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Accumulated Other Comprehensive Loss (Tables) | 3 Months Ended
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Mar. 31, 2024
Accumulated Other Comprehensive Loss [Abstract] |
Changes in Accumulated Other Comprehensive Loss by Component, Net of Tax | The following tables present the changes in accumulated other comprehensive income by component, net of tax, for the three months ended March 31, 2024 and 2023 (in thousands):
|  | Three months ended March 31, 2024 |
|  | Unrealized gain (loss) on available for sale securities (a) |  |  | Defined Benefit Pension Items (a) |  |  | Unrealized loss on interest rate swap (a) |  |  | Total |
Balance as of December 31, 2023 |  | $ | (28,238 | ) |  | $ | (972 | ) |  | $ | 4,299 |  |  | $ | (24,911 | )
Other comprehensive income (loss) before reclassifications (net of tax) |  |  | (1,831 | ) |  |  | - |  |  |  | 624 |  |  |  | (1,207 | )
Amounts reclassified from accumulated other comprehensive income (loss) (net of tax) |  |  | - |  |  |  | 2 |  |  |  | (504 | ) |  |  | (502 | )
Net current period other comprehensive income (loss) |  |  | (1,831 | ) |  |  | 2 |  |  |  | 120 |  |  |  | (1,709 | )
Balance as of March 31, 2024 |  | $ | (30,069 | ) |  | $ | (970 | ) |  | $ | 4,419 |  |  | $ | (26,620 | )
|  | Three months ended March 31, 2023 |
|  | Unrealized gain (loss) on available for sale securities (a) |  |  | Defined Benefit Pension Items (a) |  |  | Unrealized loss on interest rate swap (a) |  |  | Total |
Balance as of December 31, 2022 |  | $ | (37,514 | ) |  | $ | (1,056 | ) |  | $ | 5,429 |  |  | $ | (33,141 | )
Other comprehensive income (loss) before reclassifications (net of tax) |  |  | 7,092 |  |  |  | - |  |  |  | (359 | ) |  |  | 6,733 |
Amounts reclassified from accumulated other comprehensive income (loss) (net of tax) |  |  | - |  |  |  | 6 |  |  |  | (360 | ) |  |  | (354 | )
Net current period other comprehensive income (loss) |  |  | 7,092 |  |  |  | 6 |  |  |  | (719 | ) |  |  | 6,379 |
Balance as of March 31, 2023 |  | $ | (30,422 | ) |  | $ | (1,050 | ) |  | $ | 4,710 |  |  | $ | (26,762 | )
(a) Amounts in parentheses indicate debits on the Consolidated Balance Sheet.
Significant Amounts Reclassified Out of Each Component of Accumulated Other Comprehensive Loss | The following table presents the significant amounts reclassified out of each component of accumulated other comprehensive loss for the three months ended March 31, 2024 and 2023 (in thousands):
Details about accumulated other comprehensive income (loss) |  | Amount reclassified from accumulated comprehensive income (loss) (a) |  | Affected line item in the Consolidated Statement of Income
|  | Three Months Ended March 31, |  |
|  | 2024 |  |  | 2023 |  |
Unrealized gains and losses on available for sale securities |  |  |  |  |  |  |
|  | $ | - |  |  | $ | - |  | Available for sale securities gains, net
|  |  | - |  |  |  | - |  | Provision for income taxes
|  | $ | - |  |  | $ | - |  | Net of tax
Defined benefit pension items |  |  |  |  |  |  |  |  |
|  | $ | (2 | ) |  | $ | (7 | ) | Other expenses
|  |  | - |  |  |  | 1 |  | Provision for income taxes
|  | $ | (2 | ) |  | $ | (6 | ) | Net of tax
Unrealized gain (loss) on interest rate swap |  | $ | 638 |  |  | $ | 456 |  | Interest expense
|  |  | (134 | ) |  |  | (96 | ) | Provision for income taxes
|  | $ | 504 |  |  | $ | 360 |  | Net of tax
Total reclassifications |  | $ | 502 |  |  | $ | 354 |  |
(a) Amounts in parentheses indicate expenses and other amounts indicate income on the Consolidated Statement of Income

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