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Accumulated Other Comprehensive Income (Loss) (Tables)
12 Months Ended
Dec. 31, 2024
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)

The following table represents the changes in accumulated other comprehensive income (loss) by component, net of tax, for the years ended December 31, 2024 and 2023.

 

 

Net unrealized
holding (losses)
gains on
available for
sale securities

 

 

Reclassification
adjustment for
(gains) losses
realized in
income on fair
value hedge

 

 

Change in
funded status of
post-retirement
plan

 

 

Total

 

December 31, 2024

 

 

 

 

 

 

Beginning balance

 

$

(171,539

)

 

$

(1,013

)

 

$

(2

)

 

$

(172,554

)

Other comprehensive (loss) before reclassification

 

 

(23,439

)

 

 

0

 

 

 

0

 

 

 

(23,439

)

Amounts reclassified from accumulated other comprehensive income

 

 

2,118

 

 

 

610

 

 

 

0

 

 

 

2,728

 

Net current period other comprehensive (loss) income

 

 

(21,321

)

 

 

610

 

 

 

0

 

 

 

(20,711

)

Ending balance

 

$

(192,860

)

 

$

(403

)

 

$

(2

)

 

$

(193,265

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2023

 

 

 

 

 

 

Beginning balance

 

$

(210,489

)

 

$

0

 

 

$

(1

)

 

$

(210,490

)

Other comprehensive income (loss) before reclassification

 

 

38,557

 

 

 

0

 

 

 

(1

)

 

 

38,556

 

Amounts reclassified from accumulated other comprehensive income (loss)

 

 

393

 

 

 

(1,013

)

 

 

0

 

 

 

(620

)

Net current period other comprehensive income (loss)

 

 

38,950

 

 

 

(1,013

)

 

 

(1

)

 

 

37,936

 

Ending balance

 

$

(171,539

)

 

$

(1,013

)

 

$

(2

)

 

$

(172,554

)