Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2024

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

Schedule of Comprehensive Income

The following table presents the components of other comprehensive income (loss) for the three and six month periods ended June 30, 2024 and 2023:

Schedule of Comprehensive Income (Loss)
	Three Months Ended June 30						Six Months Ended June 30
			Tax						Tax
	Before-Tax		(Expense)		Net-of-Tax		Before-Tax		Benefit		Net-of-Tax
	Amount		Benefit		Amount		Amount		(Expense)		Amount
2024
Net Unrealized Securities Holding Gain (Loss) on Securities Available-for-Sale Arising During the Period	$	1,014	$	(263)	$	751	$	(1,048)	$	269	$	(779)
Net Unrealized Gain on Cash Flow Swap	680		(175)		505		3,901		(1,006)		2,895
Reclassification of Net Unrealized Gain on Cash Flow Hedge Agreements to Interest Expense	(215)		56		(159)		(428)		111		(317)
Amortization of Net Retirement Plan Actuarial Gain	(91)		25		(66)		(157)		41		(116)
Amortization of Net Retirement Plan Prior Service Cost	68		(17)		51		137		(36)		101
Other Comprehensive Income	$	1,456	$	(374)	$	1,082	$	2,405	$	(621)	$	1,784
2023
Net Unrealized Securities Holding (Loss) Gain on Securities Available-for-Sale Arising During the Period	$	(5,186)	$	1,337	$	(3,849)	$	3,033	$	(783)	$	2,250
Net Unrealized Gain (Loss) on Cash Flow Swap	79		(20)		59		(721)		187		(534)
Reclassification of Net Unrealized Loss on Cash Flow Hedge Agreements to Interest Expense	220		(57)		163		418		(108)		310
Amortization of Net Retirement Plan Actuarial Gain	(56)		14		(42)		(81)		21		(60)
Amortization of Net Retirement Plan Prior Service Cost	51		(12)		39		103		(27)		76
Other Comprehensive (Loss) Income	$	(4,892)	$	1,262	$	(3,630)	$	2,752	$	(710)	$	2,042

Changes in Accumulated Other Comprehensive Income By Component

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 Loss on Available-for-Sale Securities		Unrealized Gain on Cash Flow Swap		Defined Benefit Plan Items				Total
					Net Actuarial Loss		Net Prior Service Cost
For the quarter-to-date periods ended:
March 31, 2024	$	(33,178)	$	3,943	$	(2,889)	$	(590)	$	(32,714)
Other comprehensive income or loss before reclassifications	751		505		—		—		1,256
Amounts reclassified from accumulated other comprehensive income or loss	—		(159)		(66)		51		(174)
Net current-period other comprehensive income or loss	751		346		(66)		51		1,082
June 30, 2024	$	(32,427)	$	4,289	$	(2,955)	$	(539)	$	(31,632)

March 31, 2023	$	(42,742)	$	3,608	$	(4,485)	$	(364)	$	(43,983)
Other comprehensive income or loss before reclassifications	(3,849)		59		—		—		(3,790)
Amounts reclassified from accumulated other comprehensive income or loss	—		163		(42)		39		160
Net current-period other comprehensive income or loss	(3,849)		222		(42)		39		(3,630)
June 30, 2023	$	(46,591)	$	3,830	$	(4,527)	$	(325)	$	(47,613)
For the Year-To-Date periods ended:
December 31, 2023	$	(31,648)	$	1,711	$	(2,839)	$	(640)	$	(33,416)
Other comprehensive income or loss before reclassifications	(779)		2,895		—		—		2,116
Amounts reclassified from accumulated other comprehensive income or loss	—		(317)		(116)		101		(332)
Net current-period other comprehensive income or loss	(779)		2,578		(116)		101		1,784
June 30, 2024	$	(32,427)	$	4,289	$	(2,955)	$	(539)	$	(31,632)
December 31, 2022	$	(48,841)	$	4,054	$	(4,467)	$	(401)	$	(49,655)
Other comprehensive income or loss before reclassifications	2,250		(534)		—		—		1,716
Amounts reclassified from accumulated other comprehensive income or loss	—		310		(60)		76		326
Net current-period other comprehensive income or loss	2,250		(224)		(60)		76		2,042
June 30, 2023	$	(46,591)	$	3,830	$	(4,527)	$	(325)	$	(47,613)

(1) All amounts are net of tax.

Reclassification out of Accumulated Other Comprehensive Income

The following table presents the reclassifications out of accumulated other comprehensive income or loss:

Reclassifications Out of Accumulated Other Comprehensive Income or Loss
Details about Accumulated Other Comprehensive Income or Loss Components	Amounts Reclassified from Accumulated Other Comprehensive Income or Loss			Affected Line Item in the Statement Where Net Income Is Presented
For the quarter-to-date periods ended:
June 30, 2024
Reclassification of Net Unrealized Gain on Cash Flow Hedge Agreements to Interest Expense	$	215		Interest expense
Amortization of defined benefit pension items:
Prior-service costs	(68)		(1)	Salaries and Employee Benefits
Actuarial gain	91		(1)	Salaries and Employee Benefits
	238			Total before Tax
	(64)			Provision for Income Taxes
Total reclassifications for the period	$	174		Net of Tax
June 30, 2023
Reclassification of Net Unrealized Loss on Cash Flow Hedge Agreements to Interest Expense	$	(220)		Interest expense
Amortization of defined benefit pension items:
Prior-service costs	$	(51)	(1)	Salaries and Employee Benefits
Actuarial gain	56		(1)	Salaries and Employee Benefits
	(215)			Total before Tax
	55			Provision for Income Taxes
Total reclassifications for the period	$	(160)		Net of Tax
For the Year-to-date periods ended:
June 30, 2024
Reclassification of Net Unrealized Gain on Cash Flow Hedge Agreements to Interest Expense	$	428		Interest expense
Amortization of defined benefit pension items:
Prior-service costs	(137)		(1)	Salaries and Employee Benefits
Actuarial gain	157		(1)	Salaries and Employee Benefits
	448			Total before Tax
	(116)			Provision for Income Taxes
Total reclassifications for the period	$	332		Net of Tax
June 30, 2023
Reclassification of Net Unrealized Gain on Cash Flow Hedge Agreements to Interest Expense	$	(418)		Interest expense
Amortization of defined benefit pension items:
Prior-service costs	(103)		(1)	Salaries and Employee Benefits
Actuarial gain	81		(1)	Salaries and Employee Benefits
	(440)			Total before Tax
	114			Provision for Income Taxes
Total reclassifications for the period	$	(326)		Net of Tax
(1) These accumulated other comprehensive gain or loss components are included in the computation of net periodic pension cost.