Accumulated Other Comprehensive (Loss) Income

12 Months Ended

Dec. 31, 2023

Accumulated Other Comprehensive (Loss) Income

Accumulated Other Comprehensive (Loss) Income

Note 15—Accumulated Other Comprehensive (Loss) Income

The changes in each component of accumulated other comprehensive (loss) income, net of tax, were as follows:

			Unrealized Gains and
	Benefit		(Losses) on Securities
(Dollars in thousands)	Plans		Available for Sale		Total
Balance at December 31, 2020	$	(151)	$	47,740	$	47,589
Other comprehensive income (loss) before reclassifications		75		(68,865)		(68,790)
Amounts reclassified from accumulated other comprehensive loss		133		(78)		55
Net comprehensive income (loss)		208		(68,943)		(68,735)
Balance at December 31, 2021		57		(21,203)		(21,146)
Other comprehensive loss before reclassifications		(838)		(655,189)		(656,027)
Amounts reclassified from accumulated other comprehensive loss		108		(23)		85
Net comprehensive loss		(730)		(655,212)		(655,942)
Balance at December 31, 2022		(673)		(676,415)		(677,088)
Other comprehensive income before reclassifications		1,086		93,285		94,371
Amounts reclassified from accumulated other comprehensive loss		214		(33)		181
Net comprehensive gain		1,300		93,252		94,552
Balance at December 31, 2023	$	627	$	(583,163)	$	(582,536)

The table below presents the reclassifications out of accumulated other comprehensive income, net of tax:

	Amount Reclassified from Accumulated
	Other Comprehensive Income (Loss)
(Dollars in thousands)	For the Years Ended December 31,
Accumulated Other Comprehensive Income (Loss) Component	2023		2022		2021		Income Statement Line Item Affected
Gains on sales of available for sale securities:
	$	(43)	$	(30)	$	(102)	Securities gains, net
		10		7		24	Provision for income taxes
		(33)		(23)		(78)	Net income
Losses and amortization of defined benefit pension:
Actuarial losses	$	285	$	143	$	174	Salaries and employee benefits
		(71)		(35)		(41)	Provision for income taxes
		214		108		133	Net income
Total reclassifications for the period	$	181	$	85	$	55