v3.26.1
Note 8 - Comprehensive Income
3 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Comprehensive Income (Loss) Note [Text Block]

Note 8. Comprehensive Income

 

Total comprehensive income includes all changes in equity during a period from transactions and other events and circumstances from non-owner sources. The Company’s OCI is comprised of unrealized holding gains and losses on available-for-sale securities, unrealized gains and losses on cash flow hedges, obligations for defined benefit pension plan and an adjustment to reflect the curtailment of the Company’s defined benefit pension plan, each net of taxes.

 

The following table represents the reclassification out of AOCI for the periods presented (dollars in thousands):

 

Details about Accumulated Other Comprehensive Income Components

 

Amounts Reclassified from Accumulated Other Comprehensive Income

 

Affected Line item in the Consolidated Statements of Income

  

Three Months Ended March 31,

  
  

2026

  

2025

  

Interest income on cash flow hedges

 $2,634  $4,142 

Borrowings and deposits expense

   (815)  (1,164)

Income tax expense

Total reclassification

 $1,819  $2,978  

  

 

 

AOCI as of March 31, 2026 and December 31, 2025 consisted of the following:

 

  

March 31, 2026

  

December 31, 2025

 
  

(dollars in thousands)

 

Available-for-sale securities, net of tax

 $(48,156) $(40,652)

Cash flow hedge, net of tax

  9,255   7,904 

Defined benefit pension and post-retirement plans, net of tax

  852   852 

Total

 $(38,049) $(31,896)