XML 20 R9.htm IDEA: XBRL DOCUMENT v3.24.3
Other Comprehensive Income (Loss)
9 Months Ended
Sep. 30, 2024
Statement of Comprehensive Income [Abstract]  
Other Comprehensive Income (Loss) Accumulated Other Comprehensive Loss
Other comprehensive income (loss) components, net of tax, are shown in the following table for the three-month and the nine-month periods ended September 30, 2024 and 2023:


(in thousands)
Changes in pension plan assets and benefit obligationsUnrealized (losses) gains on debt securities AFSTotal
Beginning balance at July 1, 2024$1,692 $(70,146)$(68,454)
Other comprehensive income before reclassifications17,687 20,623 38,310 
Amounts reclassified from accumulated other comprehensive loss(4,540)— (4,540)
Net current period other comprehensive income13,147 20,623 33,770 
Ending balance at September 30, 2024$14,839 $(49,523)$(34,684)
Beginning balance at July 1, 2023$(6,680)$(90,106)$(96,786)
Other comprehensive loss before reclassifications — (19,104)(19,104)
Net current period other comprehensive loss— (19,104)(19,104)
Ending balance at September 30, 2023$(6,680)$(109,210)$(115,890)


(in thousands)
Changes in pension plan assets and benefit obligationsUnrealized (losses) gains on debt securities AFSTotal
Beginning balance at January 1, 2024$1,692 $(67,883)$(66,191)
Other comprehensive income before reclassifications17,687 18,046 35,733 
Amounts reclassified from accumulated other comprehensive loss(4,540)314(4,226)
Net current period other comprehensive income13,147 18,360 31,507 
Ending balance at September 30, 2024$14,839 $(49,523)$(34,684)
Beginning balance at January 1, 2023$(6,680)$(95,714)$(102,394)
Other comprehensive loss before reclassifications — (13,496)(13,496)
Net current period other comprehensive loss— (13,496)(13,496)
Ending balance at September 30, 2023$(6,680)$(109,210)$(115,890)
The following table provides information concerning amounts reclassified out of accumulated other comprehensive loss for the three-month and the nine-month periods ended September 30, 2024 and 2023:

Three Months Ended
September 30,
Nine Months Ended
September 30,
(In thousands)2024202320242023Affected Line Item in the Consolidated Condensed Statements of Income
Change in funded status of defined benefit pension items
Amortization of prior service costs$37 $— $37 $— Other components of net periodic pension benefit income
Gain recognition on partial settlement of vested benefits(5,783) (5,783)— Pension settlement gain
Income before income taxes(5,746) (5,746)— Income before income taxes
Income tax effect(1,206) (1,206)— Income taxes
   Net of income tax$(4,540)$— $(4,540)$ Net income
Unrealized losses on AFS debt securities
Net loss on the sale of debt securities$ $— $398 $— Loss on the sale of debt securities, net
Loss before income taxes — 398 — Income before income taxes
Income tax effect— — 84 — Income taxes
  Net of income tax $ $— $314 $ Net income