Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 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 September 30, 2022
Securities available for sale:
Unrealized holding losses on securities	$	(85,283)	$	(21,704)	$	(63,579)
Amortization of unrealized holding gains on securities transferred to the held to maturity category	1,619		412		1,207
Total securities available for sale	(83,664)		(21,292)		(62,372)
Derivative instruments:
Unrealized holding gains on derivative instruments	2,262		575		1,687
Total derivative instruments	2,262		575		1,687
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	$	(81,360)	$	(20,706)	$	(60,654)
Three months ended September 30, 2021
Securities available for sale:
Unrealized holding losses on securities	$	(12,408)	$	(3,158)	$	(9,250)
Reclassification adjustment for gains realized in net income	(764)		(194)		(570)
Total securities available for sale	(13,172)		(3,352)		(9,820)
Derivative instruments:
Unrealized holding gains on derivative instruments	1,629		414		1,215
Total derivative instruments	1,629		414		1,215
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	67		18		49
Total defined benefit pension and post-retirement benefit plans	67		18		49
Total other comprehensive loss	$	(11,476)	$	(2,920)	$	(8,556)

	Pre-Tax		Tax Expense (Benefit)		Net of Tax
Nine months ended September 30, 2022
Securities available for sale:
Unrealized holding losses on securities	$	(296,444)	$	(75,445)	$	(220,999)
Amortization of unrealized holding gains on securities transferred to the held to maturity category	1,300		331		969
Total securities available for sale	(295,144)		(75,114)		(220,030)
Derivative instruments:
Unrealized holding gains on derivative instruments	19,219		4,891		14,328
Total derivative instruments	19,219		4,891		14,328
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	125		32		93
Total defined benefit pension and post-retirement benefit plans	125		32		93
Total other comprehensive loss	$	(275,800)	$	(70,191)	$	(205,609)
Nine months ended September 30, 2021
Securities available for sale:
Unrealized holding losses on securities	$	(27,487)	$	(6,996)	$	(20,491)
Reclassification adjustment for gains realized in net income	(2,121)		(539)		(1,582)
Total securities available for sale	(29,608)		(7,535)		(22,073)
Derivative instruments:
Unrealized holding gains on derivative instruments	10,129		2,578		7,551
Total derivative instruments	10,129		2,578		7,551
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	197		49		148
Total defined benefit pension and post-retirement benefit plans	197		49		148
Total other comprehensive loss	$	(19,282)	$	(4,908)	$	(14,374)

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:

	September 30, 2022		December 31, 2021
Unrealized losses on securities	$	(229,146)	$	(9,116)
Unrealized gains on derivative instruments	18,290		3,963
Unrecognized losses on defined benefit pension and post-retirement benefit plans obligations	(5,196)		(5,290)
Total accumulated other comprehensive loss	$	(216,052)	$	(10,443)