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Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2024

Equity [Abstract]

Schedule 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 Year Ended December 31,
						2024																		2023																		2022
(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
Debt Securities:
Change in fair value						$	(2,125)					$	457					$	(1,668)					$	13,646					$	(2,932)					$	10,714					$	(172,699)					$	37,131					$	(135,568)
Less: reclassification adjustment for amortization of securities transferred from AFS to HTM						(6,449)						1,387						(5,062)						(6,781)						1,458						(5,323)						(5,715)						1,229						(4,486)
Less: reclassification adjustment for net realized losses(1)						—						—						—						(10,310)						2,217						(8,093)						(912)						196						(716)
Net change in fair value						4,324						(930)						3,394						30,737						(6,607)						24,130						(166,072)						35,706						(130,366)
Cash Flow Hedges:
Change in fair value						5,790						(1,245)						4,545						179						(38)						141						10,038						(2,158)						7,880
Less: reclassified AOCI gain (loss) into interest expense(2)						3,821						(822)						2,999						3,364						(723)						2,641						263						(57)						206
Less: reclassified AOCI gain into interest income(3)						(1,677)						361						(1,316)						(3,446)						741						(2,705)						5						(1)						4
Net change in fair value						3,646						(784)						2,862						261						(56)						205						9,770						(2,100)						7,670
Postretirement Plans:
Net actuarial gain (loss)						856						(184)						672						114						(25)						89						2,859						(614)						2,245
Less: Amortization of net actuarial loss(4)						4						(1)						3						3						(1)						2						(947)						203						(744)
Less: Amortization of net prior service credits(4)						24						(5)						19						24						(5)						19						24						(5)						19
Net gain (loss) on postretirement plans						828						(178)						650						87						(19)						68						3,782						(812)						2,970
Other comprehensive income (loss)						$	8,798					$	(1,892)					$	6,906					$	31,085					$	(6,682)					$	24,403					$	(152,520)					$	32,794					$	(119,726)

(1)    Reclassified into net loss on sale of securities in the consolidated statements of income. Refer to Note 2 of the consolidated financial statements for further details.

(2)    Reclassified into interest on deposits, borrowings and/or junior subordinated debentures on the consolidated statements of income. Refer to Note 12 of the consolidated financial statements for further details.

(3)    Reclassified into interest and fees on loans on the consolidated statements of income. Refer to Note 12 of the consolidated financial statements for further details.

(4)    Reclassified into other expenses on the consolidated statements of income. Refer to Note 18 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 for the periods indicated:

(In thousands)						Net Unrealized (Losses) Gains on Debt Securities(1)						Net Unrealized (Losses) Gains on Cash Flow Hedges(1)						Defined Benefit Postretirement Plans(1)						AOCI(1)
Balance at December 31, 2021						$	(1,173)					$	(1,779)					$	(3,277)					$	(6,229)
Other comprehensive (loss) income before reclassifications						(126,596)						7,880						—						(118,716)
Less: Amounts reclassified from AOCI						3,770						210						(2,970)						1,010
Other comprehensive (loss) income						(130,366)						7,670						2,970						(119,726)
Balance at December 31, 2022						(131,539)						5,891						(307)						(125,955)
Other comprehensive income before reclassifications						21,363						141						—						21,504
Less: Amounts reclassified from AOCI						(2,767)						(64)						(68)						(2,899)
Other comprehensive income						24,130						205						68						24,403
Balance at December 31, 2023						(107,409)						6,096						(239)						(101,552)
Other comprehensive (loss) income before reclassifications						(1,668)						4,545						—						2,877
Less: Amounts reclassified from AOCI						(5,062)						1,683						(650)						(4,029)
Other comprehensive income						3,394						2,862						650						6,906
Balance at December 31, 2024						$	(104,015)					$	8,958					$	411					$	(94,646)

(1)    All amounts are net of tax.

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Tabular disclosure of the components of accumulated other comprehensive income (loss).

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 220
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-Publisher FASB
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Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
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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.

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