v3.26.1
Accumulated Other Comprehensive Income (Loss)
 6 Months Ended
Jun. 30, 2026
Accumulated Other Comprehensive Income (Loss) [Abstract]  
Accumulated Other Comprehensive Income (Loss)
(7) Accumulated Other Comprehensive Income (Loss)

The following is a summary of the accumulated other comprehensive income (loss) balances, net of tax:

   
Three months ended June 30, 2026
  
(dollars in thousands)
  
Balance at
4/1/2026
    
Other
Comprehensive
loss-Before
Reclassifications
    
Amount
reclassified
from Accumulated
other Comprehensive
Income
    
Other
Comprehensive loss-
Three months ended
6/30/2026
    
Balance at
6/30/2026
  
                               
Net unrealized holding loss on securities available for sale, net of tax
  
$
(13,321
)
  
$
(734
)
  
$
-
    
$
(734
)
  
$
(14,055
)
Net change in overfunded position in pension and postretirement plans arising during the year, net of tax
    
26,962
      
-
      
-
      
-
      
26,962
  
Net change in net actuarial gain and prior service cost on pension and postretirement benefit plans, net of tax
    
(5,400
)
    
-
      
(540
)
    
(540
)
    
(5,940
)
                                         
Accumulated other comprehensive income (loss), net of tax
  
$
8,241
    
$
(734
)
  
$
(540
)
  
$
(1,274
)
  
$
6,967
  

   
Three months ended June 30, 2025
  
(dollars in thousands)
  
Balance at
4/1/2025

Other
Comprehensive
loss-Before
Reclassifications

Amount
reclassified
from Accumulated
other Comprehensive
Income

Other Comprehensive
income-
Three months ended
6/30/2025


Balance at
6/30/2025
  
                               
Net unrealized holding loss on securities available for sale, net of tax
  
$
(17,765
)
  
$
2,336
    
$
-
    
$
2,336
    
$
(15,429
)
Net change in overfunded position in pension and postretirement plans arising during the year, net of tax
    
21,266
      
-
      
-
      
-
      
21,266
  
Net change in net actuarial gain and prior service cost on pension and postretirement benefit plans, net of tax
    
(3,633
)
    
-
      
(541
)
    
(541
)
    
(4,174
)
                                         
Accumulated other comprehensive (loss) income, net of tax
  
$
(132
)
  
$
2,336
    
$
(541
)
  
$
1,795
    
$
1,663
  

   
Six months ended June 30, 2026
  
(dollars in thousands)
    
Balance at
1/1/2026
    
Other
Comprehensive
loss-Before
Reclassifications
    
Amount
reclassified
from Accumulated
Other Comprehensive
Income		    
Other Comprehensive
loss-
Six months ended
6/30/2026		      
Balance at
6/30/2026
  
Net unrealized holding loss on securities available for sale, net of tax
  
$
(12,055
)
  
$
(2,000
)
    
-
    
$
(2,000
)
  
$
(14,055
)
Net change in overfunded position in pension and postretirement plans arising during the year, net of tax
    
26,962
      
-
      
-
      
-
      
26,962
  
Net change in net actuarial gain and prior service cost on pension and postretirement benefit plans, net of tax
    
(4,883
)
    
-
      
(1,057
)
    
(1,057
)
    
(5,940
)
                                         
Accumulated other comprehensive income (loss), net of tax
  
$
10,024
    
$
(2,000
)
  
$
(1,057
)
  
$
(3,057
)
  
$
6,967
  

   
Six months ended June 30, 2025
  
(dollars in thousands)
  
Balance at
1/1/2025
    
Other
Comprehensive
income-Before
Reclassifications
    
Amount
reclassified
from Accumulated
Other Comprehensive
Income
    
Other Comprehensive
income-
Six months ended
6/30/2025
    
Balance at
6/30/2025
  
                               
Net unrealized holding loss on securities available for sale, net of tax
  
$
(21,713
)
  
$
6,284
    
$
-
    
$
6,284
    
$
(15,429
)
Net change in overfunded position in pension and postretirement plans arising during the year, net of tax
    
21,266
      
-
      
-
      
-
      
21,266
  
Net change in net actuarial gain and prior service credit on pension and postretirement benefit plans, net of tax
    
(3,414
)
    
-
      
(760
)
    
(760
)
    
(4,174
)
                                         
Accumulated other comprehensive (loss) income, net of tax
  
$
(3,861
)
  
$
6,284
    
$
(760
)
  
$
5,524
    
$
1,663
  
The following represents the reclassifications out of accumulated other comprehensive income (loss) for the three and six months ended June 30, 2026 and 2025:

(dollars in thousands)
 
Three months ended
June 30,

Six months ended
June 30,
 
 
 
  
2026
    
2025
    
2026
    
2025
  
Affected Line Item in Financial Statements
Amortization of pension and postretirement benefit items:
                        
     
Amortization of net actuarial gain
  
$
733
    
$
737
    
$
1,434
    
$
1,034
  
Salaries and employee benefits
Amortization of prior service cost
    
(3
)
    
(4
)
    
(6
)
    
(7
)
Salaries and employee benefits
Income tax benefit
    
(190
)
    
(192
)
    
(371
)
    
(267
)
Income taxes
Net of tax
    
540
      
541
      
1,057
      
760
  
 
 
                                
      
Total reclassifications, net of tax
  
$
540
    
$
541
    
$
1,057
    
$
760