ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

9 Months Ended

Sep. 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		(10,378)		2,706		13,850		6,178
Amounts reclassified from accumulated other comprehensive loss		(826)		(1,082)		612		(1,296)
Net other comprehensive (loss) income during the period		(11,204)		1,624		14,462		4,882
Balance as of September 30, 2021	$	1,490	$	(4,462)	$	1,930	$	(1,042)
Balance as of January 1, 2020	$	4,621	$	(6,024)	$	(4,537)	$	(5,940)
Other comprehensive income (loss) before reclassifications		10,783		423		(17,150)		(5,944)
Amounts reclassified from accumulated other comprehensive loss		(2,302)		133		2,514		345
Net other comprehensive income (loss) during the period		8,481		556		(14,636)		(5,599)
Balance as of September 30, 2020	$	13,102	$	(5,468)	$	(19,173)	$	(11,539)

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				Nine Months Ended
	September 30,				September 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	$	(8,654)	$	1,716	$	(15,222)	$	15,769
Reclassification adjustment for net gains included in net gain on securities and other assets		—		(215)		(1,207)		(3,357)
Net change		(8,654)		1,501		(16,429)		12,412
Tax (benefit) expense		(2,714)		475		(5,226)		3,931
Net change in unrealized holding gain or loss on securities available-for-sale, net of reclassification adjustments and tax		(5,940)		1,026		(11,203)		8,481
Change in pension and other postretirement obligations:
Reclassification adjustment for expense included in other expense		(735)		4		(1,595)		194
Reclassification adjustment for curtailment loss		—		—		1,543		—
Change in the net actuarial gain or loss		941		267		2,470		619
Net change		206		271		2,418		813
Tax expense		65		86		795		257
Net change in pension and other postretirement obligations		141		185		1,623		556
Change in unrealized gain or loss on derivatives:
Change in net unrealized gain or loss during the period		225		100		3,767		(25,098)
Reclassification adjustment for loss included in loss on termination of derivatives		—		—		16,505		—
Reclassification adjustment for expense included in interest expense		38		2,319		902		3,679
Net change		263		2,419		21,174		(21,419)
Tax expense (benefit)		82		766		6,712		(6,783)
Net change in unrealized gain or loss on derivatives, net of reclassification adjustments and tax		181		1,653		14,462		(14,636)
Other comprehensive (loss) income, net of tax	$	(5,618)	$	2,864	$	4,882	$	(5,599)