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Accