Accumulated Other Comprehensive Income (Loss) (Tables)

The changes in accumulated other comprehensive income (loss) by component are as follows (in thousands):


	Three Months Ended June 30, 2026

	Unrealized Gains (Losses) on Securities		Unrealized Gains (Losses) on Derivatives		Retirement Plans		Total
Beginning balance, net of tax	$	(85,971)	$	344	$	(16,995)	$	(102,622)
Other comprehensive income (loss):
Other comprehensive income (loss) before reclassifications	7,952		2,467		—		10,419
Reclassification adjustments included in net income	2,238		35		668		2,941
Income tax (expense) benefit	(2,140)		(525)		(140)		(2,805)
Net current-period other comprehensive income (loss), net of tax	8,050		1,977		528		10,555
Ending balance, net of tax	$	(77,921)	$	2,321	$	(16,467)	$	(92,067)

	Six Months Ended June 30, 2026

	Unrealized Gains (Losses) on Securities		Unrealized Gains (Losses) on Derivatives		Retirement Plans		Total
Beginning balance, net of tax	$	(76,311)	$	(1,784)	$	(17,522)	$	(95,617)
Other comprehensive income (loss):
Other comprehensive (loss) income before reclassifications	(6,380)		5,707		—		(673)
Reclassification adjustments included in net income	4,342		(511)		1,335		5,166

Income tax (expense) benefit	428		(1,091)		(280)		(943)
Net current-period other comprehensive income (loss), net of tax	(1,610)		4,105		1,055		3,550

Ending balance, net of tax	$	(77,921)	$	2,321	$	(16,467)	$	(92,067)


	Three Months Ended June 30, 2025

	Unrealized Gains (Losses) on Securities		Unrealized Gains (Losses) on Derivatives		Retirement Plans		Total
Beginning balance, net of tax	$	(115,078)	$	1,781	$	(18,517)	$	(131,814)
Other comprehensive income (loss):
Other comprehensive income (loss) before reclassifications	(12,618)		(392)		—		(13,010)
Reclassification adjustments included in net income	2,019		(1,866)		616		769
Income tax (expense) benefit	2,226		474		(130)		2,570
Net current-period other comprehensive income (loss), net of tax	(8,373)		(1,784)		486		(9,671)
Ending balance, net of tax	$	(123,451)	$	(3)	$	(18,031)	$	(141,485)

	Six Months Ended June 30, 2025
	Unrealized Gains (Losses) on Securities		Unrealized Gains (Losses) on Derivatives		Retirement Plans		Total
Beginning balance, net of tax	$	(112,199)	$	6,303	$	(19,002)	$	(124,898)


Other comprehensive income (loss):
Other comprehensive income (loss) before reclassifications	(18,831)		(3,543)		—		(22,374)
Reclassification adjustments included in net income	4,587		(4,439)		1,230		1,378
Income tax (expense) benefit	2,992		1,676		(259)		4,409
Net current-period other comprehensive income (loss), net of tax	(11,252)		(6,306)		971		(16,587)
Ending balance, net of tax	$	(123,451)	$	(3)	$	(18,031)	$	(141,485)

The reclassification adjustments out of accumulated other comprehensive income (loss) included in net income are presented below (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025






Unrealized gains and losses on securities transferred:
Amortization of unrealized gains and losses (1)	$	(2,238)	$	(2,019)	$	(4,342)	$	(4,033)
Tax (expense) benefit	470		424		912		847
Net of tax	(1,768)		(1,595)		(3,430)		(3,186)

Unrealized gains and losses on available for sale securities:
Realized net gain (loss) on sale of securities (2)	—		—		—		(554)


Tax (expense) benefit	—		—		—		116
Net of tax	—		—		—		(438)

Derivatives:
Realized net gain (loss) on interest rate swap derivatives (3)	(35)		1,866		511		4,439
Tax (expense) benefit	8		(392)		(107)		(932)
Net of tax	(27)		1,474		404		3,507





Amortization of pension plan:
Net actuarial loss (4)	(668)		(616)		(1,335)		(1,230)


Tax (expense) benefit	140		130		280		259
Net of tax	(528)		(486)		(1,055)		(971)
Total reclassifications for the period, net of tax	$	(2,323)	$	(607)	$	(4,081)	$	(1,088)

(1) Included in interest income on the consolidated statements of income.

(2) Listed as net gain (loss) on sale of securities AFS on the consolidated statements of income.

(3) Included in interest expense for FHLB borrowings, other borrowings and deposits on the consolidated statements of income.

(4) These AOCI components are included in the computation of net periodic pension cost (income) presented in “Note 8 – Employee Benefit Plans.”