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Accumulated Other Comprehensive Loss (Tables) | 6 Months Ended
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Jun. 30, 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 (loss)/income 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 (loss)/income before reclassifications | ​ | ​ | (1,180) | ​ | ​ | 985 | ​ | ​ | — | ​ | ​ | (138) | ​ | ​ | 123 | ​ | ​ | — | ​ | ​ | (210)
Amounts reclassified from accumulated other comprehensive income | ​ | ​ | (37) | ​ | ​ | — | ​ | ​ | 133 | ​ | ​ | — | ​ | ​ | 184 | ​ | ​ | (1) | ​ | ​ | 279
Balance - March 31, 2023 | ​ | $ | (2,928) | ​ | $ | (15,395) | ​ | $ | (5,570) | ​ | $ | 659 | ​ | $ | (16,296) | ​ | $ | 573 | ​ | $ | (38,957)
Other comprehensive income/(loss) before reclassifications | ​ | ​ | 111 | ​ | ​ | (1,654) | ​ | ​ | — | ​ | ​ | 150 | ​ | ​ | (42) | ​ | ​ | — | ​ | ​ | (1,435)
Amounts reclassified from accumulated other comprehensive loss | ​ | ​ | (40) | ​ | ​ | — | ​ | ​ | 129 | ​ | ​ | — | ​ | ​ | 195 | ​ | ​ | (2) | ​ | ​ | 282
Balance - June 30, 2023 | ​ | $ | (2,857) | ​ | $ | (17,049) | ​ | $ | (5,441) | ​ | $ | 809 | ​ | $ | (16,143) | ​ | $ | 571 | ​ | $ | (40,110)
Components of Comprehensive Income |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Before | ​ | Tax | ​ | ​
Components of Other Comprehensive Loss | ​ | Tax | ​ | (Expense) | ​ | ​
(in thousands) |  | Amount |  | Benefit |  | Net
For the six months ended June 30, 2023 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Available for sale (AFS) securities with OTTI: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding losses | ​ | $ | (1,408) | ​ | $ | 339 | ​ | $ | (1,069)
Less: accretable yield recognized in income | ​ | ​ | 101 | ​ | ​ | (24) | ​ | ​ | 77
Net unrealized losses on investments with OTTI | ​ | ​ | (1,509) | ​ | ​ | 363 | ​ | ​ | (1,146)
Available for sale securities – all other: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding losses | ​ | ​ | (881) | ​ | ​ | 212 | ​ | ​ | (669)
Held to maturity securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding losses on securities transferred to held to maturity | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Less: amortization recognized in income | ​ | ​ | (345) | ​ | ​ | 83 | ​ | ​ | (262)
Net unrealized gains on HTM securities | ​ | ​ | 345 | ​ | ​ | (83) | ​ | ​ | 262
Cash flow hedges: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding gains | ​ | ​ | 16 | ​ | ​ | (4) | ​ | ​ | 12
Pension Plan: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized net actuarial gain | ​ | ​ | 105 | ​ | ​ | (24) | ​ | ​ | 81
Less: amortization of unrecognized loss | ​ | ​ | (499) | ​ | ​ | 120 | ​ | ​ | (379)
Net pension plan liability adjustment | ​ | ​ | 604 | ​ | ​ | (144) | ​ | ​ | 460
SERP: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized net actuarial loss | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Less: amortization of unrecognized loss | ​ | ​ | 4 | ​ | ​ | (1) | ​ | ​ | 3
Net SERP liability adjustment | ​ | ​ | (4) | ​ | ​ | 1 | ​ | ​ | (3)
Other comprehensive loss | ​ | $ | (1,429) | ​ | $ | 345 | ​ | $ | (1,084)
​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Before | ​ | Tax | ​ | ​
Components of Other Comprehensive Loss | ​ | Tax | ​ | (Expense) | ​ | ​
(in thousands) |  | Amount |  | Benefit |  | Net
For the six months ended June 30, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Available for sale (AFS) securities with OTTI: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding gains | ​ | $ | (654) | ​ | $ | 175 | ​ | $ | (479)
Less: accretable yield recognized in income | ​ | ​ | 101 | ​ | ​ | (27) | ​ | ​ | 74
Net unrealized losses on investments with OTTI | ​ | ​ | (755) | ​ | ​ | 202 | ​ | ​ | (553)
Available for sale securities – all other: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding losses | ​ | ​ | (16,203) | ​ | ​ | 4,336 | ​ | ​ | (11,867)
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 | ​ | ​ | (7,878) | ​ | ​ | 2,109 | ​ | ​ | (5,769)
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 | ​ | ​ | (324) | ​ | ​ | 87 | ​ | ​ | (237)
Net unrealized losses on HTM securities | ​ | ​ | (8,004) | ​ | ​ | 2,141 | ​ | ​ | (5,863)
