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OTHER COMPREHENSIVE INCOME (LOSS) OTHER COMPREHENSIVE INCOME (LOSS)
3 Months Ended
Mar. 31, 2025
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, 2025March 31, 2024
(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$17,239 $(3,975)$13,264 $(6,557)$1,409 $(5,148)
Less: reclassification adjustment for amortization of securities transferred from AFS to HTM
(1,524)386 (1,138)(1,528)328 (1,200)
Net change in fair value18,763 (4,361)14,402 (5,029)1,081 (3,948)
Cash Flow Hedges:
Change in fair value(1,861)424 (1,437)3,142 (675)2,467 
Less: reclassified AOCI gain into interest expense(1)
736 (168)568 905 (194)711 
Less: reclassified AOCI (loss) gain into interest income(2)
— — — (936)201 (735)
Net change in fair value(2,597)592 (2,005)3,173 (682)2,491 
Postretirement Plans:
Amortization of settlement recognition of net loss and prior service credit(3)
(8)(6)(8)(6)
Other comprehensive gain (loss)
$16,158 $(3,767)$12,391 $(1,864)$401 $(1,463)
(1)    Reclassified into interest on deposits, borrowings and/or junior subordinated debentures on the consolidated statements of income. Refer to Note 10 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 10 of the consolidated financial statements for further details.
(3)    Reclassified into other expenses on the consolidated statements of income. Refer to Note 15 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 Gains (Losses) on Cash Flow Hedges(1)
Defined Benefit Postretirement Plans(1)
AOCI(1)
Balance at December 31, 2024
$(104,015)$8,958 $411 $(94,646)
Other comprehensive income (loss) before reclassifications
13,264 (1,437)— 11,827 
Less: Amounts reclassified from AOCI(1,138)568 (564)
Other comprehensive income (loss)
14,402 (2,005)(6)12,391 
Balance at March 31, 2025
$(89,613)$6,953 $405 $(82,255)
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)(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)
(1)    All amounts are net of tax.