Other Comprehensive (Loss) Income (Tables)

6 Months Ended

Jun. 30, 2022

Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of reclassification adjustments related to securities available for sale are included in gains on sale of securities

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 June 30, 2022:
Securities available for sale and transferred securities:
Change in net unrealized gain/loss during the period	$	(53,212	)	$	11,174		$	(42,038	)
Reclassification adjustment for net losses included in net income		—			—			—
Cash flow hedge derivatives
Change in net unrealized gain/loss during the period		(13,710	)		2,879			(10,831	)
Reclassification adjustment for net gains included in net income		2,041			(429	)		1,612
Total other comprehensive gain	$	(64,881	)	$	13,624		$	(51,257	)
Six months ended June 30, 2022:
Securities available for sale and transferred securities:
Change in net unrealized gain/loss during the period	$	(127,405	)	$	26,754		$	(100,651	)
Reclassification adjustment for net gains included in net income		—			—			—
Cash flow hedge derivatives
Change in net unrealized gain/loss during the period		(29,951	)		6,290			(23,661	)
Reclassification adjustment for net gains included in net income		1,248			(262	)		986
Total other comprehensive gain	$	(156,108	)	$	32,782		$	(123,326	)

	Before Tax Amount			Tax (Expense) Benefit			Net of Tax Amount
	(In Thousands)
Three months ended June 30, 2021:
Securities available for sale and transferred securities:
Change in net unrealized gain/loss during the period	$	11,985		$	(2,517	)	$	9,468
Reclassification adjustment for net gains included in net income		(1,469	)		309			(1,160	)
Cash flow hedge derivatives
Change in net unrealized gain/loss during the period		4,434			(932	)		3,502
Reclassification adjustment for net gains included in net income		(450	)		95			(355	)
Total other comprehensive gain	$	14,500		$	(3,045	)	$	11,455
Six months ended June 30, 2021:
Securities available for sale and transferred securities:
Change in net unrealized gain/loss during the period	$	(7,127	)	$	1,497		$	(5,630	)
Reclassification adjustment for net gains included in net income		(1,985	)		417			(1,568	)
Cash flow hedge derivatives
Change in net unrealized gain/loss during the period		4,434			(932	)		3,502
Reclassification adjustment for net gains included in net income		(450	)		95			(355	)
Total other comprehensive gain	$	(5,128	)	$	1,077		$	(4,051	)

Schedule of accumulated other comprehensive income (loss), net of tax

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		(100,651	)		—			(23,661	)		(124,312	)
Amounts reclassified from accumulated other comprehensive income		—			—			986			986
Net other comprehensive income/(loss) during period		(100,651	)		—			(22,675	)		(123,326	)
Balance June 30, 2022	$	(104,674	)	$	(79	)	$	(22,001	)	$	(126,754	)
Balance January 1, 2021	$	15,083		$	(79	)	$	—		$	15,004
Other comprehensive income (loss) before reclassifications		(5,630	)		—			3,502			(2,128	)
Amounts reclassified from accumulated other comprehensive income		(1,568	)		—			(355	)		(1,923	)
Net other comprehensive income during period		(7,198	)		—			3,147			(4,051	)
Balance June 30, 2021	$	7,885		$	(79	)	$	3,147		$	10,953