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Accumulated Other Comprehensive Loss | 12 Months Ended
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Dec. 31, 2023
Accumulated Other Comprehensive Loss [Abstract] |
Accumulated Other Comprehensive Loss | 12. Accumulated Other Comprehensive Loss (“AOCL”) The following table presents the changes in each component of accumulated other comprehensive loss for the years ended December 31, 2023 and 2022: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(in thousands) |  | Investment securities- with credit related impairment AFS |  | Investment securities- all other AFS |  | Investment securities- HTM |  | Cash Flow Hedge |  | Pension 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 (loss)/income before reclassifications | ​ | ​ | (622) | ​ | ​ | 61 | ​ | ​ | — | ​ | ​ | (228) | ​ | ​ | 1,605 | ​ | ​ | (1,802) | ​ | ​ | (986)
Amounts reclassified from accumulated other comprehensive loss | ​ | ​ | (149) | ​ | ​ | 3,102 | ​ | ​ | 502 | ​ | ​ | — | ​ | ​ | 735 | ​ | ​ | (5) | ​ | ​ | 4,185
Balance - December 31, 2023 | ​ | $ | (2,482) | ​ | $ | (13,217) | ​ | $ | (5,201) | ​ | $ | 569 | ​ | $ | (14,263) | ​ | $ | (1,233) | ​ | $ | (35,827)
​ The following tables present the components of other comprehensive (loss)/income for the years ended December 31, 2023 and 2022: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Components of Other Comprehensive Income (in thousands) |  | Before Tax Amount |  | Tax (Expense) Benefit |  | Net
For the year ended December 31, 2023 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Available for sale (AFS) securities with credit-related impairment | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding losses | ​ | $ | (845) | ​ | $ | 223 | ​ | $ | (622)
Less: accretable yield recognized in income | ​ | ​ | 202 | ​ | ​ | (53) | ​ | ​ | 149
Net unrealized losses on investments with credit-related impairment | ​ | ​ | (1,047) | ​ | ​ | 276 | ​ | ​ | (771)
Available for sale securities – all other: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding gains | ​ | ​ | 83 | ​ | ​ | (22) | ​ | ​ | 61
Less: losses recognized in income | ​ | ​ | (4,214) | ​ | ​ | 1,112 | ​ | ​ | (3,102)
Net unrealized gains on all other AFS securities | ​ | ​ | 4,297 | ​ | ​ | (1,134) | ​ | ​ | 3,163
Held to maturity securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding losses on securities transferred to held to maturity | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Less: amortization recognized in income | ​ | ​ | (682) | ​ | ​ | 180 | ​ | ​ | (502)
Net unrealized gains on HTM securities | ​ | ​ | 682 | ​ | ​ | (180) | ​ | ​ | 502
Cash flow hedges: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding losses | ​ | ​ | (310) | ​ | ​ | 82 | ​ | ​ | (228)
Net unrealized losses on cash flow hedges | ​ | ​ | (310) | ​ | ​ | 82 | ​ | ​ | (228)
Pension Plan: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized net actuarial gain | ​ | ​ | 2,180 | ​ | ​ | (575) | ​ | ​ | 1,605
Less: amortization of unrecognized loss | ​ | ​ | (998) | ​ | ​ | 263 | ​ | ​ | (735)
Net pension plan liability adjustment | ​ | ​ | 3,178 | ​ | ​ | (838) | ​ | ​ | 2,340
SERP: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized net actuarial loss | ​ | ​ | (2,448) | ​ | ​ | 646 | ​ | ​ | (1,802)
Less: amortization of unrecognized loss | ​ | ​ | 7 | ​ | ​ | (2) | ​ | ​ | 5
Net SERP liability adjustment | ​ | ​ | (2,455) | ​ | ​ | 648 | ​ | ​ | (1,807)
Other comprehensive income | ​ | $ | 4,345 | ​ | $ | (1,146) | ​ | $ | 3,199
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Components of Other Comprehensive Loss (in thousands) |  | Before Tax Amount |  | Tax (Expense) Benefit |  | Net
For the year ended December 31, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Available for sale (AFS) securities with credit related impairment: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding losses | ​ | $ | (835) | ​ | $ | 221 | ​ | $ | (614)
Less: accretable yield recognized in income | ​ | ​ | 202 | ​ | ​ | (54) | ​ | ​ | 148
Net unrealized losses on investments with credit related impairment | ​ | ​ | (1,037) | ​ | ​ | 275 | ​ | ​ | (762)
Available for sale securities – all other: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding losses | ​ | ​ | (22,792) | ​ | ​ | 6,043 | ​ | ​ | (16,749)
Unrealized holding losses on securities transferred from available for sale to held to maturity | ​ | ​ | 8,328 | ​ | ​ | (2,208) | ​ | ​ | 6,120
Less: gains recognized in income | ​ | ​ | 3 | ​ | ​ | (1) | ​ | ​ | 2
Net unrealized losses on all other AFS securities | ​ | ​ | (14,467) | ​ | ​ | 3,836 | ​ | ​ | (10,631)
