Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2022

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income (Loss)

The following tables summarize the components of accumulated other comprehensive income (loss) at September 30, 2022 and 2021, including changes during the preceding three and nine month periods as well as any reclassifications out of accumulated other comprehensive income (loss):


($ in Thousands)	AFS Investment Securities		Defined Benefit Pension and Postretirement Obligations		Accumulated Other Comprehensive Income (Loss)
Balance December 31, 2021	$	(5,266)	$	(5,051)	$	(10,317)
Other comprehensive (loss) before reclassifications	(268,413)		—		(268,413)
Unrealized (losses) on AFS securities transferred to HTM securities	(67,604)		—		(67,604)
Amounts reclassified from accumulated other comprehensive income (loss)
Investment securities (gains), net	(12)		—		(12)
HTM investment securities, net, at amortized cost	7,269		—		7,269
Personnel (expense)	—		(244)		(244)
Other expense	—		494		494
Income tax (expense) benefit	83,906		(470)		83,436
Net other comprehensive (loss) during period	(244,854)		(221)		(245,074)
Balance September 30, 2022	$	(250,120)	$	(5,272)	$	(255,391)

Balance December 31, 2020	$	41,325	$	(28,707)	$	12,618
Other comprehensive (loss) before reclassifications	(35,829)		—		(35,829)

Amounts reclassified from accumulated other comprehensive income (loss)
Investment securities losses, net	16		—		16
HTM investment securities, net, at amortized cost	1,335		—		1,335
Personnel (expense)	—		(111)		(111)
Other expense	—		3,446		3,446
Income tax (expense) benefit	8,548		(836)		7,712
Net other comprehensive income (loss) during period	(25,930)		2,498		(23,431)
Balance September 30, 2021	$	15,395	$	(26,209)	$	(10,813)


($ in Thousands)	AFS Investment Securities		Defined Benefit Pension and Post Retirement Obligations		Accumulated Other Comprehensive Income (Loss)
Balance June 30, 2022	$	(177,726)	$	(5,062)	$	(182,788)
Other comprehensive (loss) before reclassifications	(100,092)		—		(100,092)

Amounts reclassified from accumulated other comprehensive income (loss)

HTM investment securities, net, at amortized cost	2,888		—		2,888
Personnel (expense)	—		(82)		(82)
Other expense	—		347		347
Income tax (expense) benefit	24,810		(474)		24,336
Net other comprehensive (loss) during period	(72,394)		(209)		(72,603)
Balance September 30, 2022	$	(250,120)	$	(5,272)	$	(255,391)

Balance June 30, 2021	$	30,076	$	(27,187)	$	2,889
Other comprehensive (loss) before reclassifications	(19,827)		—		(19,827)

Amounts reclassified from accumulated other comprehensive income (loss)

HTM investment securities, net, at amortized cost	172		—		172
Personnel (expense)	—		(37)		(37)
Other expense	—		1,346		1,346
Income tax (expense) benefit	4,975		(330)		4,644
Net other comprehensive (loss) during period	(14,681)		979		(13,702)
Balance September 30, 2021	$	15,395	$	(26,209)	$	(10,813)