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Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2025

Equity [Abstract]

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

The components of OCI and related tax effects are as follows:

			Three months ended March 31,
(in thousands)			2025						2024
Unrealized holding gains (losses) on available for sale securities before reclassifications			$	32,518					$	(15,899)
Amounts reclassified out of AOCI:
Realized gain (loss) on debt securities			(1,146)						—
Total amounts reclassified out of accumulated other comprehensive income (loss)			(1,146)						—
Unrealized holding gains (losses) on available for sale securities after reclassifications			31,372						(15,899)
Tax effect			(9,274)						4,701
Unrealized holding gains (losses) on available for sale securities, net of tax			22,098						(11,198)
Change in unfunded status of the supplemental retirement plans before reclassifications			164						459
Amounts reclassified out of AOCI:
Amortization of actuarial losses			(164)						(459)
Total amounts reclassified out of accumulated other comprehensive loss			(164)						(459)
Total other comprehensive income (loss)			$	22,098					$	(11,198)

Components of Accumulated Other Comprehensive Loss

The components of AOCI, included in shareholders’ equity, are as follows:

(in thousands)			March 31, 2025						December 31, 2024
Net unrealized loss on available for sale securities			$	(202,276)					$	(233,648)
Tax effect			59,801						69,075
Unrealized holding loss on available for sale securities, net of tax			(142,475)						(164,573)
Unfunded status of the supplemental retirement plans			16,085						16,085
Tax effect			(4,756)						(4,756)
Unfunded status of the supplemental retirement plans, net of tax			11,329						11,329
Joint beneficiary agreement liability			782						782
Tax effect			—						—
Joint beneficiary agreement liability, net of tax			782						782
Accumulated other comprehensive loss			$	(130,364)					$	(152,462)

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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.

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-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
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