Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2022

Equity [Abstract]

Schedule of Other Comprehensive Income (Loss)

The following tables present the components of other comprehensive income (loss), both gross and net of tax, for the three months ended March 31, 2022 and 2021:

	For the Three Months Ended March 31,
	2022						2021
	Before Tax		Tax Effect		After Tax		Before Tax		Tax Effect		After Tax
	(In thousands)
Components of other comprehensive income (loss):
Unrealized (loss) on debt securities available for sale:	$	(80,181)	$	22,366	$	(57,815)	$	(19,840)	$	2,806	$	(17,034)
Accretion of unrealized (loss) on debt securities reclassified as held to maturity	(4)		1		(3)		(4)		18		14
	(80,185)		22,367		(57,818)		(19,844)		2,824		(17,020)
Derivatives:
Unrealized gain on swap contracts accounted for as cash flow hedges	4,382		(1,225)		3,157		5,832		(149)		5,683
	4,382		(1,225)		3,157		5,832		(149)		5,683
Employee benefit plans:
Amortization of prior service cost included in net income	(14)		3		(11)		(14)		4		(10)
Reclassification adjustment of actuarial net (loss) included in net income	(339)		95		(244)		(1,511)		422		(1,089)
Change in funded status of retirement obligations	706		(226)		480		3,050		6,504		9,554
	353		(128)		225		1,525		6,930		8,455
Total other comprehensive (loss)	$	(75,450)	$	21,014	$	(54,436)	$	(12,487)	$	9,605	$	(2,882)

Components of Other Comprehensive Income (Loss)

The following tables present the changes in the components of accumulated other comprehensive income (loss), net of tax, for the three months ended March 31, 2022 and 2021:

	For the Three Months Ended March 31,
	2022								2021
	Unrealized Gains (Losses) on Debt Securities Available for Sale		Unrealized (Losses) on Swaps		Employee Benefit Plans		Accumulated Other Comprehensive (Loss)		Unrealized Gains on Debt Securities Available for Sale		Unrealized (Losses) on Swaps		Employee Benefit Plans		Accumulated Other Comprehensive (Loss)
	(In thousands)
Balance at beginning of period	$	1,644	$	(4,917)	$	(42,646)	$	(45,919)	$	31,028	$	(16,856)	$	(83,797)	$	(69,625)
Current period changes in other comprehensive (loss) income	(57,818)		3,157		225		(54,436)		(17,020)		5,683		8,455		(2,882)
Total other comprehensive (loss) income	$	(56,174)	$	(1,760)	$	(42,421)	$	(100,355)	$	14,008	$	(11,173)	$	(75,342)	$	(72,507)

Reclassification out of AOCI

The following tables reflect amounts reclassified from accumulated other comprehensive income (loss) to the Consolidated Statements of Income and the affected line item in the statement where net income is presented for the three months ended March 31, 2022 and 2021:

	Accumulated Other Comprehensive Income (Loss) Components
	For the Three Months Ended March 31,				Affected Line Items in the Consolidated Statements of Income
	2022		2021
	(In thousands)
Reclassification adjustment of actuarial net (loss) included in net income	$	(339)	$	(1,511)	Other non-interest expense
Income tax benefit	95		422
Net of tax	$	(244)	$	(1,089)