Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2025

Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income

10.   Accumulated Other Comprehensive Income (Loss)

The following tables summarize the changes, net of tax, within each classification of accumulated other comprehensive income/(loss) for the three months ended March 31, 2025 and 2024.

	Unrealized
	gains and
	(Losses) on available-		2025
	for-sale		Retirement
(Dollar amounts in thousands)	Securities		plans		Total
Beginning balance, January 1,	$	(127,807)	$	(4,478)	$	(132,285)
Change in other comprehensive income (loss) before reclassification		11,100		—		11,100
Amounts reclassified from accumulated other comprehensive income		—		3		3
Net current period other comprehensive income (loss)		11,100		3		11,103
Ending balance, March 31,	$	(116,707)	$	(4,475)	$	(121,182)

	Unrealized
	gains and
	(Losses) on available-		2024
	for-sale		Retirement
(Dollar amounts in thousands)	Securities		plans		Total
Beginning balance, January 1,	$	(118,000)	$	(9,087)	$	(127,087)
Change in other comprehensive income (loss) before reclassification		(11,096)		—		(11,096)
Amounts reclassified from accumulated other comprehensive income		—		73		73
Net current period other comprehensive income (loss)		(11,096)		73		(11,023)
Ending balance, March 31,	$	(129,096)	$	(9,014)	$	(138,110)

	Balance at		Current Period		Balance at
(Dollar amounts in thousands)	1/1/2025		Change		3/31/2025
Unrealized gains (losses) on securities available-for-sale without other than temporary impairment	$	(129,979)	$	11,096	$	(118,883)
Unrealized gains (losses) on securities available-for-sale with other than temporary impairment		2,172		4		2,176
Total unrealized gain (loss) on securities available-for-sale	$	(127,807)	$	11,100	$	(116,707)
Unrealized gain (loss) on retirement plans		(4,478)		3		(4,475)
TOTAL	$	(132,285)	$	11,103	$	(121,182)

	Balance at		Current Period		Balance at
(Dollar amounts in thousands)	1/1/2024		Change		3/31/2024
Unrealized gains (losses) on securities available-for-sale without other than temporary impairment	$	(120,252)	$	(11,010)	$	(131,262)
Unrealized gains (losses) on securities available-for-sale with other than temporary impairment		2,252		(86)		2,166
Total unrealized income (loss) on securities available-for-sale	$	(118,000)	$	(11,096)	$	(129,096)
Unrealized gain (loss) on retirement plans		(9,087)		73		(9,014)
TOTAL	$	(127,087)	$	(11,023)	$	(138,110)

	Three Months Ended March 31, 2025
Details about accumulated	Amount reclassified from			Affected line item in
other comprehensive	accumulated other			the statement where
income components	comprehensive income			net income is presented
	(in thousands)
Unrealized gains and losses	$	—		Net securities gains (losses)
on available-for-sale		—		Income tax expense
securities	$	—		Net of tax
Amortization of	$	(4)	(a)	Salary and benefits
retirement plan items		1		Income tax expense
	$	(3)		Net of tax
Total reclassifications for the period	$	(3)		Net of tax

(a) Included in the computation of net periodic benefit cost. (see Footnote 8 for additional details).

	Three Months Ended March 31, 2024
Details about accumulated	Amount reclassified from			Affected line item in
other comprehensive	accumulated other			the statement where
income components	comprehensive income			net income is presented
	(in thousands)
Unrealized gains and losses	$	—		Net securities gains (losses)
on available-for-sale		—		Income tax expense
securities	$	—		Net of tax
Amortization of	$	(97)	(a)	Salary and benefits
retirement plan items		24		Income tax expense
	$	(73)		Net of tax
Total reclassifications for the period	$	(73)		Net of tax

(a) Included in the computation of net periodic benefit cost. (see Footnote 8 for additional details).