OTHER COMPREHENSIVE (LOSS) INCOME (Tables)

12 Months Ended

Dec. 31, 2022

Statement of Other Comprehensive Loss [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

Changes in Accumulated Other Comprehensive (Loss) Income by Component

(1)

Year ended December 31,

2022

2021

2020

(In thousands)

Unrealized net holding (losses) gains on available-for-sale debt securities:

Beginning balance

$

(87,390)

$

55,725

$

6,764

 Other comprehensive (loss) income

(718,582)

(143,115)

48,961

Ending balance

$

(805,972)

$

(87,390)

$

55,725

Adjustment of pension and postretirement benefit plans:

Beginning balance

$

3,391

$

(270)

$

-

 Other comprehensive (loss) income

(2,197)

3,661

(270)

Ending balance

$

1,194

$

3,391

$

(270)

____________________

(1) All amounts presented are net of tax.

Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]

Reclassifications Out of Accumulated Other

Comprehensive (Loss) Income

Affected Line Item in the Consolidated

Statements of Income

Year ended

December 31,

2022

2021

2020

(In thousands)

Unrealized net holding (losses) gains on

 available-for-sale debt securities:

Realized gain on sales

Net gain on investment securities

$

-

$

-

$

(13,198)

Adjustment of pension and postretirement

 benefit plans:

Amortization of net loss

Other expenses

3

1

-

Total before tax

$

3

$

1

$

(13,198)

Income tax expense 

(1)

-

-

Total, net of tax

$

2

$

1

$

(13,198)