Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2024

Equity [Abstract]

Schedule of Changes in the Components of Other Comprehensive Income (Loss)

Changes in the components of other comprehensive income (loss), net of tax, were as follows for the periods presented:

	Pre-Tax		Tax Expense (Benefit)		Net of Tax
Three months ended March 31, 2024
Securities available for sale:
Unrealized holding losses on securities	$	(6,192)	$	(1,558)	$	(4,634)
Amortization of unrealized holding losses on securities transferred to the held to maturity category	3,275		837		2,438
Total securities available for sale	(2,917)		(721)		(2,196)
Derivative instruments:
Unrealized holding losses on derivative instruments	(765)		(195)		(570)
Total derivative instruments	(765)		(195)		(570)
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	106		27		79
Total defined benefit pension and post-retirement benefit plans	106		27		79
Total other comprehensive loss	$	(3,576)	$	(889)	$	(2,687)
Three months ended March 31, 2023
Securities available for sale:
Unrealized holding gains on securities	$	20,714	$	5,183	$	15,531
Amortization of unrealized holding losses on securities transferred to the held to maturity category	3,128		800		2,328
Total securities available for sale	23,842		5,983		17,859
Derivative instruments:
Unrealized holding losses on derivative instruments	(1,656)		(424)		(1,232)
Total derivative instruments	(1,656)		(424)		(1,232)
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	116		30		86
Total defined benefit pension and post-retirement benefit plans	116		30		86
Total other comprehensive income	$	22,302	$	5,589	$	16,713

Schedule of Accumulated Balances for Each Component of Other Comprehensive Income (Loss), Net of Tax

The accumulated balances for each component of other comprehensive loss, net of tax, were as follows as of the dates presented:

	March 31, 2024		December 31, 2023
Unrealized losses on securities	$	(165,680)	$	(163,484)
Unrealized gains on derivative instruments	16,481		17,051
Unrecognized losses on defined benefit pension and post-retirement benefit plans obligations	(7,744)		(7,823)
Total accumulated other comprehensive loss	$	(156,943)	$	(154,256)