ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

6 Months Ended

Jun. 30, 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 (loss) income before reclassifications		(4,451)		2,061		13,700		11,310
Amounts reclassified from accumulated other comprehensive loss		(812)		(579)		581		(810)
Net other comprehensive (loss) income during the period		(5,263)		1,482		14,281		10,500
Balance as of June 30, 2021	$	7,431	$	(4,604)	$	1,749	$	4,576
Balance as of January 1, 2020	$	4,621	$	(6,024)	$	(4,537)	$	(5,940)
Other comprehensive income (loss) before reclassifications		9,609		241		(17,218)		(7,368)
Amounts reclassified from accumulated other comprehensive loss		(2,154)		130		929		(1,095)
Net other comprehensive income (loss) during the period		7,455		371		(16,289)		(8,463)
Balance as of June 30, 2020	$	12,076	$	(5,653)	$	(20,826)	$	(14,403)

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				Six Months Ended
	June 30,				June 30,
(In thousands)	2021		2020		2021		2020
Change in unrealized holding gain or loss on securities available-for-sale:
Change in net unrealized gain or loss during the period	$	8,966	$	3,793	$	(6,568)	$	14,053
Reclassification adjustment for net gains included in net gain on securities and other assets		(20)		(3,134)		(1,207)		(3,142)
Net change		8,946		659		(7,775)		10,911
Tax expense (benefit)		2,817		248		(2,512)		3,456
Net change in unrealized holding gain or loss on securities available-for-sale, net of reclassification adjustments and tax		6,129		411		(5,263)		7,455
Change in pension and other postretirement obligations:
Reclassification adjustment for expense included in other expense		(438)		95		(860)		190
Reclassification adjustment for curtailment loss		—		—		1,543		—
Change in the net actuarial gain or loss		644		176		1,529		352
Net change		206		271		2,212		542
Tax expense		95		85		730		171
Net change in pension and other postretirement obligations		111		186		1,482		371
Change in unrealized gain or loss on derivatives:
Change in net unrealized gain or loss during the period		(1,406)		(4,617)		3,542		(25,198)
Reclassification adjustment for loss included in loss on termination of derivatives		—		—		16,505		—
Reclassification adjustment for expense included in interest expense		10		1,156		864		1,360
Net change		(1,396)		(3,461)		20,911		(23,838)
Tax expense (benefit)		799		(1,093)		6,630		(7,549)
Net change in unrealized gain or loss on derivatives, net of reclassification adjustments and tax		(2,195)		(2,368)		14,281		(16,289)
Other comprehensive income (loss), net of tax	$	4,045	$	(1,771)	$	10,500	$	(8,463)