Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2025

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 June 30, 2025 and 2024, including changes during the preceding six month periods as well as any reclassifications out of accumulated other comprehensive income (loss):


(in thousands)	AFS Investment Securities		Cash Flow Hedge Derivatives		Defined Benefit Pension and Postretirement Obligations		Accumulated Other Comprehensive Income (Loss)
Balance December 31, 2024	$	(48,993)	$	(1,268)	$	(24,154)	$	(74,416)
Other comprehensive income before reclassifications	53,149		—		4,770		57,919

Amounts reclassified from accumulated other comprehensive income (loss):

HTM investment securities, net, at amortized cost(a)	3,986		—		—		3,986
Other assets / accrued expenses and other liabilities	—		8,532		—		8,532
Interest income	—		2,555		—		2,555
Personnel expense	—		—		(126)		(126)
Other expense	—		—		(8)		(8)
Income tax (expense) benefit	(14,251)		2,668		(1,157)		(12,740)
Net other comprehensive income during period	42,884		13,755		3,480		60,119
Balance June 30, 2025	$	(6,109)	$	12,487	$	(20,674)	$	(14,297)

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, net	197		—		—		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)

(a) Amortization of net unrealized losses on AFS securities transferred to HTM securities.


(in thousands)	AFS Investment Securities		Cash Flow Hedge Derivatives		Defined Benefit Pension and Postretirement Obligations		Accumulated Other Comprehensive (Loss) Income
Balance March 31, 2025	$	(23,655)	$	9,135	$	(20,624)	$	(35,144)
Other comprehensive income before reclassifications	21,317		—		—		21,317

Amounts reclassified from accumulated other comprehensive income (loss):

HTM investment securities, net, at amortized cost(a)	2,059		—		—		2,059
Other assets / accrued expenses and other liabilities	—		1,264		—		1,264
Interest income	—		1,437		—		1,437
Personnel expense	—		—		(63)		(63)
Other expense	—		—		(4)		(4)
Income tax (expense) benefit	(5,830)		650		17		(5,164)
Net other comprehensive income (loss) during period	17,545		3,352		(50)		20,847
Balance June 30, 2025	$	(6,109)	$	12,487	$	(20,674)	$	(14,297)

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 income (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)

(a) Amortization of net unrealized losses on AFS securities transferred to HTM securities.