XML 50 R36.htm IDEA: XBRL DOCUMENT v3.23.2
Accumulated Other Comprehensive Loss (Tables)
6 Months Ended
Jun. 30, 2023
AOCI Attributable to Parent [Abstract]  
Schedule of changes in accumulated other comprehensive income (loss)

Income

 Tax

Pre-tax

Benefit

Net of

(dollars in thousands)

  

Amount

  

(Expense)

  

Tax

Accumulated other comprehensive loss at March 31, 2023

$

(834,206)

$

222,527

$

(611,679)

Three months ended June 30, 2023

Investment securities:

Unrealized net losses arising during the period

(14,025)

3,741

(10,284)

Reclassification of net losses to net income:

Amortization of unrealized holding losses on held-to-maturity securities

13,064

(3,485)

9,579

Net change in investment securities

(961)

256

(705)

Cash flow derivative hedges:

Unrealized net losses arising during the period

(2,053)

548

(1,505)

Reclassification of net losses included in net income

1,573

(420)

1,153

Net change in cash flow derivative hedges

(480)

128

(352)

Other comprehensive loss

(1,441)

384

(1,057)

Accumulated other comprehensive loss at June 30, 2023

$

(835,647)

$

222,911

$

(612,736)

Income

 Tax

Pre-tax

Benefit

Net of

(dollars in thousands)

  

Amount

  

(Expense)

  

Tax

Accumulated other comprehensive loss at December 31, 2022

$

(871,813)

$

232,559

$

(639,254)

Six months ended June 30, 2023

Investment securities:

Unrealized net gains arising during the period

11,013

(2,938)

8,075

Reclassification of net losses to net income:

Amortization of unrealized holding losses on held-to-maturity securities

24,772

(6,608)

18,164

Net change in investment securities

35,785

(9,546)

26,239

Cash flow derivative hedges:

Unrealized net losses arising during the period

(2,495)

665

(1,830)

Reclassification of net losses included in net income

2,876

(767)

2,109

Net change in cash flow derivative hedges

381

(102)

279

Other comprehensive income

36,166

(9,648)

26,518

Accumulated other comprehensive loss at June 30, 2023

$

(835,647)

$

222,911

$

(612,736)

Income

 Tax

Pre-tax

Benefit

Net of

(dollars in thousands)

  

Amount

  

(Expense)

  

Tax

Accumulated other comprehensive loss at March 31, 2022

$

(705,768)

$

188,266

$

(517,502)

Three months ended June 30, 2022

Investment securities:

Unrealized net losses arising during the period

(91,352)

24,369

(66,983)

Reclassification of net losses to net income:

Amortization of unrealized holding losses on held-to-maturity securities

19,929

(5,317)

14,612

Net change in investment securities

(71,423)

19,052

(52,371)

Cash flow derivative hedges:

Unrealized net losses arising during the period

(1,523)

407

(1,116)

Reclassification of net gains included in net income

(638)

170

(468)

Net change in cash flow derivative hedges

(2,161)

577

(1,584)

Other comprehensive loss

(73,584)

19,629

(53,955)

Accumulated other comprehensive loss at June 30, 2022

$

(779,352)

$

207,895

$

(571,457)

Income

Tax

Pre-tax

Benefit

Net of

(dollars in thousands)

  

Amount

  

(Expense)

  

Tax

Accumulated other comprehensive loss at December 31, 2021

$

(165,967)

$

44,274

$

(121,693)

Six months ended June 30, 2022

Investment securities:

Unrealized net losses arising during the period

(629,437)

167,903

(461,534)

Reclassification of net losses to net income:

Amortization of unrealized holding losses on held-to-maturity securities

19,929

(5,317)

14,612

Net change in investment securities

(609,508)

162,586

(446,922)

Cash flow derivative hedges:

Unrealized net losses arising during the period

(3,239)

865

(2,374)

Reclassification of net gains included in net income

(638)

170

(468)

Net change in cash flow derivative hedges

(3,877)

1,035

(2,842)

Other comprehensive loss

(613,385)

163,621

(449,764)

Accumulated other comprehensive loss at June 30, 2022

$

(779,352)

$

207,895

$

(571,457)

Summary of changes in accumulated other comprehensive income (loss), net of tax

Pensions

Accumulated

and

Available-for-Sale

Held-to-Maturity

Cash Flow

Other

Other

Investment

Investment

Derivative

Comprehensive

(dollars in thousands)

  

Benefits

  

Securities

  

Securities

  

Hedges

  

Income (Loss)

Three Months Ended June 30, 2023

Balance at beginning of period

$

(5,431)

$

(273,816)

$

(328,361)

$

(4,071)

$

(611,679)

Other comprehensive (loss) income

(10,284)

9,579

(352)

(1,057)

Balance at end of period

$

(5,431)

$

(284,100)

$

(318,782)

$

(4,423)

$

(612,736)

Six Months Ended June 30, 2023

Balance at beginning of period

$

(5,431)

$

(292,175)

$

(336,946)

$

(4,702)

$

(639,254)

Other comprehensive income

8,075

18,164

279

26,518

Balance at end of period

$

(5,431)

$

(284,100)

$

(318,782)

$

(4,423)

$

(612,736)

Three Months Ended June 30, 2022

Balance at beginning of period

$

(24,390)

$

(491,854)

$

$

(1,258)

$

(517,502)

Unrealized net losses related to the transfer of securities from available-for-sale to held-to-maturity

338,816

(338,816)

Other comprehensive (loss) income

(66,983)

14,612

(1,584)

(53,955)

Balance at end of period

$

(24,390)

$

(220,021)

$

(324,204)

$

(2,842)

$

(571,457)

Six Months Ended June 30, 2022

Balance at beginning of period

$

(24,390)

$

(97,303)

$

$

$

(121,693)

Unrealized net losses related to the transfer of securities from available-for-sale to held-to-maturity

338,816

(338,816)

Other comprehensive (loss) income

(461,534)

14,612

(2,842)

(449,764)

Balance at end of period

$

(24,390)

$

(220,021)

$

(324,204)

$

(2,842)

$

(571,457)