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Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2025

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

The changes in accumulated other comprehensive income (loss) by component are as follows (in thousands):

			Three Months Ended June 30, 2025
			Unrealized Gains (Losses) on Securities												Unrealized Gains (Losses) on Derivatives												Retirement Plans						Total
Beginning balance, net of tax			$	(115,078)											$	1,781											$	(18,517)					$	(131,814)
Other comprehensive income (loss):
Other comprehensive income (loss) before reclassifications			(12,618)												(392)												—						(13,010)
Reclassification adjustments included in net income			2,019												(1,866)												616						769
Income tax (expense) benefit			2,226												474												(130)						2,570
Net current-period other comprehensive income (loss), net of tax			(8,373)												(1,784)												486						(9,671)
Ending balance, net of tax			$	(123,451)											$	(3)											$	(18,031)					$	(141,485)
			Six Months Ended June 30, 2025
			Unrealized Gains (Losses) on Securities												Unrealized Gains (Losses) on Derivatives												Retirement Plans						Total
Beginning balance, net of tax			$	(112,199)											$	6,303											$	(19,002)					$	(124,898)
Other comprehensive income (loss):
Other comprehensive (loss) income before reclassifications			(18,831)												(3,543)												—						(22,374)
Reclassification adjustments included in net income			4,587												(4,439)												1,230						1,378
Income tax (expense) benefit			2,992												1,676												(259)						4,409
Net current-period other comprehensive income (loss), net of tax			(11,252)												(6,306)												971						(16,587)
Ending balance, net of tax			$	(123,451)											$	(3)											$	(18,031)					$	(141,485)

			Three Months Ended June 30, 2024
			Unrealized Gains (Losses) on Securities												Unrealized Gains (Losses) on Derivatives												Retirement Plans						Total
Beginning balance, net of tax			$	(110,538)											$	18,312											$	(18,633)					$	(110,859)
Other comprehensive income (loss):
Other comprehensive income (loss) before reclassifications			(1,800)												4,683												—						2,883
Reclassification adjustments included in net income			2,631												(5,782)												148						(3,003)
Income tax (expense) benefit			(174)												231												(32)						25
Net current-period other comprehensive income (loss), net of tax			657												(868)												116						(95)
Ending balance, net of tax			$	(109,881)											$	17,444											$	(18,517)					$	(110,954)
			Six Months Ended June 30, 2024
			Unrealized Gains (Losses) on Securities												Unrealized Gains (Losses) on Derivatives												Retirement Plans						Total
Beginning balance, net of tax			$	(107,499)											$	12,803											$	(18,766)					$	(113,462)
Other comprehensive income (loss):
Other comprehensive income (loss) before reclassifications			(7,687)												18,299												—						10,612
Reclassification adjustments included in net income			4,672												(12,424)												315						(7,437)
Income tax (expense) benefit			633												(1,234)												(66)						(667)
Net current-period other comprehensive income (loss), net of tax			(2,382)												4,641												249						2,508
Ending balance, net of tax			$	(109,881)											$	17,444											$	(18,517)					$	(110,954)

The reclassification adjustments out of accumulated other comprehensive income (loss) included in net income are presented below (in thousands):

			Three Months Ended June 30,												Six Months Ended June 30,
			2025						2024						2025						2024
Unrealized gains and losses on securities transferred:
Amortization of unrealized gains and losses (1)			$	(2,019)					$	(2,068)					$	(4,033)					$	(4,091)
Tax (expense) benefit			424						434						847						859
Net of tax			(1,595)						(1,634)						(3,186)						(3,232)
Unrealized gains and losses on available for sale securities:
Realized net gain (loss) on sale of securities (2)			—						(563)						(554)						(581)
Tax (expense) benefit			—						118						116						122
Net of tax			—						(445)						(438)						(459)
Derivatives:
Realized net gain (loss) on interest rate swap derivatives (3)			1,866						5,782						4,439						12,424
Tax (expense) benefit			(392)						(1,214)						(932)						(2,609)
Net of tax			1,474						4,568						3,507						9,815
Amortization of pension plan:
Net actuarial loss (4)			(616)						(148)						(1,230)						(315)
Tax (expense) benefit			130						32						259						66
Net of tax			(486)						(116)						(971)						(249)
Total reclassifications for the period, net of tax			$	(607)					$	2,373					$	(1,088)					$	5,875

(1)    Included in interest income on the consolidated statements of income.

(2)    Listed as net gain (loss) on sale of securities AFS on the consolidated statements of income.

(3)    Included in interest expense for FHLB borrowings and deposits on the consolidated statements of income.

(4)    These AOCI components are included in the computation of net periodic pension cost (income) presented in “Note 8 – Employee Benefit Plans.”

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- References

No definition available.

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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

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