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Accumulated Other Comprehensive Income (Loss)
6 Months Ended
Jun. 30, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss)
The following tables summarize the components of accumulated other comprehensive income (loss) at June 30, 2024 and 2023, including changes during the preceding three and six month periods as well as any reclassifications out of accumulated other comprehensive income (loss):
($ in thousands)AFS Investment
Securities
Cash Flow Hedge DerivativesDefined Benefit
Pension and
Postretirement
Obligations
Accumulated
Other
Comprehensive
Income (Loss)
Balance December 31, 2023
$(148,641)$3,080 $(25,535)$(171,096)
Other comprehensive (loss) before reclassifications(41,014)— — (41,014)
Amounts reclassified from accumulated other comprehensive income (loss):
Investment securities losses, net197 — — 197 
HTM investment securities, net, at amortized cost(a)
4,182 — — 4,182 
Other assets / accrued expenses and other liabilities— (26,248)— (26,248)
Interest income— 9,592 — 9,592 
Personnel expense— — (144)(144)
Other expense— — (14)(14)
Income tax benefit (expense)9,138 (2,192)(1,614)5,333 
Net other comprehensive (loss) during period(27,498)(18,848)(1,772)(48,117)
Balance June 30, 2024$(176,139)$(15,768)$(27,307)$(219,214)
Balance December 31, 2022
$(233,192)$3,360 $(42,968)$(272,799)
Other comprehensive (loss) before reclassifications(12,588)— — (12,588)
Amounts reclassified from accumulated other comprehensive (loss):
HTM investment securities, net, at amortized cost(a)
4,556 — — 4,556 
Other assets / accrued expenses and other liabilities— (20,384)— (20,384)
Interest income— 4,581 — 4,581 
Personnel expense— — (163)(163)
Other expense— — 22 22 
Income tax benefit1,951 3,173 5,132 
Net other comprehensive (loss) during period(6,081)(12,630)(132)(18,843)
Balance June 30, 2023$(239,273)$(9,270)$(43,099)$(291,642)
(a) Amortization of net unrealized losses on AFS securities transferred to HTM securities.
($ in thousands)AFS Investment
Securities
Cash Flow Hedge DerivativesDefined Benefit
Pension and
Postretirement
Obligations
Accumulated
Other
Comprehensive
Income (Loss)
Balance March 31, 2024
$(169,388)$(13,246)$(27,247)$(209,881)
Other comprehensive (loss) before reclassifications(11,126)— — (11,126)
Amounts reclassified from accumulated other comprehensive (loss):
HTM investment securities, net, at amortized cost(a)
2,122 — — 2,122 
Other assets / accrued expenses and other liabilities— (6,787)— (6,787)
Interest income— 4,769 — 4,769 
Personnel expense— — (73)(73)
Other expense— — (7)(7)
Income tax benefit (expense)2,253 (503)20 1,769 
Net other comprehensive (loss) during period(6,751)(2,522)(60)(9,333)
Balance June 30, 2024$(176,139)$(15,768)$(27,307)$(219,214)
Balance March 31, 2023$(204,339)$13,691 $(42,940)$(233,588)
Other comprehensive (loss) before reclassifications(49,066)— — (49,066)
Amounts reclassified from accumulated other comprehensive income (loss):
HTM investment securities, net, at amortized cost(a)
2,289 — — 2,289 
Other assets / accrued expenses and other liabilities— (34,147)— (34,147)
Interest income— 3,319 — 3,319 
Personnel expense— — (81)(81)
Other expense— — (7)(7)
Income tax benefit (expense)11,843 7,867 (71)19,639 
Net other comprehensive (loss) during period(34,934)(22,961)(159)(58,054)
Balance June 30, 2023$(239,273)$(9,270)$(43,099)$(291,642)
(a) Amortization of net unrealized losses on AFS securities transferred to HTM securities.