Comprehensive Income (Loss), Net of Tax

12 Months Ended

Dec. 31, 2023

Other Comprehensive Income (Loss), Net of Tax [Abstract]

Comprehensive Income (Loss), Net of Tax

COMPREHENSIVE INCOME (LOSS), NET OF TAX (Dollars In Thousands)

The following table presents the components of other comprehensive income (loss) for the years ended December 31, 2023, 2022 and 2021:

Schedule of Comprehensive Income (Loss)
	Before-Tax Amount		Tax (Benefit) Expense	Net-of-Tax Amount
2023
Net Unrealized Securities Holding Gains Arising During the Period	$	14,070	(3,629)	10,441
Reclassification Adjustment for Securities Losses Included in Net Income	9,097		(2,345)	6,752
Net Unrealized Gains on Cash Flow Swap	(3,908)		1,008	(2,900)
Reclassification of Net Unrealized Loss on Cash Flow Hedge Agreements	750		(193)	557
Net Retirement Plan Loss	2,354		(607)	1,747
Prior Service Cost	(526)		135	(391)
Amortization of Net Retirement Plan Actuarial Loss	(162)		43	(119)
Amortization of Net Retirement Plan Prior Service Cost	205		(53)	152
Other Comprehensive Income	$	21,880	(5,641)	16,239
2022
Net Unrealized Securities Holding Losses Arising During the Period	$	(64,774)	16,547	(48,227)
Net Unrealized Gains on Cash Flow Swap	3,467		(885)	2,582
Reclassification of Net Unrealized Loss on Cash Flow Hedge Agreements	204		(52)	152
Net Retirement Plan Loss	(6,938)		1,791	(5,147)
Settlement Cost	577		(149)	428
Amortization of Net Retirement Plan Actuarial Loss	56		(15)	41
Amortization of Net Retirement Plan Prior Service Cost	228		(59)	169
Other Comprehensive Loss	$	(67,180)	17,178	(50,002)
2021
Net Unrealized Securities Holding Losses Arising During the Period	$	(8,616)	2,203	(6,413)
Net Unrealized Gains on Cash Flow Swap	1,249		(320)	929
Reclassification of Net Unrealized Gain on Cash Flow Hedge Agreements	(126)		32	(94)
Net Retirement Plan Loss	8,733		(2,233)	6,500
Amortization of Net Retirement Plan Actuarial Loss	91		(23)	68
Amortization of Net Retirement Plan Prior Service Cost	232		(59)	173
Other Comprehensive Income	$	1,563	(400)	1,163

    The following table presents the changes in accumulated other comprehensive (loss) income by component:

Changes in Accumulated Other Comprehensive (Loss) Income by Component (1)
	Unrealized			Defined Benefit Plan Items
	Gains and		Unrealized
	Losses on		Gain On	Net	Net Prior
	Available-for-		Cash Flow	Actuarial	Service
	Sale Securities		Swap	Gain (Loss)	(Cost ) Credit	Total
For the Year-To-Date periods ended:
December 31, 2022	$	(48,841)	4,054	(4,467)	(401)	(49,655)
Other comprehensive income (loss) before reclassifications	10,441		(2,900)	1,747	(391)	8,897
Amounts reclassified from accumulated other comprehensive income (loss)	6,752		557	(119)	152	7,342
Net current-period other comprehensive income (loss)	17,193		(2,343)	1,628	(239)	16,239
December 31, 2023	$	(31,648)	1,711	(2,839)	(640)	(33,416)
December 31, 2021	$	(614)	1,320	639	(998)	347
Other comprehensive (loss) income before reclassifications	(48,227)		2,582	(5,147)	428	(50,364)
Amounts reclassified from accumulated other comprehensive income	—		152	41	169	362
Net current-period other comprehensive (loss) income	(48,227)		2,734	(5,106)	597	(50,002)
December 31, 2022	$	(48,841)	4,054	(4,467)	(401)	(49,655)
December 31, 2020	$	5,799	485	(5,929)	(1,171)	(816)
Other comprehensive (loss) income before reclassifications	(6,413)		929	6,500	—	1,016
Amounts reclassified from accumulated other comprehensive (loss) income	—		(94)	68	173	147
Net current-period other comprehensive (loss) income	(6,413)		835	6,568	173	1,163
December 31, 2021	$	(614)	1,320	639	(998)	347

(1) All amounts are net of tax. Amounts in parentheses indicate debits.

The following table presents the reclassifications out of accumulated other comprehensive income (loss)

Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (1)
	Amounts Reclassified
Details about Accumulated Other	from Accumulated Other			Affected Line Item in the Statement
Comprehensive Income (Loss) Components	Comprehensive Income (Loss)			Where Net Income Is Presented
For the Year-to-date periods ended:
December 31, 2023
Reclassification of unrealized gains and losses on available-for-sale securities	$	(9,097)		Net (Loss) Gain on Securities
Reclassification of net unrealized gain on cash flow hedge agreements	(750)			Interest Expense
Amortization of defined benefit pension items
Prior-service credit	(205)		(2)	Salaries and Employee Benefits
Actuarial Loss	162		(2)	Salaries and Employee Benefits
	(9,890)			Total before tax
	2,548			Provision for Income Taxes
Total reclassifications for the period	$	(7,342)		Net of tax
December 31, 2022
Reclassification of net unrealized gain on cash flow hedge agreements	(204)			Interest Expense
Amortization of defined benefit pension items
Prior-service credit	$	(228)	(2)	Salaries and Employee Benefits
Actuarial Loss	(56)		(2)	Salaries and Employee Benefits
	(488)			Total before tax
	126			Provision for Income Taxes
Total reclassifications for the period	$	(362)		Net of tax
December 31, 2021
Reclassification of net unrealized gain on cash flow hedge agreements	126			Interest Expense
Amortization of defined benefit pension items
Prior-service credit	$	(232)	(2)	Salaries and Employee Benefits
Actuarial Loss	(91)		(2)	Salaries and Employee Benefits
	(197)			Total before tax
	50			Provision for Income Taxes
Total reclassifications for the period	$	(147)		Net of tax

(1) Amounts in parentheses indicate debits to profit/loss.

(2) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see retirement benefit plans footnote for additional details).