XML 38 R26.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Accumulated Other Comprehensive Loss (Tables)
 6 Months Ended
Jun. 30, 2024
Accumulated Other Comprehensive Loss [Abstract]  
Accumulated Other Comprehensive Loss Balances, Net of Tax
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
)
Reclassifications out of Accumulated Other Comprehensive Income (Loss)
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