| Accumulated Other Comprehensive Income (Loss) |
(7) Accumulated Other Comprehensive Income (Loss)
The following is a summary of the accumulated other comprehensive income (loss) balances, net of tax:
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Three months ended March 31, 2026
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Amount
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Other
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reclassified
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Other
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Comprehensive
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from Accumulated
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Comprehensive loss-
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Balance at
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loss-Before
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Other Comprehensive
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Three months ended
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Balance at
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(dollars in thousands)
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12/31/2025
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Reclassifications
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Income
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3/31/2026
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3/31/2026
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Net unrealized holding loss on securities available for
sale, net of tax
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$
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(12,055 |
)
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$
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(1,266 |
)
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$
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- |
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$
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(1,266 |
)
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$
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(13,321 |
)
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Net change in overfunded position in pension and
postretirement plans arising during the year, net of tax
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26,962 |
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- |
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- |
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- |
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26,962 |
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Net change in net actuarial gain and prior service cost on
pension and postretirement benefit plans, net of tax
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(4,883 |
)
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- |
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(517 |
)
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(517 |
)
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(5,400 |
)
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Accumulated other comprehensive income (loss), net of tax
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$
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10,024 |
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$
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(1,266 |
)
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$
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(517 |
)
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$
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(1,783 |
)
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$
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8,241 |
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Three months ended March 31, 2025
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Amount
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Other
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reclassified
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Other Comprehensive
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Comprehensive
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from Accumulated
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income-
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Balance at
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income-Before
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Other Comprehensive
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Three months ended
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Balance at
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(dollars in thousands)
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12/31/2024
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Reclassifications
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Loss
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3/31/2025
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3/31/2025
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Net unrealized holding gain on securities available for
sale, net of tax
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$
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(21,713 |
)
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$
|
3,948 |
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$
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- |
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$
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3,948 |
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$
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(17,765 |
)
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Net change in overfunded position in pension and
postretirement plans arising during the year, net of tax
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21,266 |
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- |
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- |
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- |
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21,266 |
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Net change in net actuarial gain and prior service cost on
pension and postretirement benefit plans, net of tax
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(3,414 |
)
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- |
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(219 |
)
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(219 |
)
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(3,633 |
)
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Accumulated other comprehensive loss (income), net of tax
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$
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(3,861 |
)
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$
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3,948 |
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$
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(219 |
)
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$
|
3,729 |
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$
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(132 |
)
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The following table represents the reclassifications out of accumulated other comprehensive loss for the three months ended March 31, 2026 and 2025:
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(dollars in thousands)
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Three months ended
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March 31,
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2026
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2025
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Affected Line Item in Financial Statements
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Amortization of pension and postretirement benefit items:
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Amortization of net actuarial gain
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$
|
701 |
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$
|
297 |
|
Salaries and employee benefits
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Amortization of prior service cost
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(3 |
)
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(3 |
)
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Salaries and employee benefits
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Income tax benefit
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(181 |
)
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(75 |
)
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Income taxes
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Net of tax
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|
517 |
|
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219 |
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Total reclassifications, net of tax
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$
|
517 |
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$
|
219 |
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