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OTHER COMPREHENSIVE INCOME (LOSS) OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
 6 Months Ended
Jun. 30, 2020
Equity [Abstract]  
Schedule of of 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
 
 
June 30, 2020
 
June 30, 2019
(In thousands)
 
Pre-Tax
Amount
 
Tax (Expense)
Benefit
 
After-Tax
Amount
 
Pre-Tax
Amount
 
Tax (Expense)
Benefit
 
After-Tax
Amount
AFS Securities:
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized holdings gains
 
$
9,082

 
$
(1,952
)
 
$
7,130

 
$
13,835

 
$
(2,975
)
 
$
10,860

Less: reclassification adjustment for net realized losses(1)
 
—

 
—

 
—

 
27

 
(6
)
 
21

Net unrealized gains
 
9,082

 
(1,952
)
 
7,130

 
13,808

 
(2,969
)
 
10,839

Cash Flow Hedges:
 
 
 
 
 
 
 
 
 
 
 
 
Net decrease in fair value
 
(14
)
 
3

 
(11
)
 
(1,533
)
 
330

 
(1,203
)
Less: effective portion reclassified into interest expense(2)
 
(327
)
 
70

 
(257
)
 
(201
)
 
44

 
(157
)
Less: effective portion reclassified into interest income(3)
 
247

 
(53
)
 
194

 
—

 
—

 
—

Net increase (decrease) in fair value
 
66

 
(14
)
 
52

 
(1,332
)
 
286

 
(1,046
)
Postretirement Plans:
 
 
 
 
 
 
 
 
 
 
 
 
Net actuarial gain
 
175

 
(37
)
 
138

 
67

 
(15
)
 
52

Less: Amortization of net prior service credits(4)
 
6

 
(1
)
 
5

 
6

 
(2
)
 
4

Net gain on postretirement plans
 
169

 
(36
)
 
133

 
61

 
(13
)
 
48

Other comprehensive income
 
$
9,317

 
$
(2,002
)
 
$
7,315

 
$
12,537

 
$
(2,696
)
 
$
9,841


 
 
For The Six Months Ended
 
 
June 30, 2020
 
June 30, 2019
(In thousands)
 
Pre-Tax
Amount
 
Tax (Expense)
Benefit
 
After-Tax
Amount
 
Pre-Tax
Amount
 
Tax (Expense)
Benefit
 
After-Tax
Amount
AFS Securities:
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized holdings gains
 
$
33,197

 
$
(7,137
)
 
$
26,060

 
$
27,719

 
$
(5,960
)
 
$
21,759

Less: reclassification adjustment for net realized gains(1)
 
—

 
—

 
—

 
27

 
(6
)
 
21

Net unrealized gains
 
33,197

 
(7,137
)
 
26,060

 
27,692

 
(5,954
)
 
21,738

Cash Flow Hedges:
 
 
 
 
 
 
 
 
 
 
 
 
Net decrease in fair value
 
(1,162
)
 
250

 
(912
)
 
(2,711
)
 
583

 
(2,128
)
Less: effective portion reclassified into interest expense(2)
 
(567
)
 
122

 
(445
)
 
(320
)
 
69

 
(251
)
Less: effective portion reclassified into interest income(3)
 
299

 
(64
)
 
235

 
—

 
—

 
—

Net decrease in fair value
 
(894
)
 
192

 
(702
)
 
(2,391
)
 
514

 
(1,877
)
Postretirement Plans:
 
 
 
 
 
 
 
 
 
 
 
 
Net actuarial gain
 
351

 
(76
)
 
275

 
134

 
(29
)
 
105

Less: Amortization of net prior service credits(4)
 
12

 
(3
)
 
9

 
12

 
(3
)
 
9

Net gain on postretirement plans
 
339

 
(73
)
 
266

 
122

 
(26
)
 
96

Other comprehensive income
 
$
32,642

 
$
(7,018
)
 
$
25,624

 
$
25,423

 
$
(5,466
)
 
$
19,957

(1)
Reclassified into net gain on sale of securities on the consolidated statements of income.
(2)
Reclassified into interest on borrowings and/or subordinated debentures on the consolidated statements of income.
(3)
Reclassified into interest and fees on loans on the consolidated statements of income.
(4)
Reclassified into compensation and related benefits and other expense on the consolidated statements of income.
Schedule of Accumulated Other Comprehensive Income (Loss)
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
 
21,759

 
(2,128
)
 
105

 
19,736

Less: Amounts reclassified from AOCI
 
21

 
(251
)
 
9

 
(221
)
Other comprehensive income (loss)
 
21,738

 
(1,877
)
 
96

 
19,957

Balance at June 30, 2019
 
$
3,912

 
$
(6,314
)
 
$
(2,061
)
 
$
(4,463
)
 
 
 
 
 
 
 
 
 
Balance at December 31, 2019
 
$
3,250

 
$
(6,048
)
 
$
(3,470
)
 
$
(6,268
)
Other comprehensive income (loss) before reclassifications
 
26,060

 
(912
)
 
275

 
25,423

Less: Amounts reclassified from AOCI
 
—

 
(210
)
 
9

 
(201
)
Other comprehensive income (loss)
 
26,060

 
(702
)
 
266

 
25,624

Balance at June 30, 2020
 
$
29,310

 
$
(6,750
)
 
$
(3,204
)
 
$
19,356

(1)
All amounts are net of tax.