Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2025

Equity [Abstract]

Activity in Other Comprehensive Income (Loss)

The following tables present the activity in other comprehensive income:

(Dollars in thousands)
Year ended December 31, 2025	Pre-tax Amounts	Income Tax (Expense) Benefit	Net of Tax
Available for Sale Debt Securities:
Changes in fair value of available for sale debt securities	$38,389	($9,693)	$28,696
Cash Flow Hedges:
Changes in fair value of cash flow hedges	(1,540)	383	(1,157)
Net cash flow hedge losses reclassified into earnings (1)	7,956	(2,003)	5,953
Net change in the fair value of cash flow hedges	6,416	(1,620)	4,796
Defined Benefit Plan Obligations:
Defined benefit plan obligation remeasurement	1,881	(408)	1,473
Amortization of net actuarial losses into earnings (2)	115	(29)	86
Pension plan settlement charge reclassified into earnings	6,436	(1,625)	4,811
Net change in defined benefit plan obligations	8,432	(2,062)	6,370
Total other comprehensive income	$53,237	($13,375)	$39,862

(1)See Note 9 for additional information on the pre-tax amounts related to cash flow hedges that were reclassified into earnings.

(2)See Note 16 for additional information on the pre-tax amounts related to defined benefit plans that were reclassified into earnings.

(Dollars in thousands)
Year ended December 31, 2024	Pre-tax Amounts	Income Tax (Expense) Benefit	Net of Tax
Available for Sale Debt Securities:
Changes in fair value of available for sale debt securities	($12,050)	$2,657	($9,393)
Net losses on securities reclassified into earnings	31,047	(7,502)	23,545
Net change in fair value of available for sale debt securities	18,997	(4,845)	14,152
Cash Flow Hedges:
Changes in fair value of cash flow hedges	3,506	(918)	2,588
Net cash flow hedge losses reclassified into earnings (1)	6,830	(1,737)	5,093
Net change in the fair value of cash flow hedges	10,336	(2,655)	7,681
Defined Benefit Plan Obligations:
Defined benefit plan obligation remeasurement	77	(19)	58
Amortization of net actuarial losses into earnings (2)	123	(32)	91
Net change in defined benefit plan obligations	200	(51)	149
Total other comprehensive income	$29,533	($7,551)	$21,982

(1)See Note 9 for additional information on the pre-tax amounts related to cash flow hedges that were reclassified into earnings.

(2)See Note 16 for additional information on the pre-tax amounts related to defined benefit plans that were reclassified into earnings.

(Dollars in thousands)
Year ended December 31, 2023	Pre-tax Amounts	Income Tax (Expense)Benefit	Net of Tax
Available for Sale Debt Securities:
Changes in fair value of available for sale debt securities	$20,163	($5,721)	$14,442
Cash Flow Hedges:
Changes in fair value of cash flow hedges	1,647	(346)	1,301
Net cash flow hedge losses reclassified into earnings (1)	7,563	(1,838)	5,725
Net change in the fair value of cash flow hedges	9,210	(2,184)	7,026
Defined Benefit Plan Obligations:
Defined benefit plan obligation remeasurement	(6,712)	1,712	(5,000)
Amortization of net actuarial losses into earnings (2)	237	(58)	179
Net change in defined benefit plan obligations	(6,475)	1,654	(4,821)
Total other comprehensive income	$22,898	($6,251)	$16,647

(1)See Note 9 for additional information on the pre-tax amounts related to cash flow hedges that were reclassified into earnings.

(2)See Note 16 for additional information on the pre-tax amounts related to defined benefit plans that were reclassified into earnings.

Changes in Components of Accumulated Other Comprehensive Income (Loss)

The following tables present the changes in AOCL by component, net of tax:

(Dollars in thousands)	Net Unrealized Losses on Available for Sale Debt Securities	Net Unrealized Losses on Cash Flow Hedges	Net Unrealized Losses on Defined Benefit Plan Obligations	Total
Balance at December 31, 2024	($102,439)	($7,938)	($8,794)	($119,171)
Other comprehensive income (loss) before reclassifications	28,696	(1,157)	1,473	29,012
Amounts reclassified from AOCL	—	5,953	4,897	10,850
Net other comprehensive income	28,696	4,796	6,370	39,862
Balance at December 31, 2025	($73,743)	($3,142)	($2,424)	($79,309)

(Dollars in thousands)	Net Unrealized Losses on Available for Sale Debt Securities	Net Unrealized Losses on Cash Flow Hedges	Net Unrealized Losses on Defined Benefit Plan Obligations	Total
Balance at December 31, 2023	($116,591)	($15,619)	($8,943)	($141,153)
Other comprehensive (loss) income before reclassifications	(9,393)	2,588	58	(6,747)
Amounts reclassified from AOCL	23,545	5,093	91	28,729
Net other comprehensive income	14,152	7,681	149	21,982
Balance at December 31, 2024	($102,439)	($7,938)	($8,794)	($119,171)

(Dollars in thousands)	Net Unrealized Losses on Available for Sale Debt Securities	Net Unrealized Losses on Cash Flow Hedges	Net Unrealized Losses on Defined Benefit Plan Obligations	Total
Balance at December 31, 2022	($131,033)	($22,645)	($4,122)	($157,800)
Other comprehensive income (loss) before reclassifications	14,442	1,301	(5,000)	10,743
Amounts reclassified from AOCL	—	5,725	179	5,904
Net other comprehensive income (loss)	14,442	7,026	(4,821)	16,647
Balance at December 31, 2023	($116,591)	($15,619)	($8,943)	($141,153)