Changes in Accumulated Other Comprehensive Income |
Changes in Accumulated Other Comprehensive Income The following tables show the changes in accumulated other comprehensive income by component for the periods indicated (in thousands): | | | | | | | | | | | | | | | | | | | | | For the quarter ended June 30, 2022 | | Unrealized losses on securities available-for-sale | | | | Change in defined benefit pension plans | | Total | Balance as of March 31, 2022 | $ | (77,101) | | | | | (25,443) | | | (102,544) | | | | | | | | | | | | | | | | | | | | | | | | | | Other comprehensive loss before reclassification adjustments (1) | (39,954) | | | | | — | | | (39,954) | | Amounts reclassified from accumulated other comprehensive income (2) (3) | (1) | | | | | (131) | | | (132) | | | | | | | | | | Net other comprehensive loss | (39,955) | | | | | (131) | | | (40,086) | | | | | | | | | | Balance as of June 30, 2022 | $ | (117,056) | | | | | (25,574) | | | (142,630) | |
| | | | | | | | | | | | | | | | | | | | | For the quarter ended June 30, 2021 | | Unrealized gains/(losses) on securities available-for-sale | | | | Change in defined benefit pension plans | | Total | Balance as of March 31, 2021 | $ | (653) | | | | | (50,059) | | | (50,712) | | | | | | | | | | | | | | | | | | | | | | | | | | Other comprehensive loss before reclassification adjustments (4) | 4,322 | | | | | — | | | 4,322 | | Amounts reclassified from accumulated other comprehensive income (5) (6) | (136) | | | | | 334 | | | 198 | | | | | | | | | | Net other comprehensive income | 4,186 | | | | | 334 | | | 4,520 | | | | | | | | | | Balance as of June 30, 2021 | $ | 3,533 | | | | | (49,725) | | | (46,192) | |
(1)Consists of unrealized holding losses, net of tax of $11,973. (2)Consists of realized gains, net of tax of $0. (3)Consists of realized gains, net of tax of $51. (4)Consists of unrealized holding gains, net of tax ($1,245). (5)Consists of realized gains, net of tax $43. (6)Consists of realized losses, net of tax of ($128). | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the six months ended June 30, 2022 | | Unrealized gains/(losses) on securities available-for-sale | | | | Change in defined benefit pension plans | | Total | Balance as of December 31, 2021 | $ | (12,317) | | | | | (25,312) | | | (37,629) | | | | | | | | | | | | | | | | | | | | | | | | | | Other comprehensive loss before reclassification adjustments (1) | (104,737) | | | | | — | | | (104,737) | | Amounts reclassified from accumulated other comprehensive income (2) (3) | (2) | | | | | (262) | | | (264) | | | | | | | | | | Net other comprehensive loss | (104,739) | | | | | (262) | | | (105,001) | | | | | | | | | | Balance as of June 30, 2022 | $ | (117,056) | | | | | (25,574) | | | (142,630) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the six months ended June 30, 2021 | | Unrealized gains on securities available-for-sale | | | | Change in defined benefit pension plans | | Total | Balance as of December 31, 2020 | $ | 16,843 | | | | | (50,392) | | | (33,549) | | | | | | | | | | | | | | | | | | | | | | | | | | Other comprehensive income/(loss) before reclassification adjustments (4) | (13,099) | | | | | — | | | (13,099) | | Amounts reclassified from accumulated other comprehensive income (5) (6) | (211) | | | | | 667 | | | 456 | | | | | | | | | | Net other comprehensive (loss)/income | (13,310) | | | | | 667 | | | (12,643) | | | | | | | | | | Balance as of June 30, 2021 | $ | 3,533 | | | | | (49,725) | | | (46,192) | |
(1)Consists of unrealized holding losses, net of tax of $30,850. (2)Consists of realized gains, net of tax of $0. (3)Consists of realized gains, net of tax of $101. (4)Consists of unrealized holding losses, net of tax $4,736. (5)Consists of realized gains, net of tax $65. (6)Consists of realized losses, net of tax of ($258).
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