| Components of Accumulated Other Comprehensive Income (Loss) |
A rollforward of the components of Accumulated Other Comprehensive Income (Loss) is presented in the table that follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
($ in thousands) |
Available for
Sale Securities |
|
HTM Securities
Transferred
from AFS |
|
Employee
Benefit Plans |
|
Cash
Flow Hedges |
|
Equity Method Investment |
|
Total |
|
Balance, December 31, 2025 |
$ |
(293,835 |
) |
$ |
(6,858 |
) |
$ |
(61,448 |
) |
$ |
(14,795 |
) |
$ |
685 |
|
$ |
(376,251 |
) |
Net change in unrealized gain (loss) |
|
(53,914 |
) |
|
— |
|
|
— |
|
|
(17,595 |
) |
|
386 |
|
|
(71,123 |
) |
Reclassification of net loss realized and included in earnings |
|
98,595 |
|
|
— |
|
|
270 |
|
|
11,644 |
|
|
— |
|
|
110,509 |
|
Valuation adjustments to employee benefit plans |
|
— |
|
|
— |
|
|
(496 |
) |
|
— |
|
|
— |
|
|
(496 |
) |
Amortization of unrealized net loss on securities transferred to HTM |
|
— |
|
|
813 |
|
|
— |
|
|
— |
|
|
— |
|
|
813 |
|
Income tax (expense) benefit |
|
(10,082 |
) |
|
(184 |
) |
|
51 |
|
|
1,342 |
|
|
— |
|
|
(8,873 |
) |
Balance, June 30, 2026 |
$ |
(259,236 |
) |
$ |
(6,229 |
) |
$ |
(61,623 |
) |
$ |
(19,404 |
) |
$ |
1,071 |
|
$ |
(345,421 |
) |
Balance, December 31, 2024 |
$ |
(473,679 |
) |
$ |
(8,071 |
) |
$ |
(77,235 |
) |
$ |
(47,136 |
) |
$ |
29 |
|
$ |
(606,092 |
) |
Net change in unrealized gain (loss) |
|
146,860 |
|
|
— |
|
|
— |
|
|
11,096 |
|
|
(173 |
) |
|
157,783 |
|
Reclassification of net loss realized and included in earnings |
|
— |
|
|
— |
|
|
1,888 |
|
|
17,195 |
|
|
— |
|
|
19,083 |
|
Amortization of unrealized net loss on securities transferred to HTM |
|
— |
|
|
792 |
|
|
— |
|
|
— |
|
|
— |
|
|
792 |
|
Income tax expense |
|
(34,140 |
) |
|
(196 |
) |
|
(594 |
) |
|
(6,463 |
) |
|
— |
|
|
(41,393 |
) |
Balance, June 30, 2025 |
$ |
(360,959 |
) |
$ |
(7,475 |
) |
$ |
(75,941 |
) |
$ |
(25,308 |
) |
$ |
(144 |
) |
$ |
(469,827 |
) |
|
| Line Items in Consolidated Income Statements Affected by Amounts Reclassified from Accumulated Other Comprehensive Income |
The following table shows the line items in the consolidated statements of income affected by amounts reclassified from AOCI.
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|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended |
|
|
|
Amount reclassified from AOCI (a) |
|
June 30, |
|
|
Income Statement |
($ in thousands) |
|
2026 |
|
|
2025 |
|
|
Line Item |
Loss on sale of AFS securities |
|
$ |
(98,595 |
) |
|
$ |
— |
|
|
Securities transactions, net |
Tax effect |
|
|
22,222 |
|
|
|
— |
|
|
Income taxes |
Net of tax |
|
|
(76,373 |
) |
|
|
— |
|
|
Net income |
Amortization of unrealized net loss on securities transferred to HTM |
|
|
(813 |
) |
|
|
(792 |
) |
|
Interest income |
Tax effect |
|
|
184 |
|
|
|
196 |
|
|
Income taxes |
Net of tax |
|
|
(629 |
) |
|
|
(596 |
) |
|
Net income |
Amortization of defined benefit pension and post-retirement items |
|
|
(270 |
) |
|
|
(1,888 |
) |
|
Other noninterest expense (b) |
Tax effect |
|
|
61 |
|
|
|
594 |
|
|
Income taxes |
Net of tax |
|
|
(209 |
) |
|
|
(1,294 |
) |
|
Net income |
Reclassification of unrealized loss on cash flow hedges |
|
|
(8,634 |
) |
|
|
(14,159 |
) |
|
Interest income |
Tax effect |
|
|
1,947 |
|
|
|
3,235 |
|
|
Income taxes |
Net of tax |
|
|
(6,687 |
) |
|
|
(10,924 |
) |
|
Net income |
Amortization of loss on terminated cash flow hedges |
|
|
(3,010 |
) |
|
|
(3,036 |
) |
|
Interest income |
Tax effect |
|
|
679 |
|
|
|
694 |
|
|
Income taxes |
Net of tax |
|
|
(2,331 |
) |
|
|
(2,342 |
) |
|
Net income |
Total reclassifications, net of tax |
|
$ |
(86,229 |
) |
|
$ |
(15,156 |
) |
|
Net income |
(a)Amounts in parentheses indicate reduction in net income. (b)These AOCI components are included in the computation of net periodic pension and post-retirement cost that is reported with other noninterest
expense (see Note 12 – Retirement Plans for additional details).
|