Accumulated Other Comprehensive Income (Loss) |
Accumulated Other Comprehensive Income (Loss) For the three and six months ended June 30, 2025 and 2024, the Company’s accumulated OCI (loss) includes the following three components: (i) unrealized holding gains (losses) on investment securities available-for-sale; (ii) change in the fair value of cash flow hedges; and (iii) adjustment of accumulated obligation for postretirement benefits. Changes in accumulated OCI (loss) by component, net of tax, were as follows for the periods indicated: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2025 | | Investment Securities Available-for-Sale | | Net Change in Fair Value of Cash Flow Hedges | | Postretirement Benefits | | Accumulated Other Comprehensive Income (Loss) | | (In Thousands) | Balance at March 31, 2025 | $ | (43,981) | | | $ | (676) | | | $ | 2,159 | | | $ | (42,498) | | Other comprehensive income (loss) | 4,327 | | | (157) | | | (1,956) | | | 2,214 | | Reclassification adjustment for (income) expense recognized in earnings | — | | | 397 | | | 509 | | | 906 | | Balance at June 30, 2025 | $ | (39,654) | | | $ | (436) | | | $ | 712 | | | $ | (39,378) | |
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2024 | | Investment Securities Available-for-Sale | | Net Change in Fair Value of Cash Flow Hedges | | Postretirement Benefits | | Accumulated Other Comprehensive Income (Loss) | | (In Thousands) | Balance at March 31, 2024 | $ | (58,823) | | | $ | (3,347) | | | $ | 1,329 | | | $ | (60,841) | | Other comprehensive income (loss) | (910) | | | (759) | | | — | | | (1,669) | | Reclassification adjustment for (income) expense recognized in earnings | — | | | 817 | | | — | | | 817 | | Balance at June 30, 2024 | $ | (59,733) | | | $ | (3,289) | | | $ | 1,329 | | | $ | (61,693) | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2025 | | Investment Securities Available-for-Sale | | Net Change in Fair Value of Cash Flow Hedges | | Postretirement Benefits | | Accumulated Other Comprehensive Income (Loss) | | (In Thousands) | Balance at December 31, 2024 | $ | (53,718) | | | $ | (1,323) | | | $ | 2,159 | | | $ | (52,882) | | Other comprehensive income (loss) | 14,064 | | | (2,115) | | | (1,956) | | | 9,993 | | Reclassification adjustment for (income) expense recognized in earnings | — | | | 3,002 | | | 509 | | | 3,511 | | Balance at June 30, 2025 | $ | (39,654) | | | $ | (436) | | | $ | 712 | | | $ | (39,378) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2024 | | Investment Securities Available-for-Sale | | Net Change in Fair Value of Cash Flow Hedges | | Postretirement Benefits | | Accumulated Other Comprehensive Income (Loss) | | (In Thousands) | Balance at December 31, 2023 | $ | (52,546) | | | $ | (1,581) | | | $ | 1,329 | | | $ | (52,798) | | Other comprehensive income (loss) | (7,187) | | | (3,340) | | | — | | | (10,527) | | Reclassification adjustment for (income) expense recognized in earnings | — | | | 1,632 | | | — | | | 1,632 | | Balance at June 30, 2024 | $ | (59,733) | | | $ | (3,289) | | | $ | 1,329 | | | $ | (61,693) | |
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