| OTHER COMPREHENSIVE INCOME (LOSS) |
OTHER COMPREHENSIVE INCOME The following tables present a reconciliation of the changes in the components of other comprehensive income and loss for the periods indicated, including the amount of tax (expense) benefit allocated to each component: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended | | | | March 31, 2026 | | March 31, 2025 | | | (In thousands) | | Pre-Tax
Amount | | Tax (Expense)
Benefit | | After-Tax
Amount | | Pre-Tax
Amount | | Tax (Expense)
Benefit | | After-Tax
Amount | | | Debt Securities: | | | | | | | | | | | | | | | Change in fair value | | $ | (2,566) | | | $ | 584 | | | $ | (1,982) | | | $ | 17,239 | | | $ | (3,975) | | | $ | 13,264 | | | Less: reclassification adjustment for amortization of securities transferred from AFS to HTM | | (1,614) | | | 368 | | | (1,246) | | | (1,524) | | | 386 | | | (1,138) | | | | | | | | | | | | | | | | | | Net change in fair value | | (952) | | | 216 | | | (736) | | | 18,763 | | | (4,361) | | | 14,402 | | | | Cash Flow Hedges: | | | | | | | | | | | | | | | Change in fair value | | 1,013 | | | (231) | | | 782 | | | (1,861) | | | 424 | | | (1,437) | | | Less: reclassified AOCI gain into interest expense(1) | | 282 | | | (64) | | | 218 | | | 736 | | | (168) | | | 568 | | | | | | | | | | | | | | | | | | Net change in fair value | | 731 | | | (167) | | | 564 | | | (2,597) | | | 592 | | | (2,005) | | | | Postretirement Plans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Amortization of settlement recognition of net loss and prior service credit(2) | | (14) | | | 3 | | | (11) | | | (8) | | | 2 | | | (6) | | | Other comprehensive income | | $ | (235) | | | $ | 52 | | | $ | (183) | | | $ | 16,158 | | | $ | (3,767) | | | $ | 12,391 | | |
(1) Reclassified into interest on borrowings and/or junior subordinated debentures on the consolidated statements of income. Refer to Note 8 of the consolidated financial statements for further details. (2) Reclassified into other expenses on the consolidated statements of income.
The following table presents the changes in each component of AOCI, after tax, for the periods indicated: | | | | | | | | | | | | | | | | | | | | | | | | | | | | (In thousands) | | Net Unrealized Gains (Losses) on Debt Securities(1) | | Net Unrealized Gains (Losses) on Cash Flow Hedges(1) | | Defined Benefit Postretirement Plans(1) | | AOCI(1) | As of or For the Three Months Ended March 31, 2026 | | | | | | | | | Balance at December 31, 2025 | | $ | (70,405) | | | $ | 5,478 | | | $ | 539 | | | $ | (64,388) | | Other comprehensive (loss) income before reclassifications | | (1,982) | | | 782 | | | — | | | (1,200) | | | Less: Amounts reclassified from AOCI | | (1,246) | | | 218 | | | 11 | | | (1,017) | | Other comprehensive (loss) income | | (736) | | | 564 | | | (11) | | | (183) | | Balance at March 31, 2026 | | $ | (71,141) | | | $ | 6,042 | | | $ | 528 | | | $ | (64,571) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of or For the Three Months Ended March 31, 2025 | | | | | | | | | Balance at December 31, 2024 | | $ | (104,015) | | | $ | 8,958 | | | $ | 411 | | | $ | (94,646) | | Other comprehensive income (loss) before reclassifications | | 13,264 | | | (1,437) | | | — | | | 11,827 | | | Less: Amounts reclassified from AOCI | | (1,138) | | | 568 | | | 6 | | | (564) | | Other comprehensive income (loss) | | 14,402 | | | (2,005) | | | (6) | | | 12,391 | | Balance at March 31, 2025 | | $ | (89,613) | | | $ | 6,953 | | | $ | 405 | | | $ | (82,255) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(1) All amounts are net of tax.
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