Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2024

Statement of Comprehensive Income [Abstract]

Accumulated Other Comprehensive Loss

Other comprehensive income (loss) components, net of tax, are shown in the following table for the three-month periods ended March 31, 2024 and 2023:


(in thousands)		Changes in pension plan assets and benefit obligations		Unrealized losses on debt securities AFS		Total
Beginning balance at January 1, 2024		$	1,692	$	(67,883)	$	(66,191)
	Other comprehensive loss before reclassifications	—		(518)		(518)
	Amounts reclassified from accumulated other comprehensive loss	—		314		314
Net current period other comprehensive loss		—		(204)		(204)
Ending balance at March 31, 2024		$	1,692	$	(68,087)	$	(66,395)

Beginning balance at January 1, 2023		$	(6,680)	$	(95,714)	$	(102,394)
	Other comprehensive income before reclassifications	—		12,361		12,361
Net current period other comprehensive income		—		12,361		12,361
Ending balance at March 31, 2023		$	(6,680)	$	(83,353)	$	(90,033)

During the three-months ended March 31, 2024, there was $398,000 ($314,000 net of tax) reclassified out of accumulated other comprehensive loss due to a net loss on the sale of debt securities. This loss was recorded within "Loss on the sale of debt securities, net" on the consolidated condensed statements of income. During the three-month period ended March 31, 2023, there were no reclassifications out of accumulated other comprehensive loss.