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Other Comprehensive Income (Loss) (Tables)
12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
Schedule 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 Year Ended
December 31,
202220212020
(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
Debt Securities:
Change in fair value$(161,269)$34,673 $(126,596)$(38,832)$8,349 $(30,483)$33,198 $(7,138)$26,060 
Less: reclassification adjustment for amortization of securities transferred from AFS to HTM(1)
5,715 (1,229)4,486 — — — — — — 
Less: reclassification adjustment for net realized losses(2)
(912)196 (716)
Net change in fair value(166,072)35,706 (130,366)(38,832)8,349 (30,483)33,198 (7,138)26,060 
Cash Flow Hedges:
Change in fair value10,038 (2,158)7,880 2,987 (642)2,345 1,214 (260)954 
Less: reclassified AOCI gain (loss) into interest expense(3)
263 (57)206 (2,254)485 (1,769)(1,603)345 (1,258)
Less: reclassified AOCI gain into interest income(4)
(1)1,614 (347)1,267 1,006 (216)790 
Net change in fair value9,770 (2,100)7,670 3,627 (780)2,847 1,811 (389)1,422 
Postretirement Plans:
Net actuarial gain (loss)2,859 (614)2,245 (20)(16)(1,282)277 (1,005)
Less: Amortization of net actuarial loss(5)
(947)203 (744)(894)192 (702)(701)151 (550)
Less: Amortization of net prior service credits(5)
24 (5)19 24 (5)19 24 (5)19 
Net gain (loss) on postretirement plans3,782 (812)2,970 850 (183)667 (605)131 (474)
Other comprehensive (loss) income$(152,520)$32,794 $(119,726)$(34,355)$7,386 $(26,969)$34,404 $(7,396)$27,008 
(1)    Reclassified into taxable interest on investments and/or nontaxable interest on investments in the consolidated statements of income. Refer to Note 2 of the consolidated financial statements for further details.
(2) Reclassified into net loss on sale of securities in the consolidated statements of income. Refer to Note 2 of the consolidated
financial statements for further details.
(3)    Reclassified into interest on deposits, borrowings and/or subordinated debentures on the consolidated statements of income. Refer to Note 12 of the consolidated financial statements for further details.
(4)    Reclassified into interest and fees on loans on the consolidated statements of income. Refer to Note 12 of the consolidated financial statements for further details.
(5)    Reclassified into other expenses on the consolidated statements of income. Refer to Note 18 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 for the periods indicated:
(In thousands)
Net Unrealized (Losses) Gains on Debt Securities(1)
Net Unrealized (Losses) Gains on Cash Flow Hedges(1)
Defined Benefit Postretirement Plans(1)
AOCI(1)
Balance at December 31, 2019$3,250 $(6,048)$(3,470)$(6,268)
Other comprehensive income (loss) before reclassifications26,060 954 — 27,014 
Less: Amounts reclassified from AOCI— (468)474 
Other comprehensive income (loss)26,060 1,422 (474)27,008 
Balance at December 31, 202029,310 (4,626)(3,944)20,740 
Other comprehensive income (loss) before reclassifications(30,483)2,345 — (28,138)
Less: Amounts reclassified from AOCI— (502)(667)(1,169)
Other comprehensive income (loss)(30,483)2,847 667 (26,969)
Balance at December 31, 2021(1,173)(1,779)(3,277)(6,229)
Other comprehensive (loss) income before reclassifications(126,596)7,880 — (118,716)
Less: Amounts reclassified from AOCI3,770 210 (2,970)1,010 
Other comprehensive (loss) income(130,366)7,670 2,970 (119,726)
Balance at December 31, 2022$(131,539)$5,891 $(307)$(125,955)
(1)    All amounts are net of tax.