Stockholders' Equity

3 Months Ended

Mar. 31, 2022

Stockholders' Equity Note [Abstract]

Stockholders' Equity

Stockholders’ Equity

Accumulated Other Comprehensive Income (Loss)

The following details the change in the components of the Company’s accumulated other comprehensive income (loss) for the three months ended March 31, 2022 and 2021:

	Three Months Ended March 31, 2022
(in thousands)	Unrealized Gains (Losses) on Securities (1)		Unrecognized Net Pension and Postretirement Costs (2)		Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period	$	362	$	2,931	$	3,293
Other comprehensive loss, before reclassifications	(24,787)		—		(24,787)
Amounts reclassified from accumulated other comprehensive income (loss)	—		—		—
Current period other comprehensive loss, before tax	(24,787)		—		(24,787)
Income tax benefit	5,205		—		5,205
Current period other comprehensive loss, net of tax	(19,582)		—		(19,582)
Balance at end of period	$	(19,220)	$	2,931	$	(16,289)

	Three Months Ended March 31, 2021
(in thousands)	Unrealized Gains (Losses) on Securities (1)		Unrecognized Net Pension and Postretirement Costs (2)		Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period	$	3,353	$	(1,825)	$	1,528
Other comprehensive (loss) income, before reclassifications	(3,518)		45		(3,473)
Amounts reclassified from accumulated other comprehensive (loss) income	(2)		—		(2)
Current period other comprehensive (loss) income, before tax	(3,520)		45		(3,475)
Income tax benefit (expense)	740		(10)		730
Current period other comprehensive (loss) income, net of tax	(2,780)		35		(2,745)
Balance at end of period	$	573	$	(1,790)	$	(1,217)

(1)The pre-tax amounts reclassified from accumulated other comprehensive income (loss) are included in investment securities gains (losses), net in the consolidated statements of income.

(2)The pre-tax amounts reclassified from accumulated other comprehensive income (loss) are included in the computation of net periodic pension cost.