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Change in Accumulated Other Comprehensive (Loss)
 12 Months Ended
Dec. 31, 2025
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Change in Accumulated Other Comprehensive Income (Loss)

NOTE 22. Change in Accumulated Other Comprehensive (Loss)

Accumulated other comprehensive (loss) includes unrealized gains and losses on available for sale securities and changes in benefit obligations and plan assets for the post retirement benefit plan. Changes to accumulated other comprehensive (loss) are presented net of tax as a component of equity. Reclassifications out of accumulated other comprehensive (loss) are recorded in the Consolidated Statements of Income either as a gain or loss.

Changes to accumulated other comprehensive (loss) by components are shown in the following tables for the years ended December 31, 2025 and 2024:

 

 

 

Twelve Months Ended

 

 

 

December 31,

 

 

 

2025

 

 

2024

 

 

 

Unrealized
Gains and
Losses on
Available
for Sale
Securities

 

 

 

Change in
Benefit
Obligations
and Plan
Assets
for the
Post
Retirement
Benefit
Plan

 

 

Total

 

 

Unrealized
Gains and
Losses on
Available
for Sale
Securities

 

 

 

Change in
Benefit
Obligations
and Plan
Assets for
the Post
Retirement
Benefit
Plan

 

 

Total

 

 

 

(dollars in thousands)

 

January 1

 

$

(18,645

)

 

 

$

5

 

 

$

(18,640

)

 

$

(18,020

)

 

 

$

14

 

 

$

(18,006

)

Other comprehensive income (loss) before reclassifications

 

 

29,371

 

 

 

 

(10

)

 

 

29,361

 

 

 

(791

)

 

 

 

(11

)

 

 

(802

)

Reclassifications of realized losses into earnings

 

 

(12,425

)

 

 

 

—

 

 

 

(12,425

)

 

 

—

 

 

 

 

—

 

 

 

—

 

Tax effect of current period changes

 

 

(3,558

)

 

 

 

2

 

 

 

(3,556

)

 

 

166

 

 

 

 

2

 

 

 

168

 

Current period changes net of taxes

 

 

13,388

 

 

 

 

(8

)

 

 

13,380

 

 

 

(625

)

 

 

 

(9

)

 

 

(634

)

December 31

 

$

(5,257

)

 

 

$

(3

)

 

$

(5,260

)

 

$

(18,645

)

 

 

$

5

 

 

$

(18,640

)

 

For the year ended December 31, 2025, the reclassification out of accumulated other comprehensive loss represents the realized loss on the sale of available for sale securities, which appears as loss on the sale of securities in the Consolidated Statements of Income. The tax benefit related to this reclassification was $2.6 million and was included in income tax expense in the Consolidated Statements of Income. For the year ended December 31, 2024, there were no reclassifications out of accumulated other comprehensive loss.