Note 14 - Change in Accumulated Other Comprehensive Income ("AOCI")

9 Months Ended

Sep. 30, 2024

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

Note 14- Change in Accumulated Other Comprehensive Income ("AOCI")

Our AOCI includes unrealized gains (losses) on available-for-sale securities, defined benefit plan assets and derivatives as well as an unrecognized defined benefit plan prior service cost. The following table presents changes to accumulated other comprehensive income after-tax for the periods shown:

	Unrealized Gains and Losses on Available-for-Sale Securities			Net Actuarial Gains (Losses) on Defined Benefit Plan Assets			Unrecognized Defined Benefit Plan Prior Service Cost, Net of Amortization			Unrealized Gains and Losses on Derivatives			Total
	(In thousands)
Balance at June 30, 2023	$	(37,679	)	$	(600	)	$	(1,479	)	$	(308	)	$	(40,066	)
Other comprehensive (loss) income before reclassification		(6,540	)		—			—			727			(5,813	)
Amounts reclassified from accumulated other comprehensive income		—			—			29			—			29
Net other comprehensive (loss) income		(6,540	)		—			29			727			(5,784	)
Balance at September 30, 2023	$	(44,219	)	$	(600	)	$	(1,450	)	$	419		$	(45,850	)
Balance at June 30, 2024	$	(30,021	)	$	(288	)	$	(1,362	)	$	74		$	(31,597	)
Other comprehensive income (loss) before reclassification		6,344			—			—			(1,200	)		5,144
Amounts reclassified from accumulated other comprehensive income		—			—			29			—			29
Net other comprehensive income		6,344			—			29			(1,200	)		5,173
Balance at September 30, 2024	$	(23,677	)	$	(288	)	$	(1,333	)	$	(1,126	)	$	(26,424	)
Balance at December 31, 2022	$	(38,404	)	$	(600	)	$	(1,539	)	$	—		$	(40,543	)
Other comprehensive (loss) income before reclassification		(5,815	)		—			—			419			(5,396	)
Amounts reclassified from accumulated other comprehensive income		—			—			89			—			89
Net other comprehensive (loss) income		(5,815	)		—			89			419			(5,307	)
Balance at September 30, 2023	$	(44,219	)	$	(600	)	$	(1,450	)	$	419		$	(45,850	)
Balance at December 31, 2023	$	(30,099	)	$	(288	)	$	(1,421	)	$	(828	)	$	(32,636	)
Other comprehensive income (loss) before reclassification		4,759			—			—			(298	)		4,461
Amounts reclassified from accumulated other comprehensive income		1,663			—			88			—			1,751
Net other comprehensive income		6,422			—			88			(298	)		6,212
Balance at September 30, 2024	$	(23,677	)	$	(288	)	$	(1,333	)	$	(1,126	)	$	(26,424	)