v3.25.2
Other Comprehensive Income (Loss) (Tables)
 6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Activity in Other Comprehensive Income (Loss)
The following tables present the activity in other comprehensive income (loss):
Three months ended June 30, 20252024
(Dollars in thousands)Pre-tax AmountsIncome Tax Benefit (Expense)Net of TaxPre-tax AmountsIncome Tax Benefit (Expense)Net of Tax
Available for Sale Debt Securities:
Change in fair value of available for sale debt securities$2,852 ($720)$2,132 $1,006 ($257)$749 
Cash Flow Hedges:
Change in fair value of cash flow hedges(507)128 (379)802 (213)589 
Net cash flow hedge losses reclassified into earnings1,947 (492)1,455 1,645 (419)1,226 
Net change in fair value of cash flow hedges1,440 (364)1,076 2,447 (632)1,815 
Defined Benefit Plan Obligations:
Amortization of net actuarial losses into earnings29 (7)22 30 (7)23 
Total other comprehensive income$4,321 ($1,091)$3,230 $3,483 ($896)$2,587 

Six months ended June 30, 20252024
(Dollars in thousands)Pre-tax AmountsIncome Tax Benefit (Expense)Net of TaxPre-tax AmountsIncome Tax Benefit (Expense)Net of Tax
Securities available for sale:
Change in fair value of available for sale debt securities$19,748 ($4,986)$14,762 ($13,742)$3,503 ($10,239)
Cash flow hedges:
Change in fair value of cash flow hedges(1,636)413 (1,223)3,458 (890)2,568 
Net cash flow hedge losses reclassified into earnings3,869 (977)2,892 3,291 (839)2,452 
Net change in fair value of cash flow hedges2,233 (564)1,669 6,749 (1,729)5,020 
Defined benefit plan obligations:
Defined benefit plan obligation remeasurement2,665 (728)1,937 — — — 
Pension plan settlement charge reclassified into earnings58 (15)43 61 (15)46 
Amortization of net actuarial losses into earnings6,436 (1,625)4,811 — — — 
Net change in defined benefit plan obligations9,159 (2,368)6,791 61 (15)46 
Total other comprehensive income (loss)$31,140 ($7,918)$23,222 ($6,932)$1,759 ($5,173)
Changes in Components of Accumulated Other Comprehensive Income (Loss)
The following tables present the changes in AOCL by component, net of tax:
(Dollars in thousands)Net Unrealized Losses on Available For Sale Debt SecuritiesNet Unrealized Losses on Cash Flow HedgesNet Unrealized Losses on Defined Benefit Plan ObligationsTotal
For the three months ended June 30, 2025
Balance at March 31, 2025($89,809)($7,345)($2,025)($99,179)
Other comprehensive income (loss) before reclassifications2,132 (379)— 1,753 
Amounts reclassified from AOCL
— 1,455 22 1,477 
Net other comprehensive income2,132 1,076 22 3,230 
Balance at June 30, 2025($87,677)($6,269)($2,003)($95,949)
(Dollars in thousands)Net Unrealized Losses on Available For Sale Debt SecuritiesNet Unrealized Losses on Cash Flow HedgesNet Unrealized Losses on Defined Benefit Plan ObligationsTotal
For the six months ended June 30, 2025
Balance at December 31, 2024($102,439)($7,938)($8,794)($119,171)
Other comprehensive income (loss) before reclassifications14,762 (1,223)1,937 15,476 
Amounts reclassified from AOCL
— 2,892 4,854 7,746 
Net other comprehensive income14,762 1,669 6,791 23,222 
Balance at June 30, 2025($87,677)($6,269)($2,003)($95,949)

(Dollars in thousands)Net Unrealized Losses on Available For Sale Debt SecuritiesNet Unrealized Losses on Cash Flow HedgesNet Unrealized Losses on Defined Benefit Plan Obligations Total
For the three months ended June 30, 2024
Balance at March 31, 2024($127,579)($12,414)($8,920)($148,913)
Other comprehensive income before reclassifications749 589 — 1,338 
Amounts reclassified from AOCL
— 1,226 23 1,249 
Net other comprehensive income749 1,815 23 2,587 
Balance at June 30, 2024($126,830)($10,599)($8,897)($146,326)

(Dollars in thousands)Net Unrealized Losses on Available For Sale Debt SecuritiesNet Unrealized Losses on Cash Flow HedgesNet Unrealized Losses on Defined Benefit Plan ObligationsTotal
For the six months ended June 30, 2024
Balance at December 31, 2023($116,591)($15,619)($8,943)($141,153)
Other comprehensive (loss) income before reclassifications(10,239)2,568 — (7,671)
Amounts reclassified from AOCL
— 2,452 46 2,498 
Net other comprehensive (loss) income(10,239)5,020 46 (5,173)
Balance at June 30, 2024($126,830)($10,599)($8,897)($146,326)