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Accumulated Other Comprehensive Loss
9 Months Ended
Sep. 30, 2023
Accumulated Other Comprehensive Loss  
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)