ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

9 Months Ended

Sep. 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		(96,565)		2,051		9,972		(84,542)
Amounts reclassified from accumulated other comprehensive loss		—		(1,923)		(390)		(2,313)
Net other comprehensive (loss) income during the period		(96,565)		128		9,582		(86,855)
Balance as of September 30, 2022	$	(104,429)	$	(1,178)	$	12,571	$	(93,036)
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)

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				Nine Months Ended
	September 30,				September 30,
(In thousands)	2022		2021		2022		2021
Change in unrealized gain (loss) on securities:
Change in net unrealized gain (loss) during the period	$	(39,692)	$	(8,654)	$	(142,980)	$	(15,222)
Reclassification adjustment for net gains included in net gain on sale of securities and other assets		—		—		—		(1,207)
Accretion of net unrealized loss on securities transferred to held-to-maturity		1,112		—		2,111		—
Net change		(38,580)		(8,654)		(140,869)		(16,429)
Tax benefit		(12,133)		(2,714)		(44,304)		(5,226)
Net change in unrealized gain (loss) on securities, net of reclassification adjustments and tax		(26,447)		(5,940)		(96,565)		(11,203)
Change in pension and other postretirement obligations:
Reclassification adjustment for expense included in other expense		(935)		(735)		(2,805)		(1,595)
Reclassification adjustment for curtailment loss		—		—		—		1,543
Change in the net actuarial gain		997		941		2,992		2,470
Net change		62		206		187		2,418
Tax expense		20		65		59		795
Net change in pension and other postretirement obligations		42		141		128		1,623
Change in unrealized gain (loss) on derivatives:
Change in net unrealized gain (loss) during the period		5,387		225		14,548		3,767
Reclassification adjustment for loss included in loss on termination of derivatives		—		—		—		16,505
Reclassification adjustment for expense included in interest expense		(546)		38		(569)		902
Net change		4,841		263		13,979		21,174
Tax expense		1,522		82		4,397		6,712
Net change in unrealized gain (loss) on derivatives, net of reclassification adjustments and tax		3,319		181		9,582		14,462
Other comprehensive (loss) income, net of tax	$	(23,086)	$	(5,618)	$	(86,855)	$	4,882