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Accumulated Other Comprehensive Income (Loss) (Tables)
 6 Months Ended
Jun. 30, 2020
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Summary of Components of Other Comprehensive Income (Loss), Reclassifications from Accumulated Other Comprehensive Income (Loss) to Various Financial Statement Line Items and the Related Tax Effects
The components of other comprehensive income (loss), reclassifications from accumulated other comprehensive income (loss) to various financial statement line items and the related tax effects were as follows:
 
Three Months Ended June 30,
 
2020
 
2019
(In thousands)
Before Tax
 
Tax Effect
 
Net of Tax
 
Before Tax
 
Tax Effect
 
Net of Tax
Net unrealized gains (losses) on available-for-sale investment securities and interest-only strips:
 

 
 

 
 

 
 

 
 

 
 

Net unrealized gains (losses) arising during the period
$
38,136

 
$
(8,947
)
 
$
29,189

 
$
41,399

 
$
(10,077
)
 
$
31,322

Reclassification of net (gains) losses from accumulated other comprehensive income (loss) to:
 
 
 
 
 
 
 
 
 
 
 
Total interest income
1,625

 
(381
)
 
1,244

 
281

 
(69
)
 
212

Net gains (losses) on investment securities
—

 
—

 
—

 
(1,066
)
 
259

 
(807
)
Other noninterest expense
(46
)
 
10

 
(36
)
 
(135
)
 
33

 
(102
)
Amounts reclassified from accumulated other comprehensive income (loss)
1,579

 
(371
)
 
1,208

 
(920
)
 
223

 
(697
)
Net unrealized gains (losses) on available-for-sale investment securities and interest-only strips
39,715

 
(9,318
)
 
30,397

 
40,479

 
(9,854
)
 
30,625

Recognized postretirement prior service cost:
 

 
 

 
 

 
 

 
 

 
 

Reclassification of amortization of prior service cost to other noninterest expense
(11
)
 
2

 
(9
)
 
(11
)
 
3

 
(8
)
Foreign currency translation adjustment(1)
6,407

 
—

 
6,407

 
3,415

 
—

 
3,415

Net unrealized gains (losses) on net investment hedges
(5,954
)
 
1,397

 
$
(4,557
)
 
(2,881
)
 
702

 
(2,179
)
Total other comprehensive income (loss)
$
40,157

 
$
(7,919
)
 
$
32,238

 
$
41,002

 
$
(9,149
)
 
$
31,853

 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30,
 
2020
 
2019
(In thousands)
Before Tax
 
Tax Effect
 
Net of Tax
 
Before Tax
 
Tax Effect
 
Net of Tax
Net unrealized gains (losses) on available-for-sale investment securities and interest-only strips:
 

 
 

 
 

 
 

 
 

 
 

Net unrealized gains (losses) arising during the period
$
188,880

 
$
(44,554
)
 
$
144,326

 
$
90,027

 
$
(21,913
)
 
$
68,114

Reclassification of net (gains) losses from accumulated other comprehensive income (loss) to:
 
 
 
 
 
 
 
 
 
 
 
Total interest income
2,379

 
(558
)
 
1,821

 
1,651

 
(402
)
 
1,249

Net gains (losses) on investment securities
—

 
—

 
—

 
(1,513
)
 
368

 
(1,145
)
Other noninterest expense
127

 
(30
)
 
97

 
(297
)
 
72

 
(225
)
Amounts reclassified from accumulated other comprehensive income (loss)
2,506

 
(588
)
 
1,918

 
(159
)
 
38

 
(121
)
Net unrealized gains (losses) on available-for-sale investment securities and interest-only strips
191,386

 
(45,142
)
 
146,244

 
89,868

 
(21,875
)
 
67,993

Recognized postretirement prior service cost:
 

 
 

 
 

 
 

 
 

 
 

Reclassification of amortization of prior service cost to other noninterest expense
(23
)
 
