ACCUMULATED OTHER COMPREHENSIVE LOSS

3 Months Ended

Mar. 31, 2023

ACCUMULATED OTHER COMPREHENSIVE LOSS [Abstract]

ACCUMULATED OTHER COMPREHENSIVE LOSS

NOTE 15 – ACCUMULATED OTHER COMPREHENSIVE LOSS 

The following table presents the changes in accumulated other comprehensive loss for the quarters ended March 31, 2023 and

2022:

Changes in Accumulated Other Comprehensive Loss by Component

(1)

Quarter ended March 31,

2023

2022

(In thousands)

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

Beginning balance

$

(805,972)

$

(87,390)

 Other comprehensive income (loss)

87,228

(331,834)

Ending balance

$

(718,744)

$

(419,224)

Adjustment of pension and postretirement benefit plans:

Beginning balance

$

1,194

$

3,391

 Other comprehensive income (loss)

-

-

Ending balance

$

1,194

$

3,391

____________________

(1) All amounts presented are net of tax.