XML 30 R18.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

OTHER COMPREHENSIVE INCOME (LOSS) OTHER COMPREHENSIVE INCOME (LOSS) | 3 Months Ended
--- | ---
Mar. 31, 2024
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
|  | March 31, 2024 |  | March 31, 2023
(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 |  | $ | (6,557) |  |  | $ | 1,409 |  |  | $ | (5,148) |  |  | $ | 9,885 |  |  | $ | (2,125) |  |  | $ | 7,760 |
Less: reclassification adjustment for amortization of securities transferred from AFS to HTM |  | (1,528) |  |  | 328 |  |  | (1,200) |  |  | (1,699) |  |  | 365 |  |  | (1,334) |
Net change in fair value |  | (5,029) |  |  | 1,081 |  |  | (3,948) |  |  | 11,584 |  |  | (2,490) |  |  | 9,094 |
Cash Flow Hedges: |  |  |  |  |  |  |  |  |  |  |  |
Change in fair value |  | 3,142 |  |  | (675) |  |  | 2,467 |  |  | (3,109) |  |  | 668 |  |  | (2,441) |
Less: reclassified AOCI gain into interest expense(1) |  | 905 |  |  | (194) |  |  | 711 |  |  | 926 |  |  | (199) |  |  | 727 |
Less: reclassified AOCI (loss) gain into interest income(2) |  | (936) |  |  | 201 |  |  | (735) |  |  | (717) |  |  | 154 |  |  | (563) |
Net change in fair value |  | 3,173 |  |  | (682) |  |  | 2,491 |  |  | (3,318) |  |  | 713 |  |  | (2,605) |
Postretirement Plans: |  |  |  |  |  |  |  |  |  |  |  |
Amortization of settlement recognition of net loss and prior service credit(3) |  | (8) |  |  | 2 |  |  | (6) |  |  | (6) |  |  | 1 |  |  | (5) |
Other comprehensive (loss) gain |  | $ | (1,864) |  |  | $ | 401 |  |  | $ | (1,463) |  |  | $ | 8,260 |  |  | $ | (1,776) |  |  | $ | 6,484 |
(1) Reclassified into interest on deposits, borrowings and/or junior subordinated debentures on the consolidated statements of income. Refer to Note 8 of the consolidated financial statements for further details. (2) 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. (3) Reclassified into other expenses on the consolidated statements of income. Refer to Note 13 of the consolidated financial statements for further details.
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)
Balance at December 31, 2023 |  | $ | (107,409) |  |  | $ | 6,096 |  |  | $ | (239) |  |  | $ | (101,552) |
Other comprehensive (loss) income before reclassifications |  | (5,148) |  |  | 2,467 |  |  | — |  |  | (2,681) |
Less: Amounts reclassified from AOCI |  | (1,200) |  |  | (24) |  |  | 6 |  |  | (1,218) |
Other comprehensive (loss) income |  | (3,948) |  |  | 2,491 |  |  | (6) |  |  | (1,463) |
Balance at March 31, 2024 |  | $ | (111,357) |  |  | $ | 8,587 |  |  | $ | (245) |  |  | $ | (103,015) |
Balance at December 31, 2022 |  | $ | (131,539) |  |  | $ | 5,891 |  |  | $ | (307) |  |  | $ | (125,955) |
Other comprehensive income (loss) before reclassifications |  | 7,760 |  |  | (2,441) |  |  | — |  |  | 5,319 |
Less: Amounts reclassified from AOCI |  | (1,334) |  |  | 164 |  |  | 5 |  |  | (1,165) |
Other comprehensive income (loss) |  | 9,094 |  |  | (2,605) |  |  | (5) |  |  | 6,484 |
Balance at March 31, 2023 |  | $ | (122,445) |  |  | $ | 3,286 |  |  | $ | (312) |  |  | $ | (119,471) |
(1) All amounts are net of tax.

X
- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//220/tableOfContent + Details
Name: | us-gaap_ComprehensiveIncomeNoteTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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