Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2024

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

Note 15 — Accumulated Other Comprehensive Income (Loss)

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

			Unrealized Losses
	Benefit		on Securities
(Dollars in thousands)	Plans		Available for Sale		Total
Three Months Ended September 30, 2024
Balance at June 30, 2024	$	627	$	(620,838)	$	(620,211)
Other comprehensive income before reclassifications		—		140,571		140,571
Net comprehensive income		—		140,571		140,571
Balance at September 30, 2024	$	627	$	(480,267)	$	(479,640)
Three Months Ended September 30, 2023
Balance at June 30, 2023	$	(673)	$	(661,725)	$	(662,398)
Other comprehensive loss before reclassifications		—		(153,491)		(153,491)
Net comprehensive loss		—		(153,491)		(153,491)
Balance at September 30, 2023	$	(673)	$	(815,216)	$	(815,889)
Nine Months Ended September 30, 2024
Balance at December 31, 2023	$	627	$	(583,163)	$	(582,536)
Other comprehensive income before reclassifications		—		102,896		102,896
Net comprehensive income		—		102,896		102,896
Balance at September 30, 2024	$	627	$	(480,267)	$	(479,640)
Nine Months Ended September 30, 2023
Balance at December 31, 2022	$	(673)	$	(676,415)	$	(677,088)
Other comprehensive loss before reclassifications		—		(138,768)		(138,768)
Amounts reclassified from accumulated other comprehensive loss		—		(33)		(33)
Net comprehensive loss		—		(138,801)		(138,801)
Balance at September 30, 2023	$	(673)	$	(815,216)	$	(815,889)

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

	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)
(Dollars in thousands)	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
Accumulated Other Comprehensive Income (Loss) Component	2024		2023		2024		2023		Income Statement Line Item Affected
Gains on sales of available for sale securities:
	$	—	$	—	$	—	$	(45)	Securities gains, net
		—		—		—		12	Provision for income taxes
		—		—		—		(33)	Net income
Total reclassifications for the period	$	—	$	—	$	—	$	(33)