ACCUMULATED OTHER COMPREHENSIVE LOSS |
ACCUMULATED OTHER COMPREHENSIVE LOSS
The following table summarizes the changes in the balances of each component of accumulated other comprehensive loss, net of tax, as of June 30, 2025 and 2024. | | | | | | | | | | | | | | | | | | | | | | | Accumulated Other Comprehensive Loss | | Unrealized Gains (Losses) on Securities Available for Sale | | | | | | Unrealized Gains (Losses) on Defined Benefit Plans | | Total | Balance at December 31, 2024 | $ | (188,412) | | | | | | | $ | (273) | | | $ | (188,685) | | Other comprehensive loss before reclassifications | (1,296) | | | | | | | — | | | (1,296) | | Amounts reclassified from accumulated other comprehensive loss | 6 | | | | | | | — | | | 6 | | Period change | (1,290) | | | | | | | — | | | (1,290) | | | | | | | | | | | | Balance at June 30, 2025 | $ | (189,702) | | | | | | | $ | (273) | | | $ | (189,975) | | | | | | | | | | | | | | | | | | | | | | Balance at December 31, 2023 | $ | (173,654) | | | | | | | $ | (2,316) | | | $ | (175,970) | | Other comprehensive loss before reclassifications | (36,049) | | | | | | | — | | | (36,049) | | Amounts reclassified from accumulated other comprehensive loss | 40 | | | | | | | — | | | 40 | | Period change | (36,009) | | | | | | | — | | | (36,009) | | | | | | | | | | | | Balance at June 30, 2024 | $ | (209,663) | | | | | | | $ | (2,316) | | | $ | (211,979) | |
The following tables present the reclassification adjustments out of accumulated other comprehensive loss that were included in net income in the Consolidated Condensed Statements of Income for the three and six months ended June 30, 2025 and 2024.
| | | | | | | | | | | | | | | | | | | | | | | Amount Reclassified from Accumulated Other Comprehensive Loss For the Three Months Ended June 30, | | | Details about Accumulated Other Comprehensive Loss Components | | 2025 | | 2024 | | Affected Line Item in the Statements of Income | Unrealized gains (losses) on available for sale securities (1) | | | | | | | Realized securities losses reclassified into income | | $ | (1) | | | $ | (49) | | | Noninterest income - net realized losses on sales of available for sale securities | Related income tax benefit | | — | | | 10 | | | Income tax expense | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total reclassifications for the period, net of tax | | $ | (1) | | | $ | (39) | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Amount Reclassified from Accumulated Other Comprehensive Loss For the Six Months Ended June 30, | | | Details about Accumulated Other Comprehensive Loss Components | | 2025 | | 2024 | | Affected Line Item in the Statements of Income | Unrealized gains (losses) on available for sale securities (1) | | | | | | | Realized securities losses reclassified into income | | $ | (8) | | | $ | (51) | | | Noninterest income - net realized losses on sales of available for sale securities | Related income tax benefit | | 2 | | | 11 | | | Income tax expense | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total reclassifications for the period, net of tax | | $ | (6) | | | $ | (40) | | | |
(1) For additional detail related to unrealized gains (losses) on available for sale securities and related amounts reclassified from accumulated other comprehensive loss see NOTE 3. INVESTMENT SECURITIES of these Notes to Consolidated Condensed Financial Statements.
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