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Other Comprehensive Income (Loss) | 9 Months Ended
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Sep. 30, 2024
Stockholders' Equity Note [Abstract] |
Other Comprehensive Income (Loss) | Other Comprehensive Income (Loss) The following tables present reclassifications out of accumulated other comprehensive income (loss) for the three and nine month periods ended September 30, 2024 and 2023:
| Three Months Ended September 30, 2024
(In thousands) | Before-Tax Amount | Tax (Expense) Benefit | Net of Tax
Available-for-sale debt securities: |  |  |
Change in net unrealized (loss) gain during the period | $ | 45,431 |  | $ | (11,131) |  | $ | 34,300 |
Reclassification adjustment for net realized loss on sale of available-for-sale debt securities included in net income (loss) | (50) |  | 12 |  | (38) |
Net unrealized losses | 45,381 |  | (11,119) |  | 34,262 |
Employee benefit plans: |  |  |
Amortization of net retirement plan actuarial gain (loss) | 229 |  | (56) |  | 173 |
Amortization of net retirement plan prior service cost | 45 |  | (10) |  | 35 |
Employee benefit plans | 274 |  | (66) |  | 208 |
Other comprehensive loss | $ | 45,655 |  | $ | (11,185) |  | $ | 34,470 |
| Three Months Ended September 30, 2023
(In thousands) | Before-Tax Amount | Tax (Expense) Benefit | Net of Tax
Available-for-sale debt securities: |  |  |
Change in net unrealized gain (loss) during the period | $ | (37,449) |  | $ | 9,176 |  | $ | (28,273) |
Reclassification adjustment for net realized loss on sale of available-for-sale debt securities included in net income (loss) | 62,932 |  | (15,419) |  | 47,513 |
Net unrealized gains/losses | 25,483 |  | (6,243) |  | 19,240 |
Employee benefit plans: |  |  |
Amortization of net retirement plan actuarial gain | 279 |  | (68) |  | 211 |
Amortization of net retirement plan prior service cost | 53 |  | (13) |  | 40 |
Employee benefit plans | 332 |  | (81) |  | 251 |
Other comprehensive (loss) income | $ | 25,815 |  | $ | (6,324) |  | $ | 19,491 |
| Nine Months Ended September 30, 2024
(In thousands) | Before-Tax Amount | Tax (Expense) Benefit | Net of Tax
Available-for-sale debt securities: |  |  |
Change in net unrealized gain (loss) during the period | $ | 30,756 |  | $ | (7,535) |  | $ | 23,221 |
Reclassification adjustment for net realized loss on sale of available-for-sale debt securities included in net income | (50) |  | 12 |  | (38) |
Net unrealized losses | 30,706 |  | (7,523) |  | 23,183 |
Employee benefit plans: |  |  |
Amortization of net retirement plan actuarial loss | 686 |  | (168) |  | 518 |
Amortization of net retirement plan prior service cost | 137 |  | (33) |  | 104 |
Employee benefit plans | 823 |  | (201) |  | 622 |
Other comprehensive loss | $ | 31,529 |  | $ | (7,724) |  | $ | 23,805 |
| Nine Months Ended September 30, 2023
(In thousands) | Before-Tax Amount | Tax (Expense) Benefit | Net of Tax
Available-for-sale debt securities: |  |  |
Change in net unrealized gain (loss) during the period | $ | (27,725) |  | $ | 6,793 |  | $ | (20,932) |
Reclassification adjustment for net realized loss on sale of available-for-sale debt securities included in net income (loss) | 69,984 |  | (17,146) |  | 52,838 |
Net unrealized gains/losses | 42,259 |  | (10,353) |  | 31,906 |
Employee benefit plans: |  |  |
Amortization of net retirement plan actuarial loss | 837 |  | (205) |  | 632 |
Amortization of net retirement plan prior service cost | 162 |  | (40) |  | 122 |
Employee benefit plans | 999 |  | (245) |  | 754 |
Other comprehensive (loss) income | $ | 43,258 |  | $ | (10,598) |  | $ | 32,660 |
The following table presents the activity in our accumulated other comprehensive (loss) income for the periods indicated:
(In thousands) | Available-for- Sale Debt Securities | Employee Benefit Plans | Accumulated Other Comprehensive (Loss) Income
Balance at July 1, 2024 | $ | (110,614) |  | $ | (25,056) |  | $ | (135,670) |
Other comprehensive loss before reclassifications | 34,300 |  | 0 |  | 34,300 |
Amounts reclassified from accumulated other comprehensive (loss) income | (38) |  | 208 |  | 170 |
Net current-period other comprehensive income | 34,262 |  | 208 |  | 34,470 |
Balance at September 30, 2024 | $ | (76,352) |  | $ | (24,848) |  | $ | (101,200) |
Balance at January 1, 2024 | $ | (99,535) |  | $ | (25,470) |  | $ | (125,005) |
Other comprehensive loss before reclassifications | 23,221 |  | 0 |  | 23,221 |
Amounts reclassified from accumulated other comprehensive (loss) income | (38) |  | 622 |  | 584 |
Net current-period other comprehensive income | 23,183 |  | 622 |  | 23,805 |
Balance at September 30, 2024 | $ | (76,352) |  | $ | (24,848) |  | $ | (101,200) |
