Accumulated Other Comprehensive Loss

9 Months Ended

Sep. 30, 2025

The following tables present the after-tax changes in the balances of each component of accumulated other comprehensive loss for the three and nine months ended September 30, 2025 and 2024:



	Components of Accumulated Other Comprehensive Loss						Total Accumulated Other Comprehensive Loss
	Unrealized Gains and Losses on AFS Securities		Unrealized Gains and Losses on Derivatives		Defined Benefit Pension and Postretirement Benefit Plans
	(in thousands)
June 30, 2025	$	(98,190)	$	806	$	(22,505)	$	(119,889)
Other comprehensive income before reclassification	21,206		—		—		21,206
Amounts reclassified to earnings	(1)		(222)		104		(119)
Other comprehensive income (loss), net	21,205		(222)		104		21,087
September 30, 2025	$	(76,985)	$	584	$	(22,401)	$	(98,802)

June 30, 2024	$	(131,299)	$	1,682	$	(32,996)	$	(162,613)
Other comprehensive income before reclassification	48,023		—		—		48,023
Amounts reclassified to earnings	1		(219)		36		(182)
Other comprehensive income (loss), net	48,024		(219)		36		47,841
September 30, 2024	$	(83,275)	$	1,463	$	(32,960)	$	(114,772)


	Components of Accumulated Other Comprehensive Loss						Total Accumulated Other Comprehensive Loss
	Unrealized Gains and Losses on AFS Securities		Unrealized Gains and Losses on Derivatives		Defined Benefit Pension and Postretirement Benefit Plans
	(in thousands)
December 31, 2024	$	(133,898)	$	1,245	$	(22,681)	$	(155,334)
Other comprehensive income before reclassification	56,914		—		—		56,914
Amounts reclassified to earnings	(1)		(661)		280		(382)
Other comprehensive income (loss), net	56,913		(661)		280		56,532
September 30, 2025	$	(76,985)	$	584	$	(22,401)	$	(98,802)

December 31, 2023	$	(115,502)	$	2,114	$	(33,068)	$	(146,456)
Other comprehensive income before reclassification	32,218		—		—		32,218
Amounts reclassified to earnings	9		(651)		108		(534)
Other comprehensive income (loss), net	32,227		(651)		108		31,684
September 30, 2024	$	(83,275)	$	1,463	$	(32,960)	$	(114,772)

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 and nine months ended September 30, 2025 and 2024:


	Amounts Reclassified from Accumulated Other Comprehensive Loss
	Three Months Ended September 30,				Nine Months Ended September 30,
Components of Accumulated Other Comprehensive Loss	2025		2024		2025		2024		Income Statement Line Item
	(in thousands)
Unrealized gains (losses) on AFS securities before tax	$	1	$	(1)	$	1	$	(12)	Gains on securities transactions, net
Tax effect	—		—		—		3
Total net of tax	1		(1)		1		(9)




Unrealized gains on derivatives (cash flow hedges) before tax	$	307	$	302	$	912	$	899	Interest and fees on loans
Tax effect	(85)		(83)		(251)		(248)
Total net of tax	222		219		661		651
Defined benefit pension and postretirement benefit plans:
Amortization of actuarial net loss	(143)		(50)		(385)		(149)		Other non-interest expense

Tax effect	39		14		105		41
Total net of tax	(104)		(36)		(280)		(108)
Total reclassifications, net of tax	$	119	$	182	$	382	$	534