Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2022

Equity [Abstract]

Other Comprehensive Income (Loss)

Other Comprehensive Income (Loss)

(In Thousands)

Changes in the components of other comprehensive income, net of tax, were as follows for the periods presented:

	Pre-Tax		Tax Expense (Benefit)		Net of Tax
Three months ended March 31, 2022
Securities available for sale:
Unrealized holding losses on securities	$	(134,756)	$	(34,294)	$	(100,462)
Amortization of unrealized holding gains on securities transferred to the held to maturity category	(99)		(25)		(74)
Total securities available for sale	(134,855)		(34,319)		(100,536)
Derivative instruments:
Unrealized holding gains on derivative instruments	8,556		2,177		6,379
Total derivative instruments	8,556		2,177		6,379
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	42		11		31
Total defined benefit pension and post-retirement benefit plans	42		11		31
Total other comprehensive loss	$	(126,257)	$	(32,131)	$	(94,126)
Three months ended March 31, 2021
Securities available for sale:
Unrealized holding losses on securities	$	(20,044)	$	(5,101)	$	(14,943)
Reclassification adjustment for gains realized in net income	(1,357)		(345)		(1,012)
Total securities available for sale	(21,401)		(5,446)		(15,955)
Derivative instruments:
Unrealized holding gains on derivative instruments	14,734		3,750		10,984
Total derivative instruments	14,734		3,750		10,984
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	54		12		42
Total defined benefit pension and post-retirement benefit plans	54		12		42
Total other comprehensive loss	$	(6,613)	$	(1,684)	$	(4,929)

The accumulated balances for each component of other comprehensive income, net of tax, were as follows as of the dates presented:

	March 31, 2022		December 31, 2021
Unrealized losses on securities	$	(109,652)	$	(9,116)
Unrealized gains on derivative instruments	10,342		3,963
Unrecognized losses on defined benefit pension and post-retirement benefit plans obligations	(5,259)		(5,290)
Total accumulated other comprehensive loss	$	(104,569)	$	(10,443)