| Other Comprehensive Income (Loss) |
Other Comprehensive Income (Loss) The following tables present reclassifications out of accumulated other comprehensive income (loss) for the three and six month periods ended June 30, 2026 and 2025: | | | | | | | | | | | | | Three Months Ended | | (In thousands) | Before-Tax
Amount | Tax (Expense)
Benefit | Net of Tax | | June 30, 2026 | | | | | Available-for-sale debt securities: | | | | | Change in net unrealized (loss) gain during the period | $ | (7,968) | | $ | 1,992 | | $ | (5,976) | | | | | | | Net unrealized (losses) gains | (7,968) | | 1,992 | | (5,976) | | | Employee benefit plans: | | | | | Amortization of net retirement plan actuarial gain (loss) | (26) | | 7 | | (19) | | | Amortization of net retirement plan prior service cost | 48 | | (11) | | 37 | | | Employee benefit plans | 22 | | (4) | | 18 | | | Other comprehensive loss | $ | (7,946) | | $ | 1,988 | | $ | (5,958) | | | June 30, 2025 | | | | | Available-for-sale debt securities: | | | | | Change in net unrealized (loss) gain during the period | $ | 9,392 | | $ | (2,348) | | $ | 7,044 | | | | | | | Net unrealized gains (losses) | 9,392 | | (2,348) | | 7,044 | | | Employee benefit plans: | | | | | Amortization of net retirement plan actuarial gain (loss) | 19 | | (5) | | 14 | | | Amortization of net retirement plan prior service cost | 49 | | (12) | | 37 | | | Employee benefit plans | 68 | | (17) | | 51 | | | Other comprehensive income | $ | 9,460 | | $ | (2,365) | | $ | 7,095 | |
| | | | | | | | | | | | | Six Months Ended | | (In thousands) | Before-Tax
Amount | Tax (Expense)
Benefit | Net of Tax | | June 30, 2026 | | | | | Available-for-sale debt securities: | | | | | Change in net unrealized (loss) gain during the period | $ | (17,517) | | $ | 4,379 | | $ | (13,138) | | | | | | | Net unrealized (losses) gains | (17,517) | | 4,379 | | (13,138) | | | Employee benefit plans: | | | | | Amortization of net retirement plan actuarial gain (loss) | 83 | | (20) | | 63 | | | Amortization of net retirement plan prior service cost | 97 | | (24) | | 73 | | | Employee benefit plans | 180 | | (44) | | 136 | | | Other comprehensive loss | $ | (17,337) | | $ | 4,335 | | $ | (13,002) | | | June 30, 2025 | | | | | Available-for-sale debt securities: | | | | | Change in net unrealized gain (loss) during the period | $ | 30,881 | | $ | (7,720) | | $ | 23,161 | | | | | | | Net unrealized gains (losses) | 30,881 | | (7,720) | | 23,161 | | | Employee benefit plans: | | | | | Amortization of net retirement plan actuarial gain (loss) | 190 | | (48) | | 142 | | | Amortization of net retirement plan prior service cost | 98 | | (24) | | 74 | | | Employee benefit plans | 288 | | (72) | | 216 | | | Other comprehensive income | $ | 31,169 | | $ | (7,792) | | $ | 23,377 | |
The following table presents the activity in our accumulated other comprehensive (loss) income for the periods indicated: | | | | | | | | | | | | | (In thousands) | Available-for-
Sale Debt Securities | Employee
Benefit Plans | Accumulated Other Comprehensive
(Loss) Income | | Balance at April 1, 2026 | $ | (14,146) | | $ | (11,952) | | $ | (26,098) | | | Other comprehensive income before reclassifications | (5,976) | | 0 | | (5,976) | | | Amounts reclassified from accumulated other comprehensive (loss) income | 0 | | 18 | | 18 | | | Net current-period other comprehensive (loss) income | (5,976) | | 18 | | (5,958) | | | Balance at June 30, 2026 | $ | (20,122) | | $ | (11,934) | | $ | (32,056) | | | Balance at January 1, 2026 | $ | (6,984) | | $ | (12,070) | | $ | (19,054) | | | Other comprehensive income (loss) before reclassifications | (13,138) | | 0 | | (13,138) | | | Amounts reclassified from accumulated other comprehensive income (loss) | 0 | | 136 | | 136 | | | Net current-period other comprehensive (loss) income | (13,138) | | 136 | | (13,002) | | | Balance at June 30, 2026 | $ | (20,122) | | $ | (11,934) | | $ | (32,056) | |
