v3.26.3
Accumulated Other Comprehensive Income (Loss)
 9 Months Ended
Sep. 30, 2026
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss)
The changes in accumulated other comprehensive income (loss) by component are as follows (in thousands):
Three Months Ended September 30, 2026
Unrealized Gains (Losses) on SecuritiesUnrealized Gains (Losses) on DerivativesRetirement PlansTotal
Beginning balance, net of tax$(77,921)$2,321 $(16,467)$(92,067)
Other comprehensive income (loss):
Other comprehensive income (loss) before reclassifications(78,909)3,105 — (75,804)
Reclassification adjustments included in net income2,032 (34)668 2,666 
Income tax (expense) benefit16,144 (645)(141)15,358 
Net current-period other comprehensive income (loss), net of tax(60,733)2,426 527 (57,780)
Ending balance, net of tax$(138,654)$4,747 $(15,940)$(149,847)
Nine Months Ended September 30, 2026
Unrealized Gains (Losses) on Securities
Unrealized Gains (Losses) on DerivativesRetirement Plans
Total
Beginning balance, net of tax$(76,311)$(1,784)$(17,522)$(95,617)
Other comprehensive income (loss):
Other comprehensive (loss) income before reclassifications(85,289)8,812 — (76,477)
Reclassification adjustments included in net income6,374 (545)2,003 7,832 
Income tax (expense) benefit16,572 (1,736)(421)14,415 
Net current-period other comprehensive income (loss), net of tax(62,343)6,531 1,582 (54,230)
Ending balance, net of tax$(138,654)$4,747 $(15,940)$(149,847)
Three Months Ended September 30, 2025
Unrealized Gains (Losses) on SecuritiesUnrealized Gains (Losses) on DerivativesRetirement PlansTotal
Beginning balance, net of tax$(123,451)$(3)$(18,031)$(141,485)
Other comprehensive income (loss):
Other comprehensive income (loss) before reclassifications16,327 828 — 17,155 
Reclassification adjustments included in net income26,474 (1,988)614 25,100 
Income tax (expense) benefit(8,989)243 (128)(8,874)
Net current-period other comprehensive income (loss), net of tax33,812 (917)486 33,381 
Ending balance, net of tax$(89,639)$(920)$(17,545)$(108,104)
Nine Months Ended September 30, 2025
Unrealized Gains (Losses) on SecuritiesUnrealized Gains (Losses) on DerivativesRetirement PlansTotal
Beginning balance, net of tax$(112,199)$6,303 $(19,002)$(124,898)
Other comprehensive income (loss):
Other comprehensive income (loss) before reclassifications(2,504)(2,715)— (5,219)
Reclassification adjustments included in net income31,061 (6,427)1,844 26,478 
Income tax (expense) benefit (5,997)1,919 (387)(4,465)
Net current-period other comprehensive income (loss), net of tax22,560 (7,223)1,457 16,794 
Ending balance, net of tax$(89,639)$(920)$(17,545)$(108,104)
The reclassification adjustments out of accumulated other comprehensive income (loss) included in net income are presented below (in thousands):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2026202520262025
Unrealized gains and losses on securities transferred:
Amortization of unrealized gains and losses (1)
$(2,032)$(2,079)$(6,374)$(6,112)
Tax (expense) benefit427 437 1,339 1,284 
Net of tax(1,605)(1,642)(5,035)(4,828)
Unrealized gains and losses on available for sale securities:
Realized net gain (loss) on sale of securities (2)
— (24,395)— (24,949)
Tax (expense) benefit— 5,123 — 5,239 
Net of tax— (19,272)— (19,710)
Derivatives:
Realized net gain (loss) on interest rate swap derivatives (3)
34 1,988 545 6,427 
Tax (expense) benefit(7)(417)(114)(1,349)
Net of tax27 1,571 431 5,078 
Amortization of pension plan:
Net actuarial loss (4)
(668)(614)(2,003)(1,844)
Tax (expense) benefit141 128 421 387 
Net of tax(527)(486)(1,582)(1,457)
Total reclassifications for the period, net of tax$(2,105)$(19,829)$(6,186)$(20,917)
(1)    Included in interest income on the consolidated statements of income.
(2)    Listed as net gain (loss) on sale of securities AFS on the consolidated statements of income.
(3)    Included in interest expense for FHLB borrowings, other borrowings and deposits on the consolidated statements of income.
(4)    These AOCI components are included in the computation of net periodic pension cost (income) presented in “Note 8 – Employee Benefit Plans.”