ACCUMULATED OTHER COMPREHENSIVE LOSS

3 Months Ended

Mar. 31, 2024

The following table summarizes the changes in the balances of each component of accumulated other comprehensive income (loss), net of tax, as of March 31, 2024 and 2023:


	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, 2023	$	(173,654)	$	—	$	(2,316)	$	(175,970)
Other comprehensive income (loss) before reclassifications	(22,061)		—		—		(22,061)
Amounts reclassified from accumulated other comprehensive income (loss)	2		—		—		2
Period change	(22,059)		—		—		(22,059)

Balance at March 31, 2024	$	(195,713)	$	—	$	(2,316)	$	(198,029)


Balance at December 31, 2022	$	(234,495)	$	130	$	(4,786)	$	(239,151)
Other comprehensive income (loss) before reclassifications	39,038		(41)		—		38,997
Amounts reclassified from accumulated other comprehensive income (loss)	1,241		(1)		—		1,240
Period change	40,279		(42)		—		40,237

Balance at March 31, 2023	$	(194,216)	$	88	$	(4,786)	$	(198,914)

The following table presents 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 months ended March 31, 2024 and 2023.


	Amount Reclassified from Accumulated Other Comprehensive Income (Loss) For the Three Months Ended March 31,
Details about Accumulated Other Comprehensive Income (Loss) Components	2024		2023		Affected Line Item in the Statements of Income
Unrealized gains (losses) on available for sale securities (1)
Realized securities gains (losses) reclassified into income	$	(2)	$	(1,571)	Other income - net realized gains (losses) on sales of available for sale securities
Related income tax benefit (expense)	—		330		Income tax expense
	$	(2)	$	(1,241)

Unrealized gains (losses) on cash flow hedges (2)
Interest rate contracts	$	—	$	1	Interest expense - subordinated debentures and term loans
Related income tax benefit (expense)	—		—		Income tax expense
	$	—	$	1






Total reclassifications for the period, net of tax	$	(2)	$	(1,240)

(1) For additional detail related to unrealized gains (losses) on available for sale securities and related amounts reclassified from accumulated other comprehensive loss see NOTE 2. 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 loss see NOTE 4. DERIVATIVE FINANCIAL INSTRUMENTS of these Notes to Consolidated Condensed Financial Statements.