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Other Comprehensive Income (Loss)
9 Months Ended
Sep. 30, 2025
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, 2025 and 2024:
Three Months Ended September 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$14,980 $(3,745)$11,235 
Reclassification adjustment for net realized loss on sale of available-for-sale debt securities included in net income (loss)
Net unrealized gains14,980 (3,745)11,235 
Employee benefit plans:
Amortization of net retirement plan actuarial gain (loss)95 (24)71 
Amortization of net retirement plan prior service cost49 (13)36 
Employee benefit plans144 (37)107 
Other comprehensive income$15,124 $(3,782)$11,342 
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 income$45,655 $(11,185)$34,470 
Nine Months Ended September 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$45,861 $(11,465)$34,396 
Reclassification adjustment for net realized gains on sale of available-for-sale debt securities included in net income
Net unrealized losses45,861 (11,465)34,396 
Employee benefit plans:
Amortization of net retirement plan actuarial loss285 (72)213 
Amortization of net retirement plan prior service cost147 (37)110 
Employee benefit plans432 (109)323 
Other comprehensive income$46,293 $(11,574)$34,719 
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 gains/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 income$31,529 $(7,724)$23,805 
The following table presents the activity in our accumulated other comprehensive (loss) income for the periods indicated:
(In thousands)Available-for-
Sale Debt Securities
Employee
Benefit Plans
Accumulated
Other
Comprehensive
(Loss) Income
Balance at July 1, 2025$(78,533)$(16,582)$(95,115)
Other comprehensive income before reclassifications11,235 11,235 
Amounts reclassified from accumulated other comprehensive (loss) income107 107 
Net current-period other comprehensive income11,235 107 11,342 
Balance at September 30, 2025$(67,298)$(16,475)$(83,773)
Balance at January 1, 2025$(101,694)$(16,798)$(118,492)
Other comprehensive income before reclassifications34,396 34,396 
Amounts reclassified from accumulated other comprehensive (loss) income323 323 
Net current-period other comprehensive income34,396 323 34,719 
Balance at September 30, 2025$(67,298)$(16,475)$(83,773)
(In thousands)Available-for-
Sale Debt Securities
Employee
Benefit Plans
Accumulated
Other
Comprehensive
(Loss) Income
Balance at July 1, 2024$(110,614)$(25,056)$(135,670)
Other comprehensive loss before reclassifications34,300 34,300 
Amounts reclassified from accumulated other comprehensive (loss) income(38)208 170 
Net current-period other comprehensive (loss) 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 23,221 
Amounts reclassified from accumulated other comprehensive (loss) income(38)622 584 
Net current-period other comprehensive income (loss)23,183 622 23,805 
Balance at September 30, 2024$(76,352)$(24,848)$(101,200)
The following tables present the amounts reclassified out of each component of accumulated other comprehensive (loss) income for the three and nine months ended September 30, 2025 and 2024:
Three Months Ended September 30, 2025
Details about Accumulated other Comprehensive Income (Loss) Components (In thousands)
Amount
Reclassified from
Accumulated
Other
Comprehensive
(Loss) Income1
Affected Line Item in the
Statement Where Net Income is
Presented
Available-for-sale debt securities:
Unrealized gains and losses on available-for-sale debt securities$Net gain (loss) on securities transactions
Income tax expense
Net of tax
Employee benefit plans:
Amortization of the following2
Net retirement plan actuarial loss(95)Other operating expense
Net retirement plan prior service cost(49)Other operating expense
(144)Total before tax
37 Income tax expense
$(107)Net of tax
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 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
$(208)Net of tax
Nine Months Ended September 30, 2025
Details about Accumulated other Comprehensive Income (Loss) Components (In thousands)
Amount Reclassified from Accumulated Other Comprehensive (Loss)1
Affected Line Item in the
Statement Where Net Income is
Presented
Available-for-sale debt securities:
Unrealized gains and losses on available-for-sale debt securities$Net gain (loss) on securities transactions
Income tax expense
Net of tax
Employee benefit plans:
Amortization of the following2
Net retirement plan actuarial loss(285)Other operating expense
Net retirement plan prior service cost(147)Other operating expense
(432)Total before tax
109 Income tax expense
$(323)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 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 Tax benefit
$(622)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).