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Stockholders’ Equity and Accumulated Other Comprehensive (Loss) Income
 3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
Stockholders’ Equity and Accumulated Other Comprehensive (Loss) Income Stockholders’ Equity and Accumulated Other Comprehensive (Loss) Income
Accumulated Other Comprehensive (Loss) Income
The following table summarizes the change in the components of the Company’s accumulated other comprehensive (loss) income for the three months ended March 31, 2024 and 2023:
Three Months Ended March 31, 2024
(in thousands)Unrealized Gains (Losses) on Securities (1)Unrecognized Net Pension and Postretirement Costs (2)Accumulated Other Comprehensive (Loss) Income
Balance at beginning of period$(21,461)$7,699 $(13,762)
Other comprehensive loss, before reclassifications
(2,804)(159)(2,963)
Amounts reclassified from accumulated other comprehensive (loss) income
— — — 
Current period other comprehensive loss, before tax(2,804)(159)(2,963)
Income tax benefit589 33 622 
Current period other comprehensive loss, net of tax(2,215)(126)(2,341)
Balance at end of period$(23,676)$7,573 $(16,103)
Three Months Ended March 31, 2023
(in thousands)Unrealized Gains (Losses) on Securities (1)Unrecognized Net Pension and Postretirement Costs (2)Accumulated Other Comprehensive (Loss) Income
Balance at beginning of period$(36,657)$4,943 $(31,714)
Other comprehensive income (loss), before reclassifications
5,713 (142)5,571 
Amounts reclassified from accumulated other comprehensive (loss) income
— — — 
Current period other comprehensive income (loss), before tax
5,713 (142)5,571 
Income tax (expense) benefit
(1,200)30 (1,170)
Current period other comprehensive income (loss), net of tax
4,513 (112)4,401 
Balance at end of period$(32,144)$4,831 $(27,313)
(1)The pre-tax amounts reclassified from accumulated other comprehensive (loss) income are included in investment securities gains (losses), net in the consolidated statements of income.
(2)The pre-tax amounts reclassified from accumulated other comprehensive (loss) income are included in the computation of net periodic pension cost.