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Accumulated Other Comprehensive Income (Loss) (Tables)
12 Months Ended
Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss)  
Schedule of components of accumulated other comprehensive income (loss)

(Dollars in thousands)

    

December 31, 2022

    

December 31, 2021

 

Net unrealized loss on investment securities available-for-sale

$

(66,250)

$

(1,791)

Income tax benefit

 

(14,266)

 

(376)

Net of income taxes

 

(51,984)

 

(1,415)

Benefit plan adjustments

 

(5,499)

 

(5,868)

Income tax benefit

 

(1,184)

 

(1,232)

Net of income taxes

 

(4,315)

 

(4,636)

Derivative adjustments

 

(47)

 

680

Income tax (benefit) expense

 

(10)

 

143

Net of income taxes

 

(37)

 

537

Accumulated other comprehensive loss

$

(56,336)

$

(5,514)

Schedule of other comprehensive income (loss) and related tax effects

Other comprehensive income (loss) and related tax effects for the years ended December 31, 2022, 2021 and 2020 are as follows:

 

(Dollars in thousands)

    

2022

    

2021

2020

Unrealized loss on investment securities available-for-sale

$

(66,435)

$

(11,487)

$

8,779

Net loss (gain) on the sale of investment securities available-for-sale (1)

1,976

(918)

Other comprehensive (loss) income on available-for-sale debt securities

(64,459)

(11,487)

7,861

Benefit plans:

Amortization of actuarial loss (2)

198

301

218

Actuarial gain (loss)

172

1,808

(1,616)

Net change in benefit plan liabilities

 

370

 

2,109

 

(1,398)

Net change in derivatives

(728)

(322)

315

Other comprehensive(loss) income before taxes

(64,817)

(9,700)

 

6,778

Income (benefit) tax

 

(13,995)

 

(2,037)

 

1,424

Other comprehensive (loss) income

$

(50,822)

$

(7,663)

$

5,354

(1)Represents amounts reclassified out of accumulated comprehensive income (loss) and included in gains on sale of investment securities on the consolidated statements of income and comprehensive income.
(2)Represents amounts reclassified out of accumulated comprehensive income (loss) and included in the computation of net periodic pension expense. Refer to Note 17 included in these consolidated financial statements.