| Accumulated Other Comprehensive Loss |
Accumulated Other Comprehensive Loss The following tables present the after-tax changes in the balances of each component of accumulated other comprehensive loss for the three and six months ended June 30, 2026 and 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | Components of Accumulated Other Comprehensive Loss | | Total Accumulated Other Comprehensive Loss | | Unrealized Gains and Losses on AFS Securities | | Unrealized Gains and Losses on Derivatives | | Defined Benefit Pension and Postretirement Benefit Plans | | | (in thousands) | | March 31, 2026 | $ | (87,665) | | | $ | 297 | | | $ | (10,235) | | | $ | (97,603) | | | Other comprehensive (loss) gain before reclassification | (4,031) | | | — | | | 2,299 | | | (1,732) | | | Amounts reclassified to earnings | — | | | (125) | | | (157) | | | (282) | | | Other comprehensive (loss) income, net | (4,031) | | | (125) | | | 2,142 | | | (2,014) | | | June 30, 2026 | $ | (91,696) | | | $ | 172 | | | $ | (8,093) | | | $ | (99,617) | | | | | | | | | | | March 31, 2025 | $ | (106,686) | | | $ | 1,027 | | | $ | (22,593) | | | $ | (128,252) | | | Other comprehensive income before reclassification | 8,496 | | | — | | | — | | | 8,496 | | | Amounts reclassified to earnings | — | | | (221) | | | 88 | | | (133) | | | Other comprehensive income (loss), net | 8,496 | | | (221) | | | 88 | | | 8,363 | | | June 30, 2025 | $ | (98,190) | | | $ | 806 | | | $ | (22,505) | | | $ | (119,889) | |
| | | | | | | | | | | | | | | | | | | | | | | | | Components of Accumulated Other Comprehensive Loss | | Total Accumulated Other Comprehensive Loss | | Unrealized Gains and Losses on AFS Securities | | Unrealized Gains and Losses on Derivatives | | Defined Benefit Pension and Postretirement Benefit Plans | | | (in thousands) | | December 31, 2025 | $ | (64,553) | | | $ | 420 | | | $ | (10,246) | | | $ | (74,379) | | | Other comprehensive (loss) gain before reclassification | (27,136) | | | — | | | 2,299 | | | (24,837) | | | Amounts reclassified to earnings | (7) | | | (248) | | | (146) | | | (401) | | | Other comprehensive (loss) income, net | (27,143) | | | (248) | | | 2,153 | | | (25,238) | | | June 30, 2026 | $ | (91,696) | | | $ | 172 | | | $ | (8,093) | | | $ | (99,617) | | | | | | | | | | | December 31, 2024 | $ | (133,898) | | | $ | 1,245 | | | $ | (22,681) | | | $ | (155,334) | | | Other comprehensive income before reclassification | 35,708 | | | — | | | — | | | 35,708 | | | Amounts reclassified to earnings | — | | | (439) | | | 176 | | | (263) | | | Other comprehensive income (loss), net | 35,708 | | | (439) | | | 176 | | | 35,445 | | | June 30, 2025 | $ | (98,190) | | | $ | 806 | | | $ | (22,505) | | | $ | (119,889) | | |
The following table presents amounts reclassified from each component of accumulated other comprehensive loss on a gross and net of tax basis for the three and six months ended June 30, 2026 and 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Amounts Reclassified from Accumulated Other Comprehensive Loss | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | | Components of Accumulated Other Comprehensive Loss | | 2026 | | 2025 | | 2026 | | 2025 | | Income Statement Line Item | | | (in thousands) | | | | Unrealized gains on AFS securities before tax | | $ | — | | | $ | — | | | $ | 10 | | | $ | — | | | Gains (losses) on securities transactions, net | | Tax effect | | — | | | — | | | (3) | | | — | | | | | Total net of tax | | — | | | — | | | 7 | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Unrealized gains on derivatives (cash flow hedges) before tax | | 173 | | | 304 | | | 344 | | | 605 | | | Interest and fees on loans | | Tax effect | | (48) | | | (83) | | | (96) | | | (166) | | | | | Total net of tax | | 125 | | | 221 | | | 248 | | | 439 | | | | | Defined benefit pension and postretirement benefit plans: | | | | | | | | | | | | Pension settlement gain | | 234 | | | — | | | 234 | | | — | | | Other non-interest expense | | Tax effect | | (65) | | | — | | | (65) | | | — | | | | | Total net of tax | | 169 | | | — | | | 169 | | | — | | | | | Amortization of actuarial net losses | | (16) | | | (121) | | | (31) | | | (242) | | | Other non-interest expense | | | | | | | | | | | | | Tax effect | | 4 | | | 33 | | | 8 | | | 66 | | | | | Total net of tax | | (12) | | | (88) | | | (23) | | | (176) | | | | | Total reclassifications, net of tax | | $ | 282 | | | $ | 133 | | | $ | 401 | | | $ | 263 | | | |
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