Other Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2026

The following table presents the activity in other comprehensive income:


Three months ended March 31,	2026			2025
(Dollars in thousands)	Pre-tax Amounts	Income Tax (Expense) Benefit	Net of Tax	Pre-tax Amounts	Income Tax (Expense) Benefit	Net of Tax
Available for Sale Debt Securities:
Change in fair value of available for sale debt securities	($1,779)	$445	($1,334)	$16,896	($4,266)	$12,630



Cash Flow Hedges:
Change in fair value of cash flow hedges	758	(190)	568	(1,130)	286	(844)
Net cash flow hedge losses reclassified into earnings (1)	2,161	(539)	1,622	1,923	(486)	1,437
Net change in fair value of cash flow hedges	2,919	(729)	2,190	793	(200)	593
Defined Benefit Plan Obligations:
Defined benefit plan obligation remeasurement	—	—	—	2,665	(728)	1,937
Pension plan settlement charge reclassified into earnings	—	—	—	6,436	(1,625)	4,811
Amortization of net actuarial losses into earnings	24	(6)	18	29	(8)	21
Net change in defined benefit plan obligations	24	(6)	18	9,130	(2,361)	6,769
Total other comprehensive income	$1,164	($290)	$874	$26,819	($6,827)	$19,992

(1)See Note 6 for additional information on pre-tax amounts related to cash flow hedges that were reclassified into earnings.

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
For the three months ended March 31, 2026
Balance at December 31, 2025	($73,743)	($3,142)	($2,424)	($79,309)
Other comprehensive (loss) income before reclassifications	(1,334)	568	—	(766)
Amounts reclassified from AOCL	—	1,622	18	1,640
Net other comprehensive (loss) income	(1,334)	2,190	18	874
Balance at March 31, 2026	($75,077)	($952)	($2,406)	($78,435)


(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
For the three months ended March 31, 2025
Balance at December 31, 2024	($102,439)	($7,938)	($8,794)	($119,171)
Other comprehensive income (loss) before reclassifications	12,630	(844)	1,937	13,723
Amounts reclassified from AOCL	—	1,437	4,832	6,269
Net other comprehensive income	12,630	593	6,769	19,992
Balance at March 31, 2025	($89,809)	($7,345)	($2,025)	($99,179)