XML 38 R22.htm IDEA: XBRL DOCUMENT v3.25.1
Accumulated Other Comprehensive Loss
12 Months Ended
Dec. 31, 2024
Accumulated Other Comprehensive Loss  
Accumulated Other Comprehensive Loss

15.   Accumulated Other Comprehensive Loss

The activity in accumulated other comprehensive loss for the years ended December 31, 2024 and 2023, is as follows:

​

​

​

​

​

​

​

​

​

​

​

​

​

Accumulated Other Comprehensive Loss(1)

​

​

​

​

​

Unrealized (losses)

​

​

​

​

​

​

​

​

gains on

​

​

​

​

​

Defined Benefit

​

available for sale

​

​

​

​

    

Pension Plan

    

securities

    

Total

Balance at December 31, 2023

​

$

(3,421)

​

$

(26,077)

​

$

(29,498)

Other comprehensive gain before reclassifications

​

 

730

​

 

2,924

​

 

3,654

Amounts reclassified from accumulated other comprehensive loss

​

 

236

​

 

12,673

​

 

12,909

Period change

​

 

966

​

 

15,597

​

 

16,563

Balance at December 31, 2024

​

$

(2,455)

​

$

(10,480)

​

$

(12,935)

​

​

​

​

​

​

​

​

​

​

Balance at December 31, 2022

​

$

(3,998)

​

$

(28,191)

​

$

(32,189)

Other comprehensive loss before reclassifications

​

 

282

​

 

2,114

​

 

2,396

Amounts reclassified from accumulated other comprehensive loss

​

 

295

​

 

—

​

 

295

Period change

​

 

577

​

 

2,114

​

 

2,691

Balance at December 31, 2023

​

$

(3,421)

​

$

(26,077)

​

$

(29,498)

(1)All amounts are net of tax. Related income tax expense or benefit is calculated using an income tax rate of 21.0%.

​

​

Details about accumulated other comprehensive loss components are as follows:

​

​

​

​

​

​

​

​

​

​

​

    

Amount Reclassified from

​

​

​

​

 Accumulated Other Comprehensive

​

​

​

​

 Income for the Year Ended

​

Affected Line Item in the Consolidated 

​

​

December 31, 

​

Statement of Income

​

​

2024

    

2023

    

​

Securities available for sale(1):

​

​

​

​

​

​

​

​

Net securities losses reclassified into earnings

​

$

(16,041)

​

$

—

 

Net realized loss on sales of securities

Related income tax expense

​

 

3,368

​

 

—

 

Provision for income taxes

Net effect on accumulated other comprehensive loss for the period

​

 

(12,673)

​

 

—

 

  

Defined benefit pension plan(2):

​

 

  

​

 

  

 

  

Amortization of net loss and prior service costs

​

 

(298)

​

 

(374)

 

Other non-interest expense

Related income tax expense

​

 

62

​

 

79

 

Provision for income taxes

Net effect on accumulated other comprehensive gain or loss for the period

​

 

(236)

​

 

(295)

 

  

Total reclassifications for the period

​

$

(12,909)

​

$

(295)

 

  

(1)For additional details related to unrealized gains and losses on securities and related amounts reclassified from accumulated other comprehensive loss see Note 2, “Available for Sale Securities.”
(2)Included in the computation of net periodic pension cost. See Note 9, “Employee Benefits” for additional details.

​