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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
6 Months Ended
Jun. 30, 2024
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)  
Schedule of activity in accumulated other comprehensive income (loss), net of tax

    

    

    

    

Total

Accumulated

Defined

Other

Benefit

Comprehensive

(In thousands)

    

Securities

    

Plans

    

Derivatives

    

Income (Loss)

Balance as of January 1, 2024

$

(90,242)

$

(6,430)

$

5,093

$

(91,579)

Other comprehensive income (loss) before reclassifications

 

4,761

 

703

 

(659)

 

4,805

Amounts reclassified from accumulated other comprehensive income (loss)

 

1,048

 

(433)

 

3,379

 

3,994

Net other comprehensive income during the period

 

5,809

 

270

 

2,720

 

8,799

Balance as of June 30, 2024

$

(84,433)

$

(6,160)

$

7,813

$

(82,780)

Balance as of January 1, 2023

$

(100,870)

$

(5,266)

$

11,757

$

(94,379)

Other comprehensive (loss) income before reclassifications

 

(12,259)

 

729

 

(56)

 

(11,586)

Amounts reclassified from accumulated other comprehensive income (loss)

 

2,111

 

(521)

 

(10)

 

1,580

Net other comprehensive loss during the period

 

(10,148)

 

208

 

(66)

 

(10,006)

Balance as of June 30, 2023

$

(111,018)

$

(5,058)

$

11,691

$

(104,385)

Schedule of before and after tax amounts allocated to each component of other comprehensive income (loss)

Three Months Ended

Six Months Ended

June 30, 

June 30, 

(In thousands)

    

2024

    

2023

2024

    

2023

Change in unrealized gain (loss) on securities:

 

  

 

  

 

  

 

  

Change in net unrealized gain (loss) during the period

$

3,775

$

(11,291)

$

7,119

$

(13,593)

Reclassification adjustment for net losses included in net loss on sale of securities and other assets

 

 

 

 

1,447

Accretion of net unrealized loss on securities transferred to held-to-maturity

818

 

796

1,536

1,553

Net change

 

4,593

 

(10,495)

 

8,655

 

(10,593)

Tax expense

 

1,634

 

(3,109)

 

2,846

 

(445)

Net change in unrealized gain (loss) on securities, net of reclassification adjustments and tax

 

2,959

 

(7,386)

 

5,809

 

(10,148)

Change in pension and other postretirement obligations:

 

  

 

  

 

  

 

  

Reclassification adjustment for expense included in other expense

 

(318)

 

(370)

 

(635)

 

(740)

Change in the net actuarial gain

 

520

 

814

 

1,040

 

1,035

Net change

 

202

444

 

405

 

295

Tax expense (benefit)

 

77

 

131

 

135

 

87

Net change in pension and other postretirement obligations

 

125

 

313

 

270

 

208

Change in unrealized gain (loss) on derivatives:

 

  

 

  

 

  

 

  

Change in net unrealized (loss) gain during the period

 

(3,128)

 

1,586

 

(983)

 

(525)

Reclassification adjustment for expense included in interest expense

 

2,520

 

299

 

4,955

 

(14)

Net change

 

(608)

 

1,885

 

3,972

 

(539)

Tax (benefit) expense

 

(210)

 

559

 

1,252

 

(473)

Net change in unrealized (loss) gain on derivatives, net of reclassification adjustments and tax

 

(398)

 

1,326

 

2,720

 

(66)

Other comprehensive income (loss), net of tax

$

2,686

$

(5,747)

$

8,799

$

(10,006)