(In thousands) | Available-for- Sale Debit Securities | Employee Benefit Plans | Accumulated Other Comprehensive (Loss) Income
Balance at July 1, 2023 | $ | (166,137) |  | $ | (29,383) |  | $ | (195,520) |
Other comprehensive income before reclassifications | (28,273) |  | 0 |  | (28,273) |
Amounts reclassified from accumulated other comprehensive (loss) income | 47,513 |  | 251 |  | 47,764 |
Net current-period other comprehensive (loss) income | 19,240 |  | 251 |  | 19,491 |
Balance at September 30, 2023 | $ | (146,897) |  | $ | (29,132) |  | $ | (176,029) |
Balance at January 1, 2023 | $ | (178,803) |  | $ | (29,886) |  | $ | (208,689) |
Other comprehensive loss before reclassifications | (20,932) |  | 0 |  | (20,932) |
Amounts reclassified from accumulated other comprehensive (loss) income | 52,838 |  | 754 |  | 53,592 |
Net current-period other comprehensive income (loss) | 31,906 |  | 754 |  | 32,660 |
Balance at September 30, 2023 | $ | (146,897) |  | $ | (29,132) |  | $ | (176,029) |
The following tables present the amounts reclassified out of each component of accumulated other comprehensive (loss) income for the three and nine months ended September 30, 2024 and 2023:
Three Months Ended September 30, 2024 |  |
Details about Accumulated other Comprehensive Income (Loss) Components (In thousands) | Amount Reclassified from Accumulated Other Comprehensive (Loss) Income 1 | Affected Line Item in the Statement Where Net Income is Presented
Available-for-sale debt securities: |  |
Unrealized gains and losses on available-for-sale debt securities | $ | 50 |  | Net gain (loss) on securities transactions
| (12) |  | Income tax expense
| 38 |  | Net of tax
Employee benefit plans: |  |
Amortization of the following 2 |  |
Net retirement plan actuarial loss | (229) |  | Other operating expense
Net retirement plan prior service cost | (45) |  | Other operating expense
| (274) |  | Total before tax
| 66 |  | Income tax expense
| $ | (208) |  | Net of tax
Three Months Ended September 30, 2023 |  |
Details about Accumulated other Comprehensive Income (Loss) Components (In thousands) | Amount Reclassified from Accumulated Other Comprehensive (Loss) Income 1 | Affected Line Item in the Statement Where Net Income is Presented
Available-for-sale debt securities: |  |
Unrealized gains and losses on available-for-sale debt securities | $ | (62,932) |  | Net gain (loss) on securities transactions
| 15,419 |  | Tax expense
| (47,513) |  | Net of tax
Employee benefit plans: |  |
Amortization of the following 2 |  |
Net retirement plan actuarial loss | (279) |  | Other operating expense
Net retirement plan prior service cost | (53) |  | Other operating expense
| (332) |  | Total before tax
| 81 |  | Tax benefit
| $ | (251) |  | Net of tax
Nine Months Ended September 30, 2024 |  |
Details about Accumulated other Comprehensive Income (Loss) Components (In thousands) | Amount Reclassified from Accumulated Other Comprehensive (Loss)1 | Affected Line Item in the Statement Where Net Income is Presented
Available-for-sale debt securities: |  |
Unrealized gains and losses on available-for-sale debt securities | $ | 50 |  | Net gain (loss) on securities transactions
| (12) |  | Income tax expense
| 38 |  | Net of tax
Employee benefit plans: |  |
Amortization of the following 2 |  |
Net retirement plan actuarial loss | (686) |  | Other operating expense
Net retirement plan prior service cost | (137) |  | Other operating expense
| (823) |  | Total before tax
| 201 |  | Income tax expense
| $ | (622) |  | Net of tax
Nine Months Ended September 30, 2023 |  |
Details about Accumulated other Comprehensive Income (Loss) Components (In thousands) | Amount Reclassified from Accumulated Other Comprehensive (Loss)1 | Affected Line Item in the Statement Where Net Income is Presented
Available-for-sale debt securities: |  |
Unrealized gains and losses on available-for-sale debt securities | $ | (69,984) |  | Net gain (loss) on securities transactions
| 17,146 |  | Tax expense
| (52,838) |  | Net of tax
Employee benefit plans: |  |
Amortization of the following 2 |  |
Net retirement plan actuarial loss | (837) |  | Other operating expense
Net retirement plan prior service cost | (162) |  | Other operating expense
| (999) |  | Total before tax
| 245 |  | Tax benefit
| $ | (754) |  | Net of tax
1 Amounts in parentheses indicate debits in income statement. 2 The accumulated other comprehensive (loss) income components are included in the computation of net periodic benefit cost (See Note 8 - "Employee Benefit Plan").

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/220/tableOfContent + Details
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