v3.26.3
Note 9 - Comprehensive Income
9 Months Ended
Sep. 30, 2026
Notes to Financial Statements  
Comprehensive Income (Loss) Note [Text Block]

 

Note 9. Comprehensive Income

 

Total comprehensive income includes all changes in equity during a period from transactions and other events and circumstances from non-owner sources. The Company’s OCI is comprised of unrealized holding gains and losses on available-for-sale securities, unrealized gains and losses on cash flow hedges, obligations for defined benefit pension plan and an adjustment to reflect the curtailment of the Company’s defined benefit pension plan, each net of taxes.

 

The following table represents the reclassification out of accumulated other comprehensive income (loss) for the periods presented (dollars in thousands):

 

Details about Accumulated Other Comprehensive Income (Loss) Components

 

Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)

 

 

Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)

 

Affected Line item in the Consolidated Statements of Income

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

Interest income on cash flow hedges

 

$2,387

 

 

$4,709

 

 

$7,451

 

 

$13,319

 

Borrowings and deposits expense

 

 

 

(737

)

 

 

(1,324)

 

 

(2,300

)

 

 

(3,744)

Income tax expense

Total reclassification

 

$1,650

 

 

$3,385

 

 

$5,151

 

 

$9,575

 

 

  

 

 

Accumulated other comprehensive income (loss) as of  September 30, 2026 and  December 31, 2025 consisted of the following:

 

 

 

September 30, 2026

 

 

December 31, 2025

 

 

 

(dollars in thousands)

 

Available-for-sale securities, net of tax

 

$(95,782

)

 

$(40,652)

Cash flow hedge, net of tax

 

 

12,072

 

 

 

7,904

 

Defined benefit pension and post-retirement plans, net of tax

 

 

852

 

 

 

852

 

Total

 

$(82,858

)

 

$(31,896)