Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2023

Equity [Abstract]

Changes in the components of other comprehensive income (loss)

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

	Pre-Tax		Tax Expense (Benefit)		Net of Tax
Three months ended June 30, 2023
Securities available for sale:
Unrealized holding losses on securities	$	(21,283)	$	(5,353)	$	(15,930)
Reclassification adjustment for losses realized in net income	22,438		5,622		16,816
Amortization of unrealized holding losses on securities transferred to the held to maturity category	3,026		774		2,252
Total securities available for sale	4,181		1,043		3,138
Derivative instruments:
Unrealized holding losses on derivative instruments	(3,167)		(806)		(2,361)
Total derivative instruments	(3,167)		(806)		(2,361)
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	115		29		86
Total defined benefit pension and post-retirement benefit plans	115		29		86
Total other comprehensive income	$	1,129	$	266	$	863
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)

	Pre-Tax		Tax Expense (Benefit)		Net of Tax
Six months ended June 30, 2023
Securities available for sale:
Unrealized holding losses on securities	$	(569)	$	(170)	$	(399)
Reclassification adjustment for losses realized in net income	22,438		5,622		16,816
Amortization of unrealized holding losses on securities transferred to the held to maturity category	6,154		1,574		4,580
Total securities available for sale	28,023		7,026		20,997
Derivative instruments:
Unrealized holding losses on derivative instruments	(4,823)		(1,230)		(3,593)
Total derivative instruments	(4,823)		(1,230)		(3,593)
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	231		59		172
Total defined benefit pension and post-retirement benefit plans	231		59		172
Total other comprehensive income	$	23,431	$	5,855	$	17,576
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)

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

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

	June 30, 2023		December 31, 2022
Unrealized losses on securities	$	(198,769)	$	(219,766)
Unrealized gains on derivative instruments	15,363		18,956
Unrecognized losses on defined benefit pension and post-retirement benefit plans obligations	(8,055)		(8,227)
Total accumulated other comprehensive loss	$	(191,461)	$	(209,037)