Other Comprehensive Income

3 Months Ended

Mar. 31, 2025

(In Thousands)

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


	Pre-Tax		Tax Expense (Benefit)		Net of Tax
Three months ended March 31, 2025
Securities available for sale:
Unrealized holding gains on securities	$	26,687	$	6,717	$	19,970



Amortization of unrealized holding losses on securities transferred to the held to maturity category	3,044		779		2,265
Total securities available for sale	29,731		7,496		22,235
Derivative instruments:
Unrealized holding losses on derivative instruments	(1,777)		(455)		(1,322)

Total derivative instruments	(1,777)		(455)		(1,322)
Defined benefit pension and post-retirement benefit plans:


Amortization of net actuarial loss recognized in net periodic pension cost	99		25		74
Total defined benefit pension and post-retirement benefit plans	99		25		74
Total other comprehensive income	$	28,053	$	7,066	$	20,987
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)

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


	March 31, 2025		December 31, 2024
Unrealized losses on securities	$	(130,699)	$	(152,934)

Unrealized gains on derivative instruments	16,107		17,429
Unrecognized losses on defined benefit pension and post-retirement benefit plans obligations	(7,029)		(7,103)
Total accumulated other comprehensive loss	$	(121,621)	$	(142,608)