ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

3 Months Ended

Mar. 31, 2021

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

4.ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Activity in accumulated other comprehensive income (loss), net of tax, was as follows:

							Total
							Accumulated
	Securities		Defined				Other
	Available-		Benefit				Comprehensive
(In thousands)	for-Sale		Plans		Derivatives		Income (Loss)
Balance as of January 1, 2021	$	12,694	$	(6,086)	$	(12,532)	$	(5,924)
Other comprehensive income (loss) before reclassifications		(10,570)		1,659		16,476		7,565
Amounts reclassified from accumulated other comprehensive loss		(822)		(288)		—		(1,110)
Net other comprehensive (loss) income during the period		(11,392)		1,371		16,476		6,455
Balance as of March 31, 2021	$	1,302	$	(4,715)	$	3,944	$	531
Balance as of January 1, 2020	$	4,621	$	(6,024)	$	(4,537)	$	(5,940)
Other comprehensive income (loss) before reclassifications		7,049		120		(14,060)		(6,891)
Amounts reclassified from accumulated other comprehensive loss		(5)		65		139		199
Net other comprehensive income (loss) during the period		7,044		185		(13,921)		(6,692)
Balance as of March 31, 2020	$	11,665	$	(5,839)	$	(18,458)	$	(12,632)

The before and after-tax amounts allocated to each component of other comprehensive income (loss) are presented in the table below for the periods indicated.

	Three Months Ended
	March 31,
(In thousands)	2021		2020
Change in unrealized holding gain or loss on securities available-for-sale:
Change in net unrealized gain or loss during the period	$	(15,534)	$	10,260
Reclassification adjustment for net (gains) losses included in net gain on securities and other assets		(1,187)		(8)
Net change		(16,721)		10,252
Tax (benefit) expense		(5,329)		3,208
Net change in unrealized holding gain or loss on securities available-for-sale		(11,392)		7,044
Change in pension and other postretirement obligations:
Reclassification adjustment for expense included in other expense		(422)		95
Reclassification adjustment for curtailment loss		1,543		—
Change in the net actuarial gain or loss		885		176
Net change		2,006		271
Tax expense		635		86
Net change in pension and other postretirement obligations		1,371		185
Change in unrealized gain or loss on derivatives:
Change in net unrealized gain or loss during the period		21,453		(20,581)
Reclassification adjustment for expense included in interest expense		854		204
Net change		22,307		(20,377)
Tax expense (benefit)		5,831		(6,456)
Net change in unrealized gain or loss on derivatives		16,476		(13,921)
Other comprehensive income (loss), net of tax	$	6,455	$	(6,692)