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

9 Months Ended

Sep. 30, 2024

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

Schedule of changes in AOCI by component


		Three Months Ended September 30, 2024 and 2023
		Unrealized
		Gains (Losses)
		on Available-			Defined
		for-Sale			Benefit
		Securities			Pension
		and I/O			Plan
		Strips			Items⁽¹⁾			Total

		(Dollars in thousands)
Beginning balance July 1, 2024, net of taxes		$	(5,946)		$	(5,769)		$	(11,715)
Other comprehensive income (loss) before reclassification,
net of taxes			2,857			(16)			2,841
Amounts reclassified from other comprehensive income
(loss), net of taxes			—			(18)			(18)
Net current period other comprehensive income (loss),
net of taxes			2,857			(34)			2,823

Ending balance September 30, 2024, net of taxes		$	(3,089)		$	(5,803)		$	(8,892)

Beginning balance July 1, 2023, net of taxes		$	(11,719)		$	(5,539)		$	(17,258)
Other comprehensive income (loss) before reclassification,
net of taxes			(173)			(13)			(186)
Amounts reclassified from other comprehensive income
(loss), net of taxes			—			(25)			(25)
Net current period other comprehensive income (loss),
net of taxes			(173)			(38)			(211)

Ending balance September 30, 2023, net of taxes		$	(11,892)		$	(5,577)		$	(17,469)

(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.


		Nine Months Ended September 30, 2024 and 2023
		Unrealized
		Gains (Losses)
		on Available-			Defined
		for-Sale			Benefit
		Securities			Pension
		and I/O			Plan
		Strips			Items⁽¹⁾			Total

		(Dollars in thousands)
Beginning balance January 1, 2024, net of taxes		$	(7,029)			(5,701)			(12,730)
Other comprehensive income (loss) before reclassification,
net of taxes			3,940			(47)			3,893
Amounts reclassified from other comprehensive income
(loss), net of taxes			—			(55)			(55)
Net current period other comprehensive income (loss),
net of taxes			3,940			(102)			3,838

Ending balance September 30, 2024, net of taxes		$	(3,089)		$	(5,803)		$	(8,892)

Beginning balance January 1, 2023, net of taxes		$	(11,394)		$	(5,462)		$	(16,856)
Other comprehensive income (loss) before reclassification,
net of taxes			(498)			(41)			(539)
Amounts reclassified from other comprehensive income
(loss), net of taxes			—			(74)			(74)
Net current period other comprehensive income (loss),
net of taxes			(498)			(115)			(613)

Ending balance September 30, 2023, net of taxes		$	(11,892)		$	(5,577)		$	(17,469)

(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.

Schedule of reclassifications out of AOCI into net income


		Amounts Reclassified from
		AOCI
		Three Months Ended
		September 30,						Affected Line Item Where
Details About AOCI Components		2024			2023			Net Income is Presented

		(Dollars in thousands)
Amortization of defined benefit pension plan items ⁽¹⁾
Prior transition obligation and actuarial losses ⁽²⁾		$	52		$	48
Prior service cost and actuarial losses ⁽³⁾			(26)			(13)
			26			35		Other noninterest expense
			(8)			(10)		Income tax benefit
Total reclassification from AOCI for the period		$	18		$	25		Net of tax

(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
		Nine Months Ended
		September 30,						Affected Line Item Where
Details About AOCI Components		2024			2023			Net Income is Presented

		(Dollars in thousands)
Amortization of defined benefit pension plan items ⁽¹⁾
Prior transition obligation and actuarial losses ⁽²⁾		$	157		$	143
Prior service cost and actuarial losses ⁽³⁾			(78)			(39)
			79			104		Other noninterest expense
			(24)			(30)		Income tax benefit
Total reclassification from AOCI for the period		$	55		$	74		Net of tax

(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.