XML 27 R15.htm IDEA: XBRL DOCUMENT v3.23.1
Accumulated Other Comprehensive Loss
 3 Months Ended
Mar. 31, 2023
Accumulated Other Comprehensive Loss [Abstract]  
Accumulated Other Comprehensive Loss
(7) Accumulated Other Comprehensive Loss

The following is a summary of the accumulated other comprehensive income loss balances, net of tax:

 
  
Three months ended March 31, 2023
  
                Amount    
       
          Other     reclassified     Other        
          Comprehensive     from Accumulated     Comprehensive loss-        
    Balance at     loss-Before     Other Comprehensive     Three months ended     Balance at  
(dollars in thousands)
  
12/31/2022
    
Reclassifications
    
Loss
    
3/31/2023
    
3/31/2023
  
 
                              
Net unrealized holding gain on securities available for sale, net of tax
  
$
(32,271
)
  
$
3,901
    
$
-
    
$
3,901
    
$
(28,370
)
Net change in overfunded position in pension and postretirement plans arising during the year, net of tax
    
7,588
      
-
      
-
      
-
      
7,588
  
Net change in net actuarial gain and prior service cost on pension and postretirement benefit plans, net of tax
    
(2,511
)
    
-
      
(82
)
    
(82
)
    
(2,593
)
 
                                        
Accumulated other comprehensive loss, net of tax
  
$
(27,194
)
  
$
3,901
    
$
(82
)
  
$
3,819
    
$
(23,375
)

 
Three months ended March 31, 2022
  
                Amount              
          Other     reclassified     Other        
          Comprehensive
    from Accumulated     Comprehensive loss-        
    Balance at     loss-Before     Other Comprehensive     Three months ended     Balance at  
(dollars in thousands)
  
12/31/2021
    
Reclassifications
    
Loss
    
3/31/2022
    
3/31/2022
  
                               
Net unrealized holding loss on securities available for sale, net of tax
  
$
(26
)
  
$
(14,251
)
  
$
-
    
$
(14,251
)
  
$
(14,277
)
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
)
    
-
      
(265
)
    
(265
)
    
(1,798
)
                                         
Accumulated other comprehensive loss, net of tax
  
$
12,147
    
$
(14,251
)
  
$
(265
)
  
$
(14,516
)
  
$
(2,369
)

The following represents the reclassifications out of accumulated other comprehensive loss for the three months ended March 31, 2023 and 2022:

(dollars in thousands)    Three months ended    

 
March 31,
    
   
2023
    
2022
  
Affected Line Item in Financial Statements
Amortization of pension and postretirement benefit items:
          
   
Amortization of net actuarial gain
  
$
114
     $
78
  
Salaries and employee benefits
Amortization of prior service (cost) credit
    
(3
)
    
280
  
Salaries and employee benefits
Income tax (benefit) expense
    
(29
)
    
(93
)
Income taxes
Net of tax
    
82
      
265
  
                 
Total reclassifications, net of tax
  
$
82
     $
265