Change in Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2024

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Change in Accumulated Other Comprehensive Loss

NOTE 10. 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 their tax effect 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 component are shown in the following table for the periods indicated:

	Three Months Ended
	September 30,
	2024								2023
	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)								(dollars in thousands)
June 30	$	(18,773	)	$	10	$	(18,763	)	$	(19,430	)	$	14	$	(19,416	)
Other comprehensive income (loss) before reclassifications		5,485			—		5,485			(5,237	)		—		(5,237	)
Tax effect of current period changes		(1,152	)		—		(1,152	)		1,100			—		1,100
Current period changes net of taxes		4,333			—		4,333			(4,137	)		—		(4,137	)
September 30	$	(14,440	)	$	10	$	(14,430	)	$	(23,567	)	$	14	$	(23,553	)

	Nine Months Ended
	September 30,
	2024									2023
	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)									(dollars in thousands)
January 1	$	(18,020	)	$	14		$	(18,006	)	$	(20,465	)	$	19		$	(20,446	)
Other comprehensive income (loss) before reclassifications		4,532			(5	)		4,527			(3,927	)		(8	)		(3,935	)
Tax effect of current period changes		(952	)		1			(951	)		825			3			828
Current period changes net of taxes		3,580			(4	)		3,576			(3,102	)		(5	)		(3,107	)
September 30	$	(14,440	)	$	10		$	(14,430	)	$	(23,567	)	$	14		$	(23,553	)

For the three and nine months ended September 30, 2024 and 2023, there were no reclassifications out of accumulated other comprehensive loss.