Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2022

Accumulated Other Comprehensive Income (Loss) [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

The following table shows changes in accumulated other comprehensive income (loss) by component for the periods indicated:

	Unrealized Gains and Losses on Available for Sale Securities (1)		Unrealized Gains and Losses on Pension Plan Liability (1)		Unrealized Gains and Losses on Hedging Instruments (1)		Total (1)
Three Months Ended June 30, 2022	(in thousands)
Beginning balance	$	(237,930)	$	(4,711)	$	14,864	$	(227,777)
Other comprehensive loss before reclassifications	(152,860)		—		—		(152,860)
Amounts reclassified from accumulated other comprehensive loss (2)	(2,080)		100		(1,998)		(3,978)
Net current-period other comprehensive income (loss)	(154,940)		100		(1,998)		(156,838)
Ending balance	$	(392,870)	$	(4,611)	$	12,866	$	(384,615)
Three Months Ended June 30, 2021
Beginning balance	$	60,569	$	(5,718)	$	22,877	$	77,728
Other comprehensive income before reclassifications	21,850		—		—		21,850
Amounts reclassified from accumulated other comprehensive income (2)	(586)		115		(1,998)		(2,469)
Net current-period other comprehensive income (loss)	21,264		115		(1,998)		19,381
Ending balance	$	81,833	$	(5,603)	$	20,879	$	97,109
Six Months Ended June 30, 2022
Beginning balance	$	23,134	$	(4,812)	$	16,840	$	35,162
Other comprehensive loss before reclassifications	(412,848)		—		—		(412,848)
Amounts reclassified from accumulated other comprehensive income (2)	(3,156)		201		(3,974)		(6,929)
Net current-period other comprehensive income (loss)	(416,004)		201		(3,974)		(419,777)
Ending balance	$	(392,870)	$	(4,611)	$	12,866	$	(384,615)
Six Months Ended June 30, 2021
Beginning balance	$	163,174	$	(5,833)	$	24,854	$	182,195
Other comprehensive loss before reclassifications	(80,755)		—		—		(80,755)
Amounts reclassified from accumulated other comprehensive income (2)	(586)		230		(3,975)		(4,331)
Net current-period other comprehensive income (loss)	(81,341)		230		(3,975)		(85,086)
Ending balance	$	81,833	$	(5,603)	$	20,879	$	97,109

__________

(1) All amounts are net of tax. Amounts in parentheses indicate debits.

(2) See following table for details about these reclassifications.

Schedule of reclassifications from accumulated other comprehensive income [Table Text Block]

The following table shows details regarding the reclassifications from accumulated other comprehensive income (loss) for the periods indicated:

	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)
	Three Months Ended June 30,				Six Months Ended June 30,				Affected line Item in the Consolidated
	2022		2021		2022		2021		Statement of Income
	(in thousands)
Unrealized gains on available for sale debt securities	$	—	$	314	$	—	$	314	Investment securities gains, net
Amortization of unrealized gains related to securities transfer	2,710		450		4,112		450		Taxable securities
	2,710		764		4,112		764		Total before tax
	(630)		(178)		(956)		(178)		Income tax provision
	$	2,080	$	586	$	3,156	$	586	Net of tax
Amortization of pension plan liability actuarial losses	$	(131)	$	(149)	$	(262)	$	(299)	Compensation and employee benefits
	(131)		(149)		(262)		(299)		Total before tax
	31		34		61		69		Income tax provision
	$	(100)	$	(115)	$	(201)	$	(230)	Net of tax
Unrealized gains from hedging instruments	$	2,603	$	2,602	$	5,178	$	5,178	Loans
	2,603		2,602		5,178		5,178		Total before tax
	(605)		(604)		(1,204)		(1,203)		Income tax provision
	$	1,998	$	1,998	$	3,974	$	3,975	Net of tax