Other Comprehensive (Loss) Income

3 Months Ended

Mar. 31, 2022

Other Comprehensive Income Loss Net Of Tax Period Increase Decrease [Abstract]

Other Comprehensive (Loss) Income

16. Other Comprehensive (Loss) Income

The before and after tax amounts allocated to each component of other comprehensive income (loss) are presented in the table below. Reclassification adjustments related to securities available for sale are included in gains on sale of securities in the accompanying consolidated condensed statements of income.

	Before Tax Amount			Tax (Expense) Benefit		Net of Tax Amount
	(In Thousands)
Three months ended March 31, 2022:
Securities available for sale and transferred securities:
Change in net unrealized gain/loss during the period	$	(74,193	)	$	15,580	$	(58,613	)
Reclassification adjustment for net losses included in net income		—			—		—
Cash flow hedge derivatives
Change in net unrealized gain/loss during the period		(16,241	)		3,411		(12,830	)
Reclassification adjustment for net gains included in net income		(793	)		167		(626	)
Total other comprehensive gain	$	(91,227	)	$	19,158	$	(72,069	)

	Before Tax Amount			Tax (Expense) Benefit		Net of Tax Amount
	(In Thousands)
Three months ended March 31, 2021:
Securities available for sale:
Change in net unrealized gain/loss during the period	$	(19,112	)	$	4,014	$	(15,098	)
Reclassification adjustment for net gains included in net income		(516	)		108		(408	)
Total other comprehensive loss	$	(19,628	)	$	4,122	$	(15,506	)

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

	Securities Available For Sale			Post- retirement Benefit			Cash Flow Hedge Derivatives			Accumulated Other Comprehensive Income (Loss)
	(In Thousands)
Balance January 1, 2022	$	(4,023	)	$	(79	)	$	674		$	(3,428	)
Other comprehensive income/(loss) before reclassifications		(58,613	)		—			(12,830	)		(71,443	)
Amounts reclassified from accumulated other comprehensive income		—			—			(626	)		(626	)
Net other comprehensive income/(loss) during period		(58,613	)		—			(13,456	)		(72,069	)
Balance March 31, 2022	$	(62,636	)	$	(79	)	$	(12,782	)	$	(75,497	)
Balance January 1, 2021	$	15,083		$	(79	)	$	—		$	15,004
Other comprehensive income (loss) before reclassifications		(15,098	)		—			—			(15,098	)
Amounts reclassified from accumulated other comprehensive income		(408	)		—			—			(408	)
Net other comprehensive income during period		(15,506	)		—			—			(15,506	)
Balance March 31, 2021	$	(423	)	$	(79	)	$	—		$	(502	)