Comprehensive Income (Tables)

9 Months Ended

Sep. 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 nine month periods ended September 30, 2024 and 2023:

Schedule of Comprehensive Income (Loss)
	Three Months Ended September 30						Nine Months Ended September 30
			Tax						Tax
	Before-Tax		(Expense)		Net-of-Tax		Before-Tax		(Expense)		Net-of-Tax
	Amount		Benefit		Amount		Amount		Benefit		Amount
2024
Net Unrealized Securities Holding Gain on Securities Available-for-Sale Arising During the Period	$	12,505	$	(3,223)	$	9,282	$	11,457	$	(2,954)	$	8,503
Net Unrealized (Loss) on Cash Flow Swap	(4,667)		1,203		(3,464)		(766)		197		(569)
Reclassification of Net Unrealized (Loss) on Cash Flow Hedge Agreements to Interest Expense	(196)		50		(146)		(624)		161		(463)
Amortization of Net Retirement Plan Actuarial (Gain)	(78)		20		(58)		(235)		61		(174)
Amortization of Net Retirement Plan Prior Service Cost	67		(17)		50		204		(53)		151
Other Comprehensive Income	$	7,631	$	(1,967)	$	5,664	$	10,036	$	(2,588)	$	7,448
2023
Net Unrealized Securities Holding (Loss) on Securities Available-for-Sale Arising During the Period	$	(7,796)	$	2,010	$	(5,786)	$	(4,763)	$	1,227	$	(3,536)
Net Unrealized Gain on Cash Flow Swap	846		(221)		625		125		(34)		91
Reclassification of Net Unrealized Gain on Cash Flow Hedge Agreements to Interest Expense	242		(61)		181		660		(169)		491
Amortization of Net Retirement Plan Actuarial (Gain)	(40)		10		(30)		(121)		31		(90)
Amortization of Net Retirement Plan Prior Service Cost	51		(12)		39		154		(39)		115
Other Comprehensive (Loss)	$	(6,697)	$	1,726	$	(4,971)	$	(3,945)	$	1,016	$	(2,929)

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:
June 30, 2024	$	(32,427)	$	4,289	$	(2,955)	$	(539)	$	(31,632)
Other comprehensive income or loss before reclassifications	9,282		(3,464)		—		—		5,818
Amounts reclassified from accumulated other comprehensive income or loss	—		(146)		(58)		50		(154)
Net current-period other comprehensive income or loss	9,282		(3,610)		(58)		50		5,664
September 30, 2024	$	(23,145)	$	679	$	(3,013)	$	(489)	$	(25,968)

June 30, 2023	$	(46,591)	$	3,830	$	(4,527)	$	(325)	$	(47,613)
Other comprehensive income or loss before reclassifications	(5,786)		625		—		—		(5,161)
Amounts reclassified from accumulated other comprehensive income or loss	—		181		(30)		39		190
Net current-period other comprehensive income or loss	(5,786)		806		(30)		39		(4,971)
September 30, 2023	$	(52,377)	$	4,636	$	(4,557)	$	(286)	$	(52,584)
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	8,503		(569)		—		—		7,934
Amounts reclassified from accumulated other comprehensive income or loss	—		(463)		(174)		151		(486)
Net current-period other comprehensive income or loss	8,503		(1,032)		(174)		151		7,448
September 30, 2024	$	(23,145)	$	679	$	(3,013)	$	(489)	$	(25,968)
December 31, 2022	$	(48,841)	$	4,054	$	(4,467)	$	(401)	$	(49,655)
Other comprehensive income or loss before reclassifications	(3,536)		91		—		—		(3,445)
Amounts reclassified from accumulated other comprehensive income or loss	—		491		(90)		115		516
Net current-period other comprehensive income or loss	(3,536)		582		(90)		115		(2,929)
September 30, 2023	$	(52,377)	$	4,636	$	(4,557)	$	(286)	$	(52,584)

(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:
September 30, 2024
Reclassification of Net Unrealized Loss on Cash Flow Hedge Agreements to Interest Expense	$	196		Interest expense
Amortization of defined benefit pension items:
Prior-service costs	(67)		(1)	Salaries and Employee Benefits
Actuarial gain	78		(1)	Salaries and Employee Benefits
	207			Total before Tax
	(53)			Provision for Income Taxes
Total reclassifications for the period	$	154		Net of Tax
September 30, 2023
Reclassification of Net Unrealized (Gain) on Cash Flow Hedge Agreements to Interest Expense	$	(242)		Interest expense
Amortization of defined benefit pension items:
Prior-service costs	$	(51)	(1)	Salaries and Employee Benefits
Actuarial gain	40		(1)	Salaries and Employee Benefits
	(253)			Total before Tax
	63			Provision for Income Taxes
Total reclassifications for the period	$	(190)		Net of Tax
For the Year-to-date periods ended:
September 30, 2024
Reclassification of Net Unrealized Loss on Cash Flow Hedge Agreements to Interest Expense	$	624		Interest expense
Amortization of defined benefit pension items:
Prior-service costs	(204)		(1)	Salaries and Employee Benefits
Actuarial gain	235		(1)	Salaries and Employee Benefits
	655			Total before Tax
	(169)			Provision for Income Taxes
Total reclassifications for the period	$	486		Net of Tax
September 30, 2023
Reclassification of Net Unrealized (Gain) on Cash Flow Hedge Agreements to Interest Expense	$	(660)		Interest expense
Amortization of defined benefit pension items:
Prior-service costs	(154)		(1)	Salaries and Employee Benefits
Actuarial gain	121		(1)	Salaries and Employee Benefits
	(693)			Total before Tax
	177			Provision for Income Taxes
Total reclassifications for the period	$	(516)		Net of Tax
(1) These accumulated other comprehensive gain or loss components are included in the computation of net periodic pension cost.