Accumulated Other Comprehensive Loss Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 31, 2024

Equity [Abstract]

Accumulated Other Comprehensive Loss

The activity in accumulated other comprehensive (loss) income is presented in the tables below (in thousands). The activity is shown net of tax, which is calculated using a combined Federal and state income tax rate approximating 23% for 2024 and 2023.

	Accumulated Other Comprehensive (Loss) Income
			Unrealized
			Gains (Losses) on
	Defined Benefit		Securities
	Pension Plans		Available-for-Sale		Total
Balance at December 31, 2022	$	(3,422)	$	(128,066)	$	(131,488)
Other comprehensive income (loss) before reclassifications, net of tax	841		16,366		17,207
Amounts reclassified from other comprehensive (loss) income, net of tax	—		3,742		3,742
	841		20,108		20,949
Balance at December 31, 2023	$	(2,581)	$	(107,958)	$	(110,539)
Other comprehensive income (loss) before reclassifications, net of tax	1,139		(8,482)		(7,343)
Amounts reclassified from other comprehensive (loss) income, net of tax	—		2,163		2,163
	1,139		(6,319)		(5,180)
Balance at December 31, 2024	$	(1,442)	$	(114,277)	$	(115,719)

	Amounts reclassified from Other Comprehensive (Loss) Income						Affected line item
	December 31,						in the Consolidated
	2024		2023		2022		Statements of Income
Securities available-for-sale:
Net securities losses (gains) reclassified into earnings	$	2,825	$	4,908	$	(4)	Net (losses) gains on sale of investment securities
Related income tax (benefit) expense	(662)		(1,166)		1		Income tax expense (benefit)
Net effect on accumulated other comprehensive (loss) income	$	2,163	$	3,742	$	(3)