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Accumulated Other Comprehensive Loss (Tables) | 3 Months Ended
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Mar. 31, 2023
Accumulated Other Comprehensive Loss [Abstract] |
Schedule of Accumulated Other Comprehensive Loss | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Investment | ​ | Investment | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | securities- | ​ | securities- | ​ | Investment | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | with OTTI | ​ | all other | ​ | securities- | ​ | Cash Flow | ​ | Pension | ​ | ​ | ​ | ​
(in thousands) |  | AFS |  | AFS |  | HTM |  | Hedge |  | Plan |  | SERP |  | Total
Accumulated OCL, net: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance - January 1, 2022 | ​ | $ | (949) | ​ | $ | (5,749) | ​ | $ | (134) | ​ | $ | (319) | ​ | $ | (18,108) | ​ | $ | (2,055) | ​ | $ | (27,314)
Other comprehensive income/(loss) before reclassifications | ​ | ​ | (614) | ​ | ​ | (10,629) | ​ | ​ | (6,120) | ​ | ​ | 1,116 | ​ | ​ | 684 | ​ | ​ | 2,430 | ​ | ​ | (13,133)
Amounts reclassified from accumulated other comprehensive loss | ​ | ​ | (148) | ​ | ​ | (2) | ​ | ​ | 551 | ​ | ​ | — | ​ | ​ | 821 | ​ | ​ | 199 | ​ | ​ | 1,421
Balance - December 31, 2022 | ​ | $ | (1,711) | ​ | $ | (16,380) | ​ | $ | (5,703) | ​ | $ | 797 | ​ | $ | (16,603) | ​ | $ | 574 | ​ | $ | (39,026)
Other comprehensive income/(loss) before reclassifications | ​ | ​ | (1,180) | ​ | ​ | 985 | ​ | ​ | — | ​ | ​ | (138) | ​ | ​ | 123 | ​ | ​ | — | ​ | ​ | (210)
Amounts reclassified from accumulated other comprehensive loss | ​ | ​ | (37) | ​ | ​ | — | ​ | ​ | 133 | ​ | ​ | — | ​ | ​ | 184 | ​ | ​ | (1) | ​ | ​ | 279
Balance - March 31, 2023 | ​ | $ | (2,928) | ​ | $ | (15,395) | ​ | $ | (5,570) | ​ | $ | 659 | ​ | $ | (16,296) | ​ | $ | 573 | ​ | $ | (38,957)
​
Components of Comprehensive Income |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Before | ​ | Tax | ​ | ​
Components of Other Comprehensive Income | ​ | Tax | ​ | (Expense) | ​ | ​
(in thousands) |  | Amount |  | Benefit |  | Net
For the three months ended March 31, 2023 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Available for sale (AFS) securities with OTTI: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding losses | ​ | $ | (1,606) | ​ | $ | 426 | ​ | $ | (1,180)
Less: accretable yield recognized in income | ​ | ​ | 50 | ​ | ​ | (13) | ​ | ​ | 37
Net unrealized losses on investments with OTTI | ​ | ​ | (1,656) | ​ | ​ | 439 | ​ | ​ | (1,217)
Available for sale securities – all other: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding gains | ​ | ​ | 1,340 | ​ | ​ | (355) | ​ | ​ | 985
Held to maturity securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding losses on securities transferred to held to maturity | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Less: amortization recognized in income | ​ | ​ | (181) | ​ | ​ | 48 | ​ | ​ | (133)
Net unrealized gains on HTM securities | ​ | ​ | 181 | ​ | ​ | (48) | ​ | ​ | 133
Cash flow hedges: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding losses | ​ | ​ | (188) | ​ | ​ | 50 | ​ | ​ | (138)
Pension Plan: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized net actuarial gain | ​ | ​ | 168 | ​ | ​ | (45) | ​ | ​ | 123
Less: amortization of unrecognized loss | ​ | ​ | (250) | ​ | ​ | 66 | ​ | ​ | (184)
Net pension plan liability adjustment | ​ | ​ | 418 | ​ | ​ | (111) | ​ | ​ | 307
SERP: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized net actuarial loss | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Less: amortization of unrecognized gain | ​ | ​ | 2 | ​ | ​ | (1) | ​ | ​ | 1
Net SERP liability adjustment | ​ | ​ | (2) | ​ | ​ | 1 | ​ | ​ | (1)
Other comprehensive income | ​ | $ | 93 | ​ | $ | (24) | ​ | $ | 69
​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Before | ​ | Tax | ​ | ​
Components of Other Comprehensive Loss | ​ | Tax | ​ | (Expense) | ​ | ​
(in thousands) |  | Amount |  | Benefit |  | Net
For the three months ended March 31, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Available for sale (AFS) securities with OTTI: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding gains | ​ | $ | 141 | ​ | $ | (38) | ​ | $ | 103
