ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table summarizes the changes in the balances of each component of accumulated other comprehensive income (loss), net of tax, as of September 30, 2022 and 2021:

	Accumulated Other Comprehensive Income (Loss)
	Unrealized Gains (Losses) on Securities Available for Sale		Unrealized Gains (Losses) on Cash Flow Hedges		Unrealized Gains (Losses) on Defined Benefit Plans		Total
Balance at December 31, 2021	$	59,774	$	(660)	$	(4,001)	$	55,113
Other comprehensive income (loss) before reclassifications	(369,096)		400		—		(368,696)
Amounts reclassified from accumulated other comprehensive income	(898)		392		—		(506)
Period change	(369,994)		792		—		(369,202)
Balance at September 30, 2022	$	(310,220)	$	132	$	(4,001)	$	(314,089)
Balance at December 31, 2020	$	87,988	$	(1,594)	$	(11,558)	$	74,836
Other comprehensive income (loss) before reclassifications	(31,379)		17		—		(31,362)
Amounts reclassified from accumulated other comprehensive income	(4,200)		615		—		(3,585)
Period change	(35,579)		632		—		(34,947)
Balance at September 30, 2021	$	52,409	$	(962)	$	(11,558)	$	39,889

The following table presents the reclassification adjustments out of accumulated other comprehensive income (loss) that were included in net income in the Consolidated Condensed Statements of Income for the three and nine months ended September 30, 2022 and 2021.

	Amount Reclassified from Accumulated Other Comprehensive Income (Loss) For the Three Months Ended September 30,
Details about Accumulated Other Comprehensive Income (Loss) Components	2022		2021		Affected Line Item in the Statements of Income
Unrealized gains (losses) on available for sale securities (1)
Realized securities gains reclassified into income	$	481	$	1,756	Other income - net realized gains on sales of available for sale securities
Related income tax expense	(101)		(369)		Income tax expense
	$	380	$	1,387
Unrealized gains (losses) on cash flow hedges (2)
Interest rate contracts	$	(78)	$	(266)	Interest expense - subordinated debentures and term loans
Related income tax benefit	16		56		Income tax expense
	$	(62)	$	(210)
Total reclassifications for the period, net of tax	$	318	$	1,177

	Amount Reclassified from Accumulated Other Comprehensive Income (Loss) For the Nine Months Ended September 30,
Details about Accumulated Other Comprehensive Income (Loss) Components	2022		2021		Affected Line Item in the Statements of Income
Unrealized gains (losses) on available for sale securities (1)
Realized securities gains reclassified into income	$	1,137	$	5,316	Other income - net realized gains on sales of available for sale securities
Related income tax expense	(239)		(1,116)		Income tax expense
	$	898	$	4,200
Unrealized gains (losses) on cash flow hedges (2)
Interest rate contracts	$	(496)	$	(779)	Interest expense - subordinated debentures and term loans
Related income tax benefit	104		164		Income tax expense
	$	(392)	$	(615)
Total reclassifications for the period, net of tax	$	506	$	3,585

(1) For additional detail related to unrealized gains (losses) on available for sale securities and related amounts reclassified from accumulated other comprehensive income see NOTE 3. INVESTMENT SECURITIES of these Notes to Consolidated Condensed Financial Statements.

(2) For additional detail related to unrealized gains (losses) on cash flow hedges and related amounts reclassified from accumulated other comprehensive income see NOTE 7. DERIVATIVE FINANCIAL INSTRUMENTS of these Notes to Consolidated Condensed Financial Statements.