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Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Before Tax Amount        
Income (loss), before tax amount $ 25,760 $ 1,821 $ 66,167 $ 2,053
Net unrealized gains (losses) on available-for-sale investment securities, before tax amount        
Net unrealized holding gains arising during the period 788 7,169 2,982 2,204
Reversal of provision for credit losses 0 42 384 (555)
Less: reclassification adjustment for net gains on sales realized in net income [1] (54) (65) (119) (760)
Other comprehensive income (loss), securities, available-for-sale, adjustment, before tax 734 7,062 2,479 1,999
Net unrealized gains (losses) on interest rate swaps used in cash flow hedges, before tax amount        
Net unrealized holding losses arising during the period (4) (62) 2 (559)
Less: reclassification adjustment for net (gains) losses realized in net income [2] 76 69 152 98
Other comprehensive income (loss), derivatives qualifying as hedges, before tax 72 7 154 (461)
Defined benefit pension plans, Before Tax Amount        
Amortization of net actuarial loss included in net periodic pension costs [3] 329 297 658 594
Total defined benefit pension plans 329 297 658 594
Other comprehensive income (loss), before tax amount 1,135 7,366 3,291 2,132
Total comprehensive income (loss), before tax amount 26,895 9,187 69,458 4,185
Tax Expense (Benefit)        
Income tax expense (benefit) 4,885 (264) 12,689 (870)
Net unrealized gains (losses) on available-for-sale investment securities, tax expense (benefit)        
Other comprehensive income (loss), securities, available-for-sale, unrealized holding gain (loss) arising during period, tax 167 1,504 628 462
Reversal of provision for credit losses 0 8 81 (117)
Less: reclassification adjustment for net gains on sales realized in net income [1] (11) (14) (25) (160)
Total net unrealized gains on available-for-sale investment securities 156 1,482 522 419
Net unrealized gains (losses) on interest rate swaps used in cash flow hedges, tax expense (benefit)        
Other comprehensive income (loss), unrealized gain (loss) on derivatives arising during period, tax (1) (13) 0 (118)
Less: reclassification adjustment for net (gains) losses realized in net income [2] 16 14 32 21
Other comprehensive income (loss), derivatives qualifying as hedges, tax 15 1 32 (97)
Defined benefit pension plans, tax expense (benefit)        
Amortization of net actuarial loss included in net periodic pension costs [3] 69 62 138 124
Other comprehensive (income) loss, defined benefit plan, after reclassification adjustment, tax 69 62 138 124
Other comprehensive income (loss), tax expense (benefit) 240 1,545 692 446
Total comprehensive income (loss), tax expense (benefit) 5,125 1,281 13,381 (424)
Net of Tax Amount        
Net income 20,875 2,085 53,478 2,923
Net unrealized gains (losses) on available-for-sale investment securities, net of tax amount        
Net unrealized holding gains arising during the period 621 5,665 2,354 1,742
Reversal of provision for credit losses 0 34 303 (438)
Less: reclassification adjustment for net gains on sales realized in net income [1] (43) (51) (94) (600)
Other comprehensive income (loss), securities, available-for-sale, adjustment, after tax 578 5,580 1,957 1,580
Net unrealized gains (losses) on interest rate swaps used in cash flow hedges, net of tax amount        
Other comprehensive income (loss), unrealized gain (loss) on derivatives arising during period, net of tax (3) (49) 2 (441)
Less: reclassification adjustment for net (gains) losses realized in net income [2] 60 55 120 77
Total net unrealized gains on interest rate swaps used in cash flow hedges 57 6 122 (364)
Defined benefit pension plans, net of tax amount        
Amortization of net actuarial loss included in net periodic pension costs [3] 260 235 520 470
Other comprehensive (income) loss, defined benefit plan, after reclassification adjustment, after tax 260 235 520 470
Other comprehensive income (loss), net of tax amount 895 5,821 2,599 1,686
Total comprehensive income (loss), net of tax amount $ 21,770 $ 7,906 $ 56,077 $ 4,609
[1] (1) Included in net gain on sales of investment securities on the consolidated statements of income (before tax amount).
[2] (2) Included in interest expense on demand deposits on the consolidated statements of income (before tax amount).
[3]
(3) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (before tax amount). See Note 8, "Retirement Plans and Other Postretirement Benefits" for additional details.
Note: See accompanying notes to the unaudited condensed consolidated financial statements.