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Accumulated Other Comprehensive Income (Tables)
 12 Months Ended
Dec. 31, 2024
Accumulated Other Comprehensive Income [Abstract]  
Accumulated Other Comprehensive Income (Loss) Balances, Net of Tax

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

 
December 31, 2024
 
(dollars in thousands)
Balance at
12/31/2023
  
Other
Comprehensive
Income (loss)-
Before
Reclassifications
  
Amount
reclassified
from Accumulated
Other Comprehensive
Income
  
Other
Comprehensive
Income (loss)-
year ended
12/31/2024
  
Balance at
12/31/2024
  
 
                    
Net unrealized holding gain (loss) on securities available for sale, net of tax
  
$
(23,899
)
  
$
2,186
    
$
-
    
$
2,186
    
$
(21,713
)
Net change in overfunded position in pension and postretirement plans arising during the year, net of tax
    
13,476
      
7,790
      
-
      
7,790
      
21,266
  
Net change in net actuarial gain and prior service cost on pension and pension and postretirement benefit plans, net of tax
    
(2,814
)
     -      
(600
)
    
(600
)
    
(3,414
)
 
                                        
Accumulated other comprehensive (loss) income, net of tax
  
$
(13,237
)
  
$
9,976
    
$
(600
)
  
$
9,376
    
$
(3,861
)

 
  
December 31, 2023
  
(dollars in thousands)
  
Balance at
12/31/2022
    
Other
Comprehensive
Income (loss)-
Before
Reclassifications
    
Amount
reclassified
from Accumulated
Other Comprehensive
Income
    
Other
Comprehensive
Income (loss)-
year ended
12/31/2023
    
Balance at
12/31/2023
  
 
                              
Net unrealized holding gain on securities available for sale, net of tax
  
$
(32,271
)
  
$
8,372
    
$
-
    
$
8,372
    
$
(23,899
)
Net change in overfunded position in pension and postretirement plans arising during the year, net of tax
    
7,588
      
5,888
      
-
      
5,888
      
13,476
  
Net change in net actuarial gain and prior service credit on pension and pension and postretirement benefit plans, net of tax
    
(2,511
)
     -      
(303
)
    
(303
)
    
(2,814
)
 
                                        
Accumulated other comprehensive income (loss), net of tax
  
$
(27,194
)
  
$
14,260
    
$
(303
)
  
$
13,957
    
$
(13,237
)

 
  
December 31, 2022
  
(dollars in thousands)
  
Balance at
12/31/2021
    
Other
Comprehensive
Income (loss)-
Before
Reclassifications
    
Amount
reclassified
from Accumulated
Other Comprehensive
Income
    
Other
Comprehensive
Income (loss)-
year ended
12/31/2022
    
Balance at
12/31/2022
  
 
                              
Net unrealized holding (loss) gain on securities available for sale, net of tax
  
$
(26
)
  
$
(32,245
)
  
$
-
    
$
(32,245
)
  
$
(32,271
)
Net change in overfunded position in pension and postretirement plans arising during the year, net of tax
    
13,706
      
(6,118
)
    
-
      
(6,118
)
    
7,588
  
Net change in net actuarial gain and prior service credit on pension and pension and postretirement benefit plans, net of tax
    
(1,533
)
    
-
      
(978
)
    
(978
)
    
(2,511
)
 
                                        
Accumulated other comprehensive income, net of tax
  
$
12,147
    
$
(38,363
)
  
$
(978
)
  
$
(39,341
)
  
$
(27,194
)
Reclassifications out of Accumulated Other Comprehensive Income (Loss)

The following represents the reclassifications out of accumulated other comprehensive income (loss) for the years ended December 31, 2024, 2023 and 2022:

(dollars in thousands)
  
Years ended
December 31,
  
 
   2024    
2023
    
2022
   Affected Line Item in Financial Statements
Amortization of pension and postretirement benefit items:
                       
Amortization of net actuarial gain
    
824
      
423
      
1,008
   Salaries and employee benefits
Amortization of prior service (cost) credit
   
(13
)
    
(13
)
    
313
   Salaries and employee benefits
Income tax benefit
    
(211
)
    
(107
)
    
(343
)
 Income taxes
Net of tax
    
600
      
303
      
978
    
 
                                 
Total reclassifications, net of tax
  
$
600
    
$
303
    
$
978