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Comprehensive Income (Loss)
 12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Comprehensive Income (Loss) Comprehensive Income (Loss)
Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available-for-sale securities, are reported as a separate component of the equity section of the balance sheet, such items, along with net income, are components of comprehensive income. The components of other comprehensive income and related tax effects are as follows:
 Year Ended December 31,
(in thousands)202320222021
Unrealized holding gains (losses) on available for sale securities before reclassifications$58,444 $(290,157)$(19,575)
Amounts reclassified out of accumulated other comprehensive income:
Realized loss (gain) on debt securities284 — — 
Total amounts reclassified out of accumulated other comprehensive income284 — — 
Unrealized holding gains (losses) on available for sale securities after reclassifications58,728 (290,157)(19,575)
Tax effect(17,363)85,781 5,787 
Unrealized holding gains (losses) on available for sale securities, net of tax41,365 (204,376)(13,788)
Change in unfunded status of the supplemental retirement plans before reclassifications81 11,522 3,497 
Amounts reclassified out of accumulated other comprehensive income:
Amortization of prior service cost— (28)(58)
Amortization of actuarial losses(455)8 254 
Total amounts reclassified out of accumulated other comprehensive income(455)(20)196 
Change in unfunded status of the supplemental retirement plans after reclassifications(374)11,502 3,693 
Tax effect111 (3,401)(1,091)
Change in unfunded status of the supplemental retirement plans, net of tax(263)8,101 2,602 
Change in joint beneficiary agreement liability before reclassifications(366)1,389 (113)
Tax effect— — — 
Change in unfunded status of the supplemental retirement plans, net of tax(366)1,389 (113)
Total other comprehensive income (loss)$40,736 $(194,886)$(11,299)
The components of accumulated other comprehensive loss, included in shareholders’ equity, are as follows:
 Year Ended December 31,
(in thousands)20232022
Net unrealized loss on available for sale securities$(231,821)$(290,549)
Tax effect68,534 85,897 
Unrealized holding loss on available for sale securities, net of tax(163,287)(204,652)
Unfunded status of the supplemental retirement plans13,527 13,901 
Tax effect(3,999)(4,110)
Unfunded status of the supplemental retirement plans, net of tax9,528 9,791 
Joint beneficiary agreement liability, net of tax590 956 
Accumulated other comprehensive loss$(153,169)$(193,905)