Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2023

Accumulated Other Comprehensive Income (Loss)

The components of accumulated other comprehensive income (loss) for the Company are as follows:


($ in thousands)	March 31, 2023		December 31, 2022
Unrealized loss on securities available for sale	$	(408,731)	(444,063)
Deferred tax asset	94,622		102,046
Net unrealized loss on securities available for sale	(314,109)		(342,017)

Postretirement plans liability	98		54
Deferred tax asset	(23)		(12)
Net postretirement plans liability	75		42

Total accumulated other comprehensive loss	$	(314,034)	(341,975)

The following tables disclose the changes in accumulated other comprehensive income (loss) for the three months ended March 31, 2023 and 2022 (all amounts are net of tax):


	For the Three Months Ended March 31, 2023
($ in thousands)	Unrealized (Loss) Gain on Securities Available for Sale		Postretirement Plans Asset (Liability)	Total
Beginning balance	$	(342,017)	42	(341,975)
Other comprehensive gain before reclassifications	27,908		—	27,908
Amounts reclassified from accumulated other comprehensive income	—		33	33
Net current period other comprehensive gain income	27,908		33	27,941

Ending balance	$	(314,109)	75	(314,034)


	For the Three Months Ended March 31, 2022
($ in thousands)	Unrealized (Loss) on Securities Available for Sale		Postretirement Plans Asset (Liability)	Total
Beginning balance	$	(24,698)	(272)	(24,970)
Other comprehensive loss before reclassifications	(140,019)		—	(140,019)
Amounts reclassified from accumulated other comprehensive income	—		34	34
Net current period other comprehensive (loss) income	(140,019)		34	(139,985)

Ending balance	$	(164,717)	(238)	(164,955)

Amounts reclassified from accumulated other comprehensive income for unrealized gain (loss) on securities available for sale represent realized securities gains or losses, net of tax effects. There were no security sales in any period presented. Amounts reclassified from accumulated other comprehensive income for postretirement plans asset (liability) represent amortization of amounts included in accumulated other comprehensive income (loss), net of taxes, and are recorded in the "Other operating expenses" line item of the Consolidated Statements of Income.