Other Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Components of Other Comprehensive (Loss)

The following table presents the components of other comprehensive (loss), both gross and net of tax, for the three months ended March 31, 2026 and 2025 (in thousands):


	Three months ended March 31,
	2026				2025
	Before Tax		Tax Effect	After Tax	Before Tax	Tax Effect	After Tax
Components of Other Comprehensive Income:
Unrealized gains and losses on available for sale debt securities:
Net unrealized gains (losses) arising during the period	$	(17,611)	4,922	(12,689)	42,388	(15,602)	26,786
Reclassification adjustment for gains included in net income	—		—	—	(87)	25	(62)
Total	(17,611)		4,922	(12,689)	42,301	(15,577)	26,724
Unrealized gains and losses on derivatives (cash flow hedges):
Net unrealized gains arising during the period	3,516		(983)	2,533	147	(42)	105
Reclassification adjustment for (gains) included in net income	(93)		26	(67)	(1,940)	550	(1,390)
Total	3,423		(957)	2,466	(1,793)	508	(1,285)
Amortization related to post-retirement obligations	(24)		7	(17)	(460)	130	(330)
Total other comprehensive gain (loss)	$	(14,212)	3,972	(10,240)	40,048	(14,939)	25,109

Schedule of Components of Accumulated Other Comprehensive (Loss), Net of Tax

The following tables present the changes in the components of accumulated other comprehensive (loss), net of tax, for the three months ended March 31, 2026 and 2025 (in thousands):


	Changes in Accumulated Other Comprehensive (Loss) by Component, net of tax for the three months ended March 31,
	2026					2025
	Unrealized Losses on Available for Sale Debt Securities		Post- Retirement Obligations	Unrealized Gains on Derivatives (cash flow hedges)	Accumulated Other Comprehensive (Loss)	Unrealized Losses on Available for Sale Debt Securities	Post- Retirement Obligations	Unrealized Gains on Derivatives (cash flow hedges)	Accumulated Other Comprehensive (Loss)
Balance as of December 31,	$	(77,178)	2,854	(1,859)	(76,183)	(144,561)	6,147	3,059	(135,355)
Current - period other comprehensive income (loss)	(12,689)		(17)	2,466	(10,240)	26,724	(330)	(1,285)	25,109
Balance as of March 31,	$	(89,867)	2,837	607	(86,423)	(117,837)	5,817	1,774	(110,246)

Schedule of Reclassifications Out of Accumulated Other Comprehensive (Loss)

The following tables summarize the reclassifications from accumulated other comprehensive income (loss) to the Consolidated Statements of Income for the three months ended March 31, 2026 and 2025 (in thousands):


	Reclassifications From Accumulated Other Comprehensive Income ("AOCI")
	Amount reclassified from AOCI for the three months ended March 31,			Affected line item in the Consolidated Statement of Income
	2026		2025
Details of AOCI:
Available for sale debt securities:
Realized net gains on the sale of securities available for sale	$	—	87	Net gain on securities transactions
	—		(25)	Income tax expense
	$	—	62	Net of tax

Cash flow hedges:
Realized net gains (losses) on derivatives	$	93	1,940	Interest expense
	(26)		(550)	Income tax expense
	$	67	1,390

Post-retirement obligations:
Amortization of actuarial gains	$	(24)	(460)	Compensation and employee benefits (1)
	7		130	Income tax expense
	$	(17)	(330)	Net of tax




Total reclassifications	$	50	1,122	Net of tax

(1) This item is included in the computation of net periodic benefit cost. See Note 6. Components of Net Periodic Benefit Cost.