Cash flow hedges: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding gains | ​ | ​ | 1,088 | ​ | ​ | (292) | ​ | ​ | 796
Pension Plan: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized net actuarial loss | ​ | ​ | (10,542) | ​ | ​ | 2,822 | ​ | ​ | (7,720)
Less: amortization of unrecognized loss | ​ | ​ | (558) | ​ | ​ | 150 | ​ | ​ | (408)
Net pension plan liability adjustment | ​ | ​ | (9,984) | ​ | ​ | 2,672 | ​ | ​ | (7,312)
SERP: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized net actuarial loss | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Less: amortization of unrecognized loss | ​ | ​ | (135) | ​ | ​ | 36 | ​ | ​ | (99)
Less: amortization of prior service costs | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Net SERP liability adjustment | ​ | ​ | 135 | ​ | ​ | (36) | ​ | ​ | 99
Other comprehensive loss | ​ | $ | (25,398) | ​ | $ | 6,796 | ​ | $ | (18,602)
​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Components of Other Comprehensive Loss (in thousands) | ​ | Before Tax Amount | ​ | Tax (Expense) Benefit | ​ | Net
For the three months ended June 30, 2023 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Available for sale (AFS) securities with OTTI: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding losses | ​ | $ | 198 | ​ | $ | (87) | ​ | $ | 111
Less: accretable yield recognized in income | ​ | ​ | 51 | ​ | ​ | (11) | ​ | ​ | 40
Net unrealized gains on investments with OTTI | ​ | ​ | 147 | ​ | ​ | (76) | ​ | ​ | 71
Available for sale securities – all other: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net unrealized losses on all other AFS securities | ​ | ​ | (2,221) | ​ | ​ | 567 | ​ | ​ | (1,654)
Held to maturity securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding gains | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Less: amortization recognized in income | ​ | ​ | (164) | ​ | ​ | 35 | ​ | ​ | (129)
Net unrealized gains on HTM securities | ​ | ​ | 164 | ​ | ​ | (35) | ​ | ​ | 129
Cash flow hedges: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding gains | ​ | ​ | 204 | ​ | ​ | (54) | ​ | ​ | 150
Pension Plan: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized net actuarial loss | ​ | ​ | (63) | ​ | ​ | 21 | ​ | ​ | (42)
Less: amortization of unrecognized loss | ​ | ​ | (249) | ​ | ​ | 54 | ​ | ​ | (195)
Net pension plan liability adjustment | ​ | ​ | 186 | ​ | ​ | (33) | ​ | ​ | 153
SERP: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized net actuarial loss | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Less: amortization of unrecognized loss | ​ | ​ | 2 | ​ | ​ | — | ​ | ​ | 2
Net SERP liability adjustment | ​ | ​ | (2) | ​ | ​ | — | ​ | ​ | (2)
Other comprehensive loss | ​ | $ | (1,522) | ​ | $ | 369 | ​ | $ | (1,153)
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Components of Other Comprehensive Loss (in thousands) | ​ | Before Tax Amount | ​ | Tax (Expense) Benefit | ​ | Net
For the three months ended June 30, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Available for sale (AFS) securities with OTTI: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding gains | ​ | $ | (795) | ​ | $ | 213 | ​ | $ | (582)
Less: accretable yield recognized in income | ​ | ​ | 51 | ​ | ​ | (14) | ​ | ​ | 37
Net unrealized losses on investments with OTTI | ​ | ​ | (846) | ​ | ​ | 227 | ​ | ​ | (619)
Available for sale securities – all other: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding losses | ​ | ​ | (5,359) | ​ | ​ | 1,435 | ​ | ​ | (3,924)
Less: gains recognized in income | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Net unrealized losses on all other AFS securities | ​ | ​ | (5,359) | ​ | ​ | 1,435 | ​ | ​ | (3,924)
Held to maturity securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding gains | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Less: gains recognized in income | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Less: amortization recognized in income | ​ | ​ | (230) | ​ | ​ | 62 | ​ | ​ | (168)
Net unrealized gains on HTM securities | ​ | ​ | 230 | ​ | ​ | (62) | ​ | ​ | 168
