v3.25.2
Other Comprehensive Income (Loss)
6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Comprehensive Income (Loss) Note Other Comprehensive Income (Loss)
The before and after-tax amounts allocated to each component of other comprehensive income (loss) are presented in the following table. Reclassification adjustments related to securities available for sale are included in net gain (loss) on securities transactions in the accompanying consolidated statements of income. Reclassification adjustments related to defined-benefit post-retirement benefit plans are included in the computation of net periodic pension expense (see Note 11 – Defined Benefit Plans).
Three Months Ended
June 30, 2025
Three Months Ended
June 30, 2024
Before Tax
Amount
Tax  Expense,
(Benefit)
Net of Tax
Amount
Before Tax
Amount
Tax  Expense,
(Benefit)
Net of Tax
Amount
Securities available for sale and transferred securities:
Change in net unrealized gain/loss during the period$(14,563)$(3,058)$(11,505)$(42,111)$(8,843)$(33,268)
Change in net unrealized gain on securities transferred to held to maturity— — — (157)(33)(124)
Reclassification adjustment for net (gains) losses included in net income— — — — — — 
Total securities available for sale and transferred securities(14,563)(3,058)(11,505)(42,268)(8,876)(33,392)
Defined-benefit post-retirement benefit plans:
Reclassification adjustment for net amortization of actuarial gain/loss included in net income as a component of net periodic cost (benefit)309 65 244 419 88 331 
Total defined-benefit post-retirement benefit plans309 65 244 419 88 331 
Total other comprehensive income (loss)$(14,254)$(2,993)$(11,261)$(41,849)$(8,788)$(33,061)
Six Months Ended
June 30, 2025
Six Months Ended
June 30, 2024
Before Tax
Amount
Tax  Expense,
(Benefit)
Net of Tax
Amount
Before Tax
Amount
Tax  Expense,
(Benefit)
Net of Tax
Amount
Securities available for sale and transferred securities:
Change in net unrealized gain/loss during the period$141,069 $29,625 $111,444 $(241,186)$(50,649)$(190,537)
Change in net unrealized gain on securities transferred to held to maturity(521)(109)(412)(316)(67)(249)
Reclassification adjustment for net (gains) losses included in net income14 11 — — — 
Total securities available for sale and transferred securities140,562 29,519 111,043 (241,502)(50,716)(190,786)
Defined-benefit post-retirement benefit plans:
Reclassification adjustment for net amortization of actuarial gain/loss included in net income as a component of net periodic cost (benefit)619 130 489 837 176 661 
Total defined-benefit post-retirement benefit plans619 130 489 837 176 661 
Total other comprehensive income (loss)$141,181 $29,649 $111,532 $(240,665)$(50,540)$(190,125)
Activity in accumulated other comprehensive income (loss), net of tax, was as follows:
Securities
Available
For Sale
Defined
Benefit
Plans
Accumulated
Other
Comprehensive
Income
Balance at January 1, 2025$(1,230,828)$(21,176)$(1,252,004)
Other comprehensive income (loss) before reclassifications
111,032 — 111,032 
Reclassification of amounts included in net income
11 489 500 
Net other comprehensive income (loss) during period111,043 489 111,532 
Balance at June 30, 2025$(1,119,785)$(20,687)$(1,140,472)
Balance at January 1, 2024$(1,094,794)$(24,425)$(1,119,219)
Other comprehensive income (loss) before reclassifications
(190,786)— (190,786)
Reclassification of amounts included in net income
— 661 661 
Net other comprehensive income (loss) during period(190,786)661 (190,125)
Balance at June 30, 2024$(1,285,580)$(23,764)$(1,309,344)