ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

3 Months Ended

Mar. 31, 2023

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS).

Activity in Accumulated Other Comprehensive (loss) income, Net of Tax

Activity in accumulated other comprehensive (loss) income, net of tax, was as follows:

							Total
							Accumulated
			Defined				Other
			Benefit				Comprehensive
(In thousands)	Securities		Plans		Derivatives		Income (Loss)
Balance as of January 1, 2023	$	(100,870)	$	(5,266)	$	11,757	$	(94,379)
Other comprehensive (loss) income before reclassifications		(4,313)		155		(1,172)		(5,330)
Amounts reclassified from accumulated other comprehensive loss		1,551		(260)		(220)		1,071
Net other comprehensive (loss) income during the period		(2,762)		(105)		(1,392)		(4,259)
Balance as of March 31, 2023	$	(103,632)	$	(5,371)	$	10,365	$	(98,638)
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)

Before and after tax amounts allocated to each component of other comprehensive (loss) income

The before and after tax amounts allocated to each component of other comprehensive (loss) income are presented in the table below for the periods indicated.

	Three Months Ended
	March 31,
(In thousands)	2023		2022
Change in unrealized gain (loss) on securities:
Change in net unrealized loss during the period	$	(2,302)	$	(70,131)
Reclassification adjustment for net losses included in net loss on sale of securities and other assets		1,447		—
Accretion of net unrealized loss on securities transferred to held-to-maturity		757		170
Net change		(98)		(69,961)
Tax benefit (expense)		2,664		(22,002)
Net change in unrealized loss on securities, net of reclassification adjustments and tax		(2,762)		(47,959)
Change in pension and other postretirement obligations:
Reclassification adjustment for expense included in other expense		(370)		(934)
Change in the net actuarial gain		221		997
Net change		(149)		63
Tax (expense) benefit		(44)		21
Net change in pension and other postretirement obligations		(105)		42
Change in unrealized gain (loss) on derivatives:
Change in net unrealized (loss) gain during the period		(2,111)		6,852
Reclassification adjustment for expense included in interest expense		(313)		31
Net change		(2,424)		6,883
Tax (expense) benefit		(1,032)		2,165
Net change in unrealized (loss) gain on derivatives, net of reclassification adjustments and tax		(1,392)		4,718
Other comprehensive loss, net of tax	$	(4,259)	$	(43,199)