| Changes in other comprehensive income (loss) |
The following table presents the components of OCI: | | | | | | | | | | | | | | | | | | | Before-Tax Amount | | Tax Effect | | Net of Tax Amount | | (dollars in thousands) | | Three months ended June 30, 2026 | | | | | | | Net unrealized gains on investment securities | $ | 16,022 | | | $ | (3,761) | | | $ | 12,261 | | | | | | | | Amortization of net unrealized gains on AFS investment securities transferred to HTM(1) | 1,699 | | | (399) | | | 1,300 | | | Net unrealized holding losses arising during the period on interest rate derivatives used in cash flow hedges | (6,910) | | | 1,782 | | | (5,128) | | | Reclassification adjustment for net change realized in net income on interest rate derivatives used in cash flow hedges | 829 | | | (355) | | | 474 | | Amortization of net unrecognized pension and postretirement items(2) | (118) | | | 28 | | | (90) | | | Total Other Comprehensive Income | $ | 11,522 | | | $ | (2,705) | | | $ | 8,817 | | | | | | | | | Three months ended June 30, 2025 | | | | | | | Net unrealized losses on investment securities | $ | (6,926) | | | $ | 1,569 | | | $ | (5,357) | | | | | | | | Amortization of net unrealized gains on AFS investment securities transferred to HTM(1) | 1,736 | | | (394) | | | 1,342 | | | Net unrealized holding gains arising during the period on interest rate derivatives used in cash flow hedges | 56 | | | (12) | | | 44 | | | Reclassification adjustment for net change realized in net income on interest rate derivatives used in cash flow hedges | 5,114 | | | (1,159) | | | 3,955 | | Amortization of net unrecognized pension and postretirement items(2) | (138) | | | 32 | | | (106) | | | Total Other Comprehensive Loss | $ | (158) | | | $ | 36 | | | $ | (122) | | | | | | | | | Six months ended June 30, 2026 | | | | | | | Net unrealized losses on investment securities | $ | (12,311) | | | $ | 2,889 | | | $ | (9,422) | | | | | | | | Amortization of net unrealized gains on AFS investment securities transferred to HTM(1) | 3,315 | | | (778) | | | 2,537 | | | Net unrealized holding losses arising during the period on interest rate derivatives used in cash flow hedges | (14,042) | | 2,960 | | | (11,082) | | | Reclassification adjustment for net change realized in net income on interest rate swaps used in cash flow hedges | 4,782 | | | (1,008) | | | 3,774 | | Amortization of net unrecognized pension and postretirement item(2) | (255) | | | 60 | | | (195) | | | Total Other Comprehensive Loss | $ | (18,511) | | | $ | 4,123 | | | $ | (14,388) | | | | | | | | | Six months ended June 30, 2025 | | | | | | | Net unrealized gains on investment securities | $ | 5,704 | | | $ | (1,292) | | | $ | 4,412 | | Reclassification adjustment for securities net change included in net income(3) | 2 | | | — | | | 2 | | Amortization of net unrealized gains on AFS investment securities transferred to HTM(1) | 3,452 | | | (782) | | | 2,670 | | | Net unrealized holding gains arising during the period on interest rate derivatives used in cash flow hedges | 2,337 | | | (529) | | | 1,808 | | | Reclassification adjustment for change realized in net income on interest rate swaps used in cash flow hedges | 9,658 | | | (2,188) | | | 7,470 | | Amortization of net unrecognized pension and postretirement items(2) | (272) | | | 60 | | | (212) | | | Total Other Comprehensive Income | $ | 20,881 | | | $ | (4,731) | | | $ | 16,150 | |
(1) Amounts reclassified out of AOCI. Before-tax amounts included in "Interest Income" on the Consolidated Statements of Income. (2) Amounts reclassified out of AOCI. Before-tax amounts included in "Salaries and employee benefits" on the Consolidated Statements of Income. (3) Amounts reclassified out of AOCI. Before-tax amounts included in "Investment securities (losses) gains, net" on the Consolidated Statements of Income.
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| Changes in each component of accumulated other comprehensive income (loss) |
The following table presents changes in each component of AOCI, net of tax: | | | | | | | | | | | | | | | | | | | | | | | | | | | Unrealized Gains (Losses) on Investment Securities | | Net Unrealized Gains (Losses) on Interest Rate Derivatives used in Cash Flow Hedges | | | | Unrecognized Pension and Postretirement Plan Income (Costs) | | Total | | (dollars in thousands) | | Three months ended June 30, 2026 | | | | | | | | | | | Balance at March 31, 2026 | $ | (226,147) | | | $ | (2,259) | | | | | $ | 6,519 | | | $ | (221,887) | | | OCI before reclassifications | 12,261 | | | (5,128) | | | | | — | | | 7,133 | | | Amounts reclassified from AOCI | — | | | 474 | | | | | (90) | | | 384 | | | Amortization of net unrealized gains on AFS investment securities transferred to HTM | 1,300 | | | — | | | | | — | | | 1,300 | | | | | | | | | | | | | Balance at June 30, 2026 | $ | (212,586) | | | $ | (6,913) | | | | | $ | 6,429 | | | $ | (213,070) | | | | | | | | | | | | | Three months ended June 30, 2025 | | | | | | | | | | | Balance at March 31, 2025 | $ | (264,890) | | | $ | (10,773) | | | | | $ | 4,116 | | | $ | (271,547) | | | OCI before reclassifications | (5,357) | | | 44 | | | | | — | | | (5,313) | | | Amounts reclassified from AOCI | — | | | 3,955 | | | | | (106) | | | 3,849 | | | Amortization of net unrealized gains on AFS investment securities transferred to HTM | 1,342 | | | — | | | | | — | | | 1,342 | | | | | | | | | | | | | Balance at June 30, 2025 | $ | (268,905) | | | $ | (6,774) | | | | | $ | 4,010 | | | $ | (271,669) | | | | | | | | | | | | | Six months ended June 30, 2026 | | | | | | | | | | | Balance at December 31, 2025 | $ | (205,701) | | | $ | 395 | | | | | $ | 6,624 | | | $ | (198,682) | | | OCI before reclassifications | (9,422) | | | (11,082) | | | | | — | | | (20,504) | | | Amounts reclassified from AOCI | — | | | 3,774 | | | | | (195) | | | 3,579 | | | Amortization of net unrealized gains on AFS investment securities transferred to HTM | 2,537 | | | — | | | | | — | | | 2,537 | | | | | | | | | | | | | Balance at June 30, 2026 | $ | (212,586) | | | $ | (6,913) | | | | | $ | 6,429 | | | $ | (213,070) | | | | | | | | | | | | | Six months ended June 30, 2025 | | | | | | | | | | | Balance at December 31, 2024 | $ | (275,989) | | | $ | (16,052) | | | | | $ | 4,222 | | | $ | (287,819) | | | OCI before reclassifications | 4,412 | | | 1,808 | | | | | — | | | 6,220 | | | Amounts reclassified from AOCI | 2 | | | 7,470 | | | | | (212) | | | 7,260 | | | Amortization of net unrealized gains on AFS investment securities transferred to HTM | 2,670 | | | — | | | | | — | | | 2,670 | | | | | | | | | | | | | Balance at June 30, 2025 | $ | (268,905) | | | $ | (6,774) | | | | | $ | 4,010 | | | $ | (271,669) | |
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