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Changes in Accumulated Other Comprehensive Income
6 Months Ended
Jun. 30, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Changes in Accumulated Other Comprehensive Income Changes in Accumulated Other Comprehensive Income
 
The following tables show the changes in accumulated other comprehensive income by component for the periods indicated (in thousands): 
 For the quarter ended June 30, 2024
 Unrealized 
losses
on securities 
available-for-sale
Change in 
fair value 
of interest 
rate swaps
Change in 
defined benefit 
pension plans
Total
Balance as of March 31, 2024$(156,357)1,780 1,153 (153,424)
Other comprehensive (loss)/income before reclassification adjustments (1) (3)(3,391)330 — (3,061)
Amounts reclassified from accumulated other comprehensive income (2) (4)26,789 — (388)26,401 
Net other comprehensive income/(loss)23,398 330 (388)23,340 
Balance as of June 30, 2024$(132,959)2,110 765 (130,084)

 For the quarter ended June 30, 2023
Unrealized 
losses
on securities 
available-for-sale
Change in 
fair value 
of interest 
rate swaps
Change in 
defined benefit 
pension plans
Total
Balance as of March 31, 2023$(151,189)— (7,334)(158,523)
Other comprehensive income before reclassification adjustments (5) (7)(17,719)1,737 — (15,982)
Amounts reclassified from accumulated other comprehensive income (6) (8)5,636 — (382)5,254 
Net other comprehensive income/(loss)(12,083)1,737 (382)(10,728)
Balance as of June 30, 2023$(163,272)1,737 (7,716)(169,251)
(1)Consists of unrealized holding losses, net of tax of $168.
(2)Consists of realized losses, net of tax of ($7,706).
(3)Change in fair value of interest rate swaps, net of tax ($96).
(4)Consists of realized gains, net of tax of $147.
(5)Consists of unrealized holding losses, net of tax of $3,771.
(6)Consists of realized losses, net of tax of ($1,731).
(7)Change in fair value of interest rate swaps, net of tax ($508).
(8)Consists of realized gains, net of tax of $152.
 For the six months ended June 30, 2024
 Unrealized 
losses
on securities 
available-for-sale
Change in 
fair value 
of interest 
rate swaps
Change in 
defined benefit 
pension plans
Total
Balance as of December 31, 2023$(150,659)(374)1,541 (149,492)
Other comprehensive (loss)/income before reclassification adjustments (1) (3)(9,089)2,484 — (6,605)
Amounts reclassified from accumulated other comprehensive income (2) (4)26,789 — (776)26,013 
Net other comprehensive income/(loss)17,700 2,484 (776)19,408 
Balance as of June 30, 2024$(132,959)2,110 765 (130,084)

 For the six months ended June 30, 2023
 Unrealized 
losses 
on securities 
available-for-sale
Change in 
fair value 
of interest 
rate swaps
Change in 
defined benefit 
pension plans
Total
Balance as of December 31, 2022$(164,206)— (6,952)(171,158)
Other comprehensive loss before reclassification adjustments (5) (7)(4,702)1,737 — (2,965)
Amounts reclassified from accumulated other comprehensive income (6) (8)5,636 — (764)4,872 
Net other comprehensive loss934 1,737 (764)1,907 
Balance as of June 30, 2023$(163,272)1,737 (7,716)(169,251)
(1)Consists of unrealized holding losses, net of tax of $1,926.
(2)Consists of realized losses, net of tax of ($7,706).
(3)Change in fair value of interest rate swaps, net of tax ($726).
(4)Consists of realized gains, net of tax of $294.
(5)Consists of unrealized holding losses, net of tax $463.
(6)Consists of realized losses, net of tax ($1,731).
(7)Change in fair value of interest rate swaps, net of tax ($508).
(8)Consists of realized gains, net of tax of $304.