XML 40 R28.htm IDEA: XBRL DOCUMENT v3.22.2.2
Accumulated Other Comprehensive Income (Loss) (Tables)
 9 Months Ended
Sep. 30, 2022
Accumulated Other Comprehensive Income (Loss) [Abstract]  
Accumulated Other Comprehensive Income (Loss) Balances, Net of Tax
The following is a summary of the accumulated other comprehensive (loss) income balances, net of tax:

 
  
Three months ended September 30, 2022
  
                 Amount              
           Other      reclassified      Other        
           Comprehensive      from Accumulated      Comprehensive loss-        
    Balance at      loss-Before      Other Comprehensive      Three months ended      Balance at  
(dollars in thousands)
  
7/1/2022
    
Reclassifications
    
Income
    
9/30/2022
    
9/30/2022
  
 
                              
Net unrealized holding loss on securities available for sale, net of tax
  
$
(21,106
)
    
(15,522
)
    
-
      
(15,522
)
    
(36,628
)
Net change in overfunded position in pension and postretirement plans arising during the year, net of tax
    
13,706
      
-
      
-
      
-
      
13,706
  
Net change in net actuarial gain and prior service credit on pension and postretirement benefit plans, net of tax
    
(2,022
)
    
-
      
(265
)
    
(265
)
    
(2,287
)
                                         
Accumulated other comprehensive loss, net of tax
  
$
(9,422
)
    
(15,522
)
    
(265
)
    
(15,787
)
    
(25,209
)

 
Three months ended September 30, 2021
  
                 Amount              
           Other      reclassified      Other        
           Comprehensive      from Accumulated     Comprehensive loss-        
    Balance at      loss-Before      Other Comprehensive      Three months ended      Balance at  
(dollars in thousands)
  
7/1/2021
    
Reclassifications
    
Income
    
9/30/2021
    
9/30/2021
  
                               
Net unrealized holding gain on securities available for sale, net of tax
  
$
3,347
      
(566
)
    
-
      
(566
)
    
2,781
  
Net change in overfunded position in pension and postretirement plans arising during the year, net of tax
    
6,084
      
-
      
-
      
-
      
6,084
  
Net change in net actuarial gain and prior service cost on pension and postretirement benefit plans, net of tax
    
(1,591
)
    
-
      
30
   
30
   
(1,561
)
                                         
Accumulated other comprehensive income, net of tax
  
$
7,840
      
(566
)
    
30
   
(536
)
    
7,304
  

 
  
Nine months ended September 30, 2022
 
                Amount               
           Other     reclassified      Other        
          Comprehensive     from Accumulated     Comprehensive loss-        
    Balance at      loss-Before     Other Comprehensive
     Nine months ended      Balance at  
(dollars in thousands)
  
1/1/2022
    
Reclassifications
    
Income
    
9/30/2022
    
9/30/2022
  
 
                              
Net unrealized holding loss on securities available for sale, net of tax
  
$
(26
)
    
(36,602
)
    
-
      
(36,602
)
    
(36,628
)
Net change in overfunded position in pension and postretirement plans arising during the year, net of tax
    
13,706
      
-
      
-
      
-
      
13,706
  
Net change in net actuarial gain and prior service credit on pension and postretirement benefit plans, net of tax
    
(1,533
)
    
-
      
(754
)
    
(754
)
    
(2,287
)
                                         
Accumulated other comprehensive income (loss), net of tax
  
$
12,147
      
(36,602
)
    
(754
)
    
(37,356
)
    
(25,209
)

 
Nine months ended September 30, 2021
  
                 Amount              
           Other      reclassified      Other        
           Comprehensive      from Accumulated      Comprehensive loss-        
    Balance at     loss-Before      Other Comprehensive      Nine months ended      Balance at  
(dollars in thousands)
  
1/1/2021
    
Reclassifications
    
Income
    
9/30/2021
    
9/30/2021
  
                               
Net unrealized holding gain on securities available for sale, net of tax
  
$
7,186
      
(4,405
)
    
-
      
(4,405
)
    
2,781
  
Net change in overfunded position in pension and postretirement plans arising during the year, net of tax
    
6,084
      
-
      
-
      
-
      
6,084
  
Net change in net actuarial gain and prior service credit on pension and postretirement benefit plans, net of tax
    
(1,334
)
    
-
      
(227
)
    
(227
)
    
(1,561
)
                                         
Accumulated other comprehensive income (loss), net of tax
  
$
11,936
      
(4,405
)
    
(227
)
    
(4,632
)
    
7,304
  
Reclassifications out of Accumulated Other Comprehensive Income (Loss)
The following represents the reclassifications out of accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2022 and 2021:

(dollars in thousands)
  
Three months ended
    
Nine months ended
    
   
September 30,
    
September 30,
    
   
2022
    
2021
    
2022
    
2021
   Affected Line Item in Financial Statements
Amortization of pension and postretirement benefit items:
                          
Amortization of net actuarial gain
  
$
280
      
137
    
$
784
      
534
   Salaries and employee benefits
Amortization of prior service credit (cost)
    
78
      
(177
)
    
235
      
(227
)
 Salaries and employee benefits
Income tax (benefit) expense
    
(93
)
    
10
      
(265
)
    
(80
)
 Income taxes
Net of tax
    
265
      
(30
)
    
754
      
227
    
                                   
Total reclassifications, net of tax
  
$
265
      
(30
)
  
$
754
      
227