Held to maturity securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding losses on securities transferred to held to maturity | ​ | ​ | (8,328) | ​ | ​ | 2,208 | ​ | ​ | (6,120)
Less: gains recognized in income | ​ | ​ | 91 | ​ | ​ | (24) | ​ | ​ | 67
Less: amortization recognized in income | ​ | ​ | (841) | ​ | ​ | 223 | ​ | ​ | (618)
Net unrealized losses on HTM securities | ​ | ​ | (7,578) | ​ | ​ | 2,009 | ​ | ​ | (5,569)
Cash flow hedges: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding gains | ​ | ​ | 1,521 | ​ | ​ | (405) | ​ | ​ | 1,116
Net unrealized gains on cash flow hedges | ​ | ​ | 1,521 | ​ | ​ | (405) | ​ | ​ | 1,116
Pension Plan: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized net actuarial gain | ​ | ​ | 931 | ​ | ​ | (247) | ​ | ​ | 684
Less: amortization of unrecognized loss | ​ | ​ | (1,117) | ​ | ​ | 296 | ​ | ​ | (821)
Net pension plan liability adjustment | ​ | ​ | 2,048 | ​ | ​ | (543) | ​ | ​ | 1,505
SERP: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized net actuarial gain | ​ | ​ | 3,307 | ​ | ​ | (877) | ​ | ​ | 2,430
Less: amortization of unrecognized loss | ​ | ​ | (271) | ​ | ​ | 72 | ​ | ​ | (199)
Net SERP liability adjustment | ​ | ​ | 3,578 | ​ | ​ | (949) | ​ | ​ | 2,629
Other comprehensive loss | ​ | $ | (15,935) | ​ | $ | 4,223 | ​ | $ | (11,712)
​ The following tables present the details of accumulated other comprehensive loss components for the years ended December 31, 2023 and 2022: ​
​ | ​ | ​ | ​ | ​ | ​
Details of Accumulated Other Comprehensive Income Components | ​ | Amount Reclassified from Accumulated Other Comprehensive Loss | ​ | Affected Line Item in the Statement
(in thousands) |  | 2023 |  | Where Net Income is Presented
Net unrealized losses on investment securities with credit related impairment: | ​ | ​ | ​ | ​ | ​
Accretable Yield | ​ | $ | 202 | ​ | Interest income on taxable investment securities
Taxes | ​ | ​ | (53) | ​ | Provision for income tax expense
​ | ​ | $ | 149 | ​ | Net of tax
Net unrealized losses on available for sale investment securities - all other: | ​ | ​ | ​ | ​ | ​
Loss on sales | ​ | $ | (4,214) | ​ | Net gains
Taxes | ​ | ​ | 1,112 | ​ | Provision for income tax expense
​ | ​ | $ | (3,102) | ​ | Net of tax
Net unrealized gains on held to maturity investment securities: | ​ | ​ | ​ | ​ | ​
Amortization | ​ | $ | (682) | ​ | Interest income on taxable investment securities
Taxes | ​ | ​ | 180 | ​ | Provision for income tax expense
​ | ​ | $ | (502) | ​ | Net of tax
Net pension plan liability adjustment: | ​ | ​ | ​ | ​ | ​
Amortization of unrecognized loss | ​ | $ | (998) | ​ | Other expense
Taxes | ​ | ​ | 263 | ​ | Provision for income tax expense
​ | ​ | $ | (735) | ​ | Net of tax
Net SERP liability adjustment: | ​ | ​ | ​ | ​ | ​
Amortization of unrecognized loss | ​ | $ | 7 | ​ | Other expense
Taxes | ​ | ​ | (2) | ​ | Provision for income tax expense
​ | ​ | $ | 5 | ​ | Net of tax
Total reclassifications for the period | ​ | $ | (4,185) | ​ | Net of tax
​
​ | ​ | ​ | ​ | ​ | ​
Details of Accumulated Other Comprehensive Loss Components | ​ | Amount Reclassified from Accumulated Other Comprehensive Loss | ​ | Affected Line Item in the Statement
(in thousands) |  | 2022 |  | Where Net Income is Presented
Net unrealized losses on investment securities with credit related impairment: | ​ | ​ | ​ | ​ | ​
Accretable Yield | ​ | $ | 202 | ​ | Interest income on taxable investment securities
Taxes | ​ | ​ | (54) | ​ | Provision for income tax expense
​ | ​ | $ | 148 | ​ | Net of tax
Net unrealized gains on available for sale investment securities - all other: | ​ | ​ | ​ | ​ | ​
Gains on sales | ​ | $ | 3 | ​ | Net gains
Taxes | ​ | ​ | (1) | ​ | Provision for income tax expense
​ | ​ | $ | 2 | ​ | Net of tax
Net unrealized gains on held to maturity investment securities: | ​ | ​ | ​ | ​ | ​
Amortization | ​ | $ | (841) | ​ | Interest income on taxable investment securities
Gains recognized | ​ | ​ | 91 | ​ | Provision for income tax expense
Taxes | ​ | ​ | 199 | ​ | Net of tax
​ | ​ | $ | (551) | ​ | ​
Net pension plan liability adjustment: | ​ | ​ | ​ | ​ | Other expense
Amortization of unrecognized loss | ​ | $ | (1,117) | ​ | Other expense
Taxes | ​ | ​ | 296 | ​ | Net of tax
​ | ​ | $ | (821) | ​ | ​
Net SERP liability adjustment: | ​ | ​ | ​ | ​ | Other expense
Amortization of unrecognized loss | ​ | $ | (271) | ​ | Other expense
Taxes | ​ | ​ | 72 | ​ | Net of tax
​ | ​ | $ | (199) | ​ | Net of tax
Total reclassifications for the period | ​ | $ | (1,421) | ​ | ​
​

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- 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
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