COMPREHENSIVE (LOSS) INCOME

9 Months Ended

Sep. 30, 2022

COMPREHENSIVE (LOSS) INCOME

COMPREHENSIVE (LOSS) INCOME

3. COMPREHENSIVE (LOSS) INCOME

Comprehensive (loss) income is the total of (1) net income, and (2) all other changes in equity from non-stockholder sources, which are referred to as other comprehensive (loss) income. The components of other comprehensive (loss) income, and the related tax effects, are as follows:

(In Thousands)	Before-Tax		Income Tax		Net-of-Tax
	Amount		Effect		Amount
Three Months Ended September 30, 2022
Available-for-sale debt securities:
Unrealized holding losses on available-for-sale debt securities	$	(25,880)	$	5,437	$	(20,443)
Reclassification adjustment for (gains) realized in income		(20)		4		(16)
Other comprehensive loss from available-for-sale debt securities		(25,900)		5,441		(20,459)
Unfunded pension and postretirement obligations,
Amortization of prior service cost and net actuarial loss included in net periodic benefit cost		(9)		1		(8)
Total other comprehensive loss	$	(25,909)	$	5,442	$	(20,467)

(In Thousands)	Before-Tax		Income Tax		Net-of-Tax
	Amount		Effect		Amount
Three Months Ended September 30, 2021
Available-for-sale debt securities:
Unrealized holding losses on available-for-sale debt securities	$	(3,608)	$	759	$	(2,849)
Reclassification adjustment for (gains) realized in income		(23)		5		(18)
Other comprehensive loss from available-for-sale debt securities	$	(3,631)	$	764	$	(2,867)
Unfunded pension and postretirement obligations,
Amortization of prior service cost and net actuarial loss included in net periodic benefit cost		(5)		1		(4)
Total other comprehensive loss	$	(3,636)	$	765	$	(2,871)

(In Thousands)	Before-Tax		Income Tax		Net-of-Tax
	Amount		Effect		Amount
Nine Months Ended September 30, 2022
Available-for-sale debt securities:
Unrealized holding losses on available-for-sale debt securities	$	(77,923)	$	16,365	$	(61,558)
Reclassification adjustment for (gains) realized in income		(21)		4		(17)
Other comprehensive loss from available-for-sale debt securities		(77,944)		16,369		(61,575)
Unfunded pension and postretirement obligations:
Changes from plan amendments and actuarial gains and losses		133		(27)		106
Amortization of prior service cost and net actuarial loss included in net periodic benefit cost		(31)		5		(26)
Other comprehensive income on unfunded retirement obligations		102		(22)		80
Total other comprehensive loss	$	(77,842)	$	16,347	$	(61,495)

(In Thousands)	Before-Tax		Income Tax		Net-of-Tax
	Amount		Effect		Amount
Nine Months Ended September 30, 2021
Available-for-sale debt securities:
Unrealized holding losses on available-for-sale debt securities	$	(6,781)	$	1,425	$	(5,356)
Reclassification adjustment for (gains) realized in income		(25)		5		(20)
Other comprehensive loss from available-for-sale debt securities		(6,806)		1,430		(5,376)
Unfunded pension and postretirement obligations:
Changes from plan amendments and actuarial gains and losses		(5)		1		(4)
Amortization of prior service cost and net actuarial loss included in net periodic benefit cost		(13)		3		(10)
Other comprehensive loss on unfunded retirement obligations		(18)		4		(14)
Total other comprehensive loss	$	(6,824)	$	1,434	$	(5,390)

The amounts shown in the table immediately above are included in the following line items in the consolidated statements of income:

	Affected Line Item in the
Description	Consolidated Statements of Income
Reclassification adjustment for (gains) realized in income (before-tax)	Realized gains on available-for-sale debt securities, net
Amortization of prior service cost and net actuarial loss included in net periodic benefit cost (before-tax)	Other noninterest expense
Income tax effect	Income tax provision

Changes in the components of accumulated other comprehensive (loss) income are as follows and are presented net of tax:

(In Thousands)	Unrealized				Accumulated
	(Losses)		Unfunded		Other
	Gains		Retirement		Comprehensive
	on Securities		Obligations		(Loss) Income
Three Months Ended September 30, 2022
Balance, beginning of period	$	(36,307)	$	305	$	(36,002)
Other comprehensive loss during three months ended September 30, 2022		(20,459)		(8)		(20,467)
Balance, end of period	$	(56,766)	$	297	$	(56,469)
Three Months Ended September 30, 2021
Balance, beginning of period	$	9,167	$	109	$	9,276
Other comprehensive loss during three months ended September 30, 2021		(2,867)		(4)		(2,871)
Balance, end of period	$	6,300	$	105	$	6,405

(In Thousands)	Unrealized				Accumulated
	(Losses)		Unfunded		Other
	Gains		Retirement		Comprehensive
	on Securities		Obligations		(Loss) Income
Nine Months Ended September 30, 2022
Balance, beginning of period	$	4,809	$	217	$	5,026
Other comprehensive loss during nine months ended September 30, 2022		(61,575)		80		(61,495)
Balance, end of period	$	(56,766)	$	297	$	(56,469)
Nine Months Ended September 30, 2021
Balance, beginning of period	$	11,676	$	119	$	11,795
Other comprehensive loss during nine months ended September 30, 2021		(5,376)		(14)		(5,390)
Balance, end of period	$	6,300	$	105	$	6,405