| Accumulated Other Comprehensive Loss |
Note 8 – Accumulated Other Comprehensive Loss
The following tables present the changes in accumulated other comprehensive loss by component, net of tax, for the three and nine months ended September 30, 2026 and 2025 (in thousands):
| |
|
Three months ended September 30, 2026
|
|
| |
|
Unrealized gain
(loss) on available
for sale securities
(a)
|
|
|
Defined Benefit
Pension Items
(a)
|
|
|
Unrealized gain
on interest rate
swap (a)
|
|
|
Total
|
|
|
Balance as of June 30, 2026
|
|
$
|
(14,900 |
)
|
|
$
|
(297 |
)
|
|
$
|
1,835 |
|
|
$
|
(13,362 |
) |
Other comprehensive income (loss) before reclassifications (net of tax)
|
|
|
(11,233 |
)
|
|
|
- |
|
|
|
299 |
|
|
|
(10,934 |
) |
|
Amounts reclassified from accumulated other comprehensive income (loss) (net of tax)
|
|
|
- |
|
|
|
- |
|
|
|
(228 |
)
|
|
|
(228 |
) |
|
Net current period other comprehensive income (loss)
|
|
|
(11,233 |
)
|
|
|
- |
|
|
|
71 |
|
|
|
(11,162 |
) |
|
Balance as of September 30, 2026
|
|
$
|
(26,133 |
)
|
|
$
|
(297 |
)
|
|
$
|
1,906 |
|
|
$
|
(24,524 |
) |
| |
|
Nine months ended September 30, 2026
|
|
| |
|
Unrealized gain
(loss) on available
for sale securities
(a)
|
|
|
Defined Benefit
Pension Items
(a)
|
|
|
Unrealized gain
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) |
|
|
(12,088 |
)
|
|
|
- |
|
|
|
636 |
|
|
|
(11,452 |
) |
|
Amounts reclassified from accumulated other comprehensive income (loss) (net of tax)
|
|
|
- |
|
|
|
- |
|
|
|
(695 |
)
|
|
|
(695 |
) |
|
Net current period other comprehensive income (loss)
|
|
|
(12,088 |
)
|
|
|
- |
|
|
|
(59 |
)
|
|
|
(12,147 |
) |
|
Balance as of September 30, 2026
|
|
$
|
(26,133 |
)
|
|
$
|
(297 |
)
|
|
$
|
1,906 |
|
|
$
|
(24,524 |
) |
| |
|
Three months ended September 30, 2025
|
|
| |
|
Unrealized gain
(loss) on available
for sale securities (a)
|
|
|
Defined Benefit
Pension Items
(a)
|
|
|
Unrealized gain
on interest rate
swap (a)
|
|
|
Total
|
|
|
Balance as of June 30, 2025
|
|
$
|
(23,111 |
)
|
|
$
|
(304 |
)
|
|
$
|
2,389 |
|
|
$
|
(21,026 |
) |
Other comprehensive income (loss) before reclassifications (net of tax)
|
|
|
6,609 |
|
|
|
- |
|
|
|
45 |
|
|
|
6,654 |
|
Amounts reclassified from accumulated other comprehensive income (loss) (net of tax)
|
|
|
- |
|
|
|
- |
|
|
|
(278 |
)
|
|
|
(278 |
) |
|
Net current period other comprehensive income (loss)
|
|
|
6,609 |
|
|
|
- |
|
|
|
(233 |
)
|
|
|
6,376 |
|
|
Balance as of September 30, 2025
|
|
$
|
(16,502 |
)
|
|
$
|
(304 |
)
|
|
$
|
2,156 |
|
|
$
|
(14,650 |
) |
| |
|
Nine months ended September 30, 2025
|
|
| |
|
Unrealized gain
(loss) on available
for sale securities (a)
|
|
|
Defined Benefit
Pension Items
(a)
|
|
|
Unrealized gain
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)
|
|
|
10,062 |
|
|
|
- |
|
|
|
(95 |
)
|
|
|
9,967 |
|
Amounts reclassified from accumulated other comprehensive income (loss) (net of tax)
|
|
|
- |
|
|
|
- |
|
|
|
(1,096 |
)
|
|
|
(1,096 |
) |
|
Net current period other comprehensive income (loss)
|
|
|
10,062 |
|
|
|
- |
|
|
|
(1,191 |
)
|
|
|
8,871 |
|
|
Balance as of September 30, 2025
|
|
$
|
(16,502 |
)
|
|
$
|
(304 |
)
|
|
$
|
2,156 |
|
|
$
|
(14,650 |
) |
(a) Amounts in parentheses indicate debits on the Consolidated Balance Sheet.
The following table presents the significant amounts reclassified out of each component of accumulated other comprehensive loss for the three and nine months ended September 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 September 30,
|
|
|
| |
|
2026
|
|
|
2025
|
|
|
|
Unrealized gain (loss) on interest rate swap
|
|
$
|
288 |
|
|
$
|
353 |
|
Interest expense
|
| |
|
|
(60 |
)
|
|
|
(75 |
)
|
Provision for income taxes
|
| |
|
$
|
228 |
|
|
$
|
278 |
|
Net of tax
|
|
Total reclassifications
|
|
$
|
228 |
|
|
$
|
278 |
|
|
| |
|
Nine Months Ended September 30,
|
|
|
| |
|
|
2026
|
|
|
|
2025
|
|
|
|
Unrealized gain (loss) on interest rate swap
|
|
$ |
879 |
|
|
$ |
1,388 |
|
Interest expense
|
|
|
|
(184 |
)
|
|
|
(292 |
)
|
Provision for income taxes
|
|
|
$ |
695 |
|
|
$ |
1,096 |
|
Net of tax
|
|
Total reclassifications
|
|
$ |
695 |
|
|
$ |
1,096 |
|
|
(a) Amounts in parentheses indicate expenses and other amounts indicate income on the Consolidated Statement of Income
|