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Comprehensive Income (Loss)
 12 Months Ended
Dec. 31, 2024
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)202420232022
Unrealized holding gains (losses) on available for sale securities before reclassifications$(4,772)$58,444 $(290,157)
Amounts reclassified out of accumulated other comprehensive loss:
Realized loss on debt securities2,945 284 — 
Total amounts reclassified out of accumulated other comprehensive loss2,945 284 — 
Unrealized holding gains (losses) on available for sale securities after reclassifications(1,827)58,728 (290,157)
Tax effect541 (17,363)85,781 
Unrealized holding gains (losses) on available for sale securities, net of tax(1,286)41,365 (204,376)
Change in unfunded status of the supplemental retirement plans before reclassifications3,017 81 11,522 
Amounts reclassified out of accumulated other comprehensive loss:
Amortization of prior service cost— — (28)
Amortization of actuarial losses(459)(455)8 
Total amounts reclassified out of accumulated other comprehensive loss(459)(455)(20)
Change in unfunded status of the supplemental retirement plans after reclassifications2,558 (374)11,502 
Tax effect(757)111 (3,401)
Change in unfunded status of the supplemental retirement plans, net of tax1,801 (263)8,101 
Change in joint beneficiary agreement liability before reclassifications192 (366)1,389 
Tax effect— — — 
Change in unfunded status of the supplemental retirement plans, net of tax192 (366)1,389 
Total other comprehensive income (loss)$707 $40,736 $(194,886)
The components of accumulated other comprehensive loss, included in shareholders’ equity, are as follows:
 Year Ended December 31,
(in thousands)20242023
Net unrealized loss on available for sale securities$(233,648)$(231,821)
Tax effect69,075 68,534 
Unrealized holding loss on available for sale securities, net of tax(164,573)(163,287)
Unfunded status of the supplemental retirement plans16,085 13,527 
Tax effect(4,756)(3,999)
Unfunded status of the supplemental retirement plans, net of tax11,329 9,528 
Joint beneficiary agreement liability, net of tax782 590 
Accumulated other comprehensive loss$(152,462)$(153,169)