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Accumulated Other Comprehensive Loss | 3 Months Ended
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Mar. 31, 2025
Accumulated Other Comprehensive Loss |
Accumulated Other Comprehensive Loss | Note 7 – Accumulated Other Comprehensive Loss The following table presents the changes in each component of accumulated other comprehensive loss for the three-month periods ended March 31, 2025 and 2024: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Investment | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | securities- | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | with credit | ​ | Investment | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | related | ​ | securities- | ​ | Investment | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | impairment | ​ | all other | ​ | securities- | ​ | Cash Flow | ​ | Pension | ​ | ​ | ​ | ​ | ​ | ​
(in thousands) |  | AFS |  | AFS |  | HTM |  | Hedge |  | Plan |  | SERP |  | Total
Accumulated OCL, net: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance - January 1, 2025 | ​ | ​ | (2,592) | ​ | ​ | (13,792) | ​ | ​ | (4,696) | ​ | ​ | 372 | ​ | ​ | (9,723) | ​ | ​ | 183 | ​ | ​ | (30,248)
Other comprehensive income/(loss) before reclassifications | ​ | ​ | 6 | ​ | ​ | 1,357 | ​ | ​ | — | ​ | ​ | (85) | ​ | ​ | (1,562) | ​ | ​ | — | ​ | ​ | (284)
Amounts reclassified from accumulated other comprehensive income | ​ | ​ | (37) | ​ | ​ | — | ​ | ​ | 113 | ​ | ​ | — | ​ | ​ | 97 | ​ | ​ | — | ​ | ​ | 173
Balance - March 31, 2025 | ​ | $ | (2,623) | ​ | $ | (12,435) | ​ | $ | (4,583) | ​ | $ | 287 | ​ | $ | (11,188) | ​ | $ | 183 | ​ | $ | (30,359)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Investment | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | securities- | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | with credit | ​ | Investment | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | related | ​ | securities- | ​ | Investment | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | impairment | ​ | all other | ​ | securities- | ​ | Cash Flow | ​ | Pension | ​ | ​ | ​ | ​ | ​ | ​
(in thousands) |  | AFS |  | AFS |  | HTM |  | Hedge |  | Plan |  | SERP |  | Total
Balance - January 1, 2024 | ​ | $ | (2,482) | ​ | $ | (13,217) | ​ | $ | (5,201) | ​ | $ | 569 | ​ | $ | (14,263) | ​ | $ | (1,233) | ​ | $ | (35,827)
Other comprehensive income/(loss) before reclassifications | ​ | ​ | 155 | ​ | ​ | (459) | ​ | ​ | — | ​ | ​ | 54 | ​ | ​ | 1,096 | ​ | ​ | — | ​ | ​ | 846
Amounts reclassified from accumulated other comprehensive income | ​ | ​ | (37) | ​ | ​ | — | ​ | ​ | 118 | ​ | ​ | — | ​ | ​ | 149 | ​ | ​ | 29 | ​ | ​ | 259
Balance - March 31, 2024 | ​ | $ | (2,364) | ​ | $ | (13,676) | ​ | $ | (5,083) | ​ | $ | 623 | ​ | $ | (13,018) | ​ | $ | (1,204) | ​ | $ | (34,722)
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The following tables present the components of other comprehensive (loss)/income for the three-month periods ended March 31, 2025 and 2024: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Before | ​ | Tax | ​ | ​
Components of Other Comprehensive Loss | ​ | Tax | ​ | (Expense) | ​ | ​
(in thousands) |  | Amount |  | Benefit |  | Net
For the three months ended March 31, 2025 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Available for sale (AFS) securities with credit related impairment: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding gains | ​ | $ | 8 | ​ | $ | (2) | ​ | $ | 6
Less: accretable yield recognized in income | ​ | ​ | 50 | ​ | ​ | (13) | ​ | ​ | 37
Net unrealized loss on investments with credit related impairment | ​ | ​ | (42) | ​ | ​ | 11 | ​ | ​ | (31)
Available for sale securities – all other: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding gains | ​ | ​ | 1,849 | ​ | ​ | (492) | ​ | ​ | 1,357
Held to maturity securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding gains on securities transferred to held to maturity | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Less: amortization recognized in income | ​ | ​ | (154) | ​ | ​ | 41 | ​ | ​ | (113)
Net unrealized gains on HTM securities | ​ | ​ | 154 | ​ | ​ | (41) | ​ | ​ | 113
Cash flow hedges: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding losses | ​ | ​ | (108) | ​ | ​ | 23 | ​ | ​ | (85)
Pension Plan: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized net actuarial losses | ​ | ​ | (2,128) | ​ | ​ | 566 | ​ | ​ | (1,562)
Less: amortization of unrecognized gains | ​ | ​ | (132) | ​ | ​ | 35 | ​ | ​ | (97)
Net pension plan asset adjustment | ​ | ​ | (1,996) | ​ | ​ | 531 | ​ | ​ | (1,465)
Other comprehensive loss | ​ | $ | (143) | ​ | $ | 32 | ​ | $ | (111)
​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Before | ​ | Tax | ​ | ​
Components of Other Comprehensive Income | ​ | Tax | ​ | (Expense) | ​ | ​
(in thousands) |  | Amount |  | Benefit |  | Net
