Accumulated Other Comprehensive Income (Loss) ("AOCI")

6 Months Ended

Jun. 30, 2022

Accumulated Other Comprehensive Income ("AOCI")

Accumulated Other Comprehensive Income ("AOCI")

3) Accumulated Other Comprehensive Income (Loss) (“AOCI”)

The following table reflects the changes in AOCI by component for the periods indicated:

	Three Months Ended June 30, 2022 and 2021
			Unamortized
			Unrealized
	Unrealized		Gain on
	Gains (Losses) on		Available-
	Available-		for-Sale		Defined
	for-Sale		Securities		Benefit
	Securities		Reclassified		Pension
	and I/O		to Held-to-		Plan
	Strips		Maturity		Items(1)		Total
	(Dollars in thousands)
Beginning balance April 1, 2022, net of taxes	$	(975)	$	—	$	(13,079)	$	(14,054)
Other comprehensive (loss) before reclassification,
net of taxes		(1,934)		—		(3)		(1,937)
Amounts reclassified from other comprehensive income,
net of taxes		—		—		73		73
Net current period other comprehensive income (loss),
net of taxes		(1,934)		—		70		(1,864)
Ending balance June 30, 2022, net of taxes	$	(2,909)	$	—	$	(13,009)	$	(15,918)
Beginning balance April 1, 2021, net of taxes	$	3,327	$	252	$	(14,847)	$	(11,268)
Other comprehensive income (loss) before reclassification,
net of taxes		(454)		—		51		(403)
Amounts reclassified from other comprehensive income (loss),
net of taxes		—		(9)		148		139
Net current period other comprehensive income (loss),
net of taxes		(454)		(9)		199		(264)
Ending balance June 30, 2021, net of taxes	$	2,873	$	243	$	(14,648)	$	(11,532)

(1) This AOCI component is included in the computation of net periodic benefit cost (see Note 8—Benefit Plans) and includes split-dollar life insurance benefit plan.

	Six Months Ended June 30, 2022 and 2021
			Unamortized
			Unrealized
	Unrealized		Gain on
	Gains (Losses) on		Available-
	Available-		for-Sale		Defined
	for-Sale		Securities		Benefit
	Securities		Reclassified		Pension
	and I/O		to Held-to-		Plan
	Strips		Maturity		Items(1)		Total
	(Dollars in thousands)
Beginning balance January 1, 2022, net of taxes	$	2,153	$	—	$	(13,149)	$	(10,996)
Other comprehensive loss before reclassification,
net of taxes		(5,062)		—		(6)		(5,068)
Amounts reclassified from other comprehensive income,
net of taxes		—		—		146		146
Net current period other comprehensive income (loss),
net of taxes		(5,062)		—		140		(4,922)
Ending balance June 30, 2022, net of taxes	$	(2,909)	$	—	$	(13,009)	$	(15,918)
Beginning balance January 1, 2021, net of taxes	$	3,929	$	261	$	(14,907)	$	(10,717)
Other comprehensive (loss) before reclassification,
net of taxes		(1,056)		—		(2)		(1,058)
Amounts reclassified from other comprehensive income (loss),
net of taxes		—		(18)		261		243
Net current period other comprehensive income (loss),
net of taxes		(1,056)		(18)		259		(815)
Ending balance June 30, 2021, net of taxes	$	2,873	$	243	$	(14,648)	$	(11,532)

(1) This AOCI component is included in the computation of net periodic benefit cost (see Note 8—Benefit Plans) and includes split-dollar life insurance benefit plan.

	Amounts Reclassified from
	AOCI
	Three Months Ended
	June 30,				Affected Line Item Where
Details About AOCI Components	2022		2021		Net Income is Presented
	(Dollars in thousands)
Amortization of unrealized gain on securities available-
for-sale that were reclassified to securities
held-to-maturity	$	—	$	13	Interest income on taxable securities
		—		(4)	Income tax expense
		—		9	Net of tax
Amortization of defined benefit pension plan items (1)
Prior transition obligation and actuarial losses (2)		10		1
Prior service cost and actuarial losses (3)		(114)		(211)
		(104)		(210)	Other noninterest expense
		31		62	Income tax benefit
		(73)		(148)	Net of tax
Total reclassification from AOCI for the period	$	(73)	$	(139)

(1) This AOCI component is included in the computation of net periodic benefit cost (see Note 8—Benefit Plans).

(2) This is related to the split dollar life insurance benefit plan.

(3) This is related to the supplemental executive retirement plan.

	Amounts Reclassified from
	AOCI
	Six Months Ended
	June 30,				Affected Line Item Where
Details About AOCI Components	2022		2021		Net Income is Presented
	(Dollars in thousands)
Amortization of unrealized gain on securities
available-for-sale that were reclassified to securities
held-to-maturity		—		26	Interest income on taxable securities
		—		(8)	Income tax expense
		—		18	Net of tax
Amortization of defined benefit pension plan items (1)
Prior transition obligation and actuarial losses (2)		21		2
Prior service cost and actuarial losses (3)		(228)		(372)
		(207)		(370)	Other noninterest expense
		61		109	Income tax benefit
		(146)		(261)	Net of tax
Total reclassification from AOCI for the period	$	(146)	$	(243)

(1) This AOCI component is included in the computation of net periodic benefit cost (see Note 8—Benefit Plans).

(2) This is related to the split dollar life insurance benefit plan.

(3) This is related to the supplemental executive retirement plan.