Other Comprehensive (Loss) Income (Tables)

9 Months Ended

Sep. 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 September 30, 2022
Securities available for sale and transferred securities:
Change in net unrealized gain/loss during the period	$	(55,350	)	$	11,624		$	(43,726	)
Reclassification adjustment for net losses included in net income		—			—			—
Cash flow hedge derivatives
Change in net unrealized gain/loss during the period		(13,343	)		2,802			(10,541	)
Reclassification adjustment for net gains included in net income		(266	)		56			(210	)
Total other comprehensive loss	$	(68,959	)	$	14,482		$	(54,477	)
Nine Months Ended September 30, 2022
Securities available for sale and transferred securities:
Change in net unrealized gain/loss during the period	$	(182,755	)	$	38,378		$	(144,377	)
Reclassification adjustment for net gains included in net income		—			—			—
Cash flow hedge derivatives
Change in net unrealized gain/loss during the period		(43,294	)		9,092			(34,202	)
Reclassification adjustment for net gains included in net income		982			(206	)		776
Total other comprehensive loss	$	(225,067	)	$	47,264		$	(177,803	)

	Before Tax Amount			Tax (Expense) Benefit			Net of Tax Amount
	(In Thousands)
Three Months Ended September 30, 2021
Securities available for sale and transferred securities:
Change in net unrealized gain/loss during the period	$	(9,042	)	$	1,898		$	(7,144	)
Reclassification adjustment for net gains included in net income		(233	)		49			(184	)
Cash flow hedge derivatives
Change in net unrealized gain/loss during the period		(1,692	)		356			(1,336	)
Reclassification adjustment for net gains included in net income		(860	)		180			(680	)
Total other comprehensive loss	$	(11,827	)	$	2,483		$	(9,344	)
Nine Months Ended September 30, 2021
Securities available for sale and transferred securities:
Change in net unrealized gain/loss during the period	$	(16,169	)	$	3,395		$	(12,774	)
Reclassification adjustment for net gains included in net income		(2,218	)		466			(1,752	)
Cash flow hedge derivatives
Change in net unrealized gain/loss during the period		2,742			(576	)		2,166
Reclassification adjustment for net gains included in net income		(1,310	)		275			(1,035	)
Total other comprehensive loss	$	(16,955	)	$	3,560		$	(13,395	)

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		(144,377	)		—			(34,202	)		(178,579	)
Amounts reclassified from accumulated other comprehensive income		—			—			776			776
Net other comprehensive income/(loss) during period		(144,377	)		—			(33,426	)		(177,803	)
Balance September 30, 2022	$	(148,400	)	$	(79	)	$	(32,752	)	$	(181,231	)
Balance January 1, 2021	$	15,083		$	(79	)	$	—		$	15,004
Other comprehensive income (loss) before reclassifications		(12,774	)		—			2,166			(10,608	)
Amounts reclassified from accumulated other comprehensive income		(1,752	)		—			(1,035	)		(2,787	)
Net other comprehensive income/(loss) during period		(14,526	)		—			1,131			(13,395	)
Balance September 30, 2021	$	557		$	(79	)	$	1,131		$	1,609