Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2022

Equity [Abstract]

Changes in the components of other comprehensive income

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 June 30, 2022
Securities available for sale:
Unrealized holding losses on securities	$	(76,405)	$	(19,447)	$	(56,958)
Amortization of unrealized holding gains on securities transferred to the held to maturity category	(220)		(56)		(164)
Total securities available for sale	(76,625)		(19,503)		(57,122)
Derivative instruments:
Unrealized holding gains on derivative instruments	8,401		2,139		6,262
Total derivative instruments	8,401		2,139		6,262
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	41		10		31
Total defined benefit pension and post-retirement benefit plans	41		10		31
Total other comprehensive loss	$	(68,183)	$	(17,354)	$	(50,829)
Three months ended June 30, 2021
Securities available for sale:
Unrealized holding gains on securities	4,965		1,263		3,702
Total securities available for sale	4,965		1,263		3,702
Derivative instruments:
Unrealized holding losses on derivative instruments	(6,234)		(1,586)		(4,648)
Total derivative instruments	(6,234)		(1,586)		(4,648)
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	76		19		57
Total defined benefit pension and post-retirement benefit plans	76		19		57
Total other comprehensive loss	$	(1,193)	$	(304)	$	(889)

	Pre-Tax		Tax Expense (Benefit)		Net of Tax
Six months ended June 30, 2022
Securities available for sale:
Unrealized holding losses on securities	$	(211,161)	$	(53,741)	$	(157,420)
Amortization of unrealized holding gains on securities transferred to the held to maturity category	(319)		(81)		(238)
Total securities available for sale	(211,480)		(53,822)		(157,658)
Derivative instruments:
Unrealized holding gains on derivative instruments	16,957		4,316		12,641
Total derivative instruments	16,957		4,316		12,641
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	83		21		62
Total defined benefit pension and post-retirement benefit plans	83		21		62
Total other comprehensive loss	$	(194,440)	$	(49,485)	$	(144,955)
Six months ended June 30, 2021
Securities available for sale:
Unrealized holding losses on securities	$	(15,079)	$	(3,838)	$	(11,241)
Reclassification adjustment for gains realized in net income	(1,357)		(345)		(1,012)
Total securities available for sale	(16,436)		(4,183)		(12,253)
Derivative instruments:
Unrealized holding gains on derivative instruments	8,500		2,164		6,336
Total derivative instruments	8,500		2,164		6,336
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	130		31		99
Total defined benefit pension and post-retirement benefit plans	130		31		99
Total other comprehensive loss	$	(7,806)	$	(1,988)	$	(5,818)

Accumulated balances for each component of other comprehensive income, net of tax

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

	June 30, 2022		December 31, 2021
Unrealized losses on securities	$	(166,774)	$	(9,116)
Unrealized gains on derivative instruments	16,604		3,963
Unrecognized losses on defined benefit pension and post-retirement benefit plans obligations	(5,228)		(5,290)
Total accumulated other comprehensive loss	$	(155,398)	$	(10,443)