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Accumulated Other Comprehensive Loss (Tables)
 6 Months Ended
Jun. 30, 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 loss by component, net of tax, for the three and six months ended June 30, 2024 and 2023 (in thousands):

 
Three months ended June 30, 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 March 31, 2024
  
$
(30,069
)
  
$
(970
)
  
$
4,419
    
$
(26,620
)
Other comprehensive income (loss) before reclassifications (net of tax)
    
911
      
-
      
263
      
1,174
  
Amounts reclassified from accumulated other comprehensive income (loss) (net of tax)
    
-
      
11
      
(497
)
    
(486
)
Net current period other comprehensive income (loss)
   
911
      
11
      
(234
)
    
688
  
Balance as of June 30, 2024
  
$
(29,158
)
  
$
(959
)
  
$
4,185
    
$
(25,932
)

 
Six months ended June 30, 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)
    
(920
)
    
-
      
887
      
(33
)
Amounts reclassified from accumulated other comprehensive income (loss) (net of tax)
    
-
      
13
      
(1,001
)
    
(988
)
Net current period other comprehensive income (loss)
   
(920
)
    
13
      
(114
)
    
(1,021
)
Balance as of June 30, 2024
  
$
(29,158
)
  
$
(959
)
  
$
4,185
    
$
(25,932
)


 
Three months ended June 30, 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 March 31, 2023
  
$
(30,422
)
  
$
(1,050
)
  
$
4,710
    
$
(26,762
)
Other comprehensive income (loss) before reclassifications (net of tax)
    
(4,736
)
    
-
      
888
      
(3,848
)
Amounts reclassified from accumulated other comprehensive income (loss) (net of tax)
    
39
      
5
      
(414
)
    
(370
)
Net current period other comprehensive income (loss)
   
(4,697
)
    
5
      
474
      
(4,218
)
Balance as of June 30, 2023
  
$
(35,119
)
  
$
(1,045
)
  
$
5,184
    
$
(30,980
)

 
Six months ended June 30, 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)
    
2,356
      
-
      
529
      
2,885
  
Amounts reclassified from accumulated other comprehensive income (loss) (net of tax)
    
39
      
11
      
(774
)
    
(724
)
Net current period other comprehensive income (loss)
   
2,395
      
11
      
(245
)
    
2,161
  
Balance as of June 30, 2023
  
$
(35,119
)
  
$
(1,045
)
  
$
5,184
    
$
(30,980
)

(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 and six months ended June 30, 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 June 30,
  
 
 
  
2024
    
2023
  
 
Unrealized gains and losses on available for sale securities
            
             
   
$
-
    
$
(51
)
Available for sale securities losses, net
     
-
      
12
  
Provision for income taxes
   
$
-
    
$
(39
)
Net of tax
Defined benefit pension items
                                        
 
  
$
(14
)
  
$
(7
)
Other expenses
 
    
3
      
2
  
Provision for income taxes
 
  
$
(11
)
  
$
(5
)
Net of tax
                                               
Unrealized gain (loss) on interest rate swap
   $ 630     $ 524  
Interest expense
      (133 )     (110 )
Provision for income taxes
    $ 497     $ 414  
Net of tax
                                       
Total reclassifications
  
$
486
    
$
370
  
 

Six Months Ended June 30,
 
  
2024
    
2023
  
 
Unrealized gains and losses on available for sale securities
            
                 
   
$
-
    
$
(51
)
Available for sale securities losses, net
     
-
      
12
  
Provision for income taxes
   
$
-
    
$
(39
)
Net of tax
Defined benefit pension items
                                                
 
  
$
(16
)
  
$
(14
)
Other expenses
 
    
3
      
3
  
Provision for income taxes
 
  
$
(13
)
  
$
(11
)
Net of tax
                                            
Unrealized gain (loss) on interest rate swap   $ 1,268     $ 980  
Interest expense
      (267 )     (206 )
Provision for income taxes
    $ 1,001     $ 774  
Net of tax
                                                         
Total reclassifications
  
$
988
    
$
724
  
 

(a) Amounts in parentheses indicate expenses and other amounts indicate income on the Consolidated Statement of Income