| 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 March 31, 2026 | | | | 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 | | $ | (36,491) | | | $ | (1,022) | | | $ | (35,469) | | | $ | 7,813 | | | $ | (27,656) | | | $ | (163,923) | | | $ | (27,656) | | | $ | (191,579) | | | Unrealized gain (loss) on derivatives | | (265) | | | (199) | | | (66) | | | 15 | | | (51) | | | 94 | | | (51) | | | 43 | | | Retirement obligation | | 0 | | | (525) | | | 525 | | | (121) | | | 404 | | | (25,069) | | | 404 | | | (24,665) | | | Foreign currency translation | | (185) | | | 0 | | | (185) | | | 0 | | | (185) | | | (1,044) | | | (185) | | | (1,229) | | | Total | | $ | (36,941) | | | $ | (1,746) | | | $ | (35,195) | | | $ | 7,707 | | | $ | (27,488) | | | $ | (189,942) | | | $ | (27,488) | | | $ | (217,430) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended March 31, 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 | | $ | 33,525 | | | $ | (9,913) | | | $ | 43,438 | | | $ | (9,568) | | | $ | 33,870 | | | $ | (256,514) | | | $ | 33,870 | | | $ | (222,644) | | | Unrealized gain (loss) on derivatives | | 1,825 | | | (199) | | | 2,024 | | | (468) | | | 1,556 | | | (1,176) | | | 1,556 | | | 380 | | | Retirement obligation | | 0 | | | (625) | | | 625 | | | (145) | | | 480 | | | (30,480) | | | 480 | | | (30,000) | | | Foreign currency translation | | 5 | | | 0 | | | 5 | | | 0 | | | 5 | | | (1,629) | | | 5 | | | (1,624) | | | Total | | $ | 35,355 | | | $ | (10,737) | | | $ | 46,092 | | | $ | (10,181) | | | $ | 35,911 | | | $ | (289,799) | | | $ | 35,911 | | | $ | (253,888) | |
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| Other Accumulated Comprehensive income reclassified from AOCI |
The following table presents the activity reclassified from accumulated other comprehensive income into income during the three month periods ended March 31, 2026 and 2025, respectively: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Amount reclassified from
accumulated other comprehensive income (loss) | | | | | | | Three months ended | | | | | | | March 31, | | | | (Dollars in thousands) | | | | | | 2026 | | 2025 | | Affected Line Item in the Consolidated Statements of Income | | Gains and losses on cash flow hedges | | | | | | | | | | | | Interest rate contracts | | | | | | $ | (199) | | | $ | (199) | | | Interest income - Loans and leases, including fees | | Realized gain (loss) on securities available-for-sale | | | | | | (1,022) | | | (9,913) | | | Net gain (loss) on investments securities | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Recognized net actuarial loss on defined benefit pension plan (1) | | | | | | (525) | | | (625) | | | Other noninterest expense | | Total reclassifications for the period, before tax | | | | | | $ | (1,746) | | | $ | (10,737) | | | |
(1) Included in the computation of net periodic pension cost (see Note 13 - Employee Benefit Plans for additional details).
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