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Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2024

Equity [Abstract]

Components of Other Comprehensive Income and Related Tax Effects

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

			Year Ended December 31,
(in thousands)			2024						2023						2022
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 securities			2,945						284						—
Total amounts reclassified out of accumulated other comprehensive loss			2,945						284						—
Unrealized holding gains (losses) on available for sale securities after reclassifications			(1,827)						58,728						(290,157)
Tax effect			541						(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 reclassifications			3,017						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 reclassifications			2,558						(374)						11,502
Tax effect			(757)						111						(3,401)
Change in unfunded status of the supplemental retirement plans, net of tax			1,801						(263)						8,101
Change in joint beneficiary agreement liability before reclassifications			192						(366)						1,389
Tax effect			—						—						—
Change in unfunded status of the supplemental retirement plans, net of tax			192						(366)						1,389
Total other comprehensive income (loss)			$	707					$	40,736					$	(194,886)

Components of Accumulated Other Comprehensive Income (Loss)

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

			Year Ended December 31,
(in thousands)			2024						2023
Net unrealized loss on available for sale securities			$	(233,648)					$	(231,821)
Tax effect			69,075						68,534
Unrealized holding loss on available for sale securities, net of tax			(164,573)						(163,287)
Unfunded status of the supplemental retirement plans			16,085						13,527
Tax effect			(4,756)						(3,999)
Unfunded status of the supplemental retirement plans, net of tax			11,329						9,528
Joint beneficiary agreement liability, net of tax			782						590
Accumulated other comprehensive loss			$	(152,462)					$	(153,169)

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

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-14A

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481674/830-30-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-20

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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
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

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