified from AOCI |  | (155) |  |  | 24 |  |  | 16 |  |  | (115) |
Other comprehensive (loss) income |  | (7,689) |  |  | 3,452 |  |  | (16) |  |  | (4,253) |
Balance at September 30, 2023 |  | $ | (139,228) |  |  | $ | 9,343 |  |  | $ | (323) |  |  | $ | (130,208) |
At or For the Three Months Ended September 30, 2022 |  |  |  |  |  |  |  |
Balance at June 30, 2022 |  | $ | (116,037) |  |  | $ | 3,985 |  |  | $ | (2,914) |  |  | $ | (114,966) |
Other comprehensive (loss) income before reclassifications |  | (22,319) |  |  | 2,654 |  |  | — |  |  | (19,665) |
Less: Amounts reclassified from AOCI |  | 1,912 |  |  | 94 |  |  | (181) |  |  | 1,825 |
Other comprehensive (loss) income |  | (24,231) |  |  | 2,560 |  |  | 181 |  |  | (21,490) |
Balance at September 30, 2022 |  | $ | (140,268) |  |  | $ | 6,545 |  |  | $ | (2,733) |  |  | $ | (136,456) |
At or For the Nine Months Ended September 30, 2022 |  |  |  |  |  |  |  |
Balance at December 31, 2021 |  | $ | (1,173) |  |  | $ | (1,779) |  |  | $ | (3,277) |  |  | $ | (6,229) |
Other comprehensive (loss) income before reclassifications |  | (136,135) |  |  | 8,324 |  |  | — |  |  | (127,811) |
Less: Amounts reclassified from AOCI |  | 2,960 |  |  | — |  |  | (544) |  |  | 2,416 |
Other comprehensive (loss) income |  | (139,095) |  |  | 8,324 |  |  | 544 |  |  | (130,227) |
Balance at September 30, 2022 |  | $ | (140,268) |  |  | $ | 6,545 |  |  | $ | (2,733) |  |  | $ | (136,456) |
(1) All amounts are net of tax.

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 1 -Section 45 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1 + Details
Name: | us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration