| Accumulated Other Comprehensive Loss |
(7) Accumulated Other Comprehensive Loss
The following is a summary of the accumulated other comprehensive income loss balances, net of tax:
|
|
|
Three months ended March 31, 2025
|
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| |
|
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|
|
|
|
Amount |
|
|
|
|
|
|
|
| |
|
|
|
|
Other |
|
|
reclassified |
|
|
Other |
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|
|
|
| |
|
|
|
|
Comprehensive |
|
|
from Accumulated |
|
|
Comprehensive income- |
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|
|
|
| |
|
Balance at |
|
|
income-Before |
|
|
Other Comprehensive |
|
|
Three months ended |
|
|
Balance at |
|
|
(dollars in thousands)
|
|
12/31/2024
|
|
|
Reclassifications
|
|
|
Loss
|
|
|
3/31/2025
|
|
|
3/31/2025
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net unrealized holding gain on securities available for sale, net of tax
|
|
$
|
(21,713
|
)
|
|
|
3,948
|
|
|
|
-
|
|
|
|
3,948
|
|
|
|
(17,765
|
)
|
|
Net change in overfunded position in pension and postretirement plans arising during the year, net of tax
|
|
|
21,266
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
21,266
|
|
|
Net change in net actuarial gain and prior service cost on pension and postretirement benefit plans, net of tax
|
|
|
(3,414
|
)
|
|
|
-
|
|
|
|
(219
|
)
|
|
|
(219
|
)
|
|
|
(3,633
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated other comprehensive income (loss), net of tax
|
|
$
|
(3,861
|
)
|
|
|
3,948
|
|
|
|
(219
|
)
|
|
|
3,729
|
|
|
|
(132
|
)
|
|
|
Three months ended March 31, 2024
|
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| |
|
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|
|
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Amount |
|
|
|
|
|
|
|
| |
|
|
|
|
Other |
|
|
reclassified |
|
|
Other |
|
|
|
|
| |
|
|
|
|
Comprehensive
|
|
|
from Accumulated |
|
|
Comprehensive loss- |
|
|
|
|
| |
|
Balance at |
|
|
loss-Before |
|
|
Other Comprehensive |
|
|
Three months ended |
|
|
Balance at |
|
|
(dollars in thousands)
|
|
12/31/2023
|
|
|
Reclassifications
|
|
|
Loss
|
|
|
3/31/2024
|
|
|
3/31/2024
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net unrealized holding loss on securities available for sale, net of tax
|
|
$
|
(23,899
|
)
|
|
|
(1,378
|
)
|
|
|
-
|
|
|
|
(1,378
|
)
|
|
|
(25,277
|
)
|
|
Net change in overfunded position in pension and postretirement plans arising during the year, net of tax
|
|
|
13,476
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
13,476
|
|
|
Net change in net actuarial gain and prior service cost on pension and postretirement benefit plans, net of tax
|
|
|
(2,814
|
)
|
|
|
-
|
|
|
|
(148
|
)
|
|
|
(148
|
)
|
|
|
(2,962
|
)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated other comprehensive loss, net of tax
|
|
$
|
(13,237
|
)
|
|
|
(1,378
|
)
|
|
|
(148
|
)
|
|
|
(1,526
|
)
|
|
|
(14,763
|
)
|
The following represents the reclassifications out of accumulated other comprehensive loss for the three months ended March 31, 2025 and 2024:
| (dollars in thousands) |
|
Three months ended |
|
|
|
|
March 31,
|
|
|
| |
|
2025
|
|
|
2024
|
|
Affected Line Item in Financial Statements
|
|
Amortization of pension and postretirement benefit items:
|
|
|
|
|
|
|
|
|
Amortization of net actuarial gain
|
|
$
|
297
|
|
|
|
203
|
|
Salaries and employee benefits
|
|
Amortization of prior service cost
|
|
|
(3
|
)
|
|
|
(3
|
)
|
Salaries and employee benefits
|
|
Income tax benefit
|
|
|
(75
|
)
|
|
|
(52
|
)
|
Income taxes
|
|
Net of tax
|
|
|
219
|
|
|
|
148
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
Total reclassifications, net of tax
|
|
$
|
219
|
|
|
|
148
|
|
|
|