v3.25.1
Other Comprehensive Income (Tables)
 3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Schedule of Components of Other Comprehensive Income (Loss)
The following table presents the components of other comprehensive (loss), both gross and net of tax, for the three months ended March 31, 2025 and 2024 (in thousands):
Three months ended March 31,
20252024
Before
Tax		Tax
Effect		After
Tax		Before
Tax		Tax
Effect		After
Tax
Components of Other Comprehensive Income:
Unrealized gains and losses on available for sale debt securities:
Net unrealized gains (losses) arising during the period$42,388 (15,602)26,786 (13,547)3,590 (9,957)
Reclassification adjustment for gains included in net income(87)25 (62)— — — 
Total42,301 (15,577)26,724 (13,547)3,590 (9,957)
Unrealized gains and losses on derivatives (cash flow hedges):
Net unrealized gains arising during the period147 (42)105 4,605 (1,220)3,385 
Reclassification adjustment for (gains) included in net income(1,940)550 (1,390)(4,175)1,106 (3,069)
Total(1,793)508 (1,285)430 (114)316 
Amortization related to post-retirement obligations(460)130 (330)(1,128)299 (829)
Total other comprehensive gain (loss) $40,048 (14,939)25,109 (14,245)3,775 (10,470)
Schedule of Components of Accumulated Other Comprehensive Income, Net of Tax
The following tables present the changes in the components of accumulated other comprehensive (loss), net of tax, for the three months ended March 31, 2025 and 2024 (in thousands):
Changes in Accumulated Other Comprehensive (Loss) by Component, net of tax
for the three months ended March 31,
20252024
Unrealized
Losses on
Available for Sale Debt Securities		Post- Retirement
Obligations		Unrealized Gains on Derivatives (cash flow hedges)Accumulated
Other
Comprehensive
(Loss)		Unrealized Losses on
 Available for Sale Debt Securities		Post-  Retirement
Obligations		Unrealized Gains on Derivatives (cash flow hedges)Accumulated
Other
Comprehensive (Loss)
Balance as of
December 31,		$(144,561)6,147 3,059 (135,355)(154,489)3,937 9,437 (141,115)
Current - period other comprehensive income (loss) 26,724 (330)(1,285)25,109 (9,957)(829)316 (10,470)
Balance as of March 31,$(117,837)5,817 1,774 (110,246)(164,446)3,108 9,753 (151,585)
Schedule of Reclassifications Out of Accumulated Other Comprehensive Income
The following tables summarize the reclassifications from accumulated other comprehensive (loss) to the Consolidated Statements of Income for the three months ended March 31, 2025 and 2024 (in thousands):
Reclassifications From Accumulated Other Comprehensive
Income ("AOCI")
Amount reclassified from AOCI for the three months ended March 31,Affected line item in the Consolidated
Statement of Income
20252024
Details of AOCI:
Available for sale debt securities:
Realized net gains on the sale of securities available for sale$87 — Net gain on securities transactions
(25)— Income tax expense
$62 — Net of tax
Cash flow hedges:
Realized net gains (losses) on derivatives$1,940 (4,175)Interest expense
(550)1,106 Income tax expense
$1,390 (3,069)
Post-retirement obligations:
Amortization of actuarial gains$(460)(516)
Compensation and employee benefits (1)
130 137 Income tax expense
Total reclassification$(330)(379)Net of tax
Total reclassifications$1,122 (3,448)Net of tax
(1) This item is included in the computation of net periodic benefit cost. See Note 7. Components of Net Periodic Benefit Cost.