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Other Comprehensive Income (Loss) (Tables)
 9 Months Ended
Sep. 30, 2024
Stockholders' Equity Note [Abstract]  
Schedule of activity in accumulated other comprehensive income (loss) and amounts reclassified out of each component of accumulated other comprehensive (loss) income
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 losses45,381 (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 cost45 (10)35 
Employee benefit plans274 (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/losses25,483 (6,243)19,240 
Employee benefit plans:
Amortization of net retirement plan actuarial gain279 (68)211 
Amortization of net retirement plan prior service cost53 (13)40 
Employee benefit plans332 (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 losses30,706 (7,523)23,183 
Employee benefit plans:
Amortization of net retirement plan actuarial loss686 (168)518 
Amortization of net retirement plan prior service cost137 (33)104 
Employee benefit plans823 (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/losses42,259 (10,353)31,906 
Employee benefit plans:
Amortization of net retirement plan actuarial loss837 (205)632 
Amortization of net retirement plan prior service cost162 (40)122 
Employee benefit plans999 (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)$(135,670)
Other comprehensive loss before reclassifications34,300 0 34,300 
Amounts reclassified from accumulated other comprehensive (loss) income(38)208 170 
Net current-period other comprehensive income34,262 208 34,470 
Balance at September 30, 2024$(76,352)$(24,848)$(101,200)
Balance at January 1, 2024$(99,535)$(25,470)$(125,005)
Other comprehensive loss before reclassifications23,221 0 23,221 
Amounts reclassified from accumulated other comprehensive (loss) income(38)622 584 
Net current-period other comprehensive income23,183 622 23,805 
Balance at September 30, 2024$(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)$(195,520)
Other comprehensive income before reclassifications(28,273)0 (28,273)
Amounts reclassified from accumulated other comprehensive (loss) income47,513 251 47,764 
Net current-period other comprehensive (loss) income19,240 251 19,491 
Balance at September 30, 2023$(146,897)$(29,132)$(176,029)
Balance at January 1, 2023$(178,803)$(29,886)$(208,689)
Other comprehensive loss before reclassifications(20,932)0 (20,932)
Amounts reclassified from accumulated other comprehensive (loss) income52,838 754 53,592 
Net current-period other comprehensive income (loss)31,906 754 32,660 
Balance at September 30, 2023$(146,897)$(29,132)$(176,029)
Schedule of reclassifications out of accumulated other comprehensive income (loss)
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) Income1
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 following2
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) Income1
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 following2
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 following2
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").