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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

12 Months Ended

Dec. 31, 2024

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

Schedule of components of other comprehensive income (loss)

The following table presents the components of other comprehensive income (loss) for the years ended December 31, 2024, 2023 and 2022, by component:

(Dollars in thousands)			Before Tax						Tax Effect						Net of Tax
Year ended December 31, 2024
Net change in fair value of investment securities:
Net unrealized losses on investment securities arising during the period			$	(8,310)					$	(2,170)					$	(6,140)
Less: Reclassification adjustment for losses realized in net income			9,934						2,620						7,314
Less: Amortization of unrealized losses on investment securities transferred to HTM			7,159						1,902						5,257
Net change in fair value of investment securities			8,783						2,352						6,431
Net change in fair value of derivative:
Net unrealized gains arising during the period			1,988						523						1,465
Net change in fair value of derivative			1,988						523						1,465
SERPs:
Net actuarial gains arising during the period			379						99						280
Amortization of net actuarial gains			(2)						—						(2)
SERPs			377						99						278
Other comprehensive income			$	11,148					$	2,974					$	8,174

(Dollars in thousands)			Before Tax						Tax Effect						Net of Tax
Year ended December 31, 2023
Net change in fair value of investment securities:
Net unrealized gains on investment securities arising during the period			$	19,762					$	5,437					$	14,325
Less: Reclassification adjustment for losses realized in net income			2,074						547						1,527
Less: Amortization of unrealized losses on investment securities transferred to HTM			7,440						2,105						5,335
Net change in fair value of investment securities			29,276						8,089						21,187
Net change in fair value of derivative:
Net unrealized gains arising during the period			491						107						384
Net change in fair value of derivative			491						107						384
SERPs:
Net actuarial losses arising during the period			(182)						(48)						(134)
Amortization of net actuarial losses			(74)						(20)						(54)
Amortization of net transition obligation			7						2						5
SERPs			(249)						(66)						(183)
Other comprehensive income			$	29,518					$	8,130					$	21,388

(Dollars in thousands)			Before Tax						Tax Effect						Net of Tax
Year ended December 31, 2022
Net change in fair value of investment securities:
Net unrealized losses on investment securities arising during the period			$	(204,250)					$	(54,109)					$	(150,141)
Less: Amortization of unrealized losses on investment securities transferred to HTM			6,218						1,520						4,698
Net change in fair value of investment securities			(198,032)						(52,589)						(145,443)
Net change in fair value of derivative:
Net unrealized gains arising during the period			6,326						1,681						4,645
Net change in fair value of derivative			6,326						1,681						4,645
Defined benefit retirement plan and SERPs:
Net actuarial gains arising during the period			2,007						537						1,470
Amortization of net actuarial losses			304						81						223
Amortization of net transition obligation			18						4						14
Settlement			4,884						1,817						3,067
Defined benefit retirement plan and SERPs			7,213						2,439						4,774
Other comprehensive loss			$	(184,493)					$	(48,469)					$	(136,024)

Schedule of changes in each component of AOCI, net of tax

The following table presents the changes in each component of AOCI, net of tax, for the years ended December 31, 2024, 2023 and 2022:

(Dollars in thousands)			Investment Securities						Derivatives						Defined Benefit Plans						AOCI
Year ended December 31, 2024
Balance at beginning of period			$	(127,922)					$	5,029					$	297					$	(122,596)
Other comprehensive (loss) income before reclassifications			(6,140)						1,465						280						(4,395)
Amounts reclassified from AOCI			12,571						—						(2)						12,569
Net other comprehensive income			6,431						1,465						278						8,174
Balance at end of period			$	(121,491)					$	6,494					$	575					$	(114,422)

(Dollars in thousands)			Investment Securities						Derivatives						Defined Benefit Plans						AOCI
Year ended December 31, 2023
Balance at beginning of period			$	(149,109)					$	4,645					$	480					$	(143,984)
Other comprehensive income (loss) before reclassifications			14,325						384						(134)						14,575
Amounts reclassified from AOCI			6,862						—						(49)						6,813
Net other comprehensive income (loss)			21,187						384						(183)						21,388
Balance at end of period			$	(127,922)					$	5,029					$	297					$	(122,596)

(Dollars in thousands)			Investment Securities						Derivatives						Defined Benefit Plans						AOCI
Year ended December 31, 2022
Balance at beginning of period			$	(3,666)					$	—					$	(4,294)					$	(7,960)
Other comprehensive (loss) income before reclassifications			(150,141)						4,645						1,470						(144,026)
Amounts reclassified from AOCI			4,698						—						3,304						8,002
Net other comprehensive (loss) income			(145,443)						4,645						4,774						(136,024)
Balance at end of period			$	(149,109)					$	4,645					$	480					$	(143,984)

Schedule of amounts reclassified out of each component of AOCI

The following table presents the amounts reclassified out of each component of AOCI for the years ended December 31, 2024, 2023 and 2022:

			Amount Reclassified from AOCI																		Affected Line Item in the
			Year ended December 31,																		Statement Where Net
Details about AOCI Components			2024						2023						2022						Income is Presented
			(Dollars in thousands)
Sale of available-for-sale investment securities:
Realized loss on sale of available-for-sale investment securities			$	9,934					$	2,074					$	—					Net loss on sales of investment securities
Tax effect			(2,620)						(547)						—						Income tax benefit
Net of tax			$	7,314					$	1,527					$	—
Amortization of unrealized losses on investment securities transferred to HTM			$	7,159					$	7,440					$	6,218					Interest and dividends on investment securities
Tax effect			(1,902)						(2,105)						(1,520)						Income tax benefit
Net of tax			$	5,257					$	5,335					$	4,698
Defined benefit plan items:
Amortization of net actuarial (gains) losses			$	(2)					$	(74)					$	304					Other operating expense - other (1)
Amortization of net transition obligation			—						7						18						Other operating expense - other (1)
Settlement			—						—						4,884						Other operating expense - other (1)
Total before tax			(2)						(67)						5,206
Tax effect			1						18						(1,902)						Income tax expense (benefit)
Net of tax			$	(1)					$	(49)					$	3,304
Total reclassifications, net of tax			$	12,570					$	6,813					$	8,002

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Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss).

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Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-14A

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481674/830-30-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-20

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- Definition

Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 1
-Section 45
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1

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