Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2022

Stockholders' Equity Note [Abstract]

Schedule of the Change in the Components of the Accumulated Other Comprehensive Loss

The following table summarizes the change in the components of the Company’s accumulated other comprehensive income (loss) for the nine months ended September 30, 2022 and 2021:

	Nine Months Ended September 30, 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	(54,985)		—		(54,985)
Amounts reclassified from accumulated other comprehensive income (loss)	—		—		—
Current period other comprehensive loss, before tax	(54,985)		—		(54,985)
Income tax benefit	11,547		—		11,547
Current period other comprehensive loss, net of tax	(43,438)		—		(43,438)
Balance at end of period	$	(43,076)	$	2,931	$	(40,145)

	Nine Months Ended September 30, 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	(4,105)		275		(3,830)
Amounts reclassified from accumulated other comprehensive (loss) income	(95)		—		(95)
Current period other comprehensive (loss) income, before tax	(4,200)		275		(3,925)
Income tax benefit (expense)	883		(58)		825
Current period other comprehensive (loss) income, net of tax	(3,317)		217		(3,100)
Balance at end of period	$	36	$	(1,608)	$	(1,572)

(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.