Schedule of Components of Accumulated Other Comprehensive Loss |
The following is a summary of the changes in accumulated other comprehensive income (loss) by component, net of tax, for the periods indicated (in thousands): | | | | | | | | | | | | | | | | | | | | | | | Unrealized Gains and Losses on Securities Available for Sale | | Defined Benefit and Other Benefit Plans | | Total | Balance at April 1, 2025 | | $ | (55,199) | | | $ | (1,720) | | | $ | (56,919) | | | | | | | | | | | | | | | | Other comprehensive income (loss) before reclassification | | 971 | | | — | | | 971 | | Amounts reclassified from accumulated other comprehensive income (loss) | | 13,237 | | | 6 | | | 13,243 | | Net current period other comprehensive income (loss) | | 14,208 | | | 6 | | | 14,214 | | Balance at June 30, 2025 | | $ | (40,991) | | | $ | (1,714) | | | $ | (42,705) | |
| | | | | | | | | | | | | | | | | | | | | | | Unrealized Gains and Losses on Securities Available for Sale | | Defined Benefit and Other Benefit Plans | | Total | Balance at April 1, 2024 | | $ | (66,870) | | | $ | (3,208) | | | $ | (70,078) | | | | | | | | | | | | | | | | Other comprehensive income before reclassification | | 162 | | | — | | | 162 | | Amounts reclassified from accumulated other comprehensive income | | — | | | 5 | | | 5 | | Net current period other comprehensive income (loss) | | 162 | | | 5 | | | 167 | | Balance at June 30, 2024 | | $ | (66,708) | | | $ | (3,203) | | | $ | (69,911) | |
| | | | | | | | | | | | | | | | | | | | | | | Unrealized Gains and Losses on Securities Available for Sale | | Defined Benefit and Other Benefit Plans | | Total | Balance at January 1, 2025 | | $ | (63,339) | | | $ | (1,726) | | | $ | (65,065) | | | | | | | | | | | | | | | | Other comprehensive income before reclassification | | 9,111 | | | — | | | 9,111 | | Amounts reclassified from accumulated other comprehensive income (loss) | | 13,237 | | | 12 | | | 13,249 | | Net current period other comprehensive income | | 22,348 | | | 12 | | | 22,360 | | Balance at June 30, 2025 | | $ | (40,991) | | | $ | (1,714) | | | $ | (42,705) | |
| | | | | | | | | | | | | | | | | | | | | | | Unrealized Gains and Losses on Securities Available for Sale | | Defined Benefit and Other Benefit Plans | | Total | Balance at January 1, 2024 | | $ | (62,800) | | | $ | (3,213) | | | $ | (66,013) | | | | | | | | | | | | | | | | Other comprehensive income before reclassification | | (3,908) | | | — | | | (3,908) | | Amounts reclassified from accumulated other comprehensive income (loss) | | — | | | 10 | | | 10 | | Net current period other comprehensive income (loss) | | (3,908) | | | 10 | | | (3,898) | | Balance at June 30, 2024 | | $ | (66,708) | | | $ | (3,203) | | | $ | (69,911) | |
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Schedule of Reclassification Out of Accumulated Other Comprehensive Income |
The following is the reclassification out of accumulated other comprehensive income for the periods indicated (in thousands): | | | | | | | | | | | | | | | | | | | | | Details about Accumulated Other Comprehensive Income (Loss) Components | | Three Months Ended June 30, | | Affected Line Item in the Statement Where Net Income (Loss) is Presented | | 2025 | | 2024 | | Unrealized gains and losses on securities available for sale: | | | | | | | Net realized losses on securities available for sale | | $ | 17,498 | | | $ | — | | | Net (losses) on securities transactions | Tax effect | | (4,261) | | | — | | | Income tax expense (benefit) | Net of tax | | 13,237 | | | — | | | | Amortization of defined pension plan and other benefit plan items: | | | | | | | | | | | | | | | | | | | Actuarial losses (a) | | 8 | | | 7 | | | Other components of net periodic pension and postretirement benefits | Tax effect | | (2) | | | (2) | | | Income tax expense (benefit) | Net of tax | | 6 | | | 5 | | | | Total reclassification for the period, net of tax | | $ | 13,243 | | | $ | 5 | | | | | | | | | | |
(a) These accumulated other comprehensive income components are included in the computation of net periodic pension and other benefit plan costs (see Note 12 for additional information).
| | | | | | | | | | | | | | | | | | | | | Details about Accumulated Other Comprehensive Income (Loss) Components | | Six Months Ended June 30, | | Affected Line Item in the Statement Where Net Income (Loss) is Presented | | 2025 | | 2024 | | Unrealized gains and losses on securities available for sale: | | | | | Net realized losses on securities available for sale | | $ | 17,498 | | | $ | — | | | Net (losses) on securities transactions | Tax effect | | (4,261) | | | — | | | Income tax expense (benefit) | Net of tax | | 13,237 | | | — | | | | Amortization of defined pension plan and other benefit plan items: | | | | | | | | | | | | | | | | | Actuarial losses (a) | | 16 | | | 14 | | | Other components of net periodic pension and postretirement benefits | Tax effect | | (4) | | | (4) | | | Income tax expense (benefit) | Net of tax | | 12 | | | 10 | | | | Total reclassification for the period, net of tax | | $ | 13,249 | | | $ | 10 | | | | | | | | | | |
(a) These accumulated other comprehensive income components are included in the computation of net periodic pension and other benefit plan costs (see Note 12 for additional information).
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