Cash flow hedges: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding gains | ​ | ​ | 249 | ​ | ​ | (67) | ​ | ​ | 182
Pension Plan: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized net actuarial loss | ​ | ​ | (6,922) | ​ | ​ | 1,853 | ​ | ​ | (5,069)
Less: amortization of unrecognized loss | ​ | ​ | (279) | ​ | ​ | 75 | ​ | ​ | (204)
Less: amortization of prior service costs | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Net pension plan liability adjustment | ​ | ​ | (6,643) | ​ | ​ | 1,778 | ​ | ​ | (4,865)
SERP: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized net actuarial loss | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Less: amortization of unrecognized loss | ​ | ​ | (67) | ​ | ​ | 18 | ​ | ​ | (49)
Less: amortization of prior service costs | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Net SERP liability adjustment | ​ | ​ | 67 | ​ | ​ | (18) | ​ | ​ | 49
Other comprehensive loss | ​ | $ | (12,302) | ​ | $ | 3,293 | ​ | $ | (9,009)
​
Reclassification out of Accumulated Other Comprehensive Income | The following table presents the details of amounts reclassified from accumulated other comprehensive loss for the six and three month periods ended June 30, 2023 and 2022: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amounts Reclassified from | ​ | Six Months Ended | ​ | ​
Accumulated Other Comprehensive Loss | ​ | June 30, | ​ | 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 | ​ | $ | 101 | ​ | $ | 101 | ​ | Interest income on taxable investment securities
Taxes | ​ | ​ | (24) | ​ | ​ | (27) | ​ | Credit for income tax expense
​ | ​ | $ | 77 | ​ | $ | 74 | ​ | 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 | ​ | $ | (345) | ​ | $ | (324) | ​ | Interest income on taxable investment securities
Taxes | ​ | ​ | 83 | ​ | ​ | 87 | ​ | Provision for income tax expense
​ | ​ | $ | (262) | ​ | $ | (237) | ​ | Net of tax
Net pension plan liability adjustment: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amortization of unrecognized loss | ​ | $ | (499) | ​ | $ | (558) | ​ | Other Expense
Taxes | ​ | ​ | 120 | ​ | ​ | 150 | ​ | Provision for income tax expense
​ | ​ | $ | (379) | ​ | $ | (408) | ​ | Net of tax
Net SERP liability adjustment: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amortization of unrecognized gain/(loss) | ​ | $ | 4 | ​ | $ | (135) | ​ | Other Expense
Taxes | ​ | ​ | (1) | ​ | ​ | 36 | ​ | (Credit)/provision for income tax expense
​ | ​ | $ | 3 | ​ | $ | (99) | ​ | Net of tax
Total reclassifications for the period | ​ | $ | (561) | ​ | $ | (668) | ​ | Net of tax
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amounts Reclassified from | ​ | Three Months Ended | ​ | ​
Accumulated Other Comprehensive Loss | ​ | June 30, | ​ | 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 | ​ | $ | 51 | ​ | $ | 51 | ​ | Interest income on taxable investment securities
Taxes | ​ | ​ | (11) | ​ | ​ | (14) | ​ | Provision for income tax expense
​ | ​ | $ | 40 | ​ | $ | 37 | ​ | Net of tax
Net unrealized losses on held to maturity securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amortization | ​ | $ | (164) | ​ | $ | (230) | ​ | Interest income on taxable investment securities
Taxes | ​ | ​ | 35 | ​ | ​ | 62 | ​ | Provision for income tax expense
​ | ​ | $ | (129) | ​ | $ | (168) | ​ | Net of tax
Net pension plan liability adjustment: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amortization of unrecognized loss | ​ | $ | (249) | ​ | $ | (279) | ​ | Other expense
Taxes | ​ | ​ | 54 | ​ | ​ | 75 | ​ | Provision for income tax expense
​ | ​ | $ | (195) | ​ | $ | (204) | ​ | Net of tax
Net SERP liability adjustment: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amortization of unrecognized loss | ​ | $ | 2 | ​ | $ | (67) | ​ | Other expense
Taxes | ​ | ​ | — | ​ | ​ | 18 | ​ | Provision for income tax expense
​ | ​ | $ | 2 | ​ | $ | (49) | ​ | Net of tax
Total reclassifications for the period | ​ | $ | (282) | ​ | $ | (384) | ​ | 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 -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 1 -Section 45 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1 + Details
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