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Accumulated Other Comprehensive Loss | 6 Months Ended
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Jun. 30, 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 six- and three-month periods ended June 30, 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)
Other comprehensive income/(loss) before reclassifications | ​ | ​ | 365 | ​ | ​ | 356 | ​ | ​ | — | ​ | ​ | (64) | ​ | ​ | 1,545 | ​ | ​ | — | ​ | ​ | 2,202
Amounts reclassified from accumulated other comprehensive income | ​ | ​ | (37) | ​ | ​ | — | ​ | ​ | 120 | ​ | ​ | — | ​ | ​ | 97 | ​ | ​ | — | ​ | ​ | 180
Balance - June 30, 2025 | ​ | $ | (2,295) | ​ | $ | (12,079) | ​ | $ | (4,463) | ​ | $ | 223 | ​ | $ | (9,546) | ​ | $ | 183 | ​ | $ | (27,977)
​ | ​ | 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)
Other comprehensive (loss)/income before reclassifications | ​ | ​ | (620) | ​ | ​ | (528) | ​ | ​ | — | ​ | ​ | (51) | ​ | ​ | (396) | ​ | ​ | - | ​ | ​ | (1,595)
Amounts reclassified from accumulated other comprehensive loss | ​ | ​ | (40) | ​ | ​ | — | ​ | ​ | 118 | ​ | ​ | — | ​ | ​ | 150 | ​ | ​ | 29 | ​ | ​ | 257
Balance - June 30, 2024 | ​ | $ | (3,024) | ​ | $ | (14,204) | ​ | $ | (4,965) | ​ | $ | 572 | ​ | $ | (13,264) | ​ | $ | (1,175) | ​ | $ | (36,060)
​ ​ ​ ​ ​ ​ ​ ​ ​ The following tables present the components of other comprehensive income/(loss) for the six- and three-month periods ended June 30, 2025 and 2024: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Before | ​ | Tax | ​ | ​
Components of Other Comprehensive Income | ​ | Tax | ​ | (Expense) | ​ | ​
(in thousands) |  | Amount |  | Benefit |  | Net
For the six months ended June 30, 2025 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Available for sale (AFS) securities with credit related impairment: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding gains | ​ | $ | 506 | ​ | $ | (135) | ​ | $ | 371
Less: accretable yield recognized in income | ​ | ​ | 101 | ​ | ​ | (27) | ​ | ​ | 74
Net unrealized gains on investments with credit related impairment | ​ | ​ | 405 | ​ | ​ | (108) | ​ | ​ | 297
Available for sale securities – all other: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding gains | ​ | ​ | 2,334 | ​ | ​ | (621) | ​ | ​ | 1,713
Held to maturity securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding gains on securities transferred to held to maturity | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Less: amortization recognized in income | ​ | ​ | (317) | ​ | ​ | 84 | ​ | ​ | (233)
Net unrealized gains on HTM securities | ​ | ​ | 317 | ​ | ​ | (84) | ​ | ​ | 233
Cash flow hedges: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding losses | ​ | ​ | (189) | ​ | ​ | 40 | ​ | ​ | (149)
Pension Plan: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized net actuarial losses | ​ | ​ | (23) | ​ | ​ | 6 | ​ | ​ | (17)
Less: amortization of unrecognized gains | ​ | ​ | (265) | ​ | ​ | 71 | ​ | ​ | (194)
Net pension plan asset adjustment | ​ | ​ | 242 | ​ | ​ | (65) | ​ | ​ | 177
Other comprehensive income | ​ | $ | 3,109 | ​ | $ | (838) | ​ | $ | 2,271
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Before | ​ | Tax | ​ | ​
Components of Other Comprehensive Loss | ​ | Tax | ​ | (Expense) | ​ | ​
(in thousands) |  | Amount |  | Benefit |  | Net
For the six months ended June 30, 2024 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Available for sale (AFS) securities with credit related impairment: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding losses | ​ | $ | (633) | ​ | $ | 168 | ​ | $ | (465)
Less: accretable yield recognized in income | ​ | ​ | 101 | ​ | ​ | (24) | ​ | ​ | 77
Net unrealized losses on investments with credit related impairment | ​ | ​ | (734) | ​ | ​ | 192 | ​ | ​ | (542)
Available for sale securities – all other: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding losses | ​ | ​ | (1,341) | ​ | ​ | 354 | ​ | ​ | (987)
Held to maturity securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding gains on securities transferred to held to maturity | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Less: amortization recognized in income | ​ | ​ | (320) | ​ | ​ | 84 | ​ | ​ | (236)
Net unrealized gains on HTM securities | ​ | ​ | 320 | ​ | ​ | (84) | ​ | ​ | 236
Cash flow hedges: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding gains | ​ | ​ | 4 | ​ | ​ | (1) | ​ | ​ | 3
Pension Plan: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized net actuarial gains | ​ | ​ | 951 | ​ | ​ | (251) | ​ | ​ | 700
Less: amortization of unrecognized losses | ​ | ​ | (406) | ​ | ​ | 107 | ​ | ​ | (299)
Net pension plan asset adjustment | ​ | ​ | 1,357 | ​ | ​ | (358) | ​ | ​ | 999
SERP: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized net actuarial gains | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Less: amortization of unrecognized loss | ​ | ​ | (78) | ​ | ​ | 20 | ​ | ​ | (58)
Net SERP liability adjustment | ​ | ​ | 78 | ​ | ​ | (20) | ​ | ​ | 58
Other comprehensive loss | ​ | $ | (316) | ​ | $ | 83 | ​ | $ | (233)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Components of Other Comprehensive Income (in thousands) | ​ | Before Tax Amount | ​ | Tax (Expense) Benefit | ​ | Net
For the three months ended June 30, 2025 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Available for sale (AFS) securities with credit related impairment: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding gains | ​ | $ | 498 | ​ | $ | (133) | ​ | $ | 365
Less: accretable yield recognized in income | ​ | ​ | 51 | ​ | ​ | (14) | ​ | ​ | 37
Net unrealized gains on investments with credit related impairment | ​ | ​ | 447 | ​ | ​ | (119) | ​ | ​ | 328
Available for sale securities – all other: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding gains | ​ | ​ | 485 | ​ | ​ | (129) | ​ | ​ | 356
Net unrealized gains on all other AFS securities | ​ | ​ | 485 | ​ | ​ | (129) | ​ | ​ | 356
Held to maturity securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding gains | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Less: amortization recognized in income | ​ | ​ | (163) | ​ | ​ | 43 | ​ | ​ | (120)
Net unrealized gains on HTM securities | ​ | ​ | 163 | ​ | ​ | (43) | ​ | ​ | 120
Cash flow hedges: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding losses | ​ | ​ | (81) | ​ | ​ | 17 | ​ | ​ | (64)
Pension Plan: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized net actuarial gains | ​ | ​ | 2,105 | ​ | ​ | (560) | ​ | ​ | 1,545
Less: amortization of unrecognized loss | ​ | ​ | (133) | ​ | ​ | 36 | ​ | ​ | (97)
Net pension plan liability adjustment | ​ | ​ | 2,238 | ​ | ​ | (596) | ​ | ​ | 1,642
Other comprehensive income | ​ | $ | 3,252 | ​ | $ | (870) | ​ | $ | 2,382
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Components of Other Comprehensive Loss (in thousands) | ​ | Before Tax Amount | ​ | Tax (Expense) Benefit | ​ | Net
For the three months ended June 30, 2024 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Available for sale (AFS) securities with credit related impairment: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding losses | ​ | $ | (843) | ​ | $ | 223 | ​ | $ | (620)
Less: accretable yield recognized in income | ​ | ​ | 51 | ​ | ​ | (11) | ​ | ​ | 40
Net unrealized losses on investments with credit related impairment | ​ | ​ | (894) | ​ | ​ | 234 | ​ | ​ | (660)
Available for sale securities – all other: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding losses | ​ | ​ | (717) | ​ | ​ | 189 | ​ | ​ | (528)
Net unrealized losses on all other AFS securities | ​ | ​ | (717) | ​ | ​ | 189 | ​ | ​ | (528)
Held to maturity securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding gains | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Less: amortization recognized in income | ​ | ​ | (160) | ​ | ​ | 42 | ​ | ​ | (118)
Net unrealized gains on HTM securities | ​ | ​ | 160 | ​ | ​ | (42) | ​ | ​ | 118
Cash flow hedges: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized holding losses | ​ | ​ | (69) | ​ | ​ | 18 | ​ | ​ | (51)
Pension Plan: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized net actuarial loss | ​ | ​ | (538) | ​ | ​ | 142 | ​ | ​ | (396)
Less: amortization of unrecognized loss | ​ | ​ | (203) | ​ | ​ | 53 | ​ | ​ | (150)
Net pension plan liability adjustment | ​ | ​ | (335) | ​ | ​ | 89 | ​ | ​ | (246)
SERP: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized net actuarial loss | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Less: amortization of unrecognized gains | ​ | ​ | (39) | ​ | ​ | 10 | ​ | ​ | (29)
Net SERP liability adjustment | ​ | ​ | 39 | ​ | ​ | (10) | ​ | ​ | 29
Other comprehensive loss | ​ | $ | (1,816) | ​ | $ | 478 | ​ | $ | (1,338)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ The following table presents the details of amounts reclassified from accumulated other comprehensive (loss)/income for the six- and three-month periods ended June 30, 2025 and 2024: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amounts Reclassified from | ​ | Six Months Ended | ​ | ​
Accumulated Other Comprehensive Loss | ​ | June 30, | ​ | Affected Line Item in the Statement
(in thousands) |  | 2025 | ​ | ​ | 2024 | Where Net Income is Presented
Net unrealized gains on available for sale investment securities with credit related impairment: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Accretable yield | ​ | $ | 101 | ​ | $ | 101 | ​ | Interest income on taxable investment securities
Taxes | ​ | ​ | (27) | ​ | ​ | (24) | ​ | Credit for income tax expense
​ | ​ | $ | 74 | ​ | $ | 77 | ​ | Net of tax
Net unrealized losses on held to maturity securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amortization | ​ | $ | (317) | ​ | $ | (320) | ​ | Interest income on taxable investment securities
Taxes | ​ | ​ | 84 | ​ | ​ | 84 | ​ | Provision for income tax expense
​ | ​ | $ | (233) | ​ | $ | (236) | ​ | Net of tax
Net pension plan asset adjustment: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amortization of unrecognized losses | ​ | $ | (265) | ​ | $ | (406) | ​ | Other Expense
Taxes | ​ | ​ | 71 | ​ | ​ | 107 | ​ | Provision for income tax expense
​ | ​ | $ | (194) | ​ | $ | (299) | ​ | Net of tax
Net SERP liability adjustment: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amortization of unrecognized losses | ​ | $ | — | ​ | $ | (78) | ​ | Other Expense
Taxes | ​ | ​ | — | ​ | ​ | 20 | ​ | Provision for income tax expense
​ | ​ | $ | — | ​ | $ | (58) | ​ | Net of tax
Total reclassifications for the period | ​ | $ | (353) | ​ | $ | (516) | ​ | Net of tax
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amounts Reclassified from | ​ | Three Months Ended | ​ | ​
Accumulated Other Comprehensive Loss | ​ | June 30, | ​ | Affected Line Item in the Statement
(in thousands) | ​ | 2025 | ​ | 2024 | ​ | Where Net Income is Presented
Net unrealized gains on available for sale investment securities with credit related impairment: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Accretable yield | ​ | $ | 51 | ​ | $ | 51 | ​ | Interest income on taxable investment securities
Taxes | ​ | ​ | (14) | ​ | ​ | (11) | ​ | Credit for income tax expense
​ | ​ | $ | 37 | ​ | $ | 40 | ​ | Net of tax
Net unrealized losses on held to maturity securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amortization | ​ | $ | (163) | ​ | $ | (160) | ​ | Interest income on taxable investment securities
Taxes | ​ | ​ | 43 | ​ | ​ | 42 | ​ | Provision for income tax expense
​ | ​ | $ | (120) | ​ | $ | (118) | ​ | Net of tax
Net pension plan liability adjustment: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amortization of unrecognized losses | ​ | $ | (133) | ​ | $ | (203) | ​ | Other expense
Taxes | ​ | ​ | 36 | ​ | ​ | 53 | ​ | Provision for income tax expense
​ | ​ | $ | (97) | ​ | $ | (150) | ​ | Net of tax
Net SERP liability adjustment: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amortization of unrecognized losses | ​ | $ | — | ​ | $ | (39) | ​ | Other expense
Taxes | ​ | ​ | — | ​ | ​ | 10 | ​ | Provision for income tax expense
​ | ​ | $ | — | ​ | $ | (29) | ​ | Net of tax
Total reclassifications for the period | ​ | $ | (180) | ​ | $ | (257) | ​ | 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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