Accumulated Other Comprehensive Loss

9 Months Ended

Dec. 31, 2023

Equity [Abstract]

Accumulated Other Comprehensive Loss

Note 11 -accumulated other comprehensive loss

The components of accumulated other comprehensive loss for the three and nine months ended December 31, 2023 and 2022 are as follows:

(dollars in thousands)	Unrealized Gains and Losses on Available-for- Sale Debt Securities			Defined Benefit Pension Plans			Total
Three Months Ended December 31, 2023
Balance at beginning of period	$	(6,419	)	$	(389	)	$	(6,808	)
Other comprehensive income		2,190			—			2,190
Balance at end of period	$	(4,229	)	$	(389	)	$	(4,618	)
Three Months Ended December 31, 2022
Balance at beginning of period	$	(5,236	)	$	(1,656	)	$	(6,892	)
Other comprehensive income		197			15			212
Balance at end of period	$	(5,039	)	$	(1,641	)	$	(6,680	)

(dollars in thousands)	Unrealized Gains and Losses on Available-for- Sale Debt Securities			Defined Benefit Pension Plans			Total
Nine Months Ended December 31, 2023
Balance at beginning of period	$	(4,718	)	$	(389	)	$	(5,107	)
Other comprehensive income		489			—			489
Balance at end of period	$	(4,229	)	$	(389	)	$	(4,618	)
Nine Months Ended December 31, 2022
Balance at beginning of period	$	(2,033	)	$	(1,692	)	$	(3,725	)
Other comprehensive (loss) income		(3,006	)		51			(2,955	)
Balance at end of period	$	(5,039	)	$	(1,641	)	$	(6,680	)

The following table summarizes the significant amounts reclassified out of each component of AOCI for three and nine months ended December 31, 2023 and 2022:

(dollars in thousands)	Three Months Ended December 31,
	2023			2022
	Amount Reclassified from AOCI
Details about AOCI Components
Unrealized gains and losses on available-for-sale securities	$	2,772		$	251		Debt Securities gains, net
		(582	)		(54	)	Income tax expense
	$	2,190		$	197		Net income
Amortization of defined benefit pension items
Actuarial gains (losses)	$	—		$	19		Salaries and employee benefits
		—			(4	)	Income tax expense
	$	—		$	15		Net income
Total reclassification for the period	$	2,190		$	212		Net income

(dollars in thousands)	Nine Months Ended December 31,
	2023			2022
	Amount Reclassified from AOCI
Details about AOCI Components
Unrealized gains and losses on available-for-sale securities	$	617		$	(3,800	)	Debt Securities gains (losses), net
		(128	)		794		Income tax (expense) benefit
	$	489		$	(3,006	)	Net income (loss)
Amortization of defined benefit pension items
Actuarial gains (losses)	$	—		$	59		Salaries and employee benefits
		—			(8	)	Income tax expense
	$	—		$	51		Net income
Total reclassification for the period	$	489		$	(2,955	)	Net income (loss)