Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2025

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

12. Accumulated Other Comprehensive Income (Loss):

The following tables set forth the changes in accumulated other comprehensive income (loss) by component for the periods indicated:


		For the three months ended June 30, 2025
		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		$	(1,460)		$	3,467		$	(898)		$	1,586		$	2,695

Other comprehensive income (loss) before reclassifications, net of tax			105			(2,020)			—			(76)			(1,991)

Amounts reclassified from accumulated other comprehensive income (loss), net of tax			—			(1,918)			(50)			—			(1,968)

Net current period other comprehensive income (loss), net of tax			105			(3,938)			(50)			(76)			(3,959)

Ending balance, net of tax		$	(1,355)		$	(471)		$	(948)		$	1,510		$	(1,264)


		For the three months ended June 30, 2024
		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		$	(54,916)		$	17,897		$	(444)		$	1,647		$	(35,816)

Other comprehensive income (loss) before reclassifications, net of tax			(1,994)			3,026			—			(35)			997

Amounts reclassified from accumulated other comprehensive income (loss), net of tax			—			(4,434)			(63)			—			(4,497)

Net current period other comprehensive income (loss), net of tax			(1,994)			(1,408)			(63)			(35)			(3,500)

Ending balance, net of tax		$	(56,910)		$	16,489		$	(507)		$	1,612		$	(39,316)


		For the six months ended June 30, 2025
		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		$	(4,331)		$	10,728		$	(848)		$	1,584		$	7,133

Other comprehensive income (loss) before reclassifications, net of tax			2,976			(6,151)			—			(74)			(3,249)

Amounts reclassified from accumulated other comprehensive income (loss), net of tax			—			(5,048)			(100)			—			(5,148)

Net current period other comprehensive income (loss), net of tax			2,976			(11,199)			(100)			(74)			(8,397)

Ending balance, net of tax		$	(1,355)		$	(471)		$	(948)		$	1,510		$	(1,264)


		For the six months ended June 30, 2024
		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		$	(54,744)		$	14,796		$	(381)		$	1,678		$	(38,651)

Other comprehensive income (loss) before reclassifications, net of tax			(2,166)			10,857			—			(66)			8,625

Amounts reclassified from accumulated other comprehensive income (loss), net of tax			—			(9,164)			(126)			—			(9,290)

Net current period other comprehensive income (loss), net of tax			(2,166)			1,693			(126)			(66)			(665)

Ending balance, net of tax		$	(56,910)		$	16,489		$	(507)		$	1,612		$	(39,316)

The following tables set forth significant amounts reclassified from accumulated other comprehensive income (loss) by component for the periods indicated:


For the three months ended June 30, 2025
		Amounts Reclassified from
Details about Accumulated Other		Accumulated Other			Affected Line Item in the Statement
Comprehensive Income Components		Comprehensive Income (Loss)			Where Net Income (Loss) is Presented
(In thousands)
Cash flow hedges:
Interest rate swaps benefit (expense)		$	2,883		Interest expense
Interest rate floor options benefit (expense)			(103)		Interest and fees on loans
			2,780		Total before tax
			(862)		Provision (benefit) for income taxes
		$	1,918

Amortization of defined benefit pension items:
Actuarial losses benefit (expense)		$	74	⁽¹⁾	Other operating expense
			(24)		Provision (benefit) for income taxes
		$	50


For the three months ended June 30, 2024
		Amounts Reclassified from
Details about Accumulated Other		Accumulated Other			Affected Line Item in the Statement
Comprehensive Income Components		Comprehensive Income (Loss)			Where Net Income (Loss) is Presented
(In thousands)
Cash flow hedges:
Interest rate swaps benefit (expense)		$	6,432		Interest expense
			(1,998)		Provision (benefit) for income taxes
		$	4,434

Amortization of defined benefit pension items:
Actuarial losses benefit (expense)		$	92	⁽¹⁾	Other operating expense
			(29)		Provision (benefit) for income taxes
		$	63

(1)

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


For the six months ended June 30, 2025
		Amounts Reclassified from
Details about Accumulated Other		Accumulated Other			Affected Line Item in the Statement
Comprehensive Income Components		Comprehensive Income (Loss)			Where Net Income (Loss) is Presented
			(In thousands)
Cash flow hedges:
Interest rate swaps benefit (expense)		$	7,426		Interest expense
			(115)		Interest and fees on loans
			7,311		Total before tax
			(2,266)		Provision (benefit) for income taxes
		$	5,045

Amortization of defined benefit pension items:
Actuarial losses benefit (expense)		$	146	⁽¹⁾	Other operating expenses
			(46)		Provision (benefit) for income taxes
		$	100


For the six months ended June 30, 2024
		Amounts Reclassified from
Details about Accumulated Other		Accumulated Other			Affected Line Item in the Statement
Comprehensive Income Components		Comprehensive Income (Loss)			Where Net Income (Loss) is Presented
			(In thousands)
Cash flow hedges:
Interest rate swaps benefit (expense)		$	13,294		Interest expense
			(4,130)		Provision (benefit) for income taxes
		$	9,164

Amortization of defined benefit pension items:
Actuarial losses benefit (expense)		$	184	⁽¹⁾	Other operating expenses
			(58)		Provision (benefit) for income taxes
		$	126

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