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Note 20 - Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2025

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

NOTE 20 Other Comprehensive Income (Loss)

The following tables present a reconciliation of the changes in the components of other comprehensive income and loss for the periods indicated, including the amount of tax (expense) benefit allocated to each component:

		*For the three months ended*
		*September 30, 2025*												*September 30, 2024*
						*Tax*												*Tax*
		*Pre-Tax*				*(Expense)*				*After-Tax*				*Pre-Tax*				*(Expense)*				*After-Tax*
(dollars in thousands)		*Amount*				*Benefit*				*Amount*				*Amount*				*Benefit*				*Amount*
Debt Securities:
Change in fair value		$	7,440			$	(1,868	)		$	5,572			$	19,497			$	(4,894	)		$	14,603
Less: reclassification adjustment from amortization of securities transferred from AFS to HTM ⁽¹⁾			39				(10	)			29				66				(16	)			50
Less: reclassification adjustment for net realized losses ⁽²⁾			—				—				—				—				—				—
Net change			7,401				(1,858	)			5,543				19,431				(4,878	)			14,553
Cash Flow Hedges:
Change in fair value			77				(19	)			58				(616	)			706				90
Less: reclassified AOCI gain (loss) into interest expense ⁽³⁾			—				—				—				253				(64	)			189
Net change			77				(19	)			58				(869	)			770				(99	)
Other Derivatives:
Change in fair value			(123	)			31				(92	)			(3,068	)			219				(2,849	)
Less: reclassified AOCI gain (loss) into interest expense ⁽⁴⁾			—				—				—				—				—				—
Net change			(123	)			31				(92	)			(3,068	)			219				(2,849	)
Other comprehensive income (loss)		$	7,355			$	(1,846	)		$	5,509			$	15,494			$	(3,889	)		$	11,605

(1)	Reclassified into taxable and/or exempt from federal income taxes interest income on investment securities on the consolidated statements of income. Refer to “NOTE 3 Investment Securities” for further details.

(2)	Reclassified into net gains (losses) on investment securities in the consolidated statements of income. Refer to “NOTE 3 Investment Securities” for further details.

(3)	Reclassified into interest expense on short-term borrowings on the consolidated statements of income. Refer to “NOTE 18 Derivative Instruments” for further details.

(4)	Reclassified into interest income on loans, including fees and/or interest income on taxable investment securities on the consolidated statements of income. Refer to “NOTE 18 Derivative Instruments” for further details.

		*For the nine months ended*
		*September 30, 2025*												*September 30, 2024*
						*Tax*												*Tax*
		*Pre-Tax*				*(Expense)*				*After-Tax*				*Pre-Tax*				*(Expense)*				*After-Tax*
(dollars in thousands)		*Amount*				*Benefit*				*Amount*				*Amount*				*Benefit*				*Amount*
Debt Securities:
Change in fair value		$	26,294			$	(6,600	)		$	19,694			$	14,899			$	(3,740	)		$	11,159
Less: reclassification adjustment from amortization of securities transferred from AFS to HTM ⁽¹⁾			133				(33	)			100				207				(52	)			155
Less: reclassification adjustment for net realized losses ⁽²⁾			—				—				—				—				—				—
Net change			26,161				(6,567	)			19,594				14,692				(3,688	)			11,004
Cash Flow Hedges:
Change in fair value			(532	)			134				(398	)			625				22				647
Less: reclassified AOCI gain (loss) into interest expense ⁽³⁾			(22	)			6				(16	)			785				(197	)			588
Net change			(510	)			128				(382	)			(160	)			219				59
Other Derivatives:
Change in fair value			(246	)			62				(184	)			(872	)			40				(832	)
Less: reclassified AOCI gain (loss) into interest expense ⁽⁴⁾			—				—				—				—				—				—
Net change			(246	)			62				(184	)			(872	)			40				(832	)
Other comprehensive income (loss)		$	25,405			$	(6,377	)		$	19,028			$	13,660			$	(3,429	)		$	10,231

(1)	Reclassified into taxable and/or exempt from federal income taxes interest income on investment securities on the consolidated statements of income. Refer to “NOTE 3 Investment Securities” for further details.

(2)	Reclassified into net gains (losses) on investment securities in the consolidated statements of income. Refer to “NOTE 3 Investment Securities” for further details.

(3)	Reclassified into interest expense on short-term borrowings on the consolidated statements of income. Refer to “NOTE 18 Derivative Instruments” for further details.

(4)	Reclassified into interest income on loans, including fees and/or interest income on taxable investment securities on the consolidated statements of income. Refer to “NOTE 18 Derivative Instruments” for further details.

						*Net Unrealized*				*Net Unrealized*
		*Net Unrealized*				*Gains (Losses) on*				*Gains (Losses)*
		*Gains (Losses) on*				*Cash Flow*				*on Other*
(dollars in thousands)		Debt Securities ⁽¹⁾				Hedges ⁽¹⁾				Derivatives ⁽¹⁾				AOCI ⁽¹⁾
*For the Three Months Ended September 30, 2025*
Balance at June 30, 2025		$	(59,673	)		$	(113	)		$	(61	)		$	(59,847	)
Other comprehensive income (loss) before reclassifications			5,572				58				(92	)			5,538
Less: Amounts reclassified from AOCI			29				—				—				29
Other comprehensive income (loss)			5,543				58				(92	)			5,509
Balance at September 30, 2025		$	(54,130	)			(55	)			(153	)			(54,338	)

*For the Three Months Ended September 30, 2024*
Balance at June 30, 2024		$	(76,707	)		$	(79	)		$	1,757			$	(75,029	)
Other comprehensive income (loss) before reclassifications			14,603				90				(2,849	)			11,844
Less: Amounts reclassified from AOCI			50				189				—				239
Other comprehensive income (loss)			14,553				(99	)			(2,849	)			11,605
Balance at September 30, 2024		$	(62,154	)			(178	)			(1,092	)			(63,424	)

*For the Nine Months Ended September 30, 2025*
Balance at December 31, 2024		$	(73,724	)		$	327			$	31			$	(73,366	)
Other comprehensive income (loss) before reclassifications			19,694				(398	)			(184	)			19,112
Less: Amounts reclassified from AOCI			100				(16	)			—				84
Other comprehensive income (loss)			19,594				(382	)			(184	)			19,028
Balance at September 30, 2025		$	(54,130	)			(55	)			(153	)			(54,338	)

*For the Nine Months Ended September 30, 2024*
Balance at December 31, 2023		$	(73,158	)		$	(237	)		$	(260	)		$	(73,655	)
Other comprehensive income (loss) before reclassifications			11,159				647				(832	)			10,974
Less: Amounts reclassified from AOCI			155				588				—				743
Other comprehensive income (loss)			11,004				59				(832	)			10,231
Balance at September 30, 2024		$	(62,154	)		$	(178	)		$	(1,092	)		$	(63,424	)

(1)	All amounts net of tax.