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OTHER COMPREHENSIVE INCOME (LOSS) OTHER COMPREHENSIVE INCOME (LOSS)
 3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
Comprehensive Income (Loss) Note [Text Block]
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 Three Months Ended
March 31, 2020
(In thousands)
 
Pre-Tax
Amount
 
Tax (Expense)
Benefit
 
After-Tax
Amount
AFS Securities:
 
 
 
 
 
 
Unrealized holdings gains
 
$
24,115

 
$
(5,185
)
 
$
18,930

Net unrealized gains
 
24,115

 
(5,185
)
 
18,930

Cash Flow Hedges:
 
 
 
 
 
 
Net decrease in fair value
 
(1,149
)
 
247

 
(902
)
Less: effective portion reclassified into interest expense(1)
 
(240
)
 
52

 
(188
)
Less: effective portion reclassified into interest income(2)
 
52

 
(12
)
 
40

Net decrease in fair value
 
(961
)
 
207

 
(754
)
Postretirement Plans:
 
 
 
 
 
 
Net actuarial gain
 
175

 
(37
)
 
138

Less: Amortization of net prior service credits(3)
 
6

 
(1
)
 
5

Net gain on postretirement plans
 
169

 
(36
)
 
133

Other comprehensive income
 
$
23,323

 
$
(5,014
)
 
$
18,309


 
 
For The Three Months Ended
March 31, 2019
(In thousands)
 
Pre-Tax
Amount
 
Tax (Expense)
Benefit
 
After-Tax
Amount
AFS Securities:
 
 
 
 
 
 
Unrealized holdings gains
 
$
13,884

 
$
(2,985
)
 
$
10,899

Net unrealized gains
 
13,884

 
(2,985
)
 
10,899

Cash Flow Hedges:
 
 
 
 
 
 
Net decrease in fair value
 
(1,178
)
 
253

 
(925
)
Less: effective portion reclassified into interest expense(1)
 
(119
)
 
25

 
(94
)
Net decrease in fair value
 
(1,059
)
 
228

 
(831
)
Postretirement Plans:
 
 
 
 
 
 
Net actuarial gain
 
67

 
(14
)
 
53

Less: Amortization of net prior service credits(3)
 
6

 
(1
)
 
5

Net gain on postretirement plans
 
61

 
(13
)
 
48

Other comprehensive income
 
$
12,886

 
$
(2,770
)
 
$
10,116

(1)
Reclassified into interest on borrowings and/or subordinated debentures on the consolidated statements of income.
(2)
Reclassified into interest and fees on loans on the consolidated statements of income.
(3)
Reclassified into compensation and related benefits and other expense on the consolidated statements of income.



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, 2018
 
$
(17,826
)
 
$
(4,437
)
 
$
(2,157
)
 
$
(24,420
)
Other comprehensive income (loss) before reclassifications
 
10,899

 
(925
)
 
53

 
10,027

Less: Amounts reclassified from AOCI
 
—

 
(94
)
 
5

 
(89
)
Other comprehensive income (loss)
 
10,899

 
(831
)
 
48

 
10,116

Balance at March 31, 2019
 
$
(6,927
)
 
$
(5,268
)
 
$
(2,109
)
 
$
(14,304
)
 
 
 
 
 
 
 
 
 
Balance at December 31, 2019
 
$
3,250

 
$
(6,048
)
 
$
(3,470
)
 
$
(6,268
)
Other comprehensive income (loss) before reclassifications
 
18,930

 
(902
)
 
138

 
18,166

Less: Amounts reclassified from AOCI
 
—

 
(148
)
 
5

 
(143
)
Other comprehensive income (loss)
 
18,930

 
(754
)
 
133

 
18,309

Balance at March 31, 2020
 
$
22,180

 
$
(6,802
)
 
$
(3,337
)
 
$
12,041

(1)
All amounts are net of tax.