| Changes in the Components of Accumulated Other Comprehensive Income (Loss), Net of Tax |
Changes in the components of AOCI, net of tax, for the periods indicated are summarized in the tables below.
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For the three months ended June 30, 2026 |
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(In thousands) |
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Net Unrealized Loss on Retirement Plans |
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Unrealized Loss on Available-for-Sale Securities |
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Unrealized Gain on Derivatives and Hedging Activities |
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Total |
|
Beginning balance |
|
$ |
(1,219 |
) |
|
$ |
(5,590 |
) |
|
$ |
94 |
|
|
$ |
(6,715 |
) |
Other comprehensive loss before reclassifications |
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|
- |
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|
(375 |
) |
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|
(32 |
) |
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|
(407 |
) |
Amounts reclassified from AOCI |
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|
(1 |
) |
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|
- |
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|
- |
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|
(1 |
) |
Ending balance |
|
$ |
(1,220 |
) |
|
$ |
(5,965 |
) |
|
$ |
62 |
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|
$ |
(7,123 |
) |
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For the three months ended June 30, 2025 |
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(In thousands) |
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Net Unrealized Loss on Retirement Plans |
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Unrealized Loss on Available-for-Sale Securities |
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Unrealized Gain on Derivatives and Hedging Activities |
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Total |
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Beginning balance |
|
$ |
(1,967 |
) |
|
$ |
(6,801 |
) |
|
$ |
336 |
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|
$ |
(8,432 |
) |
Other comprehensive loss before reclassifications |
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- |
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(391 |
) |
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(60 |
) |
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|
(451 |
) |
Amounts reclassified from AOCI |
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|
25 |
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- |
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- |
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|
25 |
|
Ending balance |
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$ |
(1,942 |
) |
|
$ |
(7,192 |
) |
|
$ |
276 |
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|
$ |
(8,858 |
) |
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For the six months ended June 30, 2026 |
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(In thousands) |
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Net Unrealized Loss on Retirement Plans |
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Unrealized Loss on Available-for-Sale Securities |
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Unrealized Gain on Derivatives and Hedging Activities |
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Total |
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Beginning balance |
|
$ |
(1,218 |
) |
|
$ |
(4,303 |
) |
|
$ |
154 |
|
|
$ |
(5,367 |
) |
Other comprehensive loss before reclassifications |
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- |
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(1,662 |
) |
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(92 |
) |
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|
(1,754 |
) |
Amounts reclassified from AOCI |
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(2 |
) |
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- |
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- |
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(2 |
) |
Ending balance |
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$ |
(1,220 |
) |
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$ |
(5,965 |
) |
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$ |
62 |
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$ |
(7,123 |
) |
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For the six months ended June 30, 2025 |
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(In thousands) |
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Net Unrealized Loss on Retirement Plans |
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Unrealized Loss on Available-for-Sale Securities |
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Unrealized Gain on Derivatives and Hedging Activities |
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Total |
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Beginning balance |
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$ |
(1,992 |
) |
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$ |
(7,548 |
) |
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$ |
396 |
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|
$ |
(9,144 |
) |
Other comprehensive income (loss) before reclassifications |
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- |
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|
352 |
|
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|
(120 |
) |
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|
232 |
|
Amounts reclassified from AOCI |
|
|
50 |
|
|
|
4 |
|
|
|
- |
|
|
|
54 |
|
Ending balance |
|
$ |
(1,942 |
) |
|
$ |
(7,192 |
) |
|
$ |
276 |
|
|
$ |
(8,858 |
) |
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| Schedule of Amounts Reclassified Out of Each Component of AOCI |
The following table presents the amounts reclassified out of each component of AOCI for the indicated periods:
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Amount Reclassified from AOCI 1 |
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(In thousands) |
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For the three months ended, |
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For the six months ended, |
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Details about AOCI 1 components |
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Affected Line Item in the Statement of Income |
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June 30, 2026 |
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June 30, 2025 |
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June 30, 2026 |
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June 30, 2025 |
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Retirement plan items |
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Retirement plan net gains (losses)
recognized in plan expenses 2 |
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Salaries and employee benefits |
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$ |
1 |
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$ |
(34 |
) |
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$ |
2 |
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$ |
(67 |
) |
Tax effect |
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Provision for income taxes |
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|
- |
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9 |
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- |
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17 |
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Net Income |
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$ |
1 |
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$ |
(25 |
) |
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$ |
2 |
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$ |
(50 |
) |
Available-for-sale securities |
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Realized losses on sale of securities |
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Net realized losses on sales and
redemptions of investment
securities |
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$ |
- |
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$ |
- |
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$ |
- |
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$ |
(5 |
) |
Tax effect |
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Provision for income taxes |
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- |
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- |
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- |
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1 |
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Net Income |
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$ |
- |
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$ |
- |
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$ |
- |
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$ |
(4 |
) |
1 Amounts in parentheses indicate debits in net income. 2 These items are included in net periodic pension cost. See Note 5 for additional information.
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