| | | | | | | | | | | | | (In thousands) | Available-for-
Sale Debt Securities | Employee
Benefit Plans | Accumulated Other Comprehensive
(Loss) Income | | Balance at April 1, 2025 | $ | (85,577) | | $ | (16,633) | | $ | (102,210) | | | Other comprehensive loss before reclassifications | 7,044 | | 0 | | 7,044 | | | Amounts reclassified from accumulated other comprehensive (loss) income | 0 | | 51 | | 51 | | | Net current-period other comprehensive income (loss) | 7,044 | | 51 | | 7,095 | | | Balance at June 30, 2025 | $ | (78,533) | | $ | (16,582) | | $ | (95,115) | | | Balance at January 1, 2025 | $ | (101,694) | | $ | (16,798) | | $ | (118,492) | | | Other comprehensive loss before reclassifications | 23,161 | | 0 | | 23,161 | | | Amounts reclassified from accumulated other comprehensive (loss) income | 0 | | 216 | | 216 | | | Net current-period other comprehensive income (loss) | 23,161 | | 216 | | 23,377 | | | Balance at June 30, 2025 | $ | (78,533) | | $ | (16,582) | | $ | (95,115) | |
The following tables present the amounts reclassified out of each component of accumulated other comprehensive (loss) income for the three and six months ended June 30, 2026 and 2025: | | | | | | | | | | | | | Details about Accumulated other Comprehensive Income (Loss) Components (In thousands) | Amount Reclassified from Accumulated Other Comprehensive (Loss) Income1 | Affected Line Item in the Statement Where Net Income is Presented | | 06/30/2026 | 06/30/2025 | | | Three Months Ended | | | | | Available-for-sale debt securities: | | | | | Unrealized gains and losses on available-for-sale debt securities | $ | 0 | | $ | 0 | | Net gain (loss) on securities transactions | | 0 | | 0 | | Income tax expense | | 0 | | 0 | | Net of tax | | Employee benefit plans: | | | | Amortization of the following2 | | | | | Net retirement plan actuarial loss | 26 | | (19) | | Other operating expense | | Net retirement plan prior service cost | (48) | | (49) | | Other operating expense | | (22) | | (68) | | Total before tax | | 4 | | 17 | | Income tax expense | | $ | (18) | | $ | (51) | | Net of tax | | Six Months Ended | | | | | Available-for-sale debt securities: | | | | | Unrealized gain (loss) on available-for-sale debt securities | $ | 0 | | $ | 0 | | Net loss on securities transactions | | 0 | | 0 | | Income tax expense | | 0 | | 0 | | Net of tax | | Employee benefit plans: | | | | Amortization of the following2 | | | | | Net retirement plan actuarial gain (loss) | (83) | | (190) | | Other operating expense | | Net retirement plan prior service cost | (97) | | (98) | | Other operating expense | | (180) | | (288) | | Total before tax | | 44 | | 72 | | Income tax expense | | $ | (136) | | $ | (216) | | Net of tax |
1 Amounts in parentheses indicate debits in income statement. 2 The accumulated other comprehensive (loss) income components are included in the computation of net periodic benefit cost (See Note 11 - "Employee Benefit Plans" in the Company's Annual Report on Form 10-K for the year ended December 31, 2025).
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