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Accumulated Other Comprehensive Income (Loss)
3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss)
The components of accumulated other comprehensive income (loss) ("AOCI") for the Company are as follows:
($ in thousands)March 31, 2024December 31, 2023
Unrealized loss on securities available for sale$(418,888)(400,720)
Deferred tax asset 96,973 92,767 
Net unrealized loss on securities available for sale(321,915)(307,953)
Postretirement plans liability(75)(100)
Deferred tax asset17 23 
Net postretirement plans liability(58)(77)
Total accumulated other comprehensive loss$(321,973)(308,030)
The following tables disclose the changes in AOCI for the three months ended March 31, 2024 and 2023 (all amounts are net of tax):
For the Three Months Ended March 31, 2024
($ in thousands)Unrealized Loss on
Securities
Available for Sale
Postretirement Plans Asset
(Liability)
Total
Beginning balance$(307,953)(77)(308,030)
Other comprehensive loss before reclassifications(14,711)— (14,711)
Amounts reclassified from accumulated other comprehensive income
749 19 768 
Net current period other comprehensive (loss) income(13,962)19 (13,943)
Ending balance$(321,915)(58)(321,973)
For the Three Months Ended March 31, 2023
($ in thousands)Unrealized Loss on
Securities
Available for Sale
Postretirement Plans Asset
(Liability)
Total
Beginning balance$(342,017)42 (341,975)
Other comprehensive income before reclassifications27,908 — 27,908 
Amounts reclassified from accumulated other comprehensive income
— 33 33 
Net current period other comprehensive income27,908 33 27,941 
Ending balance$(314,109)75 (314,034)
Amounts reclassified from AOCI for unrealized gain (loss) on securities available for sale represent realized securities gains or losses, net of tax effects. There were no security sales resulting in gains or losses in any period presented. Amounts reclassified from AOCI for postretirement plans asset (liability) represent amortization of amounts included in AOCI, net of taxes, and are recorded in the "Other operating expenses" line item of the consolidated statements of income.