Other Comprehensive Income/Loss

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

Other Comprehensive Income/Loss

Other Comprehensive Loss

The gross amounts of each component of other comprehensive loss and the related tax effects are as follows:

	Pre-tax				Tax Expense (Benefit)				Net of Tax
Three Months Ended September 30,	2022		2021		2022		2021		2022		2021
Investment securities available-for sale:
Change in net unrealized loss during period	$	(236.4)	$	(13.4)	$	(53.4)	$	(3.3)	$	(183.0)	$	(10.1)
Reclassification adjustment for net loss (gain) included in net income	24.2		(0.3)		5.5		(0.1)		18.7		(0.2)
Net change in unamortized (gains) losses on available-for-sale securities transferred into held-to-maturity	(1.7)		(2.5)		(0.4)		(0.6)		(1.3)		(1.9)
Change in net unrealized gain (loss) on derivatives	(15.9)		3.2		(3.6)		0.8		(12.3)		2.4
Total other comprehensive loss	$	(229.8)	$	(13.0)	$	(51.9)	$	(3.2)	$	(177.9)	$	(9.8)

	Pre-tax				Tax Expense (Benefit)				Net of Tax
Nine Months Ended September 30,	2022		2021		2022		2021		2022		2021
Investment securities available-for sale:
Change in net unrealized loss during period	$	(650.6)	$	(81.0)	$	(161.3)	$	(20.5)	$	(489.3)	$	(60.5)
Reclassification adjustment for net loss (gain) included in net income	24.4		(0.2)		5.5		(0.1)		18.9		(0.1)
Reclassification adjustment for securities transferred from held-to-maturity to available-for-sale	0.2		—		0.1		—		0.1		—
Net change in unamortized (gains) losses on available-for-sale securities transferred into held-to-maturity	(25.6)		22.3		(6.3)		5.7		(19.3)		16.6
Change in net unrealized gain (loss) on derivatives	(9.6)		2.3		(2.5)		0.6		(7.1)		1.7
Total other comprehensive loss	$	(661.2)	$	(56.6)	$	(164.5)	$	(14.3)	$	(496.7)	$	(42.3)

The components of accumulated other comprehensive loss, net of related tax effects, are as follows:

	September 30, 2022		December 31, 2021
Net unrealized loss on investment securities available-for-sale	$	(499.1)	$	(29.0)
Net unrealized (loss) gain on investment securities transferred to held-to-maturity	(4.4)		15.0
Net unrealized gain on derivatives	(4.2)		3.0
Net accumulated other comprehensive loss	$	(507.7)	$	(11.0)