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Stockholders’ Equity and Accumulated Other Comprehensive (Loss) Income (Tables) | 9 Months Ended
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Sep. 30, 2023
Stockholders' Equity Note [Abstract] |
Schedule of Nonvested Restricted Stock Units Activity | The following table summarizes the status of the Company's restricted share units (RSUs) for the nine months ended September 30, 2023:
|  | RSUs
(in thousands, except per share amounts) |  | Quantity |  | Weighted-Average Grant Date Fair Value Per share
Non-vested at January 1, 2023 |  | — |  |  | $ | — |
Granted |  | 12,277 |  |  | 18.33 |
Vested |  | — |  |  | — |
Forfeited |  | — |  |  | — |
Non-vested at September 30, 2023 |  | 12,277 |  |  | $ | 18.33 |
Schedule of the Change in the Components of the Accumulated Other Comprehensive Loss | The following table summarizes the change in the components of the Company’s accumulated other comprehensive loss for the nine months ended September 30, 2023 and 2022:
| Nine Months Ended September 30, 2023
(in thousands) | Unrealized Gains (Losses) on Securities (1) |  | Unrecognized Net Pension and Postretirement Costs (2) |  | Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period | $ | (36,657) |  |  | $ | 4,943 |  |  | $ | (31,714) |
Other comprehensive loss, before reclassifications | (10,061) |  |  | (480) |  |  | (10,541) |
Amounts reclassified from accumulated other comprehensive loss | — |  |  | — |  |  | — |
Current period other comprehensive loss, before tax | (10,061) |  |  | (480) |  |  | (10,541) |
Income tax benefit | 2,113 |  |  | 101 |  |  | 2,214 |
Current period other comprehensive loss, net of tax | (7,948) |  |  | (379) |  |  | (8,327) |
Balance at end of period | $ | (44,605) |  |  | $ | 4,564 |  |  | $ | (40,041) |
| Nine Months Ended September 30, 2022
(in thousands) | Unrealized Gains (Losses) on Securities (1) |  | Unrecognized Net Pension and Postretirement Costs (2) |  | Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period | $ | 362 |  |  | $ | 2,931 |  |  | $ | 3,293 |
Other comprehensive loss, before reclassifications | (54,985) |  |  | — |  |  | (54,985) |
Amounts reclassified from accumulated other comprehensive loss | — |  |  | — |  |  | — |
Current period other comprehensive loss, before tax | (54,985) |  |  | — |  |  | (54,985) |
Income tax benefit | 11,547 |  |  | — |  |  | 11,547 |
Current period other comprehensive loss, net of tax | (43,438) |  |  | — |  |  | (43,438) |
Balance at end of period | $ | (43,076) |  |  | $ | 2,931 |  |  | $ | (40,145) |
(1)The pre-tax amounts reclassified from accumulated other comprehensive (loss) income are included in investment securities gains (losses), net in the consolidated statements of income. (2)The pre-tax amounts reclassified from accumulated other comprehensive (loss) income are included in the computation of net periodic pension cost.

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