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Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

Components of Other Comprehensive Income (Loss) and Related Tax Effects

The components of other comprehensive income (loss) and related tax effects are as follows:

			Three months ended September 30,												Nine months ended September 30, 2022
(in thousands)			2022						2021						2022						2021
Unrealized holding losses on available for sale securities before reclassifications			$	(109,341)					$	(6,304)					$	(317,659)					$	(11,249)
Amounts reclassified out of AOCI:
Realized gains on debt securities			—						—						—						—
Unrealized holding losses on available for sale securities after reclassifications			(109,341)						(6,304)						(317,659)						(11,249)
Tax effect			32,601						1,864						93,911						3,325
Unrealized holding losses on available for sale securities, net of tax			(76,740)						(4,440)						(223,748)						(7,924)
Change in unfunded status of the supplemental retirement plans before reclassifications			5						(49)						97						(147)
Amounts reclassified out of AOCI:
Amortization of prior service cost			(7)						(14)						(21)						(43)
Amortization of actuarial losses			2						63						6						190
Total amounts reclassified out of accumulated other comprehensive (loss) income			(5)						49						(15)						147
Change in unfunded status of the supplemental retirement plans after reclassifications			—						—						82						—
Tax effect									—						(24)						—
Change in unfunded status of the supplemental retirement plans, net of tax			—						—						58						—
Change in joint beneficiary agreement liability before reclassifications			—						—						—						(629)
Tax effect			—						—						—						—
Change in joint beneficiary agreement liability before reclassifications, net of tax			—						—						—						(629)
Total other comprehensive loss			$	(76,740)					$	(4,440)					$	(223,690)					$	(8,553)

Components of Accumulated Other Comprehensive Loss

The components of accumulated other comprehensive (loss) income, included in shareholders’ equity, are as follows:

(in thousands)			September 30, 2022						December 31, 2021
Net unrealized loss on available for sale securities			$	(318,051)					$	(392)
Tax effect			94,027						116
Unrealized holding loss on available for sale securities, net of tax			(224,024)						(276)
Unfunded status of the supplemental retirement plans			2,481						2,399
Tax effect			(733)						(709)
Unfunded status of the supplemental retirement plans, net of tax			1,748						1,690
Joint beneficiary agreement liability			(433)						(433)
Tax effect			—						—
Joint beneficiary agreement liability, net of tax			(433)						(433)
Accumulated other comprehensive (loss) income			$	(222,709)					$	981

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Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-URI http://asc.fasb.org/extlink&oid=124509347&loc=SL7669686-108580

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900

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Tabular disclosure of the net gain (loss) and net prior service cost or credit recognized in other comprehensive income (loss) for the period for pension plans and/or other employee benefit plans, and reclassification adjustments of other comprehensive income (loss) for the period, as those amounts, including amortization of the net transition asset or obligation, are recognized as components of net periodic benefit cost.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
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-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

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