| Related Tax Effects Allocated to Other Comprehensive Income and Accumulated Other Comprehensive Income (Loss) |
The following table summarizes the changes within each classification of AOCI: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended June 30, 2025 | | | | Total other comprehensive income (loss) | | Total accumulated other
comprehensive income (loss) | | (Dollars in thousands) | | Prior to
reclass | | Reclass
from | | Pre-tax | | Tax effect | | Net of tax | | Beginning balance | | Net activity | | Ending balance | | Unrealized gain (loss) on debt securities | | $ | 7,583 | | | $ | 2 | | | $ | 7,581 | | | $ | (1,670) | | | $ | 5,911 | | | $ | (222,644) | | | $ | 5,911 | | | $ | (216,733) | | | Unrealized gain (loss) on derivatives | | 371 | | | (199) | | | 570 | | | (132) | | | 438 | | | 380 | | | 438 | | | 818 | | | Retirement obligation | | 0 | | | (625) | | | 625 | | | (145) | | | 480 | | | (30,000) | | | 480 | | | (29,520) | | | Foreign currency translation | | 675 | | | 0 | | | 675 | | | 0 | | | 675 | | | (1,624) | | | 675 | | | (949) | | | Total | | $ | 8,629 | | | $ | (822) | | | $ | 9,451 | | | $ | (1,947) | | | $ | 7,504 | | | $ | (253,888) | | | $ | 7,504 | | | $ | (246,384) | | | | | | | | | | | | | | | | | | | | | | Three months ended June 30, 2024 | | | | Total other comprehensive income (loss) | | Total accumulated other
comprehensive income (loss) | | (Dollars in thousands) | | Prior to
reclass | | Reclass
from | | Pre-tax | | Tax effect | | Net of tax | | Beginning balance | | Net activity | | Ending balance | | Unrealized gain (loss) on debt securities | | $ | (2,562) | | | $ | 0 | | | $ | (2,562) | | | $ | 563 | | | $ | (1,999) | | | $ | (289,144) | | | $ | (1,999) | | | $ | (291,143) | | | Unrealized gain (loss) on derivatives | | (795) | | | (199) | | | (596) | | | 138 | | | (458) | | | (336) | | | (458) | | | (794) | | | Retirement obligation | | 0 | | | (375) | | | 375 | | | (86) | | | 289 | | | (30,829) | | | 289 | | | (30,540) | | | Foreign currency translation | | (132) | | | 0 | | | (132) | | | 0 | | (132) | | | (800) | | | (132) | | | (932) | | | Total | | $ | (3,489) | | | $ | (574) | | | $ | (2,915) | | | $ | 615 | | | $ | (2,300) | | | $ | (321,109) | | | $ | (2,300) | | | $ | (323,409) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six months ended June 30, 2025 | | | | Total other comprehensive income (loss) | | Total accumulated
other comprehensive income (loss) | | (Dollars in thousands) | | Prior to
reclass | | Reclass
from | | Pre-tax | | Tax effect | | Net of tax | | Beginning balance | | Net activity | | Ending balance | | Unrealized gain (loss) on debt securities | | $ | 41,108 | | | $ | (9,911) | | | $ | 51,019 | | | $ | (11,238) | | | $ | 39,781 | | | $ | (256,514) | | | $ | 39,781 | | | $ | (216,733) | | | Unrealized gain (loss) on derivatives | | 2,196 | | | (398) | | | 2,594 | | | (600) | | | 1,994 | | | (1,176) | | | 1,994 | | | 818 | | | Retirement obligation | | 0 | | | (1,250) | | | 1,250 | | | (290) | | | 960 | | | (30,480) | | | 960 | | | (29,520) | | | Foreign currency translation | | 680 | | | 0 | | | 680 | | | 0 | | | 680 | | | (1,629) | | | 680 | | | (949) | | | Total | | $ | 43,984 | | | $ | (11,559) | | | $ | 55,543 | | | $ | (12,128) | | | $ | 43,415 | | | $ | (289,799) | | | $ | 43,415 | | | $ | (246,384) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six months ended June 30, 2024 | | | | Total other comprehensive income (loss) | | Total accumulated
other comprehensive income (loss) | | (Dollars in thousands) | | Prior to
reclass | | Reclass
from | | Pre-tax | | Tax effect | | Net of tax | | Beginning balance | | Net activity | | Ending balance | | Unrealized gain (loss) on debt securities | | $ | (19,297) | | | $ | (7,518) | | | $ | (11,779) | | | $ | 2,594 | | | $ | (9,185) | | | $ | (281,958) | | | $ | (9,185) | | | $ | (291,143) | | | Unrealized gain (loss) on derivatives | | (6,316) | | | (398) | | | (5,918) | | | 1,369 | | | (4,549) | | | 3,755 | | | (4,549) | | | (794) | | | Retirement obligation | | 0 | | | (750) | | | 750 | | | (173) | | | 577 | | | (31,117) | | | 577 | | | (30,540) | | | Foreign currency translation | | (433) | | | 0 | | | (433) | | | 0 | | | (433) | | | (499) | | | (433) | | | (932) | | | Total | | $ | (26,046) | | | $ | (8,666) | | | $ | (17,380) | | | $ | 3,790 | | | $ | (13,590) | | | $ | (309,819) | | | $ | (13,590) | | | $ | (323,409) | |
|
| Other Accumulated Comprehensive income reclassified from AOCI |
The following table presents the activity reclassified from accumulated other comprehensive income into income during the three and six month periods ended June 30, 2025 and 2024, respectively: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Amount reclassified from
accumulated other comprehensive income (loss) | | Amount reclassified from
accumulated other comprehensive income (loss) | | | | | Three months ended | | Six months ended | | | | | June 30, | | June 30, | | | | (Dollars in thousands) | | 2025 | | 2024 | | 2025 | | 2024 | | Affected Line Item in the Consolidated Statements of Income | | Gains and losses on cash flow hedges | | | | | | | | | | | | Interest rate contracts | | $ | (199) | | | $ | (199) | | | $ | (398) | | | $ | (398) | | | Interest income - Loans and leases, including fees | | Realized gain (loss) on securities available-for-sale | | 2 | | | 0 | | | (9,911) | | | (7,518) | | | Net gain (loss) on investments securities | | Defined benefit pension plan | | | | | | | | | Amortization of prior service cost (1) | | 0 | | | 0 | | | 0 | | | 0 | | | Other noninterest expense | Recognized net actuarial loss (1) | | (625) | | | (375) | | | (1,250) | | | (750) | | | Other noninterest expense | | Defined benefit pension plan total | | (625) | | | (375) | | | (1,250) | | | (750) | | | | | Total reclassifications for the period, before tax | | $ | (822) | | | $ | (574) | | | $ | (11,559) | | | $ | (8,666) | | | |
(1) Included in the computation of net periodic pension cost (see Note 13 - Employee Benefit Plans for additional details).
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