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Comprehensive Income/(Loss) (Tables)

9 Months Ended

Sep. 30, 2025

Equity [Abstract]

Components of Accumulated Other Comprehensive Income (Loss)

The activity in accumulated other comprehensive income/(loss) for the nine months ended September 30, 2025 and 2024 is as follows:


		Accumulated Other Comprehensive Income/(Loss) (1)
(unaudited, in thousands)		Defined Benefit Plans				Unrealized Gains (Losses) on Debt Securities Available-for-Sale				Total
Balance at December 31, 2024		$	5,124			$	(223,756	)		$	(218,632	)
Other comprehensive income before reclassifications			—				70,930				70,930
Amounts reclassified from accumulated other comprehensive income			(416	)			(551	)			(967	)
Period change			(416	)			70,379				69,963
Balance at September 30, 2025		$	4,708			$	(153,377	)		$	(148,669	)

Balance at December 31, 2023		$	6,515			$	(233,208	)		$	(226,693	)
Other comprehensive income before reclassifications			—				45,262				45,262
Amounts reclassified from accumulated other comprehensive income			(207	)			(166	)			(373	)
Period change			(207	)			45,096				44,889
Balance at September 30, 2024		$	6,308			$	(188,112	)		$	(181,804	)

(1)

All amounts are net of tax. Related income tax expense or benefit is calculated using a combined Federal and State income tax rate approximating 24% in both periods presented.

Schedule of Amounts Reclassified from Accumulated Other Comprehensive Income

The following table provides details about amounts reclassified from accumulated other comprehensive income for the three and nine months ended September 30, 2025 and 2024:


Details about Accumulated Other Comprehensive Income/(Loss) Components		For the Three Months Ended September 30,								For the Nine Months Ended September 30,									Affected Line Item in the Statement of Comprehensive Income
(unaudited, in thousands)		2025				2024				2025				2024
Debt securities available-for-sale (1):
Net securities (gains) losses reclassified into earnings		$	(55	)		$	—			$	(104	)		$	12				Net securities gains/(losses) (Non-interest income)
Related income tax effect ⁽²⁾			(193	)			(58	)			(447	)			(178	)			Provision for income taxes
Net effect on accumulated other comprehensive income for the period			(248	)			(58	)			(551	)			(166	)

Defined benefit plans (3):
Amortization of net gain and prior service costs			(186	)			(101	)			(552	)			(304	)			Employee benefits (Non-interest expense)
Related income tax effect ⁽²⁾			45				24				136				97				Provision for income taxes
Net effect on accumulated other comprehensive income for the period			(141	)			(77	)			(416	)			(207	)
Total reclassifications for the period		$	(389	)		$	(135	)		$	(967	)		$	(373	)

(1)

For additional detail related to unrealized gains on securities and related amounts reclassified from accumulated other comprehensive income, see Note 4, “Securities.”

(2)

Income tax expense or benefit is calculated using a combined Federal and State income tax rate approximating 24% in both periods presented.

(3)

Included in the computation of net periodic pension cost. See Note 9, “Benefit Plans” for additional detail.