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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2025
Stockholders' Equity Note [Abstract]  
Components of Accumulated Other Comprehensive Income (Loss)

A roll-forward of the components of Accumulated Other Comprehensive Income (Loss) is presented in the table that follows:

($ in thousands)

Available
for Sale
Securities

 

HTM Securities
Transferred
from AFS

 

Employee
Benefit Plans

 

Cash
Flow Hedges

 

Equity Method Investment

 

Total

 

Balance, December 31, 2024

$

(473,679

)

$

(8,071

)

$

(77,235

)

$

(47,136

)

$

29

 

$

(606,092

)

Net change in unrealized gain (loss)

 

102,125

 

 

 

 

 

 

7,560

 

 

(173

)

 

109,512

 

Reclassification of net loss realized and included in earnings

 

 

 

 

 

955

 

 

8,460

 

 

 

 

9,415

 

Amortization of unrealized net loss on securities transferred to HTM

 

 

 

405

 

 

 

 

 

 

 

 

405

 

Income tax (expense) benefit

 

(24,014

)

 

(109

)

 

(384

)

 

(3,705

)

 

 

 

(28,212

)

Balance, March 31, 2025

$

(395,568

)

$

(7,775

)

$

(76,664

)

$

(34,821

)

$

(144

)

$

(514,972

)

Balance, December 31, 2023

$

(450,748

)

$

(9,385

)

$

(103,061

)

$

(58,306

)

$

373

 

$

(621,127

)

Net change in unrealized gain (loss)

 

(48,264

)

 

 

 

 

 

(29,191

)

 

(344

)

 

(77,799

)

Reclassification of net loss realized and included in earnings

 

 

 

 

 

1,019

 

 

12,558

 

 

 

 

13,577

 

Valuation adjustments to employee benefit plans

 

 

 

 

 

22,014

 

 

 

 

 

 

22,014

 

Amortization of unrealized net loss on securities transferred to HTM

 

 

 

428

 

 

 

 

 

 

 

 

428

 

Income tax (expense) benefit

 

10,927

 

 

(96

)

 

(5,176

)

 

3,737

 

 

 

 

9,392

 

Balance, March 31, 2024

$

(488,085

)

$

(9,053

)

$

(85,204

)

$

(71,202

)

$

29

 

$

(653,515

)

Line Items in Consolidated Income Statements Affected by Amounts Reclassified from Accumulated Other Comprehensive Income

The following table shows the line items in the consolidated statements of income affected by amounts reclassified from AOCI.

 



 

Three Months Ended

 

 

 

Amount reclassified from AOCI (a)

 

March 31,

 

 

Affected line item on

($ in thousands)

 

2025

 

 

2024

 

 

the statement of income

Amortization of unrealized net loss on securities transferred to HTM

 

$

(405

)

 

$

(428

)

 

Interest income

Tax effect

 

 

109

 

 

 

96

 

 

Income taxes

Net of tax

 

 

(296

)

 

 

(332

)

 

Net income

Amortization of defined benefit pension and post-retirement items

 

 

(955

)

 

 

(1,019

)

 

Other noninterest expense (b)

Tax effect

 

 

384

 

 

 

229

 

 

Income taxes

Net of tax

 

 

(571

)

 

 

(790

)

 

Net income

Reclassification of unrealized loss on cash flow hedges

 

 

(6,950

)

 

 

(12,658

)

 

Interest income

Tax effect

 

 

1,607

 

 

 

2,844

 

 

Income taxes

Net of tax

 

 

(5,343

)

 

 

(9,814

)

 

Net income

Amortization of gain (loss) on terminated cash flow hedges

 

 

(1,510

)

 

 

100

 

 

Interest income

Tax effect

 

 

349

 

 

 

(22

)

 

Income taxes

Net of tax

 

 

(1,161

)

 

 

78

 

 

Net income

Total reclassifications, net of tax

 

$

(7,371

)

 

$

(10,858

)

 

Net income

 

(a)
Amounts in parentheses indicate reduction in net income.
(b)
These AOCI components are included in the computation of net periodic pension and post-retirement cost that is reported with other noninterest
expense (see Note 12 – Retirement Plans for additional details).