5

 
(18
)
 
(23
)
 
7

 
(16
)
Foreign currency translation adjustment(1)
(8,019
)
 
—

 
(8,019
)
 
6,982

 
—

 
6,982

Net unrealized gains (losses) on net investment hedges
7,741

 
(1,817
)
 
5,924

 
(5,931
)
 
1,444

 
(4,487
)
Total other comprehensive income (loss)
$
191,085

 
$
(46,954
)
 
$
144,131

 
$
90,896

 
$
(20,424
)
 
$
70,472

(1)
Foreign investments are deemed to be permanent in nature and, therefore, TCF does not provide for taxes on foreign currency translation adjustments.
Schedule of Components of Accumulated Other Comprehensive Income (Loss)
The components of accumulated other comprehensive income (loss) were as follows:
(In thousands)
Net Unrealized Gains (Losses) on Available-for-Sale Investment Securities and Interest-only Strips
 
Net Unrealized Gains (Losses) on Net
Investment
Hedges
 
Foreign
Currency
Translation
Adjustment
 
Recognized
Postretirement Prior
Service Cost
 
Total
At or For the Three Months Ended June 30, 2020
 

 
 

 
 

 
 

 
 

Balance, beginning of period
$
171,945

 
$
20,281

 
$
(26,123
)
 
$
67

 
$
166,170

Other comprehensive income (loss)
29,189

 
(4,557
)
 
6,407

 
—

 
31,039

Amounts reclassified from accumulated other comprehensive income (loss)
1,208

 
—

 
—

 
(9
)
 
1,199

Net other comprehensive income (loss)
30,397

 
(4,557
)
 
6,407

 
(9
)
 
32,238

Balance, end of period
$
202,342

 
$
15,724

 
$
(19,716
)
 
$
58

 
$
198,408

At or For the Three Months Ended June 30, 2019
 

 
 

 
 

 
 

 
 

Balance, beginning of period
$
9,346

 
$
12,678

 
$
(16,644
)
 
$
101

 
$
5,481

Other comprehensive income (loss)
31,322

 
(2,179
)
 
3,415

 
—

 
32,558

Amounts reclassified from accumulated other comprehensive income (loss)
(697
)
 
—

 
—

 
(8
)
 
(705
)
Net other comprehensive income (loss)
30,625

 
(2,179
)
 
3,415

 
(8
)
 
31,853

Balance, end of period
$
39,971

 
$
10,499

 
$
(13,229
)
 
$
93

 
$
37,334

At or For the Six Months Ended June 30, 2020
 

 
 

 
 

 
 

 
 

Balance, beginning of period
$
56,098

 
$
9,800

 
$
(11,697
)
 
$
76

 
$
54,277

Other comprehensive income (loss)
144,326

 
5,924

 
(8,019
)
 
—

 
142,231

Amounts reclassified from accumulated other comprehensive income (loss)
1,918

 
—

 
—

 
(18
)
 
1,900

Net other comprehensive income (loss)
146,244

 
5,924

 
(8,019
)
 
(18
)
 
144,131

Balance, end of period
$
202,342

 
$
15,724

 
$
(19,716
)
 
$
58

 
$
198,408

At or For the Six Months Ended June 30, 2019
 

 
 

 
 

 
 

 
 

Balance, beginning of period
$
(28,022
)
 
$
14,986

 
$
(20,211
)
 
$
109

 
$
(33,138
)
Other comprehensive income (loss)
68,114

 
(4,487
)
 
6,982

 
—

 
70,609

Amounts reclassified from accumulated other comprehensive income (loss)
(121
)
 
—

 
—

 
(16
)
 
(137
)
Net other comprehensive income (loss)
67,993

 
(4,487
)
 
6,982

 
(16
)
 
70,472

Balance, end of period
$
39,971

 
$
10,499

 
$
(13,229
)
 
$
93

 
$
37,334