Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2023

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

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

($ in thousands)	September 30, 2023		December 31, 2022
Unrealized loss on securities available for sale	$	(521,660)	(444,063)
Deferred tax asset	120,765		102,046
Net unrealized loss on securities available for sale	(400,895)		(342,017)
Postretirement plans liability	187		54
Deferred tax asset	(44)		(12)
Net postretirement plans liability	143		42
Total accumulated other comprehensive loss	$	(400,752)	(341,975)

The following tables disclose the changes in AOCI for the three and nine months ended September 30, 2023 and 2022 (all amounts are net of tax):

	For the Three Months Ended September 30, 2023
($ in thousands)	Unrealized Loss on Securities Available for Sale		Postretirement Plans Asset (Liability)	Total
Beginning balance	$	(338,251)	109	(338,142)
Other comprehensive loss before reclassifications	(62,644)		—	(62,644)
Amounts reclassified from accumulated other comprehensive income	—		34	34
Net current period other comprehensive (loss) income	(62,644)		34	(62,610)
Ending balance	$	(400,895)	143	(400,752)
	For the Three Months Ended September 30, 2022
($ in thousands)	Unrealized Loss on Securities Available for Sale		Postretirement Plans Asset (Liability)	Total
Beginning balance	$	(249,148)	(204)	(249,352)
Other comprehensive loss before reclassifications	(108,718)		—	(108,718)
Amounts reclassified from accumulated other comprehensive income	—		34	34
Net current period other comprehensive (loss) income	(108,718)		34	(108,684)
Ending balance	$	(357,866)	(170)	(358,036)

	For the Nine Months Ended September 30, 2023
($ in thousands)	Unrealized Loss on Securities Available for Sale		Postretirement Plans Asset (Liability)	Total
Beginning balance	$	(342,017)	42	(341,975)
Other comprehensive loss before reclassifications	(58,878)		—	(58,878)
Amounts reclassified from accumulated other comprehensive income	—		101	101
Net current-period other comprehensive (loss) income	(58,878)		101	(58,777)
Ending balance	$	(400,895)	143	(400,752)
	For the Nine Months Ended September 30, 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	(333,168)		—	(333,168)
Amounts reclassified from accumulated other comprehensive income	—		102	102
Net current-period other comprehensive (loss) income	(333,168)		102	(333,066)
Ending balance	$	(357,866)	(170)	(358,036)

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