Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2023

Notes to Financial Statements

Schedule of changes in accumulated other comprehensive income (loss) by component

	For the three months ended September 30, 2023
	Unrealized Gains (Losses)		Unrealized Gains (Losses)				Fair Value
	on Available for Sale		on Cash flow		Defined Benefit		Option Elected
	Securities		Hedges		Pension Items		on Liabilities		Total
	(In thousands)
Beginning balance, net of tax	$	(63,523)	$	26,559	$	(413)	$	1,358	$	(36,019)
Other comprehensive income before reclassifications, net of tax		(6,928)		5,162		—		261		(1,505)
Amounts reclassified from accumulated other comprehensive income, net of tax		1,530		(4,868)		(69)		—		(3,407)
Net current period other comprehensive income, net of tax		(5,398)		294		(69)		261		(4,912)
Ending balance, net of tax	$	(68,921)	$	26,853	$	(482)	$	1,619	$	(40,931)

	For the three months ended September 30, 2022
	Unrealized Gains (Losses)		Unrealized Gains (Losses)				Fair Value
	on Available for Sale		on Cash flow		Defined Benefit		Option Elected
	Securities		Hedges		Pension Items		on Liabilities		Total
	(In thousands)
Beginning balance, net of tax	$	(50,133)	$	18,260	$	(1,313)	$	1,922	$	(31,264)
Other comprehensive income before reclassifications, net of tax		(22,797)		7,480		—		(414)		(15,731)
Amounts reclassified from accumulated other comprehensive income, net of tax		—		710		(9)		—		701
Net current period other comprehensive income (loss), net of tax		(22,797)		8,190		(9)		(414)		(15,030)
Ending balance, net of tax	$	(72,930)	$	26,450	$	(1,322)	$	1,508	$	(46,294)

	For the nine months ended September 30, 2023
	Unrealized Gains		Unrealized Gains
	(Losses) on		(Losses) on				Fair Value
	Available for Sale		Cash flow		Defined Benefit		Option Elected
	Securities		Hedges		Pension Items		on Liabilities		Total
	(In thousands)
Beginning balance, net of tax	$	(63,106)	$	25,380	$	(275)	$	1,513	$	(36,488)
Other comprehensive income before reclassifications, net of tax		(11,144)		14,050		—		106		3,012
Amounts reclassified from accumulated other comprehensive income, net of tax		5,329		(12,577)		(207)		—		(7,455)
Net current period other comprehensive income (loss), net of tax		(5,815)		1,473		(207)		106		(4,443)
Ending balance, net of tax	$	(68,921)	$	26,853	$	(482)	$	1,619	$	(40,931)

	For the nine months ended September 30, 2022
	Unrealized Gains		Unrealized Gains
	(Losses) on		(Losses) on				Fair Value
	Available for Sale		Cash flow		Defined Benefit		Option Elected
	Securities		Hedges		Pension Items		on Liabilities		Total
	(In thousands)
Beginning balance, net of tax	$	(6,272)	$	(1,406)	$	(1,282)	$	2,276	$	(6,684)
Other comprehensive income before reclassifications, net of tax		(66,658)		23,657		—		(768)		(43,769)
Amounts reclassified from accumulated other comprehensive income, net of tax		—		4,199		(40)		—		4,159
Net current period other comprehensive income (loss), net of tax		(66,658)		27,856		(40)		(768)		(39,610)
Ending balance, net of tax	$	(72,930)	$	26,450	$	(1,322)	$	1,508	$	(46,294)

Schedule of amounts reclassified from accumulated other comprehensive income (loss) by component

For the three months ended September 30, 2023
	Amounts Reclassified from
Details about Accumulated Other	Accumulated Other			Affected Line Item in the Statement
Comprehensive Loss Components	Comprehensive Loss			Where Net Income is Presented
(In thousands)
Fair Value hedges:
Interest rate swaps benefit (expense)	$	(2,217)		Interest and dividend income
		687		Provision for income taxes
	$	(1,530)
Cash flow hedges:
Interest rate swaps benefit (expense)	$	7,053		Interest expense
		(2,185)		Provision for income taxes
	$	4,868
Amortization of defined benefit pension items:
Actuarial losses benefit (expense)	$	100	(1)	Other operating expenses
		(31)		Provision for income taxes
	$	69

For the three months ended September 30, 2022
	Amounts Reclassified from
Details about Accumulated Other	Accumulated Other			Affected Line Item in the Statement
Comprehensive Loss Components	Comprehensive Loss			Where Net Income is Presented
(In thousands)
Cash flow hedges:
Interest rate swaps benefit (expense)	$	(1,030)		Interest expense
		320		Provision for income taxes
	$	(710)
Amortization of defined benefit pension items:
Actuarial losses benefit (expense)	$	6	(1)	Other operating expenses
Prior service credits benefit (expense)		7	(1)	Other operating expenses
		13		Total before tax
		(4)		Provision for income taxes
	$	9

For the nine months ended September 30, 2023
	Amounts Reclassified from
Details about Accumulated Other	Accumulated Other			Affected Line Item in the Statement
Comprehensive Income Components	Comprehensive Income			Where Net Income is Presented
(In thousands)
Fair Value hedges:
Interest rate swaps benefit (expense)	$	(7,721)		Interest and dividend income
		2,392		Provision for income taxes
	$	(5,329)
Cash flow hedges:
Interest rate swaps benefit (expense)	$	18,222		Interest expense
		(5,645)		Provision for income taxes
	$	12,577
Amortization of defined benefit pension items:
Actuarial losses benefit (expense)	$	300	(1)	Other operating expense
		(93)		Provision for income taxes
	$	207

For the nine months ended September 30, 2022
	Amounts Reclassified from
Details about Accumulated Other	Accumulated Other			Affected Line Item in the Statement
Comprehensive Income Components	Comprehensive Income			Where Net Income is Presented
(In thousands)
Cash flow hedges:
Interest rate swaps benefit (expense)	$	(6,117)		Interest expense
		1,918		Provision for income taxes
	$	(4,199)
Amortization of defined benefit pension items:
Actuarial losses benefit (expense)	$	18	(1)	Other operating expense
Prior service credits benefit (expense)		21	(1)	Other operating expense
		39		Total before tax
		1		Provision for income taxes
	$	40

(1) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 9 (“Pension and Other Postretirement Benefit Plans”) for additional information