Accumulated Other Comprehensive (Loss) Income, Net of Tax

3 Months Ended

Mar. 31, 2023

Accumulated Other Comprehensive Income (Loss), Net of Tax

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



	Three months ended March 31, 2023
(In thousands)		Securities Available For Sale		Derivative Instruments		Defined Benefit Pension and Other Postretirement Benefit Plans		Total
Balance, beginning of period		$	(631,160)	$	(8,874)	$	(44,926)	$	(684,960)
Other comprehensive income before reclassifications		56,635		20,782		3,553		80,970
Amounts reclassified from accumulated other comprehensive (loss)		14,983		592		395		15,970
Other comprehensive income, net of tax		71,618		21,374		3,948		96,940
Balance, end of period		$	(559,542)	$	12,500	$	(40,978)	$	(588,020)


	Three months ended March 31, 2022
(In thousands)		Securities Available For Sale		Derivative Instruments		Defined Benefit Pension and Other Postretirement Benefit Plans		Total
Balance, beginning of period		$	4,536	$	6,070	$	(33,186)	$	(22,580)
Other comprehensive (loss) before reclassifications		(244,879)		(8,613)		(719)		(254,211)
Amounts reclassified from accumulated other comprehensive income (loss)		—		769		299		1,068
Other comprehensive (loss), net of tax		(244,879)		(7,844)		(420)		(253,143)
Balance, end of period		$	(240,343)	$	(1,774)	$	(33,606)	$	(275,723)

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


Accumulated Other Comprehensive Income (Loss) Components	Three months ended			Associated Line Item on the Condensed Consolidated Statements of Income
	March 31,
		2023					2022
(In thousands)
Investment securities available-for-sale:
Net holding (losses)		$	(20,483)		$	—	(Loss) on sale of investment securities


Tax benefit		5,500			—		Income tax expense
Net of tax		$	(14,983)		$	—
Derivative instruments:
Hedge terminations		$	(76)		$	(77)	Interest expense
Premium amortization		(736)			(978)		Interest income
Tax benefit		220			286		Income tax expense
Net of tax		$	(592)		$	(769)
Defined benefit pension and other postretirement benefit plans:
Actuarial net loss amortization		$	(542)		$	(411)	Other expense
Tax benefit		147			112		Income tax expense
Net of tax		$	(395)		$	(299)