Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2024

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

The components of accumulated other comprehensive income (loss) ("AOCI") for the Company for the periods shows were as follows:

($ in thousands)	June 30, 2024		December 31, 2023
Unrealized loss on securities available for sale	$	(410,088)	$	(400,720)
Deferred tax asset	94,935		92,767
Net unrealized loss on securities available for sale	(315,153)		(307,953)
Postretirement plans liability	(50)		(100)
Deferred tax asset	12		23
Net postretirement plans liability	(38)		(77)
Total accumulated other comprehensive loss	$	(315,191)	$	(308,030)

The following tables disclose the changes in AOCI for the three and six months ended June 30, 2024 and 2023 (all amounts are net of tax):

	For the Three Months Ended June 30, 2024
($ in thousands)	Unrealized Loss on Securities Available for Sale		Postretirement Plans Asset (Liability)		Total
Beginning balance	$	(321,915)	$	(58)	$	(321,973)
Other comprehensive income before reclassifications	6,619		—		6,619
Amounts reclassified from accumulated other comprehensive income	143		20		163
Net current period other comprehensive income	6,762		20		6,782
Ending balance	$	(315,153)	$	(38)	$	(315,191)
	For the Three Months Ended June 30, 2023
($ in thousands)	Unrealized Loss on Securities Available for Sale		Postretirement Plans Asset (Liability)		Total
Beginning balance	$	(314,109)	$	75	$	(314,034)
Other comprehensive loss before reclassifications	(24,142)		—		(24,142)
Amounts reclassified from accumulated other comprehensive income	—		34		34
Net current period other comprehensive (loss) income	(24,142)		34		(24,108)
Ending balance	$	(338,251)	$	109	$	(338,142)

	For the Six Months Ended June 30, 2024
($ in thousands)	Unrealized Loss on Securities Available for Sale		Postretirement Plans Asset (Liability)		Total
Beginning balance	$	(307,953)	$	(77)	$	(308,030)
Other comprehensive loss before reclassifications	(8,092)		—		(8,092)
Amounts reclassified from accumulated other comprehensive income	892		39		931
Net current-period other comprehensive (loss) income	(7,200)		39		(7,161)
Ending balance	$	(315,153)	$	(38)	$	(315,191)
	For the Six Months Ended June 30, 2023
($ in thousands)	Unrealized Loss on Securities Available for Sale		Postretirement Plans Asset (Liability)		Total
Beginning balance	$	(342,017)	$	42	$	(341,975)
Other comprehensive income before reclassifications	3,766		—		3,766
Amounts reclassified from accumulated other comprehensive income	—		67		67
Net current-period other comprehensive income	3,766		67		3,833
Ending balance	$	(338,251)	$	109	$	(338,142)

Amounts reclassified from AOCI for unrealized gain (loss) on securities available for sale represent realized securities gains or losses, net of tax effects. Amounts reclassified from AOCI for postretirement plans asset (liability) represent amortization of amounts included in AOCI, net of taxes, and are recorded in the "Other operating expenses" line item of the consolidated statements of income.