XML 16 R5.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Before Tax Amount    
Income (loss) before tax amount $ 25,556 $ 26,081
Net unrealized gains (losses) on available-for-sale investment securities, before tax amount    
Net unrealized holding (losses) gains arising during the period (2,989) 5,393
Provision for credit losses 86 292
Other comprehensive income (loss), securities, available-for-sale, adjustment, before tax (2,903) 5,685
Net unrealized gains (losses) on interest rate swaps used in cash flow hedges, before tax amount    
Net unrealized holding (losses) gains arising during the period (4,013) 1,306
Less: reclassification adjustment for net losses realized in net income [1] 1,586 1,060
Total net unrealized (losses) gains on interest rate swaps used in cash flow hedges (2,427) 2,366
Defined benefit pension plans, Before Tax Amount    
Amortization of net actuarial loss included in net periodic pension costs [2] 147 246
Total defined benefit pension plans 147 246
Other comprehensive income (loss), before tax amount (5,183) 8,297
Total comprehensive income (loss), before tax amount 20,373 34,378
Tax Expense (Benefit)    
Income tax expense 5,251 5,047
Net unrealized gains (losses) on available-for-sale investment securities, tax expense (benefit)    
Other comprehensive income (loss), securities, available-for-sale, unrealized holding gain (loss) arising during period, tax (628) 1,133
(Reversal of provision) provision for credit losses, tax 18 61
Total net unrealized (losses) gains on available-for-sale investment securities (610) 1,194
Net unrealized gains (losses) on interest rate swaps used in cash flow hedges, tax expense (benefit)    
Net unrealized holding (losses) gains arising during the period (843) 274
Less: reclassification adjustment for net losses realized in net income [1] 333 223
Total net unrealized (losses) gains on interest rate swaps used in cash flow hedges (510) 497
Defined benefit pension plans, tax expense (benefit)    
Amortization of net actuarial loss included in net periodic pension costs [2] 31 52
Other comprehensive (income) loss, defined benefit plan, after reclassification adjustment, tax 31 52
Other comprehensive income (loss), tax expense (benefit) (1,089) 1,743
Total comprehensive income (loss), tax expense (benefit) 4,162 6,790
Net of Tax Amount    
Net income 20,305 21,034
Net unrealized gains (losses) on available-for-sale investment securities, net of tax amount    
Net unrealized holding (losses) gains arising during the period (2,361) 4,260
Provision for credit losses (68) (231)
Other comprehensive income (loss), securities, available-for-sale, adjustment, after tax (2,293) 4,491
Net unrealized gains (losses) on interest rate swaps used in cash flow hedges, net of tax amount    
Net unrealized holding (losses) gains arising during the period (3,170) 1,032
Less: reclassification adjustment for net losses realized in net income [1] 1,253 837
Total net unrealized (losses) gains on interest rate swaps used in cash flow hedges (1,917) 1,869
Defined benefit pension plans, net of tax amount    
Amortization of net actuarial loss included in net periodic pension costs [2] 116 194
Other comprehensive (income) loss, defined benefit plan, after reclassification adjustment, after tax 116 194
Other comprehensive income (loss), net of tax amount (4,094) 6,554
Total comprehensive income (loss), net of tax amount $ 16,211 $ 27,588
[1]
(1) Included in interest expense on demand deposits on the condensed consolidated statements of income (before tax amount).
[2]
(2) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (before tax amount). See Note 8, "Retirement Plans and Other Postretirement Benefits" for additional details.
Note: See accompanying notes to the unaudited condensed consolidated financial statements.