OTHER COMPREHENSIVE INCOME (LOSS) OTHER COMPREHENSIVE INCOME (LOSS)

6 Months Ended

Jun. 30, 2021

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:


	Three Months Ended
	June 30, 2021						June 30, 2020
(In thousands)	Pre-Tax Amount		Tax (Expense) Benefit		After-Tax Amount		Pre-Tax Amount		Tax (Expense) Benefit		After-Tax Amount
AFS Debt Securities:
Unrealized holdings gains	$	2,925	$	(629)	$	2,296	$	9,082	$	(1,952)	$	7,130

Net unrealized gains	2,925		(629)		2,296		9,082		(1,952)		7,130
Cash Flow Hedges:
Net (decrease) increase in fair value	(3,203)		689		(2,514)		39		(8)		31
Less: reclassified AOCI loss into interest expense(1)	(595)		128		(467)		(274)		59		(215)
Less: reclassified AOCI gain into interest income(2)	403		(86)		317		247		(53)		194
Net (decrease) increase in fair value	(3,011)		647		(2,364)		66		(14)		52
Postretirement Plans:



Amortization of settlement recognition of net loss and prior service credit(3)	217		(46)		171		169		(36)		133
Other comprehensive income	$	131	$	(28)	$	103	$	9,317	$	(2,002)	$	7,315

(1) Reclassified into interest on deposits, borrowings and/or subordinated debentures on the consolidated statements of income. Refer to Note 8 of the consolidated financial statements for further details.

(2) Reclassified into interest and fees on loans on the consolidated statements of income. Refer to Note 8 of the consolidated financial statements for further details.

(3) Reclassified into other expenses on the consolidated statements of income. Refer to Note 13 of the consolidated financial statements for further details.


	Six Months Ended
	June 30, 2021						June 30, 2020
(In thousands)	Pre-Tax Amount		Tax (Expense) Benefit		After-Tax Amount		Pre-Tax Amount		Tax (Expense) Benefit		After-Tax Amount
AFS Debt Securities:
Unrealized holdings (losses) gains	$	(19,380)	$	4,167	$	(15,213)	$	33,197	$	(7,137)	$	26,060

Net unrealized (losses) gains	(19,380)		4,167		(15,213)		33,197		(7,137)		26,060
Cash Flow Hedges:
Net increase (decrease) in fair value	3,189		(685)		2,504		(1,110)		239		(871)
Less: reclassified AOCI loss into interest expense(1)	(1,173)		252		(921)		(515)		111		(404)
Less: reclassified AOCI gain into interest income(2)	795		(170)		625		299		(64)		235
Net increase (decrease) in fair value	3,567		(767)		2,800		(894)		192		(702)
Postretirement Plans:



Amortization of settlement recognition of net loss and prior service credit(3)	435		(94)		341		339		(73)		266
Other comprehensive (loss) income	$	(15,378)	$	3,306	$	(12,072)	$	32,642	$	(7,018)	$	25,624

(2) Reclassified into interest and fees on loans on the consolidated statements of income. Refer to Note 8 of the consolidated financial statements for further details.

(3) Reclassified into other expenses on the consolidated statements of income. Refer to Note 13 of the consolidated financial statements for further details.

The following table presents the changes in each component of AOCI, after tax, for the periods indicated:


(In thousands)	Net Unrealized Gains (Losses) on AFS Debt Securities		Net Unrealized Losses (Gains) on Cash Flow Hedges		Defined Benefit Postretirement Plans		AOCI
At or For the Three Months Ended June 30, 2021
Balance at March 31, 2021	$	11,801	$	538	$	(3,774)	$	8,565
Other comprehensive income (loss) before reclassifications	2,296		(2,514)		175		(43)
Less: Amounts reclassified from AOCI	—		(150)		4		(146)
Other comprehensive income (loss)	2,296		(2,364)		171		103
Balance at June 30, 2021	$	14,097	$	(1,826)	$	(3,603)	$	8,668
At or For the Six Months Ended June 30, 2021
Balance at December 31, 2020	$	29,310	$	(4,626)	$	(3,944)	$	20,740
Other comprehensive (loss) income before reclassifications	(15,213)		2,504		350		(12,359)
Less: Amounts reclassified from AOCI	—		(296)		9		(287)
Other comprehensive (loss) income	(15,213)		2,800		341		(12,072)
Balance at June 30, 2021	$	14,097	$	(1,826)	$	(3,603)	$	8,668
At or For the Three Months Ended June 30, 2020
Balance at March 31, 2020	$	22,180	$	(6,802)	$	(3,337)	$	12,041
Other comprehensive income (loss) before reclassifications	7,130		31		137		7,298
Less: Amounts reclassified from AOCI	—		(21)		4		(17)
Other comprehensive income (loss)	7,130		52		133		7,315
Balance at June 30, 2020	$	29,310	$	(6,750)	$	(3,204)	$	19,356
At or For the Six Months Ended June 30, 2020
Balance at December 31, 2019	$	3,250	$	(6,048)	$	(3,470)	$	(6,268)
Other comprehensive income (loss) before reclassifications	26,060		(871)		275		25,464
Less: Amounts reclassified from AOCI	—		(169)		9		(160)
Other comprehensive income (loss)	26,060		(702)		266		25,624
Balance at June 30, 2020	$	29,310	$	(6,750)	$	(3,204)	$	19,356