v3.26.1
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
 6 Months Ended
Jun. 30, 2026
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of components of other comprehensive income (loss)
The following tables present the components of other comprehensive income (loss) for the periods presented:

(dollars in thousands)Before TaxTax EffectNet of Tax
Three Months Ended June 30, 2026
Net change in fair value of investment securities:
Net unrealized losses on AFS investment securities arising during the period$(3,243)$(862)$(2,381)
Less: Amortization of unrealized losses on investment securities transferred to HTM1,687 446 1,241 
Net change in fair value of investment securities(1,556)(416)(1,140)
Net change in fair value of derivatives:
Net unrealized gains arising during the period724 191 533 
Net change in fair value of derivatives724 191 533 
Other comprehensive loss$(832)$(225)$(607)

(dollars in thousands)Before TaxTax EffectNet of Tax
Three Months Ended June 30, 2025
Net change in fair value of investment securities:
Net unrealized gains on AFS investment securities arising during the period$2,347 $619 $1,728 
Less: Amortization of unrealized losses on investment securities transferred to HTM1,773 468 1,305 
Net change in fair value of investment securities4,120 1,087 3,033 
Net change in fair value of derivatives:
Net unrealized losses arising during the period(1,529)(403)(1,126)
Other comprehensive income$2,591 $684 $1,907 
(dollars in thousands)Before TaxTax EffectNet of Tax
Six Months Ended June 30, 2026
Net change in fair value of investment securities:
Net unrealized losses on AFS investment securities arising during the period$(5,877)$(1,578)$(4,299)
Less: Amortization of unrealized losses on investment securities transferred to HTM3,217 833 2,384 
Net change in fair value of investment securities(2,660)(745)(1,915)
Net change in fair value of derivatives:
Net unrealized gains arising during the period1,124 298 826 
SERP:
Amortization of net actuarial gain1 — 1 
SERP1 — 1 
Other comprehensive loss$(1,535)$(447)$(1,088)
(dollars in thousands)Before TaxTax EffectNet of Tax
Six Months Ended June 30, 2025
Net change in fair value of investment securities:
Net unrealized gains on AFS investment securities arising during the period$17,634 $4,651 $12,983 
Less: Amortization of unrealized losses on investment securities transferred to HTM3,325 877 2,448 
Net change in fair value of investment securities20,959 5,528 15,431 
Net change in fair value of derivatives:
Net unrealized losses arising during the period$(3,622)$(955)$(2,667)
Other comprehensive income$17,337 $4,573 $12,764 
Schedule of changes in each component of AOCI, net of tax
The following tables present the changes in each component of accumulated other comprehensive income (loss), net of tax, for the periods presented:

(dollars in thousands)Investment SecuritiesDerivativesSERPAOCI
Three Months Ended June 30, 2026
Balance at beginning of period$(91,669)$3,533 $387 $(87,749)
Other comprehensive (loss) income before reclassifications(2,381)533 — (1,848)
Reclassification adjustments from AOCI1,241 — — 1,241 
Total other comprehensive (loss) income(1,140)533 — (607)
Balance at end of period$(92,809)$4,066 $387 $(88,356)

(dollars in thousands)Investment SecuritiesDerivativesSERPAOCI
Three Months Ended June 30, 2025
Balance at beginning of period$(109,093)$4,953 $575 $(103,565)
Other comprehensive income (loss) before reclassifications1,728 (1,126)— 602 
Reclassification adjustments from AOCI1,305 — — 1,305 
Total other comprehensive income (loss)3,033 (1,126)— 1,907 
Balance at end of period$(106,060)$3,827 $575 $(101,658)
(dollars in thousands)Investment SecuritiesDerivativesSERPAOCI
Six Months Ended June 30, 2026
Balance at beginning of period$(90,894)$3,240 $386 $(87,268)
Other comprehensive (loss) income before reclassifications(4,299)826 — (3,473)
Reclassification adjustments from AOCI2,384 — 1 2,385 
Total other comprehensive (loss) income(1,915)826 1 (1,088)
Balance at end of period$(92,809)$4,066 $387 $(88,356)
(dollars in thousands)Investment SecuritiesDerivativesSERPAOCI
Six Months Ended June 30, 2025
Balance at beginning of period$(121,491)$6,494 $575 $(114,422)
Other comprehensive income (loss) before reclassifications12,983 (2,667)— 10,316 
Reclassification adjustments from AOCI2,448 — — 2,448 
Total other comprehensive income (loss)15,431 (2,667)— 12,764 
Balance at end of period$(106,060)$3,827 $575 $(101,658)
Schedule of amounts reclassified out of each component of AOCI
The following tables present the amounts reclassified out of each component of AOCI for the periods presented:

Amount Reclassified from AOCIAffected Line Item in the Statement Where Net Income is Presented
(dollars in thousands)Three Months Ended June 30,
Details about AOCI Components20262025
Amortization of unrealized losses on investment securities transferred to HTM:
Amortization$1,687 $1,773 Interest and dividends on investment securities
Tax effect(446)(468)Income tax benefit
Net of tax1,241 1,305 
Total reclassification adjustments from AOCI for the period, net of tax$1,241 $1,305 
Amount Reclassified from AOCIAffected Line Item in the Statement Where Net Income is Presented
(dollars in thousands)Six Months Ended June 30,
Details about AOCI Components20262025
Amortization of unrealized losses on investment securities transferred to HTM:
Amortization$3,217 $3,325 Interest and dividends on investment securities
Tax effect(833)(877)Income tax benefit
Net of tax2,384 2,448 
SERP:
Amortization of net actuarial gain1 — Other operating expense - other
Tax effect— — Income tax expense
Net of tax1 — 
Total reclassification adjustments from AOCI for the period, net of tax$2,385 $2,448