ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

9 Months Ended

Sep. 30, 2024

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following tables summarize the changes within each classification of accumulated other comprehensive income (loss) for the three months ended September 30, 2024 and 2023, all shown net of tax:

(dollars in thousands)	Unrealized Gains and Losses on Available- for-Sales Securities		Defined Benefit Pension Items		Total
Balance at July 1, 2024	$	(169,746)	$	(712)	$	(170,458)
Other comprehensive income (loss) before reclassification	31,925		0		31,925
Amounts reclassified from accumulated other comprehensive income (loss)	385		12		397
Net current period other comprehensive income (loss)	32,310		12		32,322
Balance at September 30, 2024	$	(137,436)	$	(700)	$	(138,136)

(dollars in thousands)	Unrealized Gains and Losses on Available- for-Sales Securities		Defined Benefit Pension Items		Total
Balance at July 1, 2023	$	(176,898)	$	(747)	$	(177,645)
Other comprehensive income (loss) before reclassification	(50,900)		0		(50,900)
Amounts reclassified from accumulated other comprehensive income (loss)	423		11		434
Net current period other comprehensive income (loss)	(50,477)		11		(50,466)
Balance at September 30, 2023	$	(227,375)	$	(736)	$	(228,111)

The following tables summarize the changes within each classification of accumulated other comprehensive income (loss) for the nine months ended September 30, 2024 and 2023, all shown net of tax:

(dollars in thousands)	Unrealized Gains and Losses on Available- for-Sales Securities		Defined Benefit Pension Items		Total
Balance at January 1, 2024	$	(154,460)	$	(735)	$	(155,195)
Other comprehensive income (loss) before reclassification	15,825		0		15,825
Amounts reclassified from accumulated other comprehensive income (loss)	1,199		35		1,234
Net current period other comprehensive income (loss)	17,024		35		17,059
Balance at September 30, 2024	$	(137,436)	$	(700)	$	(138,136)

(dollars in thousands)	Unrealized Gains and Losses on Available- for-Sales Securities		Defined Benefit Pension Items		Total
Balance at January 1, 2023	$	(188,154)	$	(769)	$	(188,923)
Other comprehensive income (loss) before reclassification	(40,407)		0		(40,407)
Amounts reclassified from accumulated other comprehensive income (loss)	1,186		33		1,219
Net current period other comprehensive income (loss)	(39,221)		33		(39,188)
Balance at September 30, 2023	$	(227,375)	$	(736)	$	(228,111)

Reclassifications out of other accumulated other comprehensive income (loss) for the three months ended September 30, 2024 are as follows:

Details about Accumulated Other Comprehensive Income (Loss) Components	Amount Reclassified From Accumulated Other Comprehensive Income (Loss)		Affected Line Item in the Statement Where Net Income is Presented
(dollars in thousands)
Amortization of unrealized losses on held-to-maturity securities	$	(488)	Interest income
Realized gains and (losses) on available-for-sale securities	0		Net securities gains (losses)
Tax effect	103		Income tax expense
	(385)		Net of tax
Amortization of defined benefit pension items	(16)		Other expense
Tax effect	4		Income tax expense
	(12)		Net of tax
Total reclassifications for the period	$	(397)	Net income

Reclassifications out of other accumulated comprehensive income (loss) for the three months ended September 30, 2023 are as follows:

Details about Accumulated Other Comprehensive Income (Loss) Components	Amount Reclassified From Accumulated Other Comprehensive Income (Loss)		Affected Line Item in the Statement Where Net Income is Presented
(dollars in thousands)
Amortization of unrealized losses on held-to-maturity securities	$	(501)	Interest income
Realized gains and (losses) on available-for-sale securities	(35)		Net securities gains (losses)
Tax effect	113		Income tax expense
	(423)		Net of tax
Amortization of defined benefit pension items	(15)		Other expense
Tax effect	4		Income tax expense
	(11)		Net of tax
Total reclassifications for the period	$	(434)	Net income

Reclassifications out of accumulated comprehensive income (loss) for the nine months ended September 30, 2024 are as follows:

Details about Accumulated Other Comprehensive Income (Loss) Components	Amount Reclassified From Accumulated Other Comprehensive Income (Loss)		Affected Line Item in the Statement Where Net Income is Presented
(dollars in thousands)
Amortization of unrealized losses on held-to-maturity securities	$	(1,473)	Interest income
Realized gains and (losses) on available-for-sale securities	(46)		Net securities gains (losses)
Tax effect	320		Income tax expense
	(1,199)		Net of tax
Amortization of defined benefit pension items	(47)		Other expense
Tax effect	12		Income tax expense
	(35)		Net of tax
Total reclassifications for the period	$	(1,234)	Net income

Reclassifications out of accumulated other comprehensive income (loss) for the nine months ended September 30, 2023 are as follows:

Details about Accumulated Other Comprehensive Income (Loss) Components	Amount Reclassified From Accumulated Other Comprehensive Income (Loss)		Affected Line Item in the Statement Where Net Income is Presented
(dollars in thousands)
Amortization of unrealized losses on held-to-maturity securities	$	(1,486)	Interest income
Realized gains and (losses) on available-for-sale securities	(16)		Net securities gains (losses)
Tax effect	316		Income tax expense
	(1,186)		Net of tax
Amortization of defined benefit pension items	(45)		Other expense
Tax effect	12		Income tax expense
	(33)		Net of tax
Total reclassifications for the period	$	(1,219)	Net income