Change in Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2023

Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]

Change in Accumulated Other Comprehensive Income (Loss)

NOTE 10. Change in Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive income (loss) includes unrealized gains and losses on available for sale securities and changes in benefit obligations and plan assets for the post retirement benefit plan. Changes to accumulated other comprehensive income (loss) are presented net of their tax effect as a component of equity. Reclassifications out of accumulated other comprehensive income (loss) are recorded in the Consolidated Statements of Income either as a gain or loss.

Changes to accumulated other comprehensive income (loss) by component are shown in the following table for the periods indicated:


	Three Months Ended
	March 31,
	2023									2022
	Unrealized Gains and Losses on Available for Sale Securities			Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan			Total			Unrealized Gains and Losses on Available for Sale Securities			Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan		Total
	(dollars in thousands)									(dollars in thousands)
January 1	$	(20,465	)	$	19		$	(20,446	)	$	(174	)	$	19	$	(155	)
Other comprehensive income (loss) before reclassifications		3,772			(8	)		3,764			(13,454	)		—		(13,454	)
Reclassifications		—			—			—			—			—		—
Tax effect of current period changes		(792	)		3			(789	)		2,826			—		2,826
Current period changes net of taxes		2,980			(5	)		2,975			(10,628	)		—		(10,628	)
March 31	$	(17,485	)	$	14		$	(17,471	)	$	(10,802	)	$	19	$	(10,783	)

For the three months ended March 31, 2023 and 2022, there were no reclassifications out of accumulated other comprehensive income (loss).