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Other Comprehensive Income (Loss)
9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
Other Comprehensive Income (Loss) Other Comprehensive Income (Loss)
The following tables present the activity in other comprehensive income (loss):
Three months ended September 30, 20242023
(Dollars in thousands)Pre-tax AmountsIncome Tax ExpenseNet of TaxPre-tax AmountsIncome Tax Benefit (Expense)Net of Tax
Available for Sale Debt Securities:
Change in fair value of available for sale debt securities$40,608 ($10,354)$30,254 ($43,139)$10,354 ($32,785)
Cash Flow Hedges:
Change in fair value of cash flow hedges(3,164)806 (2,358)2,196 (527)1,669 
Net cash flow hedge losses reclassified into earnings1,677 (427)1,250 1,533 (369)1,164 
Net change in fair value of cash flow hedges(1,487)379 (1,108)3,729 (896)2,833 
Defined Benefit Plan Obligations:
Amortization of net actuarial losses31 (9)22 59 (14)45 
Total other comprehensive income (loss)$39,152 ($9,984)$29,168 ($39,351)$9,444 ($29,907)
Nine months ended September 30, 20242023
(Dollars in thousands)Pre-tax AmountsIncome Tax Benefit (Expense)Net of TaxPre-tax AmountsIncome Tax ExpenseNet of Tax
Securities available for sale:
Change in fair value of available for sale debt securities$26,866 ($6,851)$20,015 ($38,703)$9,289 ($29,414)
Cash flow hedges:
Change in fair value of cash flow hedges
283 (73)210 4,938 (1,185)3,753 
Net cash flow hedge losses reclassified into earnings4,966 (1,264)3,702 6,043 (1,451)4,592 
Net change in fair value of cash flow hedges5,249 (1,337)3,912 10,981 (2,636)8,345 
Defined benefit plan obligations:
Amortization of net actuarial losses92 (24)68 178 (43)135 
Total other comprehensive income (loss)$32,207 ($8,212)$23,995 ($27,544)$6,610 ($20,934)

The following tables present the changes in AOCL by component, net of tax:
(Dollars in thousands)Net Unrealized Losses on Available For Sale Debt SecuritiesNet Unrealized Losses on Cash Flow HedgesNet Unrealized Losses on Defined Benefit Plan ObligationsTotal
For the three months ended September 30, 2024
Balance at June 30, 2024($126,830)($10,599)($8,897)($146,326)
Other comprehensive income (loss) before reclassifications30,254 (2,358)— 27,896 
Amounts reclassified from AOCL
— 1,250 22 1,272 
Net other comprehensive income (loss)30,254 (1,108)22 29,168 
Balance at September 30, 2024($96,576)($11,707)($8,875)($117,158)

(Dollars in thousands)Net Unrealized Losses on Available For Sale Debt SecuritiesNet Unrealized Losses on Cash Flow HedgesNet Unrealized Losses on Defined Benefit Plan ObligationsTotal
For the nine months ended September 30, 2024
Balance at December 31, 2023($116,591)($15,619)($8,943)($141,153)
Other comprehensive income before reclassifications20,015 210 — 20,225 
Amounts reclassified from AOCL
— 3,702 68 3,770 
Net other comprehensive income20,015 3,912 68 23,995 
Balance at September 30, 2024($96,576)($11,707)($8,875)($117,158)

(Dollars in thousands)Net Unrealized Losses on Available For Sale Debt SecuritiesNet Unrealized Losses on Cash Flow HedgesNet Unrealized Losses on Defined Benefit Plan Obligations Total
For the three months ended September 30, 2023
Balance at June 30, 2023($127,662)($17,133)($4,032)($148,827)
Other comprehensive (loss) income before reclassifications(32,785)1,669 — (31,116)
Amounts reclassified from AOCL
— 1,164 45 1,209 
Net other comprehensive (loss) income(32,785)2,833 45 (29,907)
Balance at September 30, 2023($160,447)($14,300)($3,987)($178,734)
(Dollars in thousands)Net Unrealized Losses on Available For Sale Debt SecuritiesNet Unrealized Losses on Cash Flow HedgesNet Unrealized Losses on Defined Benefit Plan ObligationsTotal
For the nine months ended September 30, 2023
Balance at December 31, 2022($131,033)($22,645)($4,122)($157,800)
Other comprehensive (loss) income before reclassifications(29,414)3,753 — (25,661)
Amounts reclassified from AOCL
— 4,592 135 4,727 
Net other comprehensive (loss) income(29,414)8,345 135 (20,934)
Balance at September 30, 2023($160,447)($14,300)($3,987)($178,734)