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Accumulated Other Comprehensive Income (Loss)
 9 Months Ended
Sep. 30, 2020
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss)
 
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 September 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
$
(8,489
)
 
$
1,992

 
$
(6,497
)
 
$
24,236

 
$
(5,606
)
 
$
18,630

Reclassification of net (gains) losses from accumulated other comprehensive income (loss) to:
 
 
 
 
 
 
 
 
 
 
 
Total interest income
777

 
(183
)
 
594

 
844

 
(205
)
 
639

Net gains (losses) on investment securities
(2,309
)
 
542

 
(1,767
)
 
—

 
—

 
—

Other noninterest expense
(32
)
 
8

 
(24
)
 
(53
)
 
14

 
(39
)
Amounts reclassified from accumulated other comprehensive income (loss)
(1,564
)
 
367

 
(1,197
)
 
791

 
(191
)
 
600

Net unrealized gains (losses) on available-for-sale investment securities and interest-only strips
(10,053
)
 
2,359

 
(7,694
)
 
25,027

 
(5,797
)
 
19,230

Recognized postretirement prior service cost:
 

 
 

 
 

 
 

 
 

 
 

Reclassification of amortization of prior service cost to other noninterest expense
(12
)
 
3

 
(9
)
 
(12
)
 
3

 
(9
)
Foreign currency translation adjustment(1)
3,721

 
—

 
3,721

 
(1,968
)
 
—

 
(1,968
)
Net unrealized gains (losses) on net investment hedges
(3,469
)
 
814

 
$
(2,655
)
 
2,170

 
(529
)
 
1,641

Total other comprehensive income (loss)
$
(9,813
)
 
$
3,176

 
$
(6,637
)
 
$
25,217

 
$
(6,323
)
 
$
18,894

 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 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
$
180,391

 
$
(42,562
)
 
$
137,829

 
$
114,263

 
$
(27,519
)
 
$
86,744

Reclassification of net (gains) losses from accumulated other comprehensive income (loss) to:
 
 
 
 
 
 
 
 
 
 
 
Total interest income
3,156

 
(741
)
 
2,415

 
2,495

 
(607
)
 
1,888

Net gains (losses) on investment securities
(2,309
)
 
542

 
(1,767
)
 
(1,513
)
 
368

 
(1,145
)
Other noninterest expense
95

 
(22
)
 
73

 
(350
)
 
86

 
(264
)
Amounts reclassified from accumulated other comprehensive income (loss)
942

 
(221
)
 
721

 
632

 
(153
)
 
479

Net unrealized gains (losses) on available-for-sale investment securities and interest-only strips
181,333

 
(42,783
)
 
138,550

 
114,895

 
(27,672
)
 
87,223

Recognized postretirement prior service cost:
 

 
 

 
 

 
 

 
 

 
 

Reclassification of amortization of prior service cost to other noninterest expense
(35
)
 
8

 
(27
)
 
(35
)
 
10

 
(25
)
Foreign currency translation adjustment(1)
(4,298
)
 
—

 
(4,298
)
 
5,014

 
—

 
5,014

Net unrealized gains (losses) on net investment hedges
4,272

 
(1,003
)
 
3,269

 
(3,761
)
 
915

 
(2,846
)
Total other comprehensive income (loss)
$
181,272

 
$
(43,778
)
 
$
137,494

 
$
116,113

 
$
(26,747
)
 
$
89,366

(1)
Foreign investments are deemed to be permanent in nature and, therefore, TCF does not provide for taxes on foreign currency translation adjustments.

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 September 30, 2020
 

 
 

 
 

 
 

 
 

Balance, beginning of period
$
202,342

 
$
15,724

 
$
(19,716
)
 
$
58

 
$
198,408

Other comprehensive income (loss)
(6,497
)
 
(2,655
)
 
3,721

 
—

 
(5,431
)
Amounts reclassified from accumulated other comprehensive income (loss)
(1,197
)
 
—

 
—

 
(9
)
 
(1,206
)
Net other comprehensive income (loss)
(7,694
)
 
(2,655
)
 
3,721

 
(9
)
 
(6,637
)
Balance, end of period
$
194,648

 
$
13,069

 
$
(15,995
)
 
$
49

 
$
191,771

At or For the Three Months Ended September 30, 2019
 

 
 

 
 

 
 

 
 

Balance, beginning of period
$
39,971

 
$
10,499

 
$
(13,229
)
 
$
93

 
$
37,334

Other comprehensive income (loss)
18,630

 
1,641

 
(1,968
)
 
—

 
18,303

Amounts reclassified from accumulated other comprehensive income (loss)
600

 
—

 
—

 
(9
)
 
591

Net other comprehensive income (loss)
19,230

 
1,641

 
(1,968
)
 
(9
)
 
18,894

Balance, end of period
$
59,201

 
$
12,140

 
$
(15,197
)
 
$
84

 
$
56,228

At or For the Nine Months Ended September 30, 2020
 

 
 

 
 

 
 

 
 

Balance, beginning of period
$
56,098

 
$
9,800

 
$
(11,697
)
 
$
76

 
$
54,277

Other comprehensive income (loss)
137,829

 
3,269

 
(4,298
)
 
—

 
136,800

Amounts reclassified from accumulated other comprehensive income (loss)
721

 
—

 
—

 
(27
)
 
694

Net other comprehensive income (loss)
138,550

 
3,269

 
(4,298
)
 
(27
)
 
137,494

Balance, end of period
$
194,648

 
$
13,069

 
$
(15,995
)
 
$
49

 
$
191,771

At or For the Nine Months Ended September 30, 2019
 

 
 

 
 

 
 

 
 

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

 
$
(20,211
)
 
$
109

 
$
(33,138
)
Other comprehensive income (loss)
86,744

 
(2,846
)
 
5,014

 
—

 
88,912

Amounts reclassified from accumulated other comprehensive income (loss)
479

 
—

 
—

 
(25
)
 
454

Net other comprehensive income (loss)
87,223

 
(2,846
)
 
5,014

 
(25
)
 
89,366

Balance, end of period
$
59,201

 
$
12,140

 
$
(15,197
)
 
$
84

 
$
56,228