ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

6 Months Ended

Jun. 30, 2022

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS).

Activity in Accumulated Other Comprehensive Income (Loss), Net of Tax

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		(70,803)		1,368		6,279		(63,156)
Amounts reclassified from accumulated other comprehensive loss		685		(1,282)		(16)		(613)
Net other comprehensive (loss) income during the period		(70,118)		86		6,263		(63,769)
Balance as of June 30, 2022	$	(77,982)	$	(1,220)	$	9,252	$	(69,950)
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

Other Comprehensive Income (Loss)

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)	2022		2021		2022		2021
Change in unrealized gain (loss) on securities:
Change in net unrealized gain (loss) during the period	$	(33,157)	$	8,966	$	(103,288)	$	(6,568)
Reclassification adjustment for net gains included in net gain on sale of securities and other assets		—		(20)		—		(1,207)
Accretion of net unrealized loss on securities transferred to held-to-maturity		829		—		999		—
Net change		(32,328)		8,946		(102,289)		(7,775)
Tax (benefit) expense		(10,169)		2,817		(32,171)		(2,512)
Net change in unrealized gain (loss) on securities, net of reclassification adjustments and tax		(22,159)		6,129		(70,118)		(5,263)
Change in pension and other postretirement obligations:
Reclassification adjustment for expense included in other expense		(936)		(438)		(1,870)		(860)
Reclassification adjustment for curtailment loss		—		—		—		1,543
Change in the net actuarial gain		998		644		1,995		1,529
Net change		62		206		125		2,212
Tax expense		18		95		39		730
Net change in pension and other postretirement obligations		44		111		86		1,482
Change in unrealized gain (loss) on derivatives:
Change in net unrealized gain (loss) during the period		2,309		(1,406)		9,161		3,542
Reclassification adjustment for loss included in loss on termination of derivatives		—		—		—		16,505
Reclassification adjustment for expense included in interest expense		(54)		10		(23)		864
Net change		2,255		(1,396)		9,138		20,911
Tax expense		710		799		2,875		6,630
Net change in unrealized gain (loss) on derivatives, net of reclassification adjustments and tax		1,545		(2,195)		6,263		14,281
Other comprehensive (loss) income, net of tax	$	(20,570)	$	4,045	$	(63,769)	$	10,500