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Other Comprehensive Income (Loss) (Tables) | 6 Months Ended
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Jun. 30, 2025
Stockholders' Equity Note [Abstract] |
Schedule of reclassifications out of accumulated other comprehensive income (loss) | The following tables present reclassifications out of accumulated other comprehensive income (loss) for the three and six month periods ended June 30, 2025 and 2024:
| Three Months Ended June 30, 2025
(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 | $ | 9,392 |  | $ | (2,348) |  | $ | 7,044 |
Reclassification adjustment for net realized loss on sale of available-for-sale debt securities included in net income (loss) | 0 |  | 0 |  | 0 |
Net unrealized gains | 9,392 |  | (2,348) |  | 7,044 |
Employee benefit plans: |  |  |
Amortization of net retirement plan actuarial gain (loss) | 19 |  | (5) |  | 14 |
Amortization of net retirement plan prior service cost | 49 |  | (12) |  | 37 |
Employee benefit plans | 68 |  | (17) |  | 51 |
Other comprehensive income | $ | 9,460 |  | $ | (2,365) |  | $ | 7,095 |
| Three Months Ended June 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 | $ | (1,391) |  | $ | 340 |  | $ | (1,051) |
Reclassification adjustment for net realized loss on sale of available-for-sale debt securities included in net income (loss) | 0 |  | 0 |  | 0 |
Net unrealized losses | (1,391) |  | 340 |  | (1,051) |
Employee benefit plans: |  |  |
Amortization of net retirement plan actuarial gain (loss) | 215 |  | (53) |  | 162 |
Amortization of net retirement plan prior service cost | 47 |  | (12) |  | 35 |
Employee benefit plans | 262 |  | (65) |  | 197 |
Other comprehensive (loss) | $ | (1,129) |  | $ | 275 |  | $ | (854) |
| Six Months Ended June 30, 2025
(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 | $ | 30,881 |  | $ | (7,720) |  | $ | 23,161 |
Reclassification adjustment for net realized gains on sale of available-for-sale debt securities included in net income | 0 |  | 0 |  | 0 |
Net unrealized losses | 30,881 |  | (7,720) |  | 23,161 |
Employee benefit plans: |  |  |
Amortization of net retirement plan actuarial loss | 190 |  | (48) |  | 142 |
Amortization of net retirement plan prior service cost | 98 |  | (24) |  | 74 |
Employee benefit plans | 288 |  | (72) |  | 216 |
Other comprehensive income | $ | 31,169 |  | $ | (7,792) |  | $ | 23,377 |
| Six Months Ended June 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 | $ | (14,675) |  | $ | 3,596 |  | $ | (11,079) |
Reclassification adjustment for net realized loss on sale of available-for-sale debt securities included in net income | 0 |  | 0 |  | 0 |
Net unrealized gains/losses | (14,675) |  | 3,596 |  | (11,079) |
Employee benefit plans: |  |  |
Amortization of net retirement plan actuarial loss | 457 |  | (112) |  | 345 |
Amortization of net retirement plan prior service cost | 92 |  | (23) |  | 69 |
Employee benefit plans | 549 |  | (135) |  | 414 |
Other comprehensive (loss) | $ | (14,126) |  | $ | 3,461 |  | $ | (10,665) |
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 April 1, 2025 | $ | (85,577) |  | $ | (16,633) |  | $ | (102,210) |
Other comprehensive income before reclassifications | 7,044 |  | 0 |  | 7,044 |
Amounts reclassified from accumulated other comprehensive (loss) income | 0 |  | 51 |  | 51 |
Net current-period other comprehensive income | 7,044 |  | 51 |  | 7,095 |
Balance at June 30, 2025 | $ | (78,533) |  | $ | (16,582) |  | $ | (95,115) |
Balance at January 1, 2025 | $ | (101,694) |  | $ | (16,798) |  | $ | (118,492) |
Other comprehensive income before reclassifications | 23,161 |  | 0 |  | 23,161 |
Amounts reclassified from accumulated other comprehensive (loss) income | 0 |  | 216 |  | 216 |
Net current-period other comprehensive income | 23,161 |  | 216 |  | 23,377 |
Balance at June 30, 2025 | $ | (78,533) |  | $ | (16,582) |  | $ | (95,115) |
(In thousands) | Available-for- Sale Debt Securities | Employee Benefit Plans | Accumulated Other Comprehensive (Loss) Income
Balance at April 1, 2024 | $ | (109,563) |  | $ | (25,253) |  | $ | (134,816) |
Other comprehensive loss before reclassifications | (1,051) |  | 0 |  | (1,051) |
Amounts reclassified from accumulated other comprehensive (loss) income | 0 |  | 197 |  | 197 |
Net current-period other comprehensive (loss) income | (1,051) |  | 197 |  | (854) |
Balance at June 30, 2024 | $ | (110,614) |  | $ | (25,056) |  | $ | (135,670) |
Balance at January 1, 2024 | $ | (99,535) |  | $ | (25,470) |  | $ | (125,005) |
Other comprehensive loss before reclassifications | (11,079) |  | 0 |  | (11,079) |
Amounts reclassified from accumulated other comprehensive (loss) income | 0 |  | 414 |  | 414 |
Net current-period other comprehensive income (loss) | (11,079) |  | 414 |  | (10,665) |
Balance at June 30, 2024 | $ | (110,614) |  | $ | (25,056) |  | $ | (135,670) |
Schedule of amounts reclassified out of each component 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 six months ended June 30, 2025 and 2024:
Three Months Ended June 30, 2025 |  |
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 | $ | 0 |  | Net gain (loss) on securities transactions
| 0 |  | Income tax expense
| 0 |  | Net of tax
Employee benefit plans: |  |
Amortization of the following 2 |  |
Net retirement plan actuarial loss | (19) |  | Other operating expense
Net retirement plan prior service cost | (49) |  | Other operating expense
| (68) |  | Total before tax
| 17 |  | Income tax expense
| $ | (51) |  | Net of tax
Three Months Ended June 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 | $ | 0 |  | Net loss on securities transactions
| 0 |  | Income tax expense
| 0 |  | Net of tax
Employee benefit plans: |  |
Amortization of the following 2 |  |
Net retirement plan actuarial loss | (215) |  | Other operating expense
Net retirement plan prior service cost | (47) |  | Other operating expense
| (262) |  | Total before tax
| 65 |  | Income tax expense
| $ | (197) |  | Net of tax
Six Months Ended June 30, 2025 |  |
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 | $ | 0 |  | Net gain (loss) on securities transactions
| 0 |  | Income tax expense
| 0 |  | Net of tax
Employee benefit plans: |  |
Amortization of the following 2 |  |
Net retirement plan actuarial loss | (190) |  | Other operating expense
Net retirement plan prior service cost | (98) |  | Other operating expense
| (288) |  | Total before tax
| 72 |  | Income tax expense
| $ | (216) |  | Net of tax
Six Months Ended June 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 | $ | 0 |  | Net loss on securities transactions
| 0 |  | Income tax expense
| 0 |  | Net of tax
Employee benefit plans: |  |
Amortization of the following 2 |  |
Net retirement plan actuarial loss | (457) |  | Other operating expense
Net retirement plan prior service cost | (92) |  | Other operating expense
| (549) |  | Total before tax
| 135 |  | Tax benefit
| $ | (414) |  | 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 10 - "Employee Benefit Plans" in the Company's Annual Report on Form 10-K for the year ended December 31, 2024).

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