Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2021

Equity [Abstract]

Components of Other Comprehensive Income (Loss) and Related Tax Effects

The components of other comprehensive income and related tax effects are as follows:

	Three months ended March 31,
(in thousands)	2021		2020
Unrealized holding losses on available for sale securities before reclassifications	$	(12,337)	$	(29,561)
Amounts reclassified out of AOCI:
Realized gain on debt securities	—		—
Unrealized holding losses on available for sale securities after reclassifications	(12,337)		(29,561)
Tax effect	3,647		8,739
Unrealized holding losses on available for sale securities, net of tax	(8,690)		(20,822)
Change in unfunded status of the supplemental retirement plans before reclassifications	(49)		448
Amounts reclassified out of AOCI:
Amortization of prior service cost	(14)		(14)
Amortization of actuarial losses	63		478
Total amounts reclassified out of accumulated other comprehensive income	49		464
Change in unfunded status of the supplemental retirement plans after reclassifications	—		912
Tax effect	—		—
Change in unfunded status of the supplemental retirement plans, net of tax	—		912
Change in joint beneficiary agreement liability before reclassifications	(629)		—
Tax effect	—		—
Change in joint beneficiary agreement liability before reclassifications, net of tax	(629)		—
Total other comprehensive loss	$	(9,319)	$	(19,910)

Components of Accumulated Other Comprehensive Loss

The components of accumulated other comprehensive income, included in shareholders’ equity, are as follows:

(in thousands)	March 31, 2021		December 31, 2020
Net unrealized gain on available for sale securities	$	6,846	$	19,183
Tax effect	(2,024)		(5,671)
Unrealized holding gain on available for sale securities, net of tax	4,822		13,512
Unfunded status of the supplemental retirement plans	(1,294)		(1,294)
Tax effect	382		382
Unfunded status of the supplemental retirement plans, net of tax	(912)		(912)
Joint beneficiary agreement liability	(949)		(320)
Tax effect	—		—
Joint beneficiary agreement liability, net of tax	(949)		(320)
Accumulated other comprehensive income	$	2,961	$	12,280