XML 39 R23.htm IDEA: XBRL DOCUMENT v3.20.4
Other Comprehensive Income (Loss)
12 Months Ended
Dec. 31, 2020
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,
202020192018
(In thousands)Pre-Tax
Amount
Tax (Expense)
Benefit
After-Tax
Amount
Pre-Tax
Amount
Tax (Expense)
Benefit
After-Tax
Amount
Pre-Tax
Amount
Tax (Expense)
Benefit
After-Tax
Amount
AFS Debt Securities:
Unrealized holding gain (loss)$33,198 $(7,138)$26,060 $26,743 $(5,750)$20,993 $(10,846)$2,332 $(8,514)
Less: reclassification adjustment for net realized (loss) gain(1)
— — — (105)22 (83)(663)142 (521)
Net unrealized gain (loss)33,198 (7,138)26,060 26,848 (5,772)21,076 (10,183)2,190 (7,993)
Cash Flow Hedges:
Net increase (decrease) in fair value1,214 (260)954 (2,973)639 (2,334)1,066 (229)837 
Less: reclassified AOCI gain (loss) into interest expense(2)
(1,603)345 (1,258)(707)151 (556)(831)179 (652)
Less: reclassified AOCI gain (loss) into interest income(3)
1,006 (216)790 (214)47 (167)— — — 
Net increase (decrease) in fair value1,811 (389)1,422 (2,052)441 (1,611)1,897 (408)1,489 
Postretirement Plans:
Net actuarial (loss) gain(1,282)277 (1,005)(1,918)412 (1,506)1,743 (375)1,368 
Less: Amortization of net actuarial loss(4)
(701)151 (550)(271)59 (212)(613)131 (482)
Less: Amortization of net prior service credits(4)
24 (5)19 24 (5)19 24 (5)19 
Net loss on postretirement plans(605)131 (474)(1,671)358 (1,313)2,332 (501)1,831 
Other comprehensive income$34,404 $(7,396)$27,008 $23,125 $(4,973)$18,152 $(5,954)$1,281 $(4,673)
(1)    Reclassified into net (loss) gain on sale of securities on the consolidated statements of income.
(2)    Reclassified into interest on deposits, borrowings and subordinated debentures on the consolidated statements of income.
(3)    Reclassified into interest and fees on loans on the consolidated statements of income.
(4)    Reclassified into salaries and employee benefits and other expenses on the consolidated statements of income. Refer to Note 18 of the consolidated financial statements for further details.
The following table presents the changes in each component of AOCI for the periods indicated:
(In thousands)
Net Unrealized (Losses) Gains on AFS Debt Securities(1)
Net Unrealized (Losses) Gains on Cash Flow Hedges(1)
Defined Benefit Postretirement Plans(1)
AOCI(1)
Balance at December 31, 2017$(10,300)$(5,926)$(3,988)$(20,214)
Other comprehensive (loss) gain 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 reclassifications20,993 (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, 20193,250 (6,048)(3,470)(6,268)
Other comprehensive income (loss) before reclassifications26,060 954 (1,005)26,009 
Less: Amounts reclassified from AOCI— (468)(531)(999)
Other comprehensive income (loss)26,060 1,422 (474)27,008 
Balance at December 31, 2020$29,310 $(4,626)$(3,944)$20,740 
(1)    All amounts are net of tax.