Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2022

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income (Loss)

The following tables summarize the components of accumulated other comprehensive income (loss) at June 30, 2022 and 2021, including changes during the preceding three and six month periods as well as any reclassifications out of accumulated other comprehensive income (loss):


($ in Thousands)	AFS Investment Securities		Defined Benefit Pension and Postretirement Obligations		Accumulated Other Comprehensive Income (Loss)
Balance December 31, 2021	$	(5,266)	$	(5,051)	$	(10,317)
Other comprehensive (loss) before reclassifications	(168,321)		—		(168,321)
Unrealized (losses) on AFS securities transferred to HTM securities	(67,604)		—		(67,604)
Amounts reclassified from accumulated other comprehensive income (loss)
Investment securities (gains), net	(12)		—		(12)
HTM investment securities, net, at amortized cost	4,381		—		4,381
Personnel expense	—		(163)		(163)
Other expense	—		147		147
Income tax benefit	59,096		4		59,100
Net other comprehensive (loss) during period	(172,460)		(12)		(172,472)
Balance June 30, 2022	$	(177,726)	$	(5,062)	$	(182,788)

Balance December 31, 2020	$	41,325	$	(28,707)	$	12,618
Other comprehensive (loss) before reclassifications	(16,002)		—		(16,002)

Amounts reclassified from accumulated other comprehensive income (loss)
Investment securities losses, net	16		—		16
HTM investment securities, net, at amortized cost	1,163		—		1,163
Personnel expense	—		(74)		(74)
Other expense	—		2,100		2,100
Income tax (expense) benefit	3,574		(506)		3,068
Net other comprehensive income (loss) during period	(11,249)		1,519		(9,729)
Balance June 30, 2021	$	30,076	$	(27,187)	$	2,889


($ in Thousands)	AFS Investments Securities		Defined Benefit Pension and Post Retirement Obligations		Accumulated Other Comprehensive Income (Loss)
Balance March 31, 2022	$	(131,968)	$	(5,057)	$	(137,024)
Other comprehensive (loss) before reclassifications	(65,038)		—		(65,038)

Amounts reclassified from accumulated other comprehensive income (loss)
Investment securities losses, net	8		—		8
HTM investment securities, net, at amortized cost	3,273		—		3,273
Personnel expense	—		(81)		(81)
Other expense	—		74		74
Income tax benefit	15,998		2		16,000
Net other comprehensive (loss) during period	(45,758)		(6)		(45,764)
Balance June 30, 2022	$	(177,726)	$	(5,062)	$	(182,788)

Balance March 31, 2021	$	23,754	$	(27,947)	$	(4,193)
Other comprehensive income before reclassifications	7,978		—		7,978

Amounts reclassified from accumulated other comprehensive income (loss)
Investment securities (gains), net	(24)		—		(24)
HTM investment securities, net, at amortized cost	645		—		645
Personnel expense	—		(37)		(37)
Other expense	—		1,050		1,050
Income tax (expense)	(2,277)		(253)		(2,530)
Net other comprehensive income during period	6,322		760		7,082
Balance June 30, 2021	$	30,076	$	(27,187)	$	2,889