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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
12 Months Ended
Dec. 31, 2024
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)  
Schedule of activity in accumulated other comprehensive income (loss), net of tax

    

    

    

    

Total

Accumulated

Securities

Defined

Other

Available-

Benefit

Comprehensive

(In thousands)

    

for-Sale

    

Plans

    

Derivatives

    

Loss

Balance as of January 1, 2023

$

(100,870)

$

(5,266)

$

11,757

$

(94,379)

Other comprehensive income (loss) before reclassifications

 

7,498

 

(109)

 

(8,091)

 

(702)

Amounts reclassified from accumulated other comprehensive income (loss)

 

3,130

 

(1,055)

 

1,427

 

3,502

Net other comprehensive income (loss) during the period

 

10,628

 

(1,164)

 

(6,664)

 

2,800

Balance as of December 31, 2023

$

(90,242)

$

(6,430)

$

5,093

$

(91,579)

Other comprehensive income (loss) before reclassifications

 

14,703

 

(1,087)

 

(5,782)

 

7,834

Amounts reclassified from accumulated other comprehensive income

 

31,772

 

18

 

6,937

 

38,727

Net other comprehensive income (loss) during the period

 

46,475

 

(1,069)

 

1,155

 

46,561

Balance as of December 31, 2024

$

(43,767)

$

(7,499)

$

6,248

$

(45,018)

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

Year Ended December 31, 

(In thousands)

2024

    

2023

    

2022

Change in unrealized gain (loss) on securities:

 

  

 

  

 

  

Change in net unrealized gain (loss) during the period

$

23,218

$

10,355

$

(138,630)

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

 

42,810

 

1,447

 

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

3,028

3,142

2,953

Net change

 

69,056

 

14,944

 

(135,677)

Tax expense (benefit)

 

22,581

 

4,316

 

(42,671)

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

 

46,475

 

10,628

 

(93,006)

Change in pension and other postretirement obligations:

 

  

 

  

 

  

Reclassification adjustment for expense included in other expense

 

26

 

(1,547)

 

(3,715)

Change in the net actuarial gain

 

(1,426)

 

(190)

 

(2,062)

Net change

 

(1,400)

 

(1,737)

 

(5,777)

Tax benefit

 

(331)

 

(573)

 

(1,817)

Net change in pension and other postretirement obligations

 

(1,069)

 

(1,164)

 

(3,960)

Change in unrealized gain (loss) on derivatives:

 

  

 

  

 

  

Change in net unrealized (loss) gain during the period

 

(8,453)

 

(11,782)

 

14,412

Reclassification adjustment for expense included in interest expense

 

10,008

 

2,092

 

(1,621)

Net change

 

1,555

 

(9,690)

 

12,791

Tax expense (benefit)

 

400

 

(3,026)

 

4,023

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

 

1,155

 

(6,664)

 

8,768

Other comprehensive income (loss), net of tax

$

46,561

$

2,800

$

(88,198)