Accumulated other comprehensive loss includes unrealized gains and losses on available for sale securities and changes in benefit obligations and plan assets for the post retirement benefit plan. Changes to accumulated other comprehensive loss are presented net of their tax effect as a component of equity. Reclassifications out of accumulated other comprehensive loss are recorded in the Consolidated Statements of Operations either as a gain or loss.

Changes to accumulated other comprehensive loss by component are shown in the following table for the periods indicated:


	Three Months Ended
	March 31,
	2026									2025
	Unrealized Gains and Losses on Available for Sale Securities			Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan			Total			Unrealized Gains and Losses on Available for Sale Securities			Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan		Total
	(dollars in thousands)									(dollars in thousands)
January 1	$	(5,257	)	$	(3	)	$	(5,260	)	$	(18,645	)	$	5	$	(18,640	)
Other comprehensive (loss) income before reclassifications		(892	)		—			(892	)		27,631			—		27,631
Reclassification of net realized losses into earnings		—			—			—			(12,425	)		—		(12,425	)
Tax effect of current period changes		187			—			187			(3,193	)		—		(3,193	)
Current period changes net of taxes		(705	)		—			(705	)		12,013			—		12,013
March 31	$	(5,962	)	$	(3	)	$	(5,965	)	$	(6,632	)	$	5	$	(6,627	)

For the three months ended March 31, 2025, the reclassification out of accumulated other comprehensive loss represents the realized loss on the sale of available for sale securities, which appears as loss on the sale of securities in the Consolidated Statements of Operations. The tax benefit related to this reclassification was $2.6 million and was included in income tax expense in the Consolidated Statements of Operations.