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Accumulated Other Comprehensive Loss (Tables)
9 Months Ended
Sep. 30, 2025
Accumulated Other Comprehensive Loss  
Schedule of Accumulated Other Comprehensive Loss

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)

Other comprehensive income/(loss)before reclassifications

5

654

(77)

1,819

2,401

Amounts reclassified from accumulated other comprehensive income

(37)

(71)

135

96

123

Balance - September 30, 2025

$

(2,327)

$

(11,496)

$

(4,328)

$

146

$

(7,631)

$

183

$

(25,453)

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)

Other comprehensive
  income/(loss) before
  reclassifications

544

2,491

(238)

2,377

-

5,174

Amounts reclassified from
  accumulated other
  comprehensive loss

(38)

134

148

29

273

Balance - September 30, 2024

$

(2,518)

$

(11,713)

$

(4,831)

$

334

$

(10,739)

$

(1,146)

$

(30,613)

Components of Comprehensive Income/(Loss)

Before

Tax

Components of Other Comprehensive Income

Tax

(Expense)

(in thousands)

    

Amount

    

Benefit

    

Net

For the nine months ended September 30, 2025

Available for sale (AFS) securities with credit related impairment:

Unrealized holding gains

$

513

$

(137)

$

376

Less: accretable yield recognized in income

152

(41)

111

Net unrealized gains on investments with credit related impairment

361

(96)

265

Available for sale securities – all other:

Unrealized holding gains

3,225

(858)

2,367

Less: gains recognized in income

97

(26)

71

Net unrealized gains on all other AFS securities

3,128

(832)

2,296

Held to maturity securities:

Unrealized holding gains on securities transferred to held to maturity

Less: amortization recognized in income

(502)

134

(368)

Net unrealized gains on HTM securities

502

(134)

368

Cash flow hedges:

Unrealized holding losses

(287)

61

(226)

Pension Plan:

Unrealized net actuarial gains

2,455

(653)

1,802

Less: amortization of unrecognized gains

(397)

107

(290)

Net pension plan asset adjustment

2,852

(760)

2,092

Other comprehensive income

$

6,556

$

(1,761)

$

4,795

Before

Tax

Components of Other Comprehensive Income

Tax

(Expense)

(in thousands)

    

Amount

    

Benefit

    

Net

For the nine months ended September 30, 2024

Available for sale (AFS) securities with credit related impairment:

Unrealized holding gains

$

103

$

(24)

$

79

Less: accretable yield recognized in income

152

(37)

115

Net unrealized losses on investments with credit related impairment

(49)

13

(36)

Available for sale securities – all other:

Unrealized holding gains

2,044

(540)

1,504

Held to maturity securities:

Unrealized holding gains on securities transferred to held to maturity

Less: amortization recognized in income

(503)

133

(370)

Net unrealized gains on HTM securities

503

(133)

370

Cash flow hedges:

Unrealized holding losses

(319)

84

(235)

Pension Plan:

Unrealized net actuarial gains

4,181

(1,104)

3,077

Less: amortization of unrecognized losses

(608)

161

(447)

Net pension plan asset adjustment

4,789

(1,265)

3,524

SERP:

Unrealized net actuarial gains

Less: amortization of unrecognized losses

(118)

31

(87)

Net SERP liability adjustment

118

(31)

87

Other comprehensive income

$

7,086

$

(1,872)

$

5,214

Components of Other Comprehensive Income
(in thousands)

Before
Tax
Amount

Tax
(Expense)
Benefit

Net

For the three months ended September 30, 2025

Available for sale (AFS) securities with credit related impairment:

Unrealized holding gains

$

7

$

(2)

$

5

Less: accretable yield recognized in income

51

(14)

37

Net unrealized gains on investments with credit related impairment

(44)

12

(32)

Available for sale securities – all other:

Unrealized holding gains

891

(237)

654

Less: gains recognized in income

97

(26)

71

Net unrealized gains on all other AFS securities

794

(211)

583

Held to maturity securities:

Unrealized holding gains

Less: amortization recognized in income

(185)

50

(135)

Net unrealized gains on HTM securities

185

(50)

135

Cash flow hedges:

Unrealized holding losses

(98)

21

(77)

Pension Plan:

Unrealized net actuarial gains

2,478

(659)

1,819

Less: amortization of unrecognized loss

(132)

36

(96)

Net pension plan asset adjustment

2,610

(695)

1,915

Other comprehensive income

$

3,447

$

(923)

$

2,524

Components of Other Comprehensive Income
(in thousands)

Before
Tax
Amount

Tax
(Expense)
Benefit

Net

For the three months ended September 30, 2024

Available for sale (AFS) securities with credit related impairment:

Unrealized holding gains

$

740

$

(196)

$

544

Less: accretable yield recognized in income

51

(13)

38

Net unrealized gains on investments with credit related impairment

689

(183)

506

Available for sale securities – all other:

Unrealized holding gains

3,384

(893)

2,491

Net unrealized gains on all other AFS securities

3,384

(893)

2,491

Held to maturity securities:

Unrealized holding gains

Less: amortization recognized in income

(182)

48

(134)

Net unrealized gains on HTM securities

182

(48)

134

Cash flow hedges:

Unrealized holding losses

(323)

85

(238)

Pension Plan:

Unrealized net actuarial gains

3,229

(852)

2,377

Less: amortization of unrecognized losses

(202)

54

(148)

Net pension plan asset adjustment

3,431

(906)

2,525

SERP:

Unrealized net actuarial gains

Less: amortization of unrecognized losses

(39)

10

(29)

Net SERP liability adjustment

39

(10)

29

Other comprehensive income

$

7,402

$

(1,955)

$

5,447

Reclassification out of Accumulated Other Comprehensive Loss

Amounts Reclassified from

Nine months ended

Accumulated Other Comprehensive Loss

September 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

$

152

$

152

Interest income on taxable investment securities

Taxes

(41)

(37)

Credit for income tax expense

$

111

$

115

Net of tax

Net unrealized gains on available for sale investment securities - all others:

Gains recognized

$

97

$

Net gains

Taxes

(26)

Provision for income tax expense

$

71

$

Net of tax

Net unrealized gains on held to maturity securities:

Amortization

$

(502)

$

(503)

Interest income on taxable investment securities

Taxes

134

133

Provision for income tax expense

$

(368)

$

(370)

Net of tax

Net pension plan asset adjustment:

Amortization of unrecognized losses

$

(397)

$

(608)

Other Expense

Taxes

107

161

Provision for income tax expense

$

(290)

$

(447)

Net of tax

Net SERP liability adjustment:

Amortization of unrecognized losses

$

$

(118)

Other Expense

Taxes

31

Provision for income tax expense

$

$

(87)

Net of tax

Total reclassifications for the period

$

(476)

$

(789)

Net of tax

Amounts Reclassified from

Three Months Ended

Accumulated Other Comprehensive Loss

September 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)

(13)

Credit for income tax expense

$

37

$

38

Net of tax

Net unrealized gains on available for sale investment securities - all others:

Gains recognized

$

97

$

Net gains

Taxes

(26)

Provision for income tax expense

$

71

$

Net of tax

Net unrealized gains on held to maturity securities:

Amortization

$

(185)

$

(182)

Interest income on taxable investment securities

Taxes

50

48

Provision for income tax expense

$

(135)

$

(134)

Net of tax

Net pension plan asset adjustment:

Amortization of unrecognized losses

$

(132)

$

(202)

Other expense

Taxes

36

54

Provision for income tax expense

$

(96)

$

(148)

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

$

(123)

$

(273)

Net of tax