ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

3 Months Ended

Mar. 31, 2022

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
			Defined				Other
			Benefit				Comprehensive
(In thousands)	Securities		Plans		Derivatives		Income (Loss)
Balance as of January 1, 2022	$	(7,864)	$	(1,306)	$	2,989	$	(6,181)
Other comprehensive (loss) income before reclassifications		(48,075)		683		4,697		(42,695)
Amounts reclassified from accumulated other comprehensive loss		116		(641)		21		(504)
Net other comprehensive (loss) income during the period		(47,959)		42		4,718		(43,199)
Balance as of March 31, 2022	$	(55,823)	$	(1,264)	$	7,707	$	(49,380)
Balance as of January 1, 2021	$	12,694	$	(6,086)	$	(12,532)	$	(5,924)
Other comprehensive (loss) income 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

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)	2022		2021
Change in unrealized gain (loss) on securities:
Change in net unrealized gain (loss) during the period	$	(70,131)	$	(15,534)
Reclassification adjustment for net gains included in net gain on sale of securities and other assets		—		(1,187)
Accretion of net unrealized loss on securities transferred to held-to-maturity		170		—
Net change		(69,961)		(16,721)
Tax benefit		(22,002)		(5,329)
Net change in unrealized gain (loss) on securities, net of reclassification adjustments and tax		(47,959)		(11,392)
Change in pension and other postretirement obligations:
Reclassification adjustment for expense included in other expense		(934)		(422)
Reclassification adjustment for curtailment loss		—		1,543
Change in the net actuarial gain (loss)		997		885
Net change		63		2,006
Tax expense		21		635
Net change in pension and other postretirement obligations		42		1,371
Change in unrealized gain (loss) on derivatives:
Change in net unrealized gain (loss) during the period		6,852		4,948
Reclassification adjustment for loss included in loss on termination of derivatives		—		16,505
Reclassification adjustment for expense included in interest expense		31		854
Net change		6,883		22,307
Tax expense		2,165		5,831
Net change in unrealized gain (loss) on derivatives, net of reclassification adjustments and tax		4,718		16,476
Other comprehensive (loss) income, net of tax	$	(43,199)	$	6,455