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Other Comprehensive Income (Loss)
3 Months Ended
Mar. 31, 2023
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Other Comprehensive Income (Loss)

Other Comprehensive Income (Loss):

The following tables represent the details of other comprehensive loss for the three month periods ended March 31, 2023 and 2022.

 

 

Three Months Ended March 31, 2023

 

(In Thousands of Dollars)

Pre-tax

 

 

Tax

 

 

After-Tax

 

Unrealized holding gains on available-for-sale securities during the period

$

42,900

 

 

$

(9,009

)

 

$

33,891

 

Reclassification adjustment for gains included in net income (1)

 

(120

)

 

 

25

 

 

 

(95

)

Net unrealized gains on available-for-sale securities

$

42,780

 

 

$

(8,984

)

 

$

33,796

 

Change in funded status of post-retirement health plan

 

0

 

 

 

0

 

 

 

0

 

Net other comprehensive income

$

42,780

 

 

$

(8,984

)

 

$

33,796

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2022

 

(In Thousands of Dollars)

Pre-tax

 

 

Tax

 

 

After-Tax

 

Unrealized holding losses on available-for-sale securities during the period

$

(112,398

)

 

$

23,605

 

 

$

(88,793

)

Reclassification adjustment for gains included in net income (1)

 

0

 

 

 

0

 

 

 

0

 

Net unrealized gains on available-for-sale securities

$

(112,398

)

 

$

23,605

 

 

$

(88,793

)

Change in funded status of post-retirement health plan

 

(2

)

 

 

0

 

 

 

(2

)

Net other comprehensive loss

$

(112,400

)

 

$

23,605

 

 

$

(88,795

)

 

(1) Pre-tax reclassification adjustments relating to available-for-sale securities are reported in security gains and the tax impact is included in income tax expense on the consolidated statements of income.