For the three months ended March 31, 2024 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Available for sale (AFS) securities with credit related impairment: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding gains | ​ | $ | 210 | ​ | $ | (55) | ​ | $ | 155
Less: accretable yield recognized in income | ​ | ​ | 50 | ​ | ​ | (13) | ​ | ​ | 37
Net unrealized gains on investments with credit related impairment | ​ | ​ | 160 | ​ | ​ | (42) | ​ | ​ | 118
Available for sale securities – all other: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding losses | ​ | ​ | (623) | ​ | ​ | 164 | ​ | ​ | (459)
Held to maturity securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding gains on securities transferred to held to maturity | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Less: amortization recognized in income | ​ | ​ | (160) | ​ | ​ | 42 | ​ | ​ | (118)
Net unrealized gains on HTM securities | ​ | ​ | 160 | ​ | ​ | (42) | ​ | ​ | 118
Cash flow hedges: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding gains | ​ | ​ | 73 | ​ | ​ | (19) | ​ | ​ | 54
Pension Plan: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized net actuarial gains | ​ | ​ | 1,489 | ​ | ​ | (393) | ​ | ​ | 1,096
Less: amortization of unrecognized losses | ​ | ​ | (203) | ​ | ​ | 54 | ​ | ​ | (149)
Net pension plan asset adjustment | ​ | ​ | 1,692 | ​ | ​ | (447) | ​ | ​ | 1,245
SERP: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized net actuarial gains | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Less: amortization of unrecognized gains | ​ | ​ | (39) | ​ | ​ | 10 | ​ | ​ | (29)
Net SERP liability adjustment | ​ | ​ | 39 | ​ | ​ | (10) | ​ | ​ | 29
Other comprehensive income | ​ | $ | 1,501 | ​ | $ | (396) | ​ | $ | 1,105
​ ​ ​ The following table presents the details of amounts reclassified from accumulated other comprehensive (loss)/income for the three-month periods ended March 31, 2025 and 2024: ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Amounts Reclassified from | ​ | ​
​ | ​ | ​ | Accumulated Other | ​ | ​
Details of Accumulated Other Comprehensive Loss | ​ | ​ | Comprehensive Loss | ​ | ​
Components | ​ | Three Months Ended | ​ | Affected Line Item in the Statement
(in thousands) |  | March 31, 2025 |  | Where Net Income is Presented
Net unrealized gains on available for sale investment securities with credit related impairment: | ​ | ​ | ​ | ​ | ​
Accretable yield | ​ | $ | 50 | ​ | Interest income on taxable investment securities
Taxes | ​ | ​ | (13) | ​ | Credit for income tax expense
​ | ​ | $ | 37 | ​ | Net of tax
Net unrealized losses on held to maturity securities: | ​ | ​ | ​ | ​ | ​
Amortization | ​ | $ | (154) | ​ | Interest income on taxable investment securities
Taxes | ​ | ​ | 41 | ​ | Provision for income tax expense
​ | ​ | $ | (113) | ​ | Net of tax
Net pension plan asset adjustment: | ​ | ​ | ​ | ​ | ​
Amortization of unrecognized losses | ​ | $ | (132) | ​ | Other Expense
Taxes | ​ | ​ | 35 | ​ | Provision for income tax expense
​ | ​ | $ | (97) | ​ | Net of tax
Total reclassifications for the period | ​ | $ | (173) | ​ | Net of tax
​ | ​ | ​ | ​ | ​ | ​
​ ​ ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Amounts Reclassified from | ​ | ​
​ | ​ | ​ | Accumulated Other | ​ | ​
Details of Accumulated Other Comprehensive Income | ​ | ​ | Comprehensive Income | ​ | ​
Components | ​ | Three Months Ended March 31, | ​ | Affected Line Item in the Statement
(in thousands) |  | March 31, 2024 |  | Where Net Income is Presented
Net unrealized gains on available for sale investment securities with credit related impairment: | ​ | ​ | ​ | ​ | ​
Accretable yield | ​ | $ | 50 | ​ | Interest income on taxable investment securities
Taxes | ​ | ​ | (13) | ​ | Credit for income tax expense
​ | ​ | $ | 37 | ​ | Net of tax
Net unrealized losses on held to maturity securities: | ​ | ​ | ​ | ​ | ​
Amortization | ​ | $ | (160) | ​ | Interest income on taxable investment securities
Taxes | ​ | ​ | 42 | ​ | Provision for income tax expense
​ | ​ | $ | (118) | ​ | Net of tax
Net pension plan asset adjustment: | ​ | ​ | ​ | ​ | ​
Amortization of unrecognized losses | ​ | $ | (203) | ​ | Other Expense
Taxes | ​ | ​ | 54 | ​ | Provision for income tax expense
​ | ​ | $ | (149) | ​ | Net of tax
Net SERP liability adjustment: | ​ | ​ | ​ | ​ | ​
Amortization of unrecognized gains | ​ | $ | (39) | ​ | Other Expense
Taxes | ​ | ​ | 10 | ​ | Provision/(credit) for income tax expense
​ | ​ | $ | (29) | ​ | Net of tax
Total reclassifications for the period | ​ | $ | (259) | ​ | Net of tax
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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/1943274/2147477250/944-220-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/1943274/2147478524/942-220-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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