Accumulated Other Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2025

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

Components of Other Comprehensive Income

The following table presents the components of other comprehensive income for the three months ended March 31, 2025 and 2024:

(dollars in thousands)	Before Tax			Tax Effect			Net of Tax
Three Months Ended March 31, 2025
Net Unrealized Gains on Investment Securities:
Net Unrealized Gains Arising During the Period	$	27,992		$	7,417		$	20,575
Amounts Reclassified from Accumulated Other Comprehensive Income that Decrease Net Income:
Amortization of Unrealized Holding Losses on Held-to-Maturity Securities		5,694			1,509			4,185
Net Unrealized Gains on Investment Securities		33,686			8,926			24,760
Defined Benefit Plans:
Amortization of Net Actuarial Losses		378			100			278
Amortization of Prior Service Credit		(61	)		(15	)		(46	)
Defined Benefit Plans, Net		317			85			232
Other Comprehensive Income	$	34,003		$	9,011		$	24,992
Three Months Ended March 31, 2024
Net Unrealized Gains on Investment Securities:
Net Unrealized Gains Arising During the Period	$	11,404		$	3,024		$	8,380
Amounts Reclassified from Accumulated Other Comprehensive Income that Decrease Net Income:
Amortization of Unrealized Holding Losses on Held-to-Maturity Securities		6,202			1,644			4,558
Net Unrealized Gains on Investment Securities		17,606			4,668			12,938
Defined Benefit Plans:
Amortization of Net Actuarial Losses		291			77			214
Amortization of Prior Service Credit		(61	)		(16	)		(45	)
Defined Benefit Plans, Net		230			61			169
Other Comprehensive Income	$	17,836		$	4,729		$	13,107

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table presents the changes in each component of accumulated other comprehensive income (loss), net of tax, for the three months ended March 31, 2025 and 2024:

(dollars in thousands)	Investment Securities- Available-for-Sale			Investment Securities- Held-to-Maturity			Defined Benefit Plans			Accumulated Other Comprehensive Income (Loss)
Three Months Ended March 31, 2025
Balance at Beginning of Period	$	(189,230	)	$	(130,763	)	$	(23,396	)	$	(343,389	)
Other Comprehensive Income Before Reclassifications		20,575			—			—			20,575
Amounts Reclassified from Accumulated Other Comprehensive Income		—			4,185			232			4,417
Total Other Comprehensive Income		20,575			4,185			232			24,992
Balance at End of Period	$	(168,655	)	$	(126,578	)	$	(23,164	)	$	(318,397	)
Three Months Ended March 31, 2024
Balance at Beginning of Period	$	(224,407	)	$	(149,021	)	$	(23,260	)	$	(396,688	)
Other Comprehensive Income Before Reclassifications		8,380			—			—			8,380
Amounts Reclassified from Accumulated Other Comprehensive Income		—			4,558			169			4,727
Total Other Comprehensive Income		8,380			4,558			169			13,107
Balance at End of Period	$	(216,027	)	$	(144,463	)	$	(23,091	)	$	(383,581	)

Reclassification out of Accumulated Other Comprehensive Income

The following table presents the amounts reclassified out of each component of accumulated other comprehensive income (loss) for the three months ended March 31, 2025 and 2024:

Details about Accumulated Other Comprehensive Income (Loss) Components	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)1						Affected Line Item in the Statement Where Net Income Is Presented
	Three Months Ended March 31,
(dollars in thousands)	2025			2024
Amortization of Unrealized Holding Losses on Investment Securities Held-to-Maturity	$	(5,694	)	$	(6,202	)	Interest Income
		1,509			1,644		Provision for Income Tax
		(4,185	)		(4,558	)	Net of Tax
Amortization of Defined Benefit Plan Items
Prior Service Credit 2		61			61
Net Actuarial Losses 2		(378	)		(291	)
		(317	)		(230	)	Total Before Tax
		85			61		Provision for Income Tax
		(232	)		(169	)	Net of Tax
Total Reclassifications for the Period	$	(4,417	)	$	(4,727	)	Net of Tax

1.Amounts in parentheses indicate reductions to net income.

2.These accumulated other comprehensive income (loss) components are included in the computation of net periodic benefit cost and are included in other noninterest expense in the unaudited consolidated statements of income.