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Comprehensive Income (Tables) | 6 Months Ended
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Jun. 30, 2023
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract] |
Reclassification out of Accumulated Other Comprehensive Income | The following tables present the reclassified components of accumulated other comprehensive income (“AOCI”) as of and for the periods shown:
|  | Three Months Ended June 30, |  | Six Months Ended June 30, |  |
(Dollars in thousands) |  | 2023 |  | 2022 |  | 2023 |  | 2022 |  |
Details about AOCI components |  | Amount reclassified from AOCI |  | Amount reclassified from AOCI |  | Amount reclassified from AOCI |  | Amount reclassified from AOCI |  | Affected income statement line item
Available-for-sale securities |  |  |  |  |  |  |  |  |  |
Realized gain (loss) recognized in income |  | $ | (294) |  |  | $ | — |  |  | $ | (1,830) |  |  | $ | 650 |  |  | Gain (loss) on sale of available-for-sale securities
Income tax effect |  | 71 |  |  | — |  |  | 440 |  |  | (152) |  |  | Income taxes
Realized gain (loss) recognized in income, net of tax |  | (223) |  |  | — |  |  | (1,390) |  |  | 498 |  |  |
Defined benefit pension plan items |  |  |  |  |  |  |  |  |  |
Amortization of net actuarial loss |  | (29) |  |  | $ | (107) |  |  | $ | (58) |  |  | $ | (214) |  |  | Salaries and employee benefits
Income tax effect |  | 7 |  |  | 27 |  |  | 14 |  |  | 52 |  |  | Income taxes
Defined benefit pension plan items, net of tax |  | (22) |  |  | (80) |  |  | (44) |  |  | (162) |  |  |
Investment hedge |  |  |  |  |  |  |  |  |  |
Carrying value adjustment |  | (45) |  |  | 187 |  |  | 289 |  |  | 197 |  |  | Interest on investment securities
Income tax effect |  | 11 |  |  | (47) |  |  | (69) |  |  | (49) |  |  | Income taxes
Investment hedge, net of tax |  | (34) |  |  | 140 |  |  | 220 |  |  | 148 |  |  |
Total reclassifications |  | $ | (279) |  |  | $ | 60 |  |  | $ | (1,214) |  |  | $ | 484 |  |  |
Components of Accumulated Other Comprehensive Income |
(Dollars in thousands) |  | Unrealized gains (losses) on available for-sale securities |  | Defined benefit pension plan items |  | Investment hedge |  | Total
Balance at March 31, 2023 |  | $ | (27,810) |  |  | $ | (3,128) |  |  | $ | — |  |  | $ | (30,938) |
Other comprehensive income (loss) before reclassification |  | (4,087) |  |  | 282 |  |  | — |  |  | (3,805) |
Amounts reclassified from accumulated other comprehensive income (loss) |  | 223 |  |  | 22 |  |  | 34 |  |  | 279 |
Net current period other comprehensive income (loss) |  | (3,864) |  |  | 304 |  |  | 34 |  |  | (3,526) |
Balance at June 30, 2023 |  | $ | (31,674) |  |  | $ | (2,824) |  |  | $ | 34 |  |  | $ | (34,464) |
Balance at December 31, 2022 |  | $ | (34,829) |  |  | $ | (3,129) |  |  | $ | 254 |  |  | $ | (37,704) |
Other comprehensive income (loss) before reclassification |  | 1,765 |  |  | 261 |  |  | — |  |  | 2,026 |
Amounts reclassified from accumulated other comprehensive income (loss) |  | 1,390 |  |  | 44 |  |  | (220) |  |  | 1,214 |
Net current period other comprehensive income (loss) |  | 3,155 |  |  | 305 |  |  | (220) |  |  | 3,240 |
Balance at June 30, 2023 |  | $ | (31,674) |  |  | $ | (2,824) |  |  | $ | 34 |  |  | $ | (34,464) |
Balance at March 31, 2022 |  | $ | (13,766) |  |  | $ | (3,704) |  |  | $ | 308 |  |  | $ | (17,162) |
Other comprehensive income (loss) before reclassification |  | (12,437) |  |  | 239 |  |  | — |  |  | (12,198) |
Amounts reclassified from accumulated other comprehensive income (loss) |  | — |  |  | 80 |  |  | (140) |  |  | (60) |
Net current period other comprehensive income (loss) |  | (12,437) |  |  | 319 |  |  | (140) |  |  | (12,258) |
Balance at June 30, 2022 |  | $ | (26,203) |  |  | $ | (3,385) |  |  | $ | 168 |  |  | $ | (29,420) |
Balance at December 31, 2021 |  | $ | 147 |  |  | $ | (4,069) |  |  | $ | 316 |  |  | $ | (3,606) |
Other comprehensive income (loss) before reclassification |  | (25,852) |  |  | 522 |  |  | — |  |  | (25,330) |
Amounts reclassified from accumulated other comprehensive income (loss) |  | (498) |  |  | 162 |  |  | (148) |  |  | (484) |
Net current period other comprehensive income (loss) |  | (26,350) |  |  | 684 |  |  | (148) |  |  | (25,814) |
Balance at June 30, 2022 |  | $ | (26,203) |  |  | $ | (3,385) |  |  | $ | 168 |  |  | $ | (29,420) |

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