| Changes in Accumulated Other Comprehensive Loss by Component, Net of Tax |
The following tables present the changes in accumulated other comprehensive loss by component, net of tax, for the three and six months ended June 30, 2026 and 2025 (in thousands):
| |
|
Three months ended June 30, 2026
|
|
| |
|
Unrealized gain (loss)
on available for sale
securities (a)
|
|
|
Defined Benefit
Pension Items (a)
|
|
|
Unrealized loss on
interest rate swap
(a)
|
|
|
Total
|
|
|
Balance as of March 31, 2026
|
|
$
|
(16,277 |
)
|
|
$
|
(297 |
)
|
|
$
|
1,892 |
|
|
$
|
(14,682 |
) |
Other comprehensive income (loss) before reclassifications (net of tax)
|
|
|
1,377 |
|
|
|
- |
|
|
|
168 |
|
|
|
1,545 |
|
Amounts reclassified from accumulated other comprehensive income (loss) (net of tax)
|
|
|
- |
|
|
|
- |
|
|
|
(225 |
)
|
|
|
(225 |
) |
|
Net current period other comprehensive income (loss)
|
|
|
1,377 |
|
|
|
- |
|
|
|
(57 |
)
|
|
|
1,320 |
|
|
Balance as of June 30, 2026
|
|
$
|
(14,900 |
)
|
|
$
|
(297 |
)
|
|
$
|
1,835 |
|
|
$
|
(13,362 |
) |
| |
|
Six months ended June 30, 2026
|
|
| |
|
Unrealized gain (loss)
on available for sale
securities (a)
|
|
|
Defined Benefit
Pension Items (a)
|
|
|
Unrealized loss on
interest rate swap
(a)
|
|
|
Total
|
|
|
Balance as of December 31, 2025
|
|
$
|
(14,045 |
)
|
|
$
|
(297 |
)
|
|
$
|
1,965 |
|
|
$
|
(12,377 |
) |
Other comprehensive income (loss) before reclassifications (net of tax)
|
|
|
(855 |
)
|
|
|
- |
|
|
|
337 |
|
|
|
(518 |
) |
Amounts reclassified from accumulated other comprehensive income (loss) (net of tax)
|
|
|
- |
|
|
|
- |
|
|
|
(467 |
)
|
|
|
(467 |
) |
|
Net current period other comprehensive income (loss)
|
|
|
(855 |
)
|
|
|
- |
|
|
|
(130 |
)
|
|
|
(985 |
) |
|
Balance as of June 30, 2026
|
|
$
|
(14,900 |
)
|
|
$
|
(297 |
)
|
|
$
|
1,835 |
|
|
$
|
(13,362 |
) |
| |
|
Three months ended June 30, 2025
|
|
| |
|
Unrealized gain (loss) on
available for sale
securities (a)
|
|
|
Defined Benefit
Pension Items (a)
|
|
|
Unrealized loss on
interest rate swap (a)
|
|
|
Total
|
|
|
Balance as of March 31, 2025
|
|
$
|
(22,663 |
)
|
|
$
|
(304 |
)
|
|
$
|
2,728 |
|
|
$
|
(20,239 |
) |
Other comprehensive income (loss) before reclassifications (net of tax)
|
|
|
(448 |
)
|
|
|
- |
|
|
|
55 |
|
|
|
(393 |
) |
Amounts reclassified from accumulated other comprehensive income (loss) (net of tax)
|
|
|
- |
|
|
|
- |
|
|
|
(394 |
)
|
|
|
(394 |
) |
|
Net current period other comprehensive income (loss)
|
|
|
(448 |
)
|
|
|
- |
|
|
|
(339 |
)
|
|
|
(787 |
) |
|
Balance as of June 30, 2025
|
|
$
|
(23,111 |
)
|
|
$
|
(304 |
)
|
|
$
|
2,389 |
|
|
$
|
(21,026 |
) |
| |
|
Six months ended June 30, 2025
|
|
| |
|
Unrealized gain (loss) on
available for sale
securities (a)
|
|
|
Defined Benefit
Pension Items (a)
|
|
|
Unrealized loss on
interest rate swap (a)
|
|
|
Total
|
|
|
Balance as of December 31, 2024
|
|
$
|
(26,564 |
)
|
|
$
|
(304 |
)
|
|
$
|
3,347 |
|
|
$
|
(23,521 |
) |
Other comprehensive income (loss) before reclassifications (net of tax)
|
|
|
3,453 |
|
|
|
- |
|
|
|
(140 |
)
|
|
|
3,313 |
|
Amounts reclassified from accumulated other comprehensive income (loss) (net of tax)
|
|
|
- |
|
|
|
- |
|
|
|
(818 |
)
|
|
|
(818 |
) |
|
Net current period other comprehensive income (loss)
|
|
|
3,453 |
|
|
|
- |
|
|
|
(958 |
)
|
|
|
2,495 |
|
|
Balance as of June 30, 2025
|
|
$
|
(23,111 |
)
|
|
|
|
|
|
$
|
2,389 |
|
|
$
|
(21,026 |
) |
(a) Amounts in parentheses indicate debits on the Consolidated Balance Sheet.
|
| Significant Amounts Reclassified Out of Each Component of Accumulated Other Comprehensive Loss |
The following table presents the significant amounts reclassified out of each component of accumulated other comprehensive loss for the three and six months ended June 30, 2026 and 2025 (in thousands):
|
Details about accumulated other comprehensive income (loss)
|
|
Amount reclassified from accumulated comprehensive
income (loss) (a)
|
|
Affected line item in the
Consolidated Statement of Income
|
| |
|
Three Months Ended June 30,
|
|
|
| |
|
2026
|
|
|
2025
|
|
|
|
Unrealized gain (loss) on interest rate swap
|
|
$
|
285 |
|
|
$
|
498 |
|
Interest expense
|
| |
|
|
(60 |
)
|
|
|
(104 |
)
|
Provision for income taxes
|
| |
|
$
|
225 |
|
|
$
|
394 |
|
Net of tax
|
|
Total reclassifications
|
|
$
|
225 |
|
|
$
|
394 |
|
|
| |
|
Six Months Ended June 30,
|
|
|
| |
|
|
2026
|
|
|
|
2025
|
|
|
|
Unrealized gain (loss) on interest rate swap
|
|
$
|
591 |
|
|
$
|
1,035 |
|
Interest expense
|
| |
|
|
(124 |
)
|
|
|
(217 |
)
|
Provision for income taxes
|
| |
|
$
|
467 |
|
|
$
|
818 |
|
Net of tax
|
|
Total reclassifications
|
|
$
|
467 |
|
|
$
|
818 |
|
|
(a) Amounts in parentheses indicate expenses and other amounts indicate income on the Consolidated Statement of Income.
|