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Other Comprehensive Income (Loss)
 12 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Other Comprehensive Income (Loss)
OTHER COMPREHENSIVE INCOME (LOSS)

The following tables present a reconciliation of the changes in the components of other comprehensive income and loss for the periods indicated, including the amount of tax (expense) benefit allocated to each component:
 
 
For The Year Ended
December 31, 2019
(In thousands)
 
Pre-Tax
Amount
 
Tax (Expense)
Benefit
 
After-Tax
Amount
AFS Securities:
 
 
 
 
 
 
Unrealized holdings gains
 
$
26,743

 
$
(5,750
)
 
$
20,993

Less: reclassification adjustment for realized losses(1)
 
(105
)
 
22

 
(83
)
Net unrealized gains
 
26,848

 
(5,772
)
 
21,076

Cash Flow Hedges:
 
 
 
 
 
 
Net decrease in fair value
 
(2,973
)
 
639

 
(2,334
)
Less: effective portion reclassified into interest expense(2)
 
(921
)
 
198

 
(723
)
Net decrease in fair value
 
(2,052
)
 
441

 
(1,611
)
Postretirement Plans:
 
 
 
 
 
 
Net actuarial loss
 
(1,918
)
 
412

 
(1,506
)
Less: Amortization of net actuarial losses(3)
 
(271
)
 
59

 
(212
)
Less: Amortization of net prior service credits(3)
 
24

 
(5
)
 
19

Net loss on postretirement plans
 
(1,671
)
 
358

 
(1,313
)
Other comprehensive income
 
$
23,125

 
$
(4,973
)
 
$
18,152


 
 
For The Year Ended
December 31, 2018
(In thousands)
 
Pre-Tax
Amount
 
Tax (Expense)
Benefit
 
After-Tax
Amount
AFS Securities:
 
 
 
 
 
 
Unrealized holdings losses
 
$
(10,846
)
 
$
2,332

 
$
(8,514
)
Less: reclassification adjustment for realized losses(1)
 
(663
)
 
142

 
(521
)
Net unrealized losses
 
(10,183
)
 
2,190

 
(7,993
)
Cash Flow Hedges:
 
 
 
 
 
 
Net increase in fair value
 
1,066

 
(229
)
 
837

Less: effective portion reclassified into interest expense(2)
 
(831
)
 
179

 
(652
)
Net increase in fair value
 
1,897

 
(408
)
 
1,489

Postretirement Plans:
 
 
 
 
 
 
Net actuarial gain
 
1,743

 
(375
)
 
1,368

Less: Amortization of net actuarial losses(3)
 
(613
)
 
131

 
(482
)
Less: Amortization of net prior service credits(3)
 
24

 
(5
)
 
19

Net loss on postretirement plans
 
2,332

 
(501
)
 
1,831

Other comprehensive loss
 
$
(5,954
)
 
$
1,281

 
$
(4,673
)

 
 
For The Year Ended
December 31, 2017
(In thousands)
 
Pre-Tax
Amount
 
Tax (Expense)
Benefit
 
After-Tax
Amount
AFS Securities:
 
 
 
 
 
 
Unrealized holdings losses
 
$
(2,905
)
 
$
1,017

 
$
(1,888
)
Less: reclassification adjustment for realized gains(1)
 
855

 
(299
)
 
556

Net unrealized losses
 
(3,760
)
 
1,316

 
(2,444
)
Cash Flow Hedges:
 
 
 
 
 
 
Net decrease in fair value
 
(382
)
 
134

 
(248
)
Less: effective portion reclassified into interest expense(2)
 
(1,592
)
 
557

 
(1,035
)
Net increase in fair value
 
1,210

 
(423
)
 
787

Postretirement Plans:
 
 
 
 
 
 
Net actuarial loss
 
(2,065
)
 
723

 
(1,342
)
Less: amortization of net actuarial losses(3)
 
(286
)
 
100

 
(186
)
Less: amortization of net prior service credits(3)
 
24

 
(8
)
 
16

Net loss on postretirement plans
 
(1,803
)
 
631

 
(1,172
)
Other comprehensive loss
 
$
(4,353
)
 
$
1,524

 
$
(2,829
)
(1)
Reclassified into net (loss) gain on sale of securities on the consolidated statements of income.
(2)
Reclassified into interest on borrowings and subordinated debentures on the consolidated statements of income.
(3)
Reclassified into compensation and related benefits and other expense on the consolidated statements of income. Refer to Note 18 of the consolidated financial statements for further details.

The Company adopted ASU 2018-02, Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income ("ASU 2018-02"), in 2017 and reclassified certain tax effects from AOCI to retained earnings, related to items that were stranded in other comprehensive income or loss as a result of the Tax Act. A description of the tax effects on other comprehensive income or loss upon are presented within the table below.

The following table presents the changes in each component of AOCI for the periods indicated:
(In thousands)
 
Net Unrealized Gains (Losses) on AFS Securities(1)
 
Net Unrealized Losses on Cash Flow Hedges(1)
 
Defined Benefit Postretirement Plans(1)
 
AOCI(1)
Balance at December 31, 2016
 
$
(6,085
)
 
$
(5,694
)
 
$
(2,130
)
 
$
(13,909
)
Other comprehensive loss before reclassifications
 
(1,888
)
 
(248
)
 
(1,342
)
 
(3,478
)
Less: Amounts reclassified from AOCI
 
556

 
(1,035
)
 
(170
)
 
(649
)
Other comprehensive loss (income)
 
(2,444
)
 
787

 
(1,172
)
 
(2,829
)
Less: Amounts reclassified from AOCI related to adoption of ASU 2018-02
 
(1,771
)
 
(1,019
)
 
(686
)
 
(3,476
)
Balance at December 31, 2017
 
(10,300
)
 
(5,926
)
 
(3,988
)
 
(20,214
)
Other comprehensive (loss) income before reclassifications
 
(8,514
)
 
837

 
1,368

 
(6,309
)
Less: Amounts reclassified from AOCI
 
(521
)
 
(652
)
 
(463
)
 
(1,636
)
Other comprehensive loss (income)
 
(7,993
)
 
1,489

 
1,831

 
(4,673
)
Net amount reclassified to AOCI related to adoption of ASU 2016-01 and ASU 2017-12
 
467

 
—

 
—

 
467

Balance at December 31, 2018
 
(17,826
)
 
(4,437
)
 
(2,157
)
 
(24,420
)
Other comprehensive income (loss) before reclassifications
 
20,993

 
(2,334
)
 
(1,506
)
 
17,153

Less: Amounts reclassified from AOCI
 
(83
)
 
(723
)
 
(193
)
 
(999
)
Other comprehensive income (loss)
 
21,076

 
(1,611
)
 
(1,313
)
 
18,152

Balance at December 31, 2019
 
$
3,250

 
$
(6,048
)
 
$
(3,470
)
 
$
(6,268
)
(1)
All amounts are net of tax.