Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2025

The following table presents the components of other comprehensive (loss) income both gross and net of tax, for the years ended December 31, 2025, 2024 and 2023 (in thousands):


	For the Years Ended December 31,
	2025				2024			2023
	Before Tax		Tax Effect	After Tax	Before Tax	Tax Effect	After Tax	Before Tax	Tax Effect	After Tax
Components of Other Comprehensive Income ( Loss):
Unrealized losses on available for sale debt securities:
Net gains (losses) arising during the period	$	104,795	(37,349)	67,446	11,216	(3,375)	7,841	43,250	(11,125)	32,125
Reclassification adjustment for gains and losses included in net income	(87)		24	(63)	2,986	(899)	2,087	—	—	—
Total	104,708		(37,325)	67,383	14,202	(4,274)	9,928	43,250	(11,125)	32,125




Unrealized gains (losses) on derivatives designated as cash flow hedges:
Net gains (losses) arising during the period	167		(47)	120	4,547	(1,368)	3,179	3,288	(900)	2,388
Reclassification adjustment for gains and losses included in net income	(6,993)		1,955	(5,038)	(13,670)	4,113	(9,557)	(17,713)	4,765	(12,948)
Total	(6,826)		1,908	(4,918)	(9,123)	2,745	(6,378)	(14,425)	3,865	(10,560)
Amortization related to post-retirement obligations	(4,571)		1,278	(3,293)	3,162	(952)	2,210	3,249	(884)	2,365
Total other comprehensive income (loss)	$	93,311	(34,139)	59,172	8,241	(2,481)	5,760	32,074	(8,144)	23,930

The following table presents the changes in the components of accumulated other comprehensive (loss) income, net of tax, for the years ended December 31, 2025 and 2024 (in thousands):


	Changes in Accumulated Other Comprehensive Income by Component, net of tax For the Years Ended December 31,
	2025					2024
	Unrealized Gains on Available for Sale Debt Securities		Post-Retirement Obligations	Unrealized (Losses) on Derivatives (cash flow hedges)	Accumulated Other Comprehensive Income (Loss)	Unrealized Gains on Available for Sale Debt Securities	Post-Retirement Obligations	Unrealized (Losses) on Derivatives (cash flow hedges)	Accumulated Other Comprehensive Income (Loss)
Balance at the beginning of the period	$	(144,561)	6,147	3,059	(135,355)	(154,489)	3,937	9,437	(141,115)
Current period change in other comprehensive (loss) income	67,383		(3,293)	(4,918)	59,172	9,928	2,210	(6,378)	5,760


Balance at the end of the period	$	(77,178)	2,854	(1,859)	(76,183)	(144,561)	6,147	3,059	(135,355)

The following table summarizes the reclassifications out of accumulated other comprehensive (loss) income for the years ended December 31, 2025, 2024 and 2023 (in thousands):


	Reclassifications Out of Accumulated Other Comprehensive Income (Loss)
	Amount reclassified from AOCI for the years ended December 31,				Affected line item in the Consolidated Statement of Income
	2025		2024	2023
Details of AOCI:
Available for sale debt securities:
Realized net gains on the sale of securities available for sale	$	87	(2,986)	—	Net gain on securities transactions
	(24)		899	—	Income tax expense
	63		(2,087)	—	Net of tax

Cash flow hedges:
Unrealized gains (losses) on derivatives designated as cash flow hedges	6,993		(13,670)	(17,713)	Interest expense
	(1,955)		4,113	4,765	Income tax expense
	5,038		(9,557)	(12,948)	Net of tax





Post-retirement obligations:
Amortization of actuarial (gains) losses	(4,571)		(2,061)	(1,421)	Compensation and employee benefits (1)
	1,278		620	384	Income tax expense
	(3,293)		(1,441)	(1,037)	Net of tax




Total reclassifications	$	1,808	(13,085)	(13,985)	Net of tax

(1) This item is included in the computation of net periodic benefit cost. See Note 11. Benefit Plans

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