Comprehensive income

9 Months Ended

Sep. 30, 2021

Equity [Abstract]

Comprehensive income

10. Comprehensive income

The following tables display the components of other comprehensive income (loss) and amounts reclassified from accumulated other comprehensive income (loss) to net income: 

	Investment			Defined Benefit						Total Amount				Income
	Securities			Plans			Other			Before Tax				Tax			Net
	(In thousands)
Balance — January 1, 2021	$	195,386			(650,087	)		369,558		$	(85,143	)			22,111		$	(63,032	)
Other comprehensive income before reclassifications:
Unrealized holding losses, net		(57,388	)		—			—			(57,388	)			15,124			(42,264	)
Foreign currency translation adjustment		—			—			(1,246	)		(1,246	)			360			(886	)
Unrealized gains on cash flow hedges		—			—			821			821				(214	)		607
Total other comprehensive income (loss) before    reclassifications		(57,388	)		—			(425	)		(57,813	)			15,270			(42,543	)
Amounts reclassified from accumulated other    comprehensive income that (increase) decrease net income:
Amortization of unrealized holding losses on    held-to-maturity (“HTM”) securities		3,333			—			—			3,333		(a)		(871	)		2,462
Gains realized in net income		(8	)		—			—			(8	)	(b)		2			(6	)
Accretion of net gain on terminated cash flow hedges					—			(90	)		(90	)	(c)		24			(66	)
Net yield adjustment from cash flow hedges    currently in effect					—			(206,713	)		(206,713	)	(a)		53,997			(152,716	)
Amortization of prior service credit		—			(3,139	)		—			(3,139	)	(d)		860			(2,279	)
Amortization of actuarial losses		—			65,792			—			65,792		(d)		(18,031	)		47,761
Total other comprehensive income (loss)		(54,063	)		62,653			(207,228	)		(198,638	)			51,251			(147,387	)
Balance — September 30, 2021	$	141,323			(587,434	)		162,330		$	(283,781	)			73,362		$	(210,419	)
Balance — January 1, 2020	$	50,701			(464,548	)		133,888		$	(279,959	)			73,279		$	(206,680	)
Other comprehensive income before reclassifications:
Unrealized holding gains, net		151,777			—			—			151,777				(39,277	)		112,500
Foreign currency translation adjustment		—			—			(222	)		(222	)			(39	)		(261	)
Unrealized gains on cash flow hedges		—			—			508,226			508,226				(131,504	)		376,722
Total other comprehensive income before    reclassifications		151,777			—			508,004			659,781				(170,820	)		488,961
Amounts reclassified from accumulated other    comprehensive income that (increase) decrease net income:
Amortization of unrealized holding losses on    HTM securities		2,678			—			—			2,678		(a)		(725	)		1,953
Gains realized in net income		(3	)		—			—			(3	)	(b)		1			(2	)
Accretion of net gain on terminated cash flow hedges		—			—			(94	)		(94	)	(c)		26			(68	)
Net yield adjustment from cash flow hedges    currently in effect		—			—			(183,598	)		(183,598	)	(a)		47,506			(136,092	)
Amortization of prior service credit		—			(3,140	)		—			(3,140	)	(d)		927			(2,213	)
Amortization of actuarial losses		—			42,080			—			42,080		(d)		(12,436	)		29,644
Total other comprehensive income		154,452			38,940			324,312			517,704				(135,521	)		382,183
Balance — September 30, 2020	$	205,153			(425,608	)		458,200		$	237,745				(62,242	)	$	175,503

(a) Included in interest income.

(b) Included in gain (loss) on bank investment securities.

(c) Included in interest expense.

(d) Included in other costs of operations.

10. Comprehensive income, continued

Accumulated other comprehensive income (loss), net consisted of the following:

				Defined
	Investment			Benefit
	Securities			Plans			Other			Total
	(In thousands)
Balance — December 31, 2020	$	144,602		$	(481,064	)	$	273,430		$	(63,032	)
Net gain (loss) during period		(39,808	)		45,482			(153,061	)		(147,387	)
Balance — September 30, 2021	$	104,794		$	(435,582	)	$	120,369		$	(210,419	)