Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2025

Statement of Comprehensive Income [Abstract]

Accumulated Other Comprehensive Loss

Other comprehensive income (loss) components, net of tax, are shown in the following table for the three-month and six-month periods ended June 30, 2025 and 2024:


(in thousands)		Changes in pension plan assets and benefit obligations		Unrealized (losses) gains on debt securities AFS		Total
Beginning balance at April 1, 2025		$	16,754	$	(51,413)	$	(34,659)
	Other comprehensive income before reclassifications	—		3,152		3,152
Net current period other comprehensive income		—		3,152		3,152
Ending balance at June 30, 2025		$	16,754	$	(48,261)	$	(31,507)

Beginning balance at April 1, 2024		$	1,692	(68,087)		$	(66,395)
	Other comprehensive loss before reclassifications	—		(2,059)		(2,059)
Net current period other comprehensive loss		—		(2,059)		(2,059)
Ending balance at June 30, 2024		$	1,692	$	(70,146)	$	(68,454)


(in thousands)		Changes in pension plan assets and benefit obligations		Unrealized (losses) gains on debt securities AFS		Total
Beginning balance at January 1, 2025		$	16,754	$	(62,929)	$	(46,175)
	Other comprehensive income before reclassifications	—		14,668		14,668
Net current period other comprehensive income		—		14,668		14,668
Ending balance at June 30, 2025		$	16,754	$	(48,261)	$	(31,507)

Beginning balance at January 1, 2024		$	1,692	$	(67,883)	$	(66,191)
	Other comprehensive loss before reclassifications	—		(2,577)		(2,577)
	Amounts reclassified from accumulated other comprehensive loss	—		314		314
Net current period other comprehensive loss		—		(2,263)		(2,263)
Ending balance at June 30, 2024		$	1,692	$	(70,146)	$	(68,454)

During the six-month period ended June 30, 2024, there was $398,000 ($314,000 net of tax) reclassified out of accumulated other comprehensive loss due to a net loss on the sale of debt securities. This loss was recorded within "Loss on the sale of debt securities, net" on the consolidated condensed statements of income. During the three-month period ended June 30, 2024, there were no reclassifications out of accumulated other comprehensive loss. During the three-month and six-month periods ended June 30, 2025, there were no reclassifications out of accumulated other comprehensive loss.