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Accumulated Other Comprehensive Loss
 6 Months Ended
Jun. 30, 2024
Accumulated Other Comprehensive Loss [Abstract]  
Accumulated Other Comprehensive Loss
(7) Accumulated Other Comprehensive Loss

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

 
  
Three months ended June 30, 2024
  
         
    Amount    
       
          Other     reclassified     Other        
          Comprehensive     from Accumulated     Comprehensive loss-        
    Balance at     income-Before     Other Comprehensive     Three months ended     Balance at  
(dollars in thousands)
  
4/1/2024
    
Reclassifications
    
Loss
    
6/30/2024
    
6/30/2024
  
 
                              
Net unrealized holding gain on securities available for sale, net of tax
  
$
(25,277
)
    
642
 
-
      
642
   
(24,635
)
Net change in overfunded position in pension and postretirement plans arising during the year, net of tax
    
13,476
      
-
      
-
      
-
      
13,476
  
Net change in net actuarial gain and prior service cost on pension and postretirement benefit plans, net of tax
    
(2,962
)
    
-
      
(147
)
    
(147
)
    
(3,109
)
                                         
Accumulated other comprehensive income (loss), net of tax
  
$
(14,763
)
    
642
   
(147
)
    
495
   
(14,268
)

 
Three months ended June 30, 2023
  
         
    Amount    
       
          Other     reclassified     Other        
          Comprehensive     from Accumulated     Comprehensive loss-        
    Balance at     loss-Before     Other Comprehensive     Three months ended     Balance at  
(dollars in thousands)
  
4/1/2023
    
Reclassifications
    
Loss
    
6/30/2023
    
6/30/2023
  
                               
Net unrealized holding loss on securities available for sale, net of tax
  
$
(28,370
)
    
(2,755
)
    
-
      
(2,755
)
    
(31,125
)
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
    
(2,593
)
    
-
      
(82
)
    
(82
)
    
(2,675
)
                                         
Accumulated other comprehensive loss, net of tax
  
$
(23,375
)
    
(2,755
)
    
(82
)
    
(2,837
)
    
(26,212
)

 
  
Six months ended June 30, 2024
  
         
    Amount    
       
          Other     reclassified     Other        
          Comprehensive     from Accumulated     Comprehensive loss-        
    Balance at     loss-Before     Other Comprehensive
     Six months ended     Balance at  
(dollars in thousands)
  
1/1/2024
    
Reclassifications
    
Income
    
6/30/2024
    
6/30/2024
  
 
                              
Net unrealized holding loss on securities available for sale, net of tax
  
$
(23,899
)
  

(736
)
  

-
    

(736
)
  

(24,635
)
Net change in overfunded position in pension and postretirement plans arising during the year, net of tax
    
13,476
      
-
      
-
      
-
      
13,476
  
Net change in net actuarial gain and prior service cost on pension and postretirement benefit plans, net of tax
    
(2,814
)
    
-
      
(295
)
    
(295
)
    
(3,109
)
                                         
Accumulated other comprehensive loss, net of tax
  
$
(13,237
)
  

(736
)
  

(295
)
  

(1,031
)
  

(14,268
)

 
Six months ended June 30, 2023
  
                Amount    
       
          Other     reclassified     Other        
          Comprehensive     from Accumulated     Comprehensive loss-        
    Balance at     loss-Before     Other Comprehensive       Six months ended     Balance at  
(dollars in thousands)
  
1/1/2023
    
Reclassifications
    
Income
    
6/30/2023
    
6/30/2023
  
                               
Net unrealized holding gain on securities available for sale, net of tax
  
$
(32,271
)
    
1,146
      
-
      
1,146
      
(31,125
)
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 credit on pension and postretirement benefit plans, net of tax
    
(2,511
)
    
-
      
(164
)
    
(164
)
    
(2,675
)
                                         
Accumulated other comprehensive income (loss), net of tax
  
$
(27,194
)
    
1,146
      
(164
)
    
982
      
(26,212
)

The following represents the reclassifications out of accumulated other comprehensive income (loss) for the three and six months ended June 30, 2024 and 2023:

(dollars in thousands)
  
Three months ended
    
Six months ended
    
   
June 30,
    
June 30,
    
   
2024
    
2023
    
2024
    
2023
   Affected Line Item in Financial Statements
Amortization of pension and postretirement benefit items:
                        
Amortization of net actuarial gain
  
$
202
      
114
    
$
405
      
228
   Salaries and employee benefits
Amortization of prior service cost
    
(3
)
    
(3
)
    
(6
)
    
(6
)
 Salaries and employee benefits
Income tax benefit
    
(52
)
    
(29
)
    
(104
)
    
(58
)
 Income taxes
Net of tax
    
147
      
82
      
295
      
164
    
                                 
Total reclassifications, net of tax
  
$
147
      
82
    
$
295
      
164