ACCUMULATED OTHER COMPREHENSIVE LOSS

9 Months Ended

Sep. 30, 2023

The following table summarizes the changes in the balances of each component of accumulated other comprehensive income (loss), net of tax, as of September 30, 2023 and 2022:


	Accumulated Other Comprehensive Income (Loss)
	Unrealized Gains (Losses) on Securities Available for Sale		Unrealized Gains (Losses) on Cash Flow Hedges		Unrealized Gains (Losses) on Defined Benefit Plans		Total
Balance at December 31, 2022	$	(234,495)	$	130	$	(4,786)	$	(239,151)
Other comprehensive loss before reclassifications	(71,633)		(142)		—		(71,775)
Amounts reclassified from accumulated other comprehensive income	3,644		12		—		3,656
Period change	(67,989)		(130)		—		(68,119)

Balance at September 30, 2023	$	(302,484)	$	—	$	(4,786)	$	(307,270)


Balance at December 31, 2021	$	59,774	$	(660)	$	(4,001)	$	55,113
Other comprehensive income (loss) before reclassifications	(369,096)		400		—		(368,696)
Amounts reclassified from accumulated other comprehensive income	(898)		392		—		(506)
Period change	(369,994)		792		—		(369,202)

Balance at September 30, 2022	$	(310,220)	$	132	$	(4,001)	$	(314,089)

The following tables present the reclassification adjustments out of accumulated other comprehensive income (loss) that were included in net income in the Consolidated Condensed Statements of Income for the three and nine months ended September 30, 2023 and 2022.


	Amount Reclassified from Accumulated Other Comprehensive Income (Loss) For the Three Months Ended September 30,
Details about Accumulated Other Comprehensive Income (Loss) Components	2023		2022		Affected Line Item in the Statements of Income
Unrealized gains (losses) on available for sale securities (1)
Realized securities gains (losses) reclassified into income	$	(1,650)	$	481	Other income - net realized gains (losses) on sales of available for sale securities
Related income tax benefit (expense)	346		(101)		Income tax expense
	$	(1,304)	$	380

Unrealized gains (losses) on cash flow hedges (2)
Interest rate contracts	$	—	$	(78)	Interest expense - subordinated debentures and term loans
Related income tax benefit (expense)	—		16		Income tax expense
	$	—	$	(62)






Total reclassifications for the period, net of tax	$	(1,304)	$	318




	Amount Reclassified from Accumulated Other Comprehensive Income (Loss) For the Nine Months Ended September 30,
Details about Accumulated Other Comprehensive Income (Loss) Components	2023		2022		Affected Line Item in the Statements of Income
Unrealized gains (losses) on available for sale securities (1)
Realized securities gains reclassified into income	$	(4,613)	$	1,137	Other income - net realized gains on sales of available for sale securities
Related income tax benefit (expense)	969		(239)		Income tax expense
	$	(3,644)	$	898

Unrealized gains (losses) on cash flow hedges (2)
Interest rate contracts	$	(15)	$	(496)	Interest expense - subordinated debentures and term loans
Related income tax benefit (expense)	3		104		Income tax expense
	$	(12)	$	(392)






Total reclassifications for the period, net of tax	$	(3,656)	$	506

(1) For additional detail related to unrealized gains (losses) on available for sale securities and related amounts reclassified from accumulated other comprehensive income see NOTE 3. INVESTMENT SECURITIES of these Notes to Consolidated Condensed Financial Statements.

(2) For additional detail related to unrealized gains (losses) on cash flow hedges and related amounts reclassified from accumulated other comprehensive income see NOTE 7. DERIVATIVE FINANCIAL INSTRUMENTS of these Notes to Consolidated Condensed Financial Statements.