Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2023

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

Reclassification out of Accumulated Other Comprehensive Income

The following tables present the reclassified components of accumulated other comprehensive income (“AOCI”) as of and for the periods shown:

	Three Months Ended March 31,
(Dollars in thousands)	2023		2022
Details about AOCI components	Amount reclassified from AOCI		Amount reclassified from AOCI		Affected income statement line item
Available-for-sale securities
Realized gain (loss) recognized in income	$	(1,536)	$	650	Gain (loss) on sale of available-for-sale securities
	369		(152)		Income tax effect
	(1,167)		498		Net of tax
Defined benefit pension plan items
Amortization of net actuarial loss	$	(29)	$	(107)	Salaries and employee benefits
	7		25		Income tax effect
	(22)		(82)		Net of tax
Investment hedge
Carrying value adjustment	334		10		Interest on investment securities
	(80)		(2)		Income tax effect
	254		8		Net of tax
Total reclassifications	$	(935)	$	424

Components of Accumulated Other Comprehensive Income

(Dollars in thousands)	Unrealized gains (losses) on available for-sale securities		Defined benefit pension plan items		Investment hedge		Total
Balance at December 31, 2022	$	(34,829)	$	(3,129)	$	254	$	(37,704)
Other comprehensive income (loss) before reclassification	5,852		(21)		—		5,831
Amounts reclassified from accumulated other comprehensive income (loss)	1,167		22		(254)		935
Net current period other comprehensive income (loss)	7,019		1		(254)		6,766
Balance at March 31, 2023	$	(27,810)	$	(3,128)	$	—	$	(30,938)
Balance at December 31, 2021	$	147	$	(4,069)	$	316	$	(3,606)
Other comprehensive income (loss) before reclassification	(13,415)		283		—		(13,132)
Amounts reclassified from accumulated other comprehensive income (loss)	(498)		82		(8)		(424)
Net current period other comprehensive income (loss)	(13,913)		365		(8)		(13,556)
Balance at March 31, 2022	$	(13,766)	$	(3,704)	$	308	$	(17,162)