| Other Comprehensive (Loss) Income |
Other Comprehensive (Loss) Income The following tables present a reconciliation of the changes in the components of other comprehensive (loss) income for the dates indicated including the amount of income tax benefit (expense) allocated to each component of other comprehensive (loss) income: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended March 31, | | 2026 | | 2025 | | Pre Tax
Amount | | Tax
Benefit
(Expense) | | After Tax
Amount | | Pre Tax
Amount | | Tax
(Expense) Benefit | | After Tax
Amount | | (In thousands) | | Unrealized (losses) gains on securities available for sale: | | | | | | | | | | | | | Change in fair value of securities available for sale | $ | (23,581) | | | $ | 5,711 | | | $ | (17,870) | | | $ | 73,429 | | | $ | (104,438) | | | $ | (31,009) | | | Less: reclassification adjustment for losses included in net income | — | | | — | | | — | | | (269,638) | | | (12,689) | | | (282,327) | | Net change in fair value of securities available for sale | (23,581) | | | 5,711 | | | (17,870) | | | 343,067 | | | (91,749) | | | 251,318 | | | Unrealized (losses) gains on cash flow hedges: | | | | | | | | | | | | Change in fair value of cash flow hedges | (4,202) | | | 1,160 | | | (3,042) | | | 6,405 | | | (1,774) | | | 4,631 | | | Less: net cash flow hedge losses reclassified into interest income | (2,777) | | | 767 | | | (2,010) | | | (7,933) | | | 2,197 | | | (5,736) | | Net change in fair value of cash flow hedges | (1,425) | | | 393 | | | (1,032) | | | 14,338 | | | (3,971) | | | 10,367 | | Defined benefit pension plans: | | | | | | | | | | | | | Change in actuarial net loss | — | | | — | | | — | | | — | | | — | | | — | | | Less: amortization of actuarial net loss | (301) | | | 83 | | | (218) | | | (925) | | | 256 | | | (669) | | | Less: accretion of prior service credit | 2,488 | | | (687) | | | 1,801 | | | 2,495 | | | (691) | | | 1,804 | | Net change in other comprehensive income for defined benefit postretirement plans | (2,187) | | | 604 | | | (1,583) | | | (1,570) | | | 435 | | | (1,135) | | | Total other comprehensive (loss) income | $ | (27,193) | | | $ | 6,708 | | | $ | (20,485) | | | $ | 355,835 | | | $ | (95,285) | | | $ | 260,550 | |
The following table illustrates the changes in the balances of each component of accumulated other comprehensive (loss) income, net of tax: | | | | | | | | | | | | | | | | | | | | | | | | | Unrealized
Losses on
Available for
Sale Securities | | Unrealized
Gains and
(Losses) on
Cash Flow
Hedges | | Defined Benefit
Pension Plans | | Total | | (In thousands) | | Beginning Balance: January 1, 2026 | $ | (259,361) | | | $ | (2,990) | | | $ | 34,988 | | | $ | (227,363) | | | Other comprehensive loss before reclassifications | (17,870) | | | (3,042) | | | — | | | (20,912) | | | Less: Amounts reclassified from accumulated other comprehensive (loss) income | — | | | (2,010) | | | 1,583 | | | (427) | | | Net current-period other comprehensive loss | (17,870) | | | (1,032) | | | (1,583) | | | (20,485) | | | Ending Balance: March 31, 2026 | $ | (277,231) | | | $ | (4,022) | | | $ | 33,405 | | | $ | (247,848) | | | Beginning Balance: January 1, 2025 | $ | (583,875) | | | $ | (26,470) | | | $ | 26,016 | | | $ | (584,329) | | | Other comprehensive (loss) income before reclassifications | (31,009) | | | 4,631 | | | — | | | (26,378) | | | Less: Amounts reclassified from accumulated other comprehensive (loss) income | (282,327) | | | (5,736) | | | 1,135 | | | (286,928) | | | Net current-period other comprehensive income (loss) | 251,318 | | | 10,367 | | | (1,135) | | | 260,550 | | | Ending Balance: March 31, 2025 | $ | (332,557) | | | $ | (16,103) | | | $ | 24,881 | | | $ | (323,779) | |
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