Accumulated Other Comprehensive Income, Net of Tax

6 Months Ended

Jun. 30, 2021

Equity [Abstract]

Accumulated Other Comprehensive Income, Net of Tax

Accumulated Other Comprehensive Income, Net of Tax

The following table summarizes the changes in each component of accumulated other comprehensive income (loss), net of tax:

	Three months ended June 30, 2021								Six months ended June 30, 2021
(In thousands)	Securities Available For Sale		Derivative Instruments		Defined Benefit Pension and Other Postretirement Benefit Plans		Total		Securities Available For Sale		Derivative Instruments		Defined Benefit Pension and Other Postretirement Benefit Plans		Total
Beginning balance	$	37,071	$	15,546	$	(44,343)	$	8,274	$	67,424	$	19,918	$	(45,086)	$	42,256
Other comprehensive (loss) before reclassifications	(1,473)		(2,475)		—		(3,948)		(31,826)		(7,645)		—		(39,471)
Amounts reclassified from accumulated other comprehensive (loss)	—		823		741		1,564		—		1,621		1,484		3,105
Net current-period other comprehensive (loss) income, net of tax	(1,473)		(1,652)		741		(2,384)		(31,826)		(6,024)		1,484		(36,366)
Ending balance	$	35,598	$	13,894	$	(43,602)	$	5,890	$	35,598	$	13,894	$	(43,602)	$	5,890

	Three months ended June 30, 2020								Six months ended June 30, 2020
(In thousands)	Securities Available For Sale		Derivative Instruments		Defined Benefit Pension and Other Postretirement Benefit Plans		Total		Securities Available For Sale		Derivative Instruments		Defined Benefit Pension and Other Postretirement Benefit Plans		Total
Beginning balance	$	1,562	$	17,048	$	(43,410)	$	(24,800)	$	17,251	$	(9,184)	$	(44,139)	$	(36,072)
Other comprehensive income before reclassifications	61,914		2,186		—		64,100		46,231		26,965		—		73,196
Amounts reclassified from accumulated other comprehensive income	—		1,415		730		2,145		(6)		2,868		1,459		4,321
Net current-period other comprehensive income, net of tax	61,914		3,601		730		66,245		46,225		29,833		1,459		77,517
Ending balance	$	63,476	$	20,649	$	(42,680)	$	41,445	$	63,476	$	20,649	$	(42,680)	$	41,445

The following table further details the amounts reclassified from accumulated other comprehensive income (loss):

(In thousands)	Three months ended June 30,				Six months ended June 30,				Associated Line Item on the Condensed Consolidated Statements of Income
AOCI (AOCL) Component	2021		2020		2021		2020
Securities available-for-sale:
Unrealized gains on investment securities	$	—	$	—	$	—	$	8	Gain on sale of investment securities, net
Tax expense	—		—		—		(2)		Income tax expense
Net of tax	$	—	$	—	$	—	$	6
Derivative instruments:
Hedge terminations	$	(1,037)	$	(1,088)	$	(2,042)	$	(2,261)	Interest expense
Premium amortization	(77)		(828)		(153)		(1,622)		Interest income
Tax benefit	291		501		574		1,015		Income tax expense
Net of tax	$	(823)	$	(1,415)	$	(1,621)	$	(2,868)
Defined benefit pension and other postretirement benefit plans:
Amortization of net loss	$	(1,007)	$	(990)	$	(2,015)	$	(1,980)	Other non-interest expense
Tax benefit	266		260		531		521		Income tax expense
Net of tax	$	(741)	$	(730)	$	(1,484)	$	(1,459)