Accumulated Other Comprehensive Loss |
Note 16 — Accumulated Other Comprehensive Loss The changes in each component of accumulated other comprehensive loss, net of tax, were as follows: | | | | | | | | | | | | | | | Unrealized Losses | | | | | | Benefit | | on Securities | | | | (Dollars in thousands) | | Plans | | Available for Sale | | Total | Three Months Ended September 30, 2023 | | | | | | | | | | Balance at June 30, 2023 | | $ | (673) | | $ | (661,725) | | $ | (662,398) | Other comprehensive loss before reclassifications | | | — | | | (153,491) | | | (153,491) | Amounts reclassified from accumulated other comprehensive loss | | | — | | | — | | | — | Net comprehensive loss | | | — | | | (153,491) | | | (153,491) | Balance at September 30, 2023 | | $ | (673) | | $ | (815,216) | | $ | (815,889) | | | | | | | | | | | Three Months Ended September 30, 2022 | | | | | | | | | | Balance at June 30, 2022 | | $ | 57 | | $ | (490,941) | | $ | (490,884) | Other comprehensive loss before reclassifications | | | — | | | (225,551) | | | (225,551) | Amounts reclassified from accumulated other comprehensive loss | | | — | | | (23) | | | (23) | Net comprehensive loss | | | — | | | (225,574) | | | (225,574) | Balance at September 30, 2022 | | $ | 57 | | $ | (716,515) | | $ | (716,458) | | | | | | | | | | | Nine Months Ended September 30, 2023 | | | | | | | | | | Balance at December 31, 2022 | | $ | (673) | | $ | (676,415) | | $ | (677,088) | Other comprehensive loss before reclassifications | | | — | | | (138,768) | | | (138,768) | Amounts reclassified from accumulated other comprehensive loss | | | — | | | (33) | | | (33) | Net comprehensive loss | | | — | | | (138,801) | | | (138,801) | Balance at September 30, 2023 | | $ | (673) | | $ | (815,216) | | $ | (815,889) | | | | | | | | | | | Nine Months Ended September 30, 2022 | | | | | | | | | | Balance at December 31, 2021 | | $ | 57 | | $ | (21,203) | | $ | (21,146) | Other comprehensive loss before reclassifications | | | — | | | (695,289) | | | (695,289) | Amounts reclassified from accumulated other comprehensive loss | | | — | | | (23) | | | (23) | Net comprehensive loss | | | — | | | (695,312) | | | (695,312) | Balance at September 30, 2022 | | $ | 57 | | $ | (716,515) | | $ | (716,458) |
The table below presents the reclassifications out of accumulated other comprehensive income (loss), net of tax: | | | | | | | | | | | | | | | | | Amount Reclassified from Accumulated Other Comprehensive Income (Loss) | | | (Dollars in thousands) | | For the Three Months Ended September 30, | | For the Nine Months Ended September 30, | | | Accumulated Other Comprehensive Income (Loss) Component | | 2023 | | 2022 | | 2023 | | 2022 | | Income Statement Line Item Affected | Gains on sales of available for sale securities: | | | | | | | | | | | | | | | | | $ | — | | $ | (30) | | $ | (45) | | $ | (30) | | Securities gains, net | | | | — | | | 7 | | | 12 | | | 7 | | Provision for income taxes | | | | — | | | (23) | | | (33) | | | (23) | | Net income | Total reclassifications for the period | | $ | — | | $ | (23) | | $ | (33) | | $ | (23) | | |
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