Changes in Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2024

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of changes in accumulated other comprehensive income by component

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 loss	934		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.