ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)

3 Months Ended

Mar. 31, 2023

Equity [Abstract]

Schedule of components of comprehensive (loss) income gross and net of tax

The following table presents the components of other comprehensive income (loss) both gross and net of tax, inclusive of a deferred tax valuation allowance, for the 2023 and 2022 periods.

	Three Months Ended March 31,
	2023						2022
	Before Tax		Tax Effect		After Tax		Before Tax		Tax Effect			After Tax
	(In thousands)
Components of Other Comprehensive Income (Loss):
Unrealized gain (loss) on securities available-for-sale:
Unrealized gain (loss) arising during the period	$	4,039	$	—	$	4,039	$	(15,788)	$	49		$	(15,739)
Unrealized (loss) gain on cash flow hedge:
Unrealized (loss) gain arising during the period	(1,440)		—		(1,440)		5,237		—			5,237
Reclassification adjustment for (gain) loss included in net (loss) income	(1,004)		—		(1,004)		322		—			322
Total (loss) gain	(2,444)		—		(2,444)		5,559		—			5,559
Post-Retirement plans:
Reclassification adjustment for amortization of:
Net actuarial (gain) loss	(2)		—		(2)		48		—		48	48
Total other comprehensive income (loss):	$	1,593	$	—	$	1,593	$	(10,181)	$	49		$	(10,132)

Schedule of changes in accumulated other comprehensive income by component, net of tax

The following is a summary of the changes in accumulated other comprehensive income by component, net of tax, inclusive of a deferred tax valuation allowance, for the periods indicated:

	Unrealized Gains and (Losses) on Cash Flow Hedges		Unrealized Gains and (Losses) on Available-for-Sale Securities		Post-Retirement Plans		Total
	(In thousands)
Balance at December 31, 2022	$	11,091	$	(36,183)	$	373	$	(24,719)
Other comprehensive income (loss) before reclassification	(1,440)		4,039		—		2,599
Amounts reclassified from accumulated other comprehensive income	(1,004)		—		(2)		(1,006)
Net current period other comprehensive gain (loss)	(2,444)		4,039		(2)		1,593
Balance at March 31, 2023	$	8,647	$	(32,144)	$	371	$	(23,126)

	Unrealized Gains and Losses on Cash Flow Hedges		Unrealized Gains and Losses on Available-for-Sale Securities		Defined Benefit Pension Items		Total
	(In thousands)
Balance at December 31, 2021	$	(246)	$	1,091	$	(1,217)	$	(372)
Other comprehensive income (loss) before reclassification	5,237		(15,739)		—		(10,502)
Amounts reclassified from accumulated other comprehensive income	322		—		48		370
Net current period other comprehensive gain (loss)	5,559		(15,739)		48		(10,132)
Balance at March 31, 2022	$	5,313	$	(14,648)	$	(1,169)	$	(10,504)

Summary of reclassification out of each component of accumulated other comprehensive income (loss)

The following table presents information about amounts reclassified from accumulated other comprehensive income (loss) to the consolidated statements of income for the periods indicated:

Details about Accumulated Other Comprehensive Income Components	Three Months Ended March 31,				Affected Line Item in the Statement Where Net Income is Presented
	2023		2022
	(In thousands)
Losses on cash flow hedges:
Interest rate contracts	1,004		(322)		Interest (expense) income
Amortization of post-retirement plan items:
Net actuarial loss	2		(48)		Compensation and employee benefits
Total tax effect	—		—		Income tax expense
Total reclassification for the period, net of tax	$	1,006	$	(370)