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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Pension and other post-retirement obligations:      
Amortization of actuarial losses (gains) included in net periodic pension cost, gross $ 290 $ (549)  
Tax effect (71) 134  
Amortization of actuarial losses (gains) included in net periodic pension cost, net 219 (415)  
Amortization of prior service cost included in net periodic pension cost, gross 160 160  
Tax effect (39) (39)  
Amortization of prior service cost included in net periodic pension cost, net 121 121  
Other comprehensive income (loss) related to pension and other post-retirement obligations, net of taxes 340 (294)  
Net unrealized (losses) gains on investment securities:      
Net unrealized holding (losses) gains on investment securities, gross (36,066) 91,260  
Tax effect 8,802 (22,227)  
Net unrealized holding (losses) gains on investment securities, net (27,264) 69,033  
Reclassification adjustment for net losses included in net income, gross 0 52,329  
Tax effect 0 (12,714)  
Reclassification adjustment for net losses included in net income, net 0 39,615  
Other comprehensive (loss) gain related to unrealized (losses) gains on investment securities, net of taxes (27,264) 108,648  
Other comprehensive (loss) income, net of tax (26,924) 108,354  
Net income 40,872 5,798  
Comprehensive income 13,948 $ 114,152  
Accumulated Other Comprehensive Loss by Component:      
Unrecognized prior service cost and net actuarial losses on pension and other post-retirement obligations (35,668)   $ (36,118)
Tax effect 8,804   8,914
Net unrecognized prior service cost and net actuarial losses on pension and other post-retirement obligations (26,864)   (27,204)
Unrealized loss on investment securities (735,056)   (698,990)
Tax effect 178,104   169,302
Net unrealized loss on investment securities (556,952)   (529,688)
Accumulated other comprehensive loss $ (583,816)   $ (556,892)