OTHER COMPREHENSIVE INCOME (LOSS) OTHER COMPREHENSIVE INCOME (LOSS)

3 Months Ended

Mar. 31, 2022

The following tables present a reconciliation of the changes in the components of other comprehensive income and loss for the periods indicated, including the amount of tax (expense) benefit allocated to each component:


	For the Three Months Ended
	March 31, 2022						March 31, 2021
(In thousands)	Pre-Tax Amount		Tax (Expense) Benefit		After-Tax Amount		Pre-Tax Amount		Tax (Expense) Benefit		After-Tax Amount
AFS Debt Securities:
Change in fair value	$	(92,753)	$	19,942	$	(72,811)	$	(22,305)	$	4,796	$	(17,509)

Net change in fair value	(92,753)		19,942		(72,811)		(22,305)		4,796		(17,509)
Cash Flow Hedges:
Change in fair value	3,635		(782)		2,853		6,392		(1,374)		5,018
Less: reclassified AOCI loss into interest expense(1)	(500)		108		(392)		(578)		124		(454)
Less: reclassified AOCI gain into interest income(2)	382		(82)		300		392		(84)		308
Net change in fair value	3,753		(808)		2,945		6,578		(1,414)		5,164
Postretirement Plans:



Amortization of settlement recognition of net loss and prior service credit(3)	232		(50)		182		218		(48)		170
Other comprehensive loss	$	(88,768)	$	19,084	$	(69,684)	$	(15,509)	$	3,334	$	(12,175)

(1) Reclassified into interest on deposits, borrowings and/or subordinated debentures on the consolidated statements of income. Refer to Note 8 of the consolidated financial statements for further details.

(2) Reclassified into interest and fees on loans on the consolidated statements of income. Refer to Note 8 of the consolidated financial statements for further details.

(3) Reclassified into other expenses on the consolidated statements of income. Refer to Note 13 of the consolidated financial statements for further details.

The following table presents the changes in each component of AOCI, after tax, for the periods indicated:


(In thousands)	Net Unrealized Gains (Losses) on AFS Debt Securities		Net Unrealized Losses (Gains) on Cash Flow Hedges		Defined Benefit Postretirement Plans		AOCI

Balance at December 31, 2021	$	(1,173)	$	(1,779)	$	(3,277)	$	(6,229)
Other comprehensive (loss) income before reclassifications	(72,811)		2,853		187		(69,771)
Less: Amounts reclassified from AOCI	—		(92)		5		(87)
Other comprehensive (loss) income	(72,811)		2,945		182		(69,684)
Balance at March 31, 2022	$	(73,984)	$	1,166	$	(3,095)	$	(75,913)








Balance at December 31, 2020	$	29,310	$	(4,626)	$	(3,944)	$	20,740
Other comprehensive (loss) income before reclassifications	(17,509)		5,018		175		(12,316)
Less: Amounts reclassified from AOCI	—		(146)		5		(141)
Other comprehensive (loss) income	(17,509)		5,164		170		(12,175)
Balance at March 31, 2021	$	11,801	$	538	$	(3,774)	$	8,565