XML 32 R23.htm IDEA: XBRL DOCUMENT v3.23.3

Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2023

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income

The following table summarizes the changes in AOCI by component for the:

			Three Months Ended September 30
			2023																		2022
			Unrealized Gains (Losses) on AFS Securities												Defined Benefit Pension Plan						Total						Unrealized Gains (Losses) on AFS Securities												Defined Benefit Pension Plan						Total
Balance, July 1			$	(35,051)											$	(1,366)					$	(36,417)					$	(22,826)											$	(2,014)					$	(24,840)
OCI before reclassifications			(6,708)												—						(6,708)						(22,815)												—						(22,815)
Amounts reclassified from AOCI			—												—						—						—												—						—
Subtotal			(6,708)												—						(6,708)						(22,815)												—						(22,815)
Tax effect			1,394												—						1,394						4,788												—						4,788
OCI, net of tax			(5,314)												—						(5,314)						(18,027)												—						(18,027)
Balance, September 30			$	(40,365)											$	(1,366)					$	(41,731)					$	(40,853)											$	(2,014)					$	(42,867)

			Nine Months Ended September 30
			2023																		2022
			Unrealized Gains (Losses) on AFS Securities						Defined Benefit Pension Plan						Total						Unrealized Gains (Losses) on AFS Securities						Defined Benefit Pension Plan						Total
Balance, January 1			$	(35,828)					$	(1,366)					$	(37,194)					$	3,873					$	(2,014)					$	1,859
OCI before reclassifications			(5,736)						—						(5,736)						(56,413)						—						(56,413)
Amounts reclassified from AOCI			(67)						—						(67)						—						—						—
Subtotal			(5,803)						—						(5,803)						(56,413)						—						(56,413)
Tax effect			1,266						—						1,266						11,687						—						11,687
OCI, net of tax			(4,537)						—						(4,537)						(44,726)						—						(44,726)
Balance, September 30			$	(40,365)					$	(1,366)					$	(41,731)					$	(40,853)					$	(2,014)					$	(42,867)

Included in OCI for the three and nine-month periods ended September 30, 2023 and 2022 are changes in unrealized gains and losses related to certain auction rate money market preferred stocks. These investments, for federal income tax purposes, have no deferred federal income taxes related to unrealized gains or losses given the nature of the investments.

A summary of the components of unrealized gains on AFS securities included in OCI follows for the:

			Three Months Ended September 30
			2023																		2022
			Auction Rate Money Market Preferred Stocks						All Other AFS Securities						Total						Auction Rate Money Market Preferred Stocks						All Other AFS Securities						Total
Unrealized gains (losses) arising during the period			$	(67)					$	(6,641)					$	(6,708)					$	(18)					$	(22,797)					$	(22,815)
Reclassification adjustment for net (gains) losses included in net income			—						—						—						—						—						—
Net unrealized gains (losses)			(67)						(6,641)						(6,708)						(18)						(22,797)						(22,815)
Tax effect			—						1,394						1,394						—						4,788						4,788
Unrealized gains (losses), net of tax			$	(67)					$	(5,247)					$	(5,314)					$	(18)					$	(18,009)					$	(18,027)

			Nine Months Ended September 30
			2023																		2022
			Auction Rate Money Market Preferred Stocks						All Other AFS Securities						Total						Auction Rate Money Market Preferred Stocks						All Other AFS Securities						Total
Unrealized gains (losses) arising during the period			$	228					$	(5,964)					$	(5,736)					$	(763)					$	(55,650)					$	(56,413)
Reclassification adjustment for net (gains) losses included in net income			—						(67)						(67)						—						—						—
Net unrealized gains (losses)			228						(6,031)						(5,803)						(763)						(55,650)						(56,413)
Tax effect			—						1,266						1,266						—						11,687						11,687
Unrealized gains (losses), net of tax			$	228					$	(4,765)					$	(4,537)					$	(763)					$	(43,963)					$	(44,726)

X

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//220/tableOfContent

+ Details

Name:	us-gaap_ComprehensiveIncomeNoteTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_EquityAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration