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Accumulated Other Comprehensive Income (Loss) (Tables)
6 Months Ended
Jun. 30, 2025
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 income (loss) balances, net of tax:

 
 
Three months ended June 30, 2025
 
                Amount    
       
          Other     reclassified     Other        
          Comprehensive     from Accumulated     Comprehensive income-        
    Balance at     income-Before     Other Comprehensive     Three months ended     Balance at  
(dollars in thousands)
 
4/1/2025
   
Reclassifications
   
Loss
   
6/30/2025
   
6/30/2025
 
 
                             
Net unrealized holding gain on securities available for
sale, net of tax
 
$
(17,765
)
   
2,336
     
-
     
2,336
     
(15,429
)
Net change in overfunded position in pension and
postretirement plans arising during the year, net of tax
   
21,266
     
-
     
-
     
-
     
21,266
 
Net change in net actuarial gain and prior service cost on
pension and postretirement benefit plans, net of tax
   
(3,633
)
   
-
     
(541
)
   
(541
)
   
(4,174
)
                                         
Accumulated other comprehensive income (loss), net of tax
 
$
(132
)
   
2,336
     
(541
)
   
1,795
     
1,663

    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 loss 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 loss, net of tax
 
$
(14,763
)
   
642
     
(147
)
   
495
     
(14,268
)

 
 
Six months ended June 30, 2025
 
                Amount            
          Other     reclassified     Other Comprehensive        
          Comprehensive     from Accumulated     income-        
    Balance at     income-Before     Other Comprehensive     Six months ended     Balance at  
(dollars in thousands)
 
1/1/2025
   
Reclassifications
   
Loss
   
6/30/2025
   
6/30/2025
 
 
                             
Net unrealized holding loss on securities available for
sale, net of tax
 
$
(21,713
)
 
6,284
     
-
    $
6,284
    $
(15,429
)
Net change in overfunded position in pension and
postretirement plans arising during the year, net of tax
   
21,266
     
-
     
-
     
-
     
21,266
 
Net change in net actuarial gain and prior service cost on
pension and postretirement benefit plans, net of tax
   
(3,414
)
   
-
     
(760
)
   
(760
)
   
(4,174
)
                                         
Accumulated other comprehensive income (loss), net of tax
 
$
(3,861
)
 
6,284
   
(760
)
  $
5,524
    $
1,663

 
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
   
Loss
   
6/30/2024
   
6/30/2024
 
                               
Net unrealized holding gain 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 credit 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
)
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, 2025 and 2024:

(dollars in thousands)
 
Three months ended
   
Six months ended
   
   
June 30,
   
June 30,
   
   
2025
   
2024
   
2025
   
2024
  Affected Line Item in Financial Statements
Amortization of pension and postretirement benefit items:
                       
Amortization of net actuarial gain
 
$
737
    $
202
   
$
1,034
    $
405
  Salaries and employee benefits
Amortization of prior service cost
   
(4
)
   
(3
)
   
(7
)
   
(6
)
Salaries and employee benefits
Income tax benefit
   
(192
)
   
(52
)
   
(267
)
   
(104
)
Income taxes
Net of tax
   
541
     
147
     
760
     
295
   
                                 
Total reclassifications, net of tax
 
$
541
    $
147
   
$
760
    $
295