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Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Before Tax Amount        
Income (loss) before tax amount $ 22,592 $ 20,936 $ 48,148 $ 47,017
Net unrealized gains (losses) on available-for-sale investment securities, before tax amount        
Net unrealized holding gains (losses) arising during the period 148 (3,182) (2,841) 2,211
(Reversal of provision) provision for credit losses (36) 105 50 397
Other comprehensive income (loss), securities, available-for-sale, adjustment, before tax 112 (3,077) (2,791) 2,608
Net unrealized gains (losses) on interest rate swaps used in cash flow hedges, before tax amount        
Net unrealized holding losses arising during the period (1,064) (5,481) (5,077) (4,175)
Less: reclassification adjustment for net losses realized in net income [1] 1,586 1,371 3,172 2,431
Total net unrealized gains (losses) on interest rate swaps used in cash flow hedges 522 (4,110) (1,905) (1,744)
Defined benefit pension plans, Before Tax Amount        
Amortization of net actuarial loss included in net periodic pension costs [2] 147 246 294 492
Total defined benefit pension plans 147 246 294 492
Other comprehensive income (loss), before tax amount 781 (6,941) (4,402) 1,356
Total comprehensive income (loss), before tax amount 23,373 13,995 43,746 48,373
Tax Expense (Benefit)        
Income tax expense 4,485 4,136 9,736 9,183
Net unrealized gains (losses) on available-for-sale investment securities, tax expense (benefit)        
Other comprehensive income (loss), securities, available-for-sale, unrealized holding gain (loss) arising during period, tax 32 (668) (596) 465
(Reversal of provision) provision for credit losses, tax (8) 22 10 83
Total net unrealized gains (losses) on available-for-sale investment securities 24 (646) (586) 548
Net unrealized gains (losses) on interest rate swaps used in cash flow hedges, tax expense (benefit)        
Net unrealized holding losses arising during the period (223) (1,151) (1,066) (877)
Less: reclassification adjustment for net losses realized in net income [1] 333 288 666 511
Total net unrealized gains (losses) on interest rate swaps used in cash flow hedges 110 (863) (400) (366)
Defined benefit pension plans, tax expense (benefit)        
Amortization of net actuarial loss included in net periodic pension costs [2] 31 52 62 104
Other comprehensive (income) loss, defined benefit plan, after reclassification adjustment, tax 31 52 62 104
Other comprehensive income (loss), tax expense (benefit) 165 (1,457) (924) 286
Total comprehensive income (loss), tax expense (benefit) 4,650 2,679 8,812 9,469
Net of Tax Amount        
Net income 18,107 16,800 38,412 37,834
Net unrealized gains (losses) on available-for-sale investment securities, net of tax amount        
Net unrealized holding gains (losses) arising during the period 116 (2,514) (2,245) 1,746
(Reversal of provision) provision for credit losses 28 (83) (40) (314)
Other comprehensive income (loss), securities, available-for-sale, adjustment, after tax 88 (2,431) (2,205) 2,060
Net unrealized gains (losses) on interest rate swaps used in cash flow hedges, net of tax amount        
Net unrealized holding losses arising during the period (841) (4,330) (4,011) (3,298)
Less: reclassification adjustment for net losses realized in net income [1] 1,253 1,083 2,506 1,920
Total net unrealized gains (losses) on interest rate swaps used in cash flow hedges 412 (3,247) (1,505) (1,378)
Defined benefit pension plans, net of tax amount        
Amortization of net actuarial loss included in net periodic pension costs [2] 116 194 232 388
Other comprehensive (income) loss, defined benefit plan, after reclassification adjustment, after tax 116 194 232 388
Other comprehensive income (loss), net of tax amount 616 (5,484) (3,478) 1,070
Total comprehensive income (loss), net of tax amount $ 18,723 $ 11,316 $ 34,934 $ 38,904
[1]
(1) Included in interest expense on demand deposits on the condensed consolidated statements of income (before tax amount).
[2]
(2) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (before tax amount). See Note 8, "Retirement Plans and Other Postretirement Benefits" for additional details.