ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

3 Months Ended

Mar. 31, 2024

OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment and Tax [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following tables summarize the changes within each classification of accumulated other comprehensive income (loss) for the three months ended March 31, 2024 and 2023, all shown net of tax:

(dollars in thousands)	Unrealized Gains and Losses on Available- for-Sales Securities		Defined Benefit Pension Items		Total
Balance at January 1, 2024	$	(154,460)	$	(735)	$	(155,195)
Other comprehensive income (loss) before reclassification	(12,157)		0		(12,157)
Amounts reclassified from accumulated other comprehensive income (loss)	428		11		439
Net current period other comprehensive income (loss)	(11,729)		11		(11,718)
Balance at March 31, 2024	$	(166,189)	$	(724)	$	(166,913)

(dollars in thousands)	Unrealized Gains and Losses on Available- for-Sales Securities		Defined Benefit Pension Items		Total
Balance at January 1, 2023	$	(188,154)	$	(769)	$	(188,923)
Other comprehensive income (loss) before reclassification	21,167		0		21,167
Amounts reclassified from accumulated other comprehensive income (loss)	375		11		386
Net current period other comprehensive income (loss)	21,542		11		21,553
Balance at March 31, 2023	$	(166,612)	$	(758)	$	(167,370)

Reclassifications out of accumulated comprehensive income (loss) for the three months ended March 31, 2024 are as follows:

Details about Accumulated Other Comprehensive Income (Loss) Components	Amount Reclassified From Accumulated Other Comprehensive Income (Loss)		Affected Line Item in the Statement Where Net Income is Presented
(dollars in thousands)
Amortization of unrealized losses on held-to-maturity securities	$	(496)	Interest income
Realized gains and (losses) on available-for-sale securities	(46)		Net securities gains (losses)
Tax effect	114		Income tax expense
	(428)		Net of tax
Amortization of defined benefit pension items	(15)		Other expense
Tax effect	4		Income tax expense
	(11)		Net of tax
Total reclassifications for the period	$	(439)	Net income

Reclassifications out of accumulated other comprehensive income (loss) for the three months ended March 31, 2023 are as follows:

Details about Accumulated Other Comprehensive Income (Loss) Components	Amount Reclassified From Accumulated Other Comprehensive Income (Loss)		Affected Line Item in the Statement Where Net Income is Presented
(dollars in thousands)
Amortization of unrealized losses on held-to-maturity securities	$	(491)	Interest income
Tax effect	100		Income tax expense
	(375)		Net of tax
Amortization of defined benefit pension items	(15)		Other expense
Tax effect	4		Income tax expense
	(11)		Net of tax
Total reclassifications for the period	$	(386)	Net income