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Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Statement of Comprehensive Income [Abstract]        
Net income $ 11,771 $ 4,836 $ 23,904 $ 16,063
Other comprehensive (loss)/income:        
Unrealized losses arising during the period on available for sale securities, net of income tax benefit [1] (201) (3,261) (1,912) (1,284)
Unrealized holding gains arising during the period on interest rate derivatives used in cash flow hedges, net of income tax cost [1] 28 2,837 1,438 2,709
Change in defined benefit plans, net of income tax benefit (cost) [1],[2] (3) (7) 5 (2)
Reclassification adjustment for settlement gains and activity related to benefit plans, net of income tax benefit [1],[3] 0 0 (17) (12)
Total other comprehensive (loss)/income (176) (431) (486) 1,411
Total comprehensive income $ 11,595 $ 4,405 $ 23,418 $ 17,474
[1] The income tax impacts of the components of other comprehensive income are calculated using a 21% statutory tax rate.
[2] The change in defined benefit plans consists primarily of unrecognized actuarial (losses)/gains on defined benefit plans during the period.
[3] The reclassification adjustment for benefit plans includes settlement gains, amortization of prior service costs, and amortization of net gain or loss. Amounts are included in other income on the Consolidated Statements of Income within total noninterest income.