Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2023

Summary of the components of accumulated other comprehensive income

The following table provides a roll-forward of the changes in AOCI by component for the years ended December 31, 2021, 2022 and 2023 (net of tax):


	Unrealized Gains (Losses) on AFS Securities		Unrealized Gains (Losses) on Derivative Instruments		Change in Unrecognized Pension Cost on Defined Benefit Pension Plan		Total
Balance, January 1, 2021	$	10,485	$	(42)	$	(2,745)	$	7,698
OCI before reclassifications	(8,371)		53		955		(7,363)
Amounts reclassified from AOCI	—		—		(31)		(31)
Subtotal	(8,371)		53		924		(7,394)
Tax effect	1,759		(11)		(193)		1,555
OCI, net of tax	(6,612)		42		731		(5,839)
Balance, December 31, 2021	3,873		—		(2,014)		1,859
OCI before reclassifications	(50,015)		—		762		(49,253)
Amounts reclassified from AOCI	—		—		59		59
Subtotal	(50,015)		—		821		(49,194)
Tax effect	10,314		—		(173)		10,141
OCI, net of tax	(39,701)		—		648		(39,053)
Balance, December 31, 2022	(35,828)		—		(1,366)		(37,194)
OCI before reclassifications	13,365		—		752		14,117
Amounts reclassified from AOCI	(67)		—		95		28
Subtotal	13,298		—		847		14,145
Tax effect	(2,669)		—		(178)		(2,847)
OCI, net of tax	10,629		—		669		11,298
Balance, December 31, 2023	$	(25,199)	$	—	$	(697)	$	(25,896)

A summary of the components of unrealized gains on AFS securities included in OCI follows for the years ended December 31:


	2023						2022						2021
	Auction Rate Money Market Preferred Stocks		All Other AFS Securities		Total		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	$	589	$	12,776	$	13,365	$	(900)	$	(49,115)	$	(50,015)	$	5	$	(8,376)	$	(8,371)
Reclassification adjustment for net (gains) losses included in net income	—		(67)		(67)		—		—		—		—		—		—
Net unrealized gains (losses)	589		12,709		13,298		(900)		(49,115)		(50,015)		5		(8,376)		(8,371)
Tax effect	—		(2,669)		(2,669)		—		10,314		10,314		—		1,759		1,759
Unrealized gains (losses), net of tax	$	589	$	10,040	$	10,629	$	(900)	$	(38,801)	$	(39,701)	$	5	$	(6,617)	$	(6,612)

Details about accumulated other comprehensive income components

The following table details reclassification adjustments and the related affected line items in our consolidated statements of income for the years ended December 31:


Details about AOCI components	Amount Reclassified from AOCI						Affected Line Item in the Consolidated Statements of Income
	2023		2022		2021
Unrealized gains (losses) on AFS securities
	$	67	$	—	$	—	Net gains on sale of AFS securities
	14		—		—		Federal income tax expense
	$	53	$	—	$	—	Net income

Change in unrecognized pension cost on defined benefit pension plan
	$	95	$	59	$	(31)	Other noninterest expenses
	20		12		(7)		Federal income tax (benefit) expense
	$	75	$	47	$	(24)	Net income