Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2021

Changes in other comprehensive income (loss)

The following table presents other comprehensive income(loss):


	Before-Tax Amount		Tax Effect		Net of Tax Amount
Three months ended June 30, 2021	(in thousands)
Unrealized gain on securities	$	24,968	$	(5,670)	$	19,298

Reclassification adjustment for securities gains included in net income (1)	(36)		8		(28)

Amortization of net unrealized gains on AFS securities transferred to HTM (2)	(349)		79		(270)
Net unrealized gain on interest rate swaps used in cash flow hedges (3)	2,683		(609)		2,074



Amortization of net unrecognized pension and postretirement items (4)	370		(81)		289
Total OCI	$	27,636	$	(6,273)	$	21,363
Three months ended June 30, 2020
Unrealized gain on securities	$	44,199	$	(9,775)	$	34,424

Reclassification adjustment for securities gains included in net income (1)	(3,005)		664		(2,341)
Amortization of net unrealized losses on AFS securities transferred to HTM (2)	1,019		(226)		793



Amortization of net unrecognized pension and postretirement items (4)	328		(73)		255
Total OCI	$	42,541	$	(9,410)	$	33,131

Six months ended June 30, 2021
Unrealized loss on securities	$	(26,783)	$	6,082	$	(20,701)

Reclassification adjustment for securities losses included in net income (1)	451		(102)		349

Amortization of net unrealized losses on AFS securities transferred to HTM (2)	1,963		(446)		1,517


Net unrealized gain on interest rate swaps used in cash flow hedges (3)	474		(107)		367
Amortization of net unrecognized pension and postretirement items (3)	740		(162)		578
Total OCI	$	(23,155)	$	5,265	$	(17,890)

Six months ended June 30, 2020
Unrealized gain on securities (4)	$	66,581	$	(14,728)	$	51,853
Reclassification adjustment for securities gains included in net income (1)	(3,051)		675		(2,376)


Amortization of net unrealized losses on AFS securities transferred to HTM (2)	2,040		(451)		1,589



Amortization of net unrecognized pension and postretirement items (3)	656		(146)		510
Total OCI	$	66,226	$	(14,650)	$	51,576

(1) Amounts reclassified out of AOCI. Before-tax amounts included in "Investment securities gains, net" on the Consolidated Statements of Income. See Note 3, "Investment Securities," for additional details.

(2) Amounts reclassified out of AOCI. Before-tax amounts included as a reduction to "Interest Income" on the Consolidated Statements of Income.

(3) Amounts reclassified out of AOCI. Before-tax amounts included in "Interest Income" on the Consolidated Statements of Income.

(4) Amounts reclassified out of AOCI. Before-tax amounts included in "Salaries and employee benefits" on the Consolidated Statements of Income. See Note 12, "Employee Benefit Plans," for additional details.

Changes in each component of accumulated other comprehensive income (loss)

The following table presents changes in each component of accumulated other comprehensive income (loss), net of tax:


	Unrealized Gains (Losses) on Investment Securities		Net Unrealized (Loss) Gain on Interest Rate Swaps used in Cash Flow Hedges		Unrecognized Pension and Postretirement Plan Income (Costs)		Total
	(in thousands)
Three months ended June 30, 2021
Balance at March 31, 2021	$	43,769	$	(1,707)	$	(16,224)	$	25,838
OCI before reclassifications	19,298		—		—		19,298
Amounts reclassified from AOCI	(28)		2,074		289		2,335
Amortization of net unrealized gains on AFS securities transferred to HTM	(270)		—		—		(270)

Balance at June 30, 2021	$	62,769	$	367	$	(15,935)	$	47,201
Three months ended June 30, 2020
Balance at March 31, 2020	$	33,054	$	—	$	(14,746)	$	18,308
OCI before reclassifications	34,424		—		—		34,424
Amounts reclassified from AOCI	(2,341)		—		255		(2,086)
Amortization of net unrealized losses on AFS securities transferred to HTM	793		—		—		793

Balance at June 30, 2020	$	65,930	$	—	$	(14,491)	$	51,439

Six months ended June 30, 2021
Balance at December 31, 2020	$	81,604	$	—	$	(16,513)	$	65,091
OCI before reclassifications	(20,701)		—		—		(20,701)
Amounts reclassified from AOCI	349		367		578		1,294
Amortization of net unrealized losses on AFS securities transferred to HTM	1,517		—		—		1,517

Balance at June 30, 2021	$	62,769	$	367	$	(15,935)	$	47,201
Six months ended June 30, 2020
Balance at December 31, 2019	$	14,864	$	—	$	(15,001)	$	(137)
OCI before reclassifications	51,853		—		—		51,853
Amounts reclassified from AOCI	(2,376)		—		510		(1,866)
Amortization of net unrealized losses on AFS securities transferred to HTM	1,589		—		—		1,589

Balance at June 30, 2020	$	65,930	$	—	$	(14,491)	$	51,439