Less: accretable yield recognized in income | ​ | ​ | 50 | ​ | ​ | (13) | ​ | ​ | 37
Net unrealized gains on investments with OTTI | ​ | ​ | 91 | ​ | ​ | (25) | ​ | ​ | 66
Available for sale securities – all other: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding losses | ​ | ​ | (10,844) | ​ | ​ | 2,901 | ​ | ​ | (7,943)
Unrealized holding losses on securities transferred from available for sale to held to maturity | ​ | ​ | 8,328 | ​ | ​ | (2,228) | ​ | ​ | 6,100
Less: gains recognized in income | ​ | ​ | 3 | ​ | ​ | (1) | ​ | ​ | 2
Net unrealized losses on all other AFS securities | ​ | ​ | (2,519) | ​ | ​ | 674 | ​ | ​ | (1,845)
Held to maturity securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding losses on securities transferred to held to maturity | ​ | ​ | (8,328) | ​ | ​ | 2,228 | ​ | ​ | (6,100)
Less: amortization recognized in income | ​ | ​ | (94) | ​ | ​ | 25 | ​ | ​ | (69)
Net unrealized loss on HTM securities | ​ | ​ | (8,234) | ​ | ​ | 2,203 | ​ | ​ | (6,031)
Cash flow hedges: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding gains | ​ | ​ | 839 | ​ | ​ | (225) | ​ | ​ | 614
Pension Plan: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized net actuarial loss | ​ | ​ | (3,620) | ​ | ​ | 969 | ​ | ​ | (2,651)
Less: amortization of unrecognized loss | ​ | ​ | (279) | ​ | ​ | 75 | ​ | ​ | (204)
Net pension plan liability adjustment | ​ | ​ | (3,341) | ​ | ​ | 894 | ​ | ​ | (2,447)
SERP: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Less: amortization of unrecognized loss | ​ | ​ | (68) | ​ | ​ | 18 | ​ | ​ | (50)
Less: amortization of prior service costs | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Net SERP liability adjustment | ​ | ​ | 68 | ​ | ​ | (18) | ​ | ​ | 50
Other comprehensive loss | ​ | $ | (13,096) | ​ | $ | 3,503 | ​ | $ | (9,593)
​
Reclassification out of Accumulated Other Comprehensive Income | The following table presents the details of amounts reclassified from accumulated other comprehensive loss for the three month period ended March 31, 2023 and 2022:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amounts Reclassified from | ​ | Three Months Ended | ​ | ​
Accumulated Other Comprehensive Loss | ​ | March 31, | ​ | Affected Line Item in the Statement
(in thousands) |  | 2023 |  | 2022 |  | Where Net Income is Presented
Net unrealized gains on available for sale investment securities with OTTI: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Accretable yield | ​ | $ | 50 | ​ | $ | 50 | ​ | Interest income on taxable investment securities
Taxes | ​ | ​ | (13) | ​ | ​ | (13) | ​ | Credit for income tax expense
​ | ​ | $ | 37 | ​ | $ | 37 | ​ | Net of tax
Net unrealized gains on available for sale investment securities - all others: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Gains recognized | ​ | $ | — | ​ | $ | 3 | ​ | Net gains
Taxes | ​ | ​ | — | ​ | ​ | (1) | ​ | Provision for income tax expense
​ | ​ | $ | — | ​ | $ | 2 | ​ | Net of tax
Net unrealized losses on held to maturity securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amortization | ​ | $ | (181) | ​ | $ | (94) | ​ | Interest income on taxable investment securities
Taxes | ​ | ​ | 48 | ​ | ​ | 25 | ​ | Provision for income tax expense
​ | ​ | $ | (133) | ​ | $ | (69) | ​ | Net of tax
Net pension plan liability adjustment: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amortization of unrecognized loss | ​ | $ | (250) | ​ | $ | (279) | ​ | Other Expense
Taxes | ​ | ​ | 66 | ​ | ​ | 75 | ​ | Provision for income tax expense
​ | ​ | $ | (184) | ​ | $ | (204) | ​ | Net of tax
Net SERP liability adjustment: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amortization of unrecognized gain/(loss) | ​ | $ | 2 | ​ | $ | (68) | ​ | Other Expense
Taxes | ​ | ​ | (1) | ​ | ​ | 18 | ​ | (Credit)/provision for income tax expense
​ | ​ | $ | 1 | ​ | $ | (50) | ​ | Net of tax
Total reclassifications for the period | ​ | $ | (279) | ​ | $ | (284) | ​ | Net of tax
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- Definition Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=124509347&loc=d3e526-108580 + Details
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