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ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)
12 Months Ended
Dec. 31, 2023
ACCUMULATED OTHER COMPREHENSIVE LOSS  
Accumulated other comprehensive loss

 

 

Unrealized

Securities

Gains

(Losses)

 

 

Adjustments

Related to

Pension

Plan

 

 

Accumulated

Other

Comprehensive

Loss

 

Balance at December 31, 2021

 

$(1,801)

 

$(3,291)

 

$(5,092)

Change in unrealized securities gains (losses), net of tax benefit of $10,873

 

 

(40,903)

 

 

-

 

 

 

(40,903)

Change in unfunded pension liability, net of tax of $992

 

 

-

 

 

 

3,730

 

 

 

3,730

 

Reclassification for previously unrealized net losses realized in income, net of tax benefit of $599

 

 

2,253

 

 

 

-

 

 

 

2,253

 

Balance at December, 31, 2022

 

$(40,451)

 

$439

 

 

$(40,012)

Change in unrealized securities gains (losses), net of tax benefit of $2,307

 

 

8,677

 

 

 

-

 

 

 

8,677

 

Change in unfunded pension liability, net of tax of $85

 

 

-

 

 

 

318

 

 

 

318

 

Balance at December, 31, 2023

 

$(31,774)

 

$757

 

 

$(31,017)