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Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2025
Stockholders' Equity Note [Abstract]  
Components of Accumulated Other Comprehensive Income (Loss)

A rollforward 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)

 

146,860

 

 

 

 

 

 

11,096

 

 

(173

)

 

157,783

 

Reclassification of net loss realized and included in earnings

 

 

 

 

 

1,888

 

 

17,195

 

 

 

 

19,083

 

Amortization of unrealized net loss on securities transferred to HTM

 

 

 

792

 

 

 

 

 

 

 

 

792

 

Income tax expense

 

(34,140

)

 

(196

)

 

(594

)

 

(6,463

)

 

 

 

(41,393

)

Balance, June 30, 2025

$

(360,959

)

$

(7,475

)

$

(75,941

)

$

(25,308

)

$

(144

)

$

(469,827

)

Balance, December 31, 2023

$

(450,748

)

$

(9,385

)

$

(103,061

)

$

(58,306

)

$

373

 

$

(621,127

)

Net change in unrealized gain (loss)

 

(59,111

)

 

 

 

 

 

(38,696

)

 

(344

)

 

(98,151

)

Reclassification of net loss realized and included in earnings

 

 

 

 

 

2,254

 

 

25,471

 

 

 

 

27,725

 

Valuation adjustments to employee benefit plans

 

 

 

 

 

22,014

 

 

 

 

 

 

22,014

 

Amortization of unrealized net loss on securities transferred to HTM

 

 

 

818

 

 

 

 

 

 

 

 

818

 

Income tax (expense) benefit

 

13,450

 

 

(184

)

 

(5,453

)

 

2,972

 

 

 

 

10,785

 

Balance, June 30, 2024

$

(496,409

)

$

(8,751

)

$

(84,246

)

$

(68,559

)

$

29

 

$

(657,936

)

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.

 



 

Six Months Ended

 

 

 

Amount reclassified from AOCI (a)

 

June 30,

 

 

Affected line item on

($ in thousands)

 

2025

 

 

2024

 

 

the statement of income

Amortization of unrealized net loss on securities transferred to HTM

 

$

(792

)

 

$

(818

)

 

Interest income

Tax effect

 

 

196

 

 

 

184

 

 

Income taxes

Net of tax

 

 

(596

)

 

 

(634

)

 

Net income

Amortization of defined benefit pension and post-retirement items

 

 

(1,888

)

 

 

(2,254

)

 

Other noninterest expense (b)

Tax effect

 

 

594

 

 

 

506

 

 

Income taxes

Net of tax

 

 

(1,294

)

 

 

(1,748

)

 

Net income

Reclassification of unrealized loss on cash flow hedges

 

 

(14,159

)

 

 

(25,281

)

 

Interest income

Tax effect

 

 

3,235

 

 

 

5,681

 

 

Income taxes

Net of tax

 

 

(10,924

)

 

 

(19,600

)

 

Net income

Amortization of loss on terminated cash flow hedges

 

 

(3,036

)

 

 

(190

)

 

Interest income

Tax effect

 

 

694

 

 

 

43

 

 

Income taxes

Net of tax

 

 

(2,342

)

 

 

(147

)

 

Net income

Total reclassifications, net of tax

 

$

(15,156

)

 

$

(22,129

)

 

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 13 – Retirement Plans for additional details).