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Stockholders' Equity, Stock-Based Compensation and Accumulated Other Comprehensive Income (Loss) (Tables) | 12 Months Ended
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Dec. 31, 2023
Stockholders' Equity Note [Abstract] |
Schedule of Nonvested Restricted Stock Units Activity | The following table summarizes the status of the Company's RSUs for the year ended December 31, 2023:
|  | RSUs
|  | 2023
(in thousands, except per share amounts) |  | Quantity |  | Weighted-Average Grant Date Fair Value Per share
Non-vested beginning of year |  | — |  |  | $ | — |
Granted |  | 18,277 |  |  | 20.63 |
Vested |  | — |  |  | — |
Forfeited |  | — |  |  | — |
Non-vested end of year |  | 18,277 |  |  | $ | 20.63 |
Schedule of Common Stock Issued and Common Stock Held as Treasury Shares | The following table shows the changes in shares of common stock issued and common stock held as treasury shares for the years ended December 31, 2023, 2022, and 2021.
(in thousands, except per share amounts) |  | Common Stock Issued |  | Treasury Stock Held | Common Stock Outstanding
Balance at, December 31, 2020 |  | $ | 6,769 |  |  | $ | (289) |  | $ | 6,480 |
Stock dividend |  | 255 |  | — | 255
Repurchase of common stock |  | — |  | (118) | (118)
Balance at, December 31, 2021 |  | $ | 7,024 |  |  | $ | (407) |  | $ | 6,617 |
Stock dividend |  | 260 |  | — | 260
Repurchase of common stock |  | — |  | (109) | (109)
Balance at, December 31, 2022 |  | $ | 7,284 |  |  | $ | (516) |  | $ | 6,768 |
Stock dividend |  | 271 |  | — | 271
Balance at, December 31, 2023 |  | $ | 7,555 |  |  | $ | (516) |  | $ | 7,039 |
Schedule of 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 income (loss) for the years ended December 31, as indicated.
(in thousands) | Unrealized Income (Loss) on Securities (1) |  | Unrecognized Net Pension and Postretirement Costs (2) |  | Accumulated Other Comprehensive Income (Loss)
Balance, December 31, 2021 | $ | 362 |  |  | $ | 2,931 |  |  | $ | 3,293 |
Other comprehensive income (loss), before reclassifications | (46,860) |  | — |  | (46,860)
Amounts reclassified from accumulated other comprehensive income (loss) | — |  | 2,547 |  |  | 2,547 |
Other comprehensive income (loss), before tax | (46,860) |  | 2,547 |  |  | (44,313)
Income tax (expense) benefit | 9,841 |  |  | (535) |  | 9,306 |
Other comprehensive income (loss), net of tax | (37,019) |  | 2,012 |  |  | (35,007)
Balance, December 31, 2022 | $ | (36,657) |  |  | $ | 4,943 |  |  | $ | (31,714) |
Other comprehensive income (loss), before reclassifications | 10,087 |  | (640) |  | 9,447
Amounts reclassified from accumulated other comprehensive income (loss) | 9,148 |  |  | 4,129 |  | 13,277
Other comprehensive income (loss), before tax | 19,235 |  | 3,489 |  | 22,724
Income tax expense | (4,039) |  |  | (733) |  |  | (4,772) |
Other comprehensive income (loss), net of tax | 15,196 |  | 2,756 |  | 17,952
Balance, December 31, 2023 | $ | (21,461) |  | $ | 7,699 |  |  | $ | (13,762)
(1) | The pre-tax amounts reclassified from accumulated other comprehensive income (loss) are included in gains (losses) on sale of investment securities in the consolidated statements of income.
(2) | The pre-tax amounts reclassified from accumulated other comprehensive income (loss) are included in the computation of net periodic pension cost. See Note 13.

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