Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2024

The following tables present the after-tax changes in the balances of each component of accumulated other comprehensive loss for the three months ended March 31, 2024 and 2023:


	Components of Accumulated Other Comprehensive Loss						Total Accumulated Other Comprehensive Loss
	Unrealized Gains and Losses on Available for Sale (AFS) Securities		Unrealized Gains and Losses on Derivatives		Defined Benefit Pension and Postretirement Benefit Plans
	(in thousands)
December 31, 2022	$	(127,818)	$	2,233	$	(38,417)	$	(164,002)
Other comprehensive loss before reclassification	17,170		2,798		—		19,968
Amounts reclassified from other comprehensive income	—		379		8		387
Other comprehensive income, net	17,170		3,177		8		20,355
March 31, 2023	$	(110,648)	$	5,410	$	(38,409)	$	(143,647)

December 31, 2023	$	(115,502)	$	2,114	$	(33,068)	$	(146,456)
Other comprehensive loss before reclassification	(10,205)		—		—		(10,205)
Amounts reclassified from other comprehensive (loss) income	—		(222)		35		(187)
Other comprehensive (loss) income, net	(10,205)		(222)		35		(10,392)
March 31, 2024	$	(125,707)	$	1,892	$	(33,033)	$	(156,848)

The following table presents amounts reclassified from each component of accumulated other comprehensive loss on a gross and net of tax basis for the three months ended March 31, 2024 and 2023:


	Amounts Reclassified from Accumulated Other Comprehensive Loss
	Three Months Ended March 31,
Components of Accumulated Other Comprehensive Loss	2024		2023		Income Statement Line Item
	(in thousands)







Unrealized gains (losses) on derivatives (cash flow hedges) before tax	$	298	$	(531)	Interest income
Tax effect	(76)		152
Total net of tax	222		(379)
Defined benefit pension and postretirement benefit plans:
Amortization of actuarial net loss	(49)		(11)		*

Tax effect	14		3
Total net of tax	(35)		(8)
Total reclassifications, net of tax	$	187	$	(387)


*			Amortization of actuarial net loss is included in the computation of net periodic pension cost recognized within other non-interest expense.