| 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 September 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 | | $ | 30,469 | | | $ | 3 | | | $ | 30,466 | | | $ | (6,711) | | | $ | 23,755 | | | $ | (216,733) | | | $ | 23,755 | | | $ | (192,978) | | | Unrealized gain (loss) on derivatives | | (990) | | | (199) | | | (791) | | | 183 | | | (608) | | | 818 | | | (608) | | | 210 | | | Retirement obligation | | 0 | | | (656) | | | 656 | | | (151) | | | 505 | | | (29,520) | | | 505 | | | (29,015) | | | Foreign currency translation | | (268) | | | 0 | | | (268) | | | 0 | | | (268) | | | (949) | | | (268) | | | (1,217) | | | Total | | $ | 29,211 | | | $ | (852) | | | $ | 30,063 | | | $ | (6,679) | | | $ | 23,384 | | | $ | (246,384) | | | $ | 23,384 | | | $ | (223,000) | | | | | | | | | | | | | | | | | | | | | | Three months ended September 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 | | $ | 94,520 | | | $ | (17,694) | | | $ | 112,214 | | | $ | (24,717) | | | $ | 87,497 | | | $ | (291,143) | | | $ | 87,497 | | | $ | (203,646) | | | Unrealized gain (loss) on derivatives | | 3,855 | | | (199) | | | 4,054 | | | (938) | | | 3,116 | | | (794) | | | 3,116 | | | 2,322 | | | Retirement obligation | | 0 | | | (489) | | | 489 | | | (113) | | | 376 | | | (30,540) | | | 376 | | | (30,164) | | | Foreign currency translation | | 158 | | | 0 | | | 158 | | | 0 | | 158 | | | (932) | | | 158 | | | (774) | | | Total | | $ | 98,533 | | | $ | (18,382) | | | $ | 116,915 | | | $ | (25,768) | | | $ | 91,147 | | | $ | (323,409) | | | $ | 91,147 | | | $ | (232,262) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine months ended September 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 | | $ | 71,577 | | | $ | (9,908) | | | $ | 81,485 | | | $ | (17,949) | | | $ | 63,536 | | | $ | (256,514) | | | $ | 63,536 | | | $ | (192,978) | | | Unrealized gain (loss) on derivatives | | 1,207 | | | (596) | | | 1,803 | | | (417) | | | 1,386 | | | (1,176) | | | 1,386 | | | 210 | | | Retirement obligation | | 0 | | | (1,906) | | | 1,906 | | | (441) | | | 1,465 | | | (30,480) | | | 1,465 | | | (29,015) | | | Foreign currency translation | | 412 | | | 0 | | | 412 | | | 0 | | | 412 | | | (1,629) | | | 412 | | | (1,217) | | | Total | | $ | 73,196 | | | $ | (12,410) | | | $ | 85,606 | | | $ | (18,807) | | | $ | 66,799 | | | $ | (289,799) | | | $ | 66,799 | | | $ | (223,000) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine months ended September 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 | | $ | 75,223 | | | $ | (25,212) | | | $ | 100,435 | | | $ | (22,123) | | | $ | 78,312 | | | $ | (281,958) | | | $ | 78,312 | | | $ | (203,646) | | | Unrealized gain (loss) on derivatives | | (2,460) | | | (596) | | | (1,864) | | | 431 | | | (1,433) | | | 3,755 | | | (1,433) | | | 2,322 | | | Retirement obligation | | 0 | | | (1,239) | | | 1,239 | | | (286) | | | 953 | | | (31,117) | | | 953 | | | (30,164) | | | Foreign currency translation | | (275) | | | 0 | | | (275) | | | 0 | | | (275) | | | (499) | | | (275) | | | (774) | | | Total | | $ | 72,488 | | | $ | (27,047) | | | $ | 99,535 | | | $ | (21,978) | | | $ | 77,557 | | | $ | (309,819) | | | $ | 77,557 | | | $ | (232,262) | |
|
| 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 nine month periods ended September 30, 2025 and 2024, respectively: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Amount reclassified from
accumulated other comprehensive income (loss) | | | | | Three months ended | | Nine months ended | | | | | September 30, | | September 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) | | | $ | (596) | | | $ | (596) | | | Interest income - Loans and leases, including fees | | Realized gain (loss) on securities available-for-sale | | 3 | | | (17,694) | | | (9,908) | | | (25,212) | | | Net gain (loss) on investments securities | | Defined benefit pension plan | | | | | | | | | Amortization of prior service cost (1) | | (4) | | | (4) | | | (4) | | | (4) | | | Other noninterest expense | Recognized net actuarial loss (1) | | (652) | | | (485) | | | (1,902) | | | (1,235) | | | Other noninterest expense | | Defined benefit pension plan total | | (656) | | | (489) | | | (1,906) | | | (1,239) | | | | | Total reclassifications for the period, before tax | | $ | (852) | | | $ | (18,382) | | | $ | (12,410) | | | $ | (27,047) | | | |
(1) Included in the computation of net periodic pension cost (see Note 13 - Employee Benefit Plans for additional details).
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