ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

6 Months Ended

Jun. 30, 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		(12,259)		729		(56)		(11,586)
Amounts reclassified from accumulated other comprehensive loss		2,111		(521)		(10)		1,580
Net other comprehensive (loss) income during the period		(10,148)		208		(66)		(10,006)
Balance as of June 30, 2023	$	(111,018)	$	(5,058)	$	11,691	$	(104,385)
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)

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				Six Months Ended
	June 30,				June 30,
(In thousands)	2023		2022		2023		2022
Change in unrealized gain (loss) on securities:
Change in net unrealized loss during the period	$	(11,291)	$	(33,157)	$	(13,593)	$	(103,288)
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		796		829		1,553		999
Net change		(10,495)		(32,328)		(10,593)		(102,289)
Tax benefit		(3,109)		(10,169)		(445)		(32,171)
Net change in unrealized loss on securities, net of reclassification adjustments and tax		(7,386)		(22,159)		(10,148)		(70,118)
Change in pension and other postretirement obligations:
Reclassification adjustment for expense included in other expense		(370)		(936)		(740)		(1,870)
Change in the net actuarial gain		814		998		1,035		1,995
Net change		444		62		295		125
Tax expense		131		18		87		39
Net change in pension and other postretirement obligations		313		44		208		86
Change in unrealized gain (loss) on derivatives:
Change in net unrealized gain (loss) during the period		1,586		2,309		(525)		9,161
Reclassification adjustment for expense included in interest expense		299		(54)		(14)		(23)
Net change		1,885		2,255		(539)		9,138
Tax expense (benefit)		559		710		(473)		2,875
Net change in unrealized (loss) gain on derivatives, net of reclassification adjustments and tax		1,326		1,545		(66)		6,263
Other comprehensive loss, net of tax	$	(5,747)	$	(20,570)	$	(10,006)	$	(63,769)