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Accumulated Other Comprehensive Income (Loss) (Tables)
3 Months Ended
Mar. 31, 2022
Accumulated Other Comprehensive Income (Loss) [Abstract]  
Accumulated Other Comprehensive Income (Loss) Balances, Net of Tax
The following is a summary of the accumulated other comprehensive income (loss) balances, net of tax:

 
 
Three months ended March 31, 2022
 
(dollars in thousands)
 
Balance at
12/31/2021
   
Other
Comprehensive
Income (loss)-
Before
Reclassifications
   
Amount
reclassified
from Accumulated
Other Comprehensive
Income
   
Other
Comprehensive
Income (loss)-
Three months ended
3/31/2022
   
Balance at
3/31/2022
 
 
                             
Net unrealized holding loss on securities available for sale, net of tax
 
$
(26
)
   
(14,251
)
   
-
     
(14,251
)
   
(14,277
)
Net change in overfunded position in pension and postretirement plans arising during the year, net of tax
   
13,706
     
-
     
-
     
-
     
13,706
 
Net change in net actuarial loss and prior service credit on pension and postretirement benefit plans, net of tax
   
(1,533
)
   
-
     
(265
)
   
(265
)
   
(1,798
)
 
                                       
Accumulated other comprehensive (loss) income, net of tax
 
$
12,147
     
(14,251
)
   
(265
)
   
(14,516
)
   
(2,369
)

 
Three months ended March 31, 2021
 
(dollars in thousands)
 
Balance at
12/31/2020
   
Other
Comprehensive
Income (loss)-
Before
Reclassifications
   
Amount
reclassified
from Accumulated
Other Comprehensive
Income
   
Other
Comprehensive
Income (loss)-
Three months ended
3/31/2021
   
Balance at
3/31/2021
 
                               
Net unrealized holding loss on securities available for sale, net of tax
 
$
7,186
     
(4,461
)
   
-
     
(4,461
)
   
2,725
 
Net change in overfunded position in pension and postretirement plans arising during the year, net of tax
   
6,084
     
-
     
-
     
-
     
6,084
 
Net change in net actuarial (gain) loss and prior service credit on pension and postretirement benefit plans, net of tax
   
(1,334
)
   
-
     
(207
)
   
(207
)
   
(1,541
)
                                         
Accumulated other comprehensive income (loss), net of tax
 
$
11,936
     
(4,461
)
   
(207
)
   
(4,668
)
   
7,268
 
Reclassifications out of Accumulated Other Comprehensive Income (Loss)
The following represents the reclassifications out of accumulated other comprehensive income (loss) for the three months ended March 31, 2022 and 2021:

(dollars in thousands)  
Three months ended
March 31,
   
   
2022
   
2021
 
Affected Line Item in Financial Statements
Amortization of pension and postretirement benefit items:
               
Amortization of net actuarial gain
 
$
78
     
228
 
Salaries and employee benefits
Amortization of prior service (cost) credit
   
280
   
52
 
Salaries and employee benefits
Income tax benefit
   
(93
)
   
(73
)
Income taxes
Net of tax
   
265
     
207
 
                 
Total reclassifications, net of tax
 
$
265
     
207