Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2026

The before and after-tax amounts allocated to each component of other comprehensive income (loss) are presented in the following table. Reclassification adjustments related to securities available for sale are included in net gain (loss) on securities transactions in the accompanying consolidated statements of income. Reclassification adjustments related to defined-benefit post-retirement benefit plans are included in the computation of net periodic pension expense (see Note 11 – Defined Benefit Plans).


	Three Months Ended June 30, 2026						Three Months Ended June 30, 2025
	Before Tax Amount		Tax Expense, (Benefit)		Net of Tax Amount		Before Tax Amount		Tax Expense, (Benefit)		Net of Tax Amount
Securities available for sale and transferred securities:
Change in net unrealized gain/loss during the period	$	90,742	$	19,056	$	71,686	$	(14,563)	$	(3,058)	$	(11,505)
Change in net unrealized gain on securities transferred to held to maturity	—		—		—		—		—		—
Reclassification adjustment for net (gains) losses included in net income	—		—		—		—		—		—
Total securities available for sale and transferred securities	90,742		19,056		71,686		(14,563)		(3,058)		(11,505)
Defined-benefit post-retirement benefit plans:

Reclassification adjustment for net amortization of actuarial gain/loss included in net income as a component of net periodic cost (benefit)	209		44		165		309		65		244
Total defined-benefit post-retirement benefit plans	209		44		165		309		65		244
Total other comprehensive income (loss)	$	90,951	$	19,100	$	71,851	$	(14,254)	$	(2,993)	$	(11,261)

	Six Months Ended June 30, 2026						Six Months Ended June 30, 2025
	Before Tax Amount		Tax Expense, (Benefit)		Net of Tax Amount		Before Tax Amount		Tax Expense, (Benefit)		Net of Tax Amount
Securities available for sale and transferred securities:
Change in net unrealized gain/loss during the period	$	(11,441)	$	(2,402)	$	(9,039)	$	141,069	$	29,625	$	111,444
Change in net unrealized gain on securities transferred to held to maturity	—		—		—		(521)		(109)		(412)
Reclassification adjustment for net (gains) losses included in net income	—		—		—		14		3		11
Total securities available for sale and transferred securities	(11,441)		(2,402)		(9,039)		140,562		29,519		111,043
Defined-benefit post-retirement benefit plans:
Reclassification adjustment for net amortization of actuarial gain/loss included in net income as a component of net periodic cost (benefit)	418		88		330		619		130		489
Total defined-benefit post-retirement benefit plans	418		88		330		619		130		489
Total other comprehensive income (loss)	$	(11,023)	$	(2,314)	$	(8,709)	$	141,181	$	29,649	$	111,532

Schedule of Accumulated Other Comprehensive Income (Loss)

Activity in accumulated other comprehensive income (loss), net of tax, was as follows:


	Securities Available For Sale		Defined Benefit Plans		Accumulated Other Comprehensive Income
Balance at January 1, 2026	$	(824,069)	$	(18,882)	$	(842,951)
Other comprehensive income (loss) before reclassifications	(9,039)		—		(9,039)
Reclassification of amounts included in net income	—		330		330
Net other comprehensive income (loss) during period	(9,039)		330		(8,709)
Balance at June 30, 2026	$	(833,108)	$	(18,552)	$	(851,660)

Balance at January 1, 2025	$	(1,230,828)	$	(21,176)	$	(1,252,004)
Other comprehensive income (loss) before reclassifications	111,032		—		111,032
Reclassification of amounts included in net income	11		489		500
Net other comprehensive income (loss) during period	111,043		489		111,532

Balance at June 30, 2025	$	(1,119,785)	$	(20,687)	$	(1,140,472)