Summary of changes in accumulated other comprehensive income (loss) |
The following is a summary of changes in accumulated other comprehensive income (loss) by component, net of tax, for the three months ended March 31, 2023 and 2022: | | | | | | | | | | | | | | | Three Months Ended March 31, 2023 | | | Unrealized | | | | | | | | | | | | Gains and | | | | | | | | | | | | Losses on | | | | | Deferred | | | | | | Available-for- | | Defined Benefit | | Compensation | | | | | | Sale Securities | | Pension Items | | Liability | | Total | Beginning balance | | $ | (60,430) | | $ | (7,889) | | $ | 123 | | $ | (68,196) | Other comprehensive income/(loss) before reclassification, net | | | 4,717 | | | 395 | | | (3) | | | 5,109 | Credit loss expense | | | 5,000 | | | | | | | | | 5,000 | Less amounts reclassified from accumulated other comprehensive income | | | (87) | | | — | | | — | | | (87) | Net current period other comprehensive income/(loss) | | | 9,630 | | | 395 | | | (3) | | | 10,022 | Ending balance | | $ | (50,800) | | $ | (7,494) | | $ | 120 | | $ | (58,174) |
| | | | | | | | | | | | | | | Three Months Ended March 31, 2022 | | | Unrealized | | | | | | | | | | | | Gains and | | | | | | | | | | | | Losses on | | | | | Deferred | | | | | | Available-for- | | Defined Benefit | | Compensation | | | | | | Sale Securities | | Pension Items | | Liability | | Total | Beginning balance | | $ | (1,072) | | $ | (2,506) | | $ | 135 | | $ | (3,443) | Other comprehensive income/(loss) before reclassification | | | (22,594) | | | 206 | | | (3) | | | (22,391) | Less amounts reclassified from accumulated other comprehensive income | | | — | | | 8 | | | — | | | 8 | Net current period other comprehensive income/(loss) | | | (22,594) | | | 198 | | | (3) | | | (22,399) | Ending balance | | $ | (23,666) | | $ | (2,308) | | $ | 132 | | $ | (25,842) |
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