Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

Mar. 31, 2025

Accumulated Other Comprehensive Loss

Schedule of Accumulated Other Comprehensive Loss

	Investment
	securities-
	with credit		Investment
	related		securities-		Investment
	impairment		all other		securities-		Cash Flow		Pension
(in thousands)	AFS		AFS		HTM		Hedge		Plan		SERP		Total
Accumulated OCL, net:
Balance - January 1, 2025		(2,592)		(13,792)		(4,696)		372		(9,723)		183		(30,248)
Other comprehensive income/(loss) before reclassifications		6		1,357		—		(85)		(1,562)		—		(284)
Amounts reclassified from accumulated other comprehensive income		(37)		—		113		—		97		—		173
Balance - March 31, 2025	$	(2,623)	$	(12,435)	$	(4,583)	$	287	$	(11,188)	$	183	$	(30,359)
	Investment
	securities-
	with credit		Investment
	related		securities-		Investment
	impairment		all other		securities-		Cash Flow		Pension
(in thousands)	AFS		AFS		HTM		Hedge		Plan		SERP		Total
Balance - January 1, 2024	$	(2,482)	$	(13,217)	$	(5,201)	$	569	$	(14,263)	$	(1,233)	$	(35,827)
Other comprehensive income/(loss) before reclassifications		155		(459)		—		54		1,096		—		846
Amounts reclassified from accumulated other comprehensive income		(37)		—		118		—		149		29		259
Balance - March 31, 2024	$	(2,364)	$	(13,676)	$	(5,083)	$	623	$	(13,018)	$	(1,204)	$	(34,722)

Components of Comprehensive Income

	Before		Tax
Components of Other Comprehensive Loss	Tax		(Expense)
(in thousands)	Amount		Benefit		Net
For the three months ended March 31, 2025
Available for sale (AFS) securities with credit related impairment:
Unrealized holding gains	$	8	$	(2)	$	6
Less: accretable yield recognized in income		50		(13)		37
Net unrealized loss on investments with credit related impairment		(42)		11		(31)
Available for sale securities – all other:
Unrealized holding gains		1,849		(492)		1,357
Held to maturity securities:
Unrealized holding gains on securities transferred to held to maturity		—		—		—
Less: amortization recognized in income		(154)		41		(113)
Net unrealized gains on HTM securities		154		(41)		113
Cash flow hedges:
Unrealized holding losses		(108)		23		(85)
Pension Plan:
Unrealized net actuarial losses		(2,128)		566		(1,562)
Less: amortization of unrecognized gains		(132)		35		(97)
Net pension plan asset adjustment		(1,996)		531		(1,465)
Other comprehensive loss	$	(143)	$	32	$	(111)

	Before		Tax
Components of Other Comprehensive Income	Tax		(Expense)
(in thousands)	Amount		Benefit		Net
For the three months ended March 31, 2024
Available for sale (AFS) securities with credit related impairment:
Unrealized holding gains	$	210	$	(55)	$	155
Less: accretable yield recognized in income		50		(13)		37
Net unrealized gains on investments with credit related impairment		160		(42)		118
Available for sale securities – all other:
Unrealized holding losses		(623)		164		(459)
Held to maturity securities:
Unrealized holding gains on securities transferred to held to maturity		—		—		—
Less: amortization recognized in income		(160)		42		(118)
Net unrealized gains on HTM securities		160		(42)		118
Cash flow hedges:
Unrealized holding gains		73		(19)		54
Pension Plan:
Unrealized net actuarial gains		1,489		(393)		1,096
Less: amortization of unrecognized losses		(203)		54		(149)
Net pension plan asset adjustment		1,692		(447)		1,245
SERP:
Unrealized net actuarial gains		—		—		—
Less: amortization of unrecognized gains		(39)		10		(29)
Net SERP liability adjustment		39		(10)		29
Other comprehensive income	$	1,501	$	(396)	$	1,105

Reclassification out of Accumulated Other Comprehensive Income

The following table presents the details of amounts reclassified from accumulated other comprehensive (loss)/income for the three-month periods ended March 31, 2025 and 2024:

	Amounts Reclassified from
		Accumulated Other
Details of Accumulated Other Comprehensive Loss		Comprehensive Loss
Components	Three Months Ended		Affected Line Item in the Statement
(in thousands)	March 31, 2025		Where Net Income is Presented
Net unrealized gains on available for sale investment securities with credit related impairment:
Accretable yield	$	50	Interest income on taxable investment securities
Taxes		(13)	Credit for income tax expense
	$	37	Net of tax
Net unrealized losses on held to maturity securities:
Amortization	$	(154)	Interest income on taxable investment securities
Taxes		41	Provision for income tax expense
	$	(113)	Net of tax
Net pension plan asset adjustment:
Amortization of unrecognized losses	$	(132)	Other Expense
Taxes		35	Provision for income tax expense
	$	(97)	Net of tax
Total reclassifications for the period	$	(173)	Net of tax

	Amounts Reclassified from
		Accumulated Other
Details of Accumulated Other Comprehensive Income		Comprehensive Income
Components	Three Months Ended March 31,		Affected Line Item in the Statement
(in thousands)	March 31, 2024		Where Net Income is Presented
Net unrealized gains on available for sale investment securities with credit related impairment:
Accretable yield	$	50	Interest income on taxable investment securities
Taxes		(13)	Credit for income tax expense
	$	37	Net of tax
Net unrealized losses on held to maturity securities:
Amortization	$	(160)	Interest income on taxable investment securities
Taxes		42	Provision for income tax expense
	$	(118)	Net of tax
Net pension plan asset adjustment:
Amortization of unrecognized losses	$	(203)	Other Expense
Taxes		54	Provision for income tax expense
	$	(149)	Net of tax
Net SERP liability adjustment:
Amortization of unrecognized gains	$	(39)	Other Expense
Taxes		10	Provision/(credit) for income tax expense
	$	(29)	Net of tax
Total reclassifications for the period	$	(259)	Net of tax