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OTHER COMPREHENSIVE INCOME (LOSS) OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
6 Months Ended
Jun. 30, 2022
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, 2022June 30, 2021
(In thousands)Pre-Tax
Amount
Tax (Expense)
Benefit
After-Tax
Amount
Pre-Tax
Amount
Tax (Expense)
Benefit
After-Tax
Amount
Debt Securities:
Change in fair value$(53,580)$11,520 $(42,060)$2,925 $(629)$2,296 
Less: reclassification adjustment for net realized losses(1)
(9)(7)— — — 
Net change in fair value(53,571)11,518 (42,053)2,925 (629)2,296 
Cash Flow Hedges:
Change in fair value3,588 (771)2,817 (3,203)689 (2,514)
Less: reclassified AOCI loss into interest expense(2)
(239)51 (188)(595)128 (467)
Less: reclassified AOCI gain into interest income(3)
237 (51)186 403 (86)317 
Net change in fair value3,590 (771)2,819 (3,011)647 (2,364)
Postretirement Plans:
Amortization of settlement recognition of net loss and prior service credit(4)
231 (50)181 217 (46)171 
Other comprehensive (loss) income$(49,750)$10,697 $(39,053)$131 $(28)$103 
(1) Reclassified into net loss on sale of securities in the consolidated statements of income. Refer to Note 3 of the consolidated financial statements for further details.
(2) Reclassified into interest on deposits, borrowings and/or subordinated debentures on the consolidated statements of income. Refer to Note 8 of the consolidated financial statements for further details.
(3)    Reclassified into interest and fees on loans on the consolidated statements of income. Refer to Note 8 of the consolidated financial statements for further details.
(4)    Reclassified into other expenses on the consolidated statements of income. Refer to Note 13 of the consolidated financial statements for further details.
For the Six Months Ended
June 30, 2022June 30, 2021
(In thousands)Pre-Tax
Amount
Tax (Expense)
Benefit
After-Tax
Amount
Pre-Tax
Amount
Tax (Expense)
Benefit
After-Tax
Amount
Debt Securities:
Change in fair value$(146,333)$31,462 $(114,871)$(19,380)$4,167 $(15,213)
Less: reclassification adjustment for net realized losses(1)
(9)(7)— — — 
Net change in fair value(146,324)31,460 (114,864)(19,380)4,167 (15,213)
Cash Flow Hedges:
Change in fair value7,223 (1,553)5,670 3,189 (685)2,504 
Less: reclassified AOCI loss into interest expense(2)
(739)159 (580)(1,173)252 (921)
Less: reclassified AOCI gain into interest income(3)
619 (133)486 795 (170)625 
Net change in fair value7,343 (1,579)5,764 3,567 (767)2,800 
Postretirement Plans:
Amortization of settlement recognition of net loss and prior service credit(4)
463 (100)363 435 (94)341 
Other comprehensive loss$(138,518)$29,781 $(108,737)$(15,378)$3,306 $(12,072)
(1) Reclassified into net loss on sale of securities in the consolidated statements of income. Refer to Note 3 of the consolidated financial statements for further details.
(2) Reclassified into interest on deposits, borrowings and/or subordinated debentures on the consolidated statements of income. Refer to Note 8 of the consolidated financial statements for further details.
(3)    Reclassified into interest and fees on loans on the consolidated statements of income. Refer to Note 8 of the consolidated financial statements for further details.
(4)    Reclassified into other expenses on the consolidated statements of income. Refer to Note 13 of the consolidated financial statements for further details.
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table presents the changes in each component of AOCI, after tax, for the periods indicated:
(In thousands)Net Unrealized Gains (Losses) on Debt SecuritiesNet Unrealized Losses (Gains) on Cash Flow HedgesDefined Benefit Postretirement PlansAOCI
At or For the Three Months Ended June 30, 2022
Balance at March 31, 2022$(73,984)$1,166 $(3,095)$(75,913)
Other comprehensive (loss) income before reclassifications(42,060)2,817 185 (39,058)
Less: Amounts reclassified from AOCI(7)(2)(5)
Other comprehensive (loss) income (42,053)2,819 181 (39,053)
Balance at June 30, 2022$(116,037)$3,985 $(2,914)$(114,966)
At or For the Six Months Ended June 30, 2022
Balance at December 31, 2021$(1,173)$(1,779)$(3,277)$(6,229)
Other comprehensive (loss) income before reclassifications(114,871)5,670 372 (108,829)
Less: Amounts reclassified from AOCI(7)(94)(92)
Other comprehensive (loss) income(114,864)5,764 363 (108,737)
Balance at June 30, 2022$(116,037)$3,985 $(2,914)$(114,966)
At or For the Three Months Ended June 30, 2021
Balance at March 31, 2021$11,801 $538 $(3,774)$8,565 
Other comprehensive (loss) income before reclassifications2,296 (2,514)175 (43)
Less: Amounts reclassified from AOCI— (150)(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 income (loss) before reclassifications(15,213)2,504 350 (12,359)
Less: Amounts reclassified from AOCI— (296)(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