Accumulated Other Comprehensive (Loss) Income

3 Months Ended

Mar. 31, 2024

Equity [Abstract]

Accumulated Other Comprehensive (Loss) Income

Accumulated Other Comprehensive Loss

The activity in accumulated other comprehensive loss is presented in the tables below (in thousands). All amounts are shown net of tax, which is calculated using a combined federal and state income tax rate approximating 24%.

	Three months ended March 31,
	Defined
	Benefit		Securities
	Pension		Available-
	Plan		-for-Sale		Total
2024
Beginning Balance	$	(2,581)	$	(107,958)	$	(110,539)
Other comprehensive (loss) before reclassifications	—		(11,066)		(11,066)
Amounts reclassified from other comprehensive income	—		1		1
	—		(11,065)		(11,065)
Ending Balance	$	(2,581)	$	(119,023)	$	(121,604)
2023
Beginning Balance	$	(3,422)	$	(128,066)	$	(131,488)
Other comprehensive income before classifications	—		15,687		15,687
Amounts reclassified from other comprehensive income	—		(588)		(588)
	—		15,099		15,099
Ending Balance	$	(3,422)	$	(112,967)	$	(116,389)

	Amounts reclassified from Other Comprehensive (Loss) Income
	Three months ended				Affected line item
	March 31,				in the Consolidated Statements
	2024		2023		of Income
Securities available-for-sale:
Net securities (losses) gains reclassified into earnings	$	(1)	$	773	(Losses) gains on sale of investment securities, net
Related income tax expense	—		(185)		Income tax expense (benefit)
Net effect on accumulated other comprehensive loss	$	(1)	$	588