Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2024

Accumulated Other Comprehensive Income (Loss) [Abstract]

Accumulated Other Comprehensive Income (Loss)

NOTE 17 – ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following tables present the changes in accumulated other comprehensive income (loss) (in thousands) by component, net of tax, for the years ended December 31, 2024 and 2023:



	Unrealized gains on available for sale securities (a)		Unrealized gain on pension liability (a)		Total (a)
Balance as of December 31, 2023	$	(47,842)	$	494	$	(47,348)
Other comprehensive income (loss) before reclassification		(1,460)		(83)		(1,543)
Amount reclassified from accumulated other comprehensive loss		15,770		—		15,770
Total other comprehensive income		14,310		(83)		14,227
Balance as of December 31, 2024	$	(33,532)	$	411	$	(33,121)


	Unrealized gains on available for sale securities (a)		Unrealized gain on pension liability (a)
Balance as of December 31, 2022	$	(57,931)	$	578	$	(57,353)
Other comprehensive income (loss) before reclassification		9,924		(84)		9,840
Amount reclassified from accumulated other comprehensive loss		165		—		165
Total other comprehensive loss		10,089		(84)		10,005
Balance as of December 31, 2023	$	(47,842)	$	494	$	(47,348)

(a) All amounts are net of tax. Amounts in parentheses indicate debits.

The following table presents significant amounts reclassified out of each component of accumulated other comprehensive income (loss) (in thousands) for the years ended December 31, 2024 and 2023:


	Amount Reclassified
	From Accumulated				Affected Line Item in
	Other				Consolidated
	Comprehensive				Statements of
Details about other comprehensive income	Income (a)				Income

	Years Ended December 31,
	2024		2023
Unrealized gains on available for sale securities	$	(19,962)	$	(209)	Net realized (losses) gains on sales of securities
		4,192		44	Income tax expense
	$	(15,770)	$	(165)

(a)Amounts in parentheses indicate debits to net income.