| Comprehensive Income/(Loss) |
NOTE 10. COMPREHENSIVE INCOME/(LOSS) The activity in AOCI for the nine months ended September 30, 2026 and 2025 is as follows: Table 28: Accumulated Other Comprehensive Income/(Loss) (1)
|
|
|
|
|
|
|
|
|
|
|
|
|
(unaudited, in thousands) |
|
Defined
Benefit
Plans |
|
|
Unrealized
Gains (Losses)
on Debt Securities
Available-for-Sale |
|
|
Total |
|
Balance at December 31, 2025 |
|
$ |
6,584 |
|
|
$ |
(139,904 |
) |
|
$ |
(133,320 |
) |
Other comprehensive loss before reclassifications |
|
|
— |
|
|
|
(100,805 |
) |
|
|
(100,805 |
) |
Amounts reclassified from accumulated other comprehensive loss |
|
|
(690 |
) |
|
|
(884 |
) |
|
|
(1,574 |
) |
Period change |
|
|
(690 |
) |
|
|
(101,689 |
) |
|
|
(102,379 |
) |
Balance at September 30, 2026 |
|
$ |
5,894 |
|
|
$ |
(241,593 |
) |
|
$ |
(235,699 |
) |
|
|
|
|
|
|
|
|
|
|
Balance at December 31, 2024 |
|
$ |
5,124 |
|
|
$ |
(223,756 |
) |
|
$ |
(218,632 |
) |
Other comprehensive income before reclassifications |
|
|
— |
|
|
|
70,930 |
|
|
|
70,930 |
|
Amounts reclassified from accumulated other comprehensive income |
|
|
(416 |
) |
|
|
(551 |
) |
|
|
(967 |
) |
Period change |
|
|
(416 |
) |
|
|
70,379 |
|
|
|
69,963 |
|
Balance at September 30, 2025 |
|
$ |
4,708 |
|
|
$ |
(153,377 |
) |
|
$ |
(148,669 |
) |
(1)All amounts are net of tax. Related income tax expense or benefit is calculated using a combined Federal and State income tax rate approximating 23% in both periods presented. The following table provides details about amounts reclassified from AOCI for the three and nine months ended September 30, 2026 and 2025: Table 29: Reclassifications from AOCI
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AOCI Component Details |
|
For the Three Months
Ended September 30, |
|
|
For the Nine Months
Ended September 30, |
|
|
|
Affected Line Item in the Statement
of Comprehensive Income |
(unaudited, in thousands) |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
|
|
|
Debt securities available-for-sale (1): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net securities gains reclassified into earnings |
|
$ |
(62 |
) |
|
$ |
(55 |
) |
|
$ |
(200 |
) |
|
$ |
(104 |
) |
|
|
Net securities gains/(losses) (Non-interest income) |
Related income tax effect ⁽²⁾ |
|
|
14 |
|
|
|
16 |
|
|
|
46 |
|
|
|
30 |
|
|
|
Provision for income taxes |
Amortization of state tax rate change
reclassified into earnings |
|
|
(243 |
) |
|
|
(209 |
) |
|
|
(730 |
) |
|
|
(477 |
) |
|
|
Provision for income taxes |
Net effect on accumulated other comprehensive
income for the period |
|
|
(291 |
) |
|
|
(248 |
) |
|
|
(884 |
) |
|
|
(551 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Defined benefit plans (3): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of net gain and prior service costs |
|
|
(302 |
) |
|
|
(186 |
) |
|
|
(896 |
) |
|
|
(552 |
) |
|
|
Employee benefits (Non-interest expense) |
Related income tax effect ⁽²⁾ |
|
|
70 |
|
|
|
45 |
|
|
|
206 |
|
|
|
136 |
|
|
|
Provision for income taxes |
Net effect on accumulated other comprehensive
income for the period |
|
|
(232 |
) |
|
|
(141 |
) |
|
|
(690 |
) |
|
|
(416 |
) |
|
|
|
Total reclassifications for the period |
|
$ |
(523 |
) |
|
$ |
(389 |
) |
|
$ |
(1,574 |
) |
|
$ |
(967 |
) |
|
|
|
(1)For additional detail related to unrealized gains on securities and related amounts reclassified from AOCI, see Note 3, “Securities.” (2)Income tax expense or benefit is calculated using a combined Federal and State income tax rate approximating 23% in both periods presented. (3)Included in the computation of net periodic pension cost. See Note 7, “Benefit Plans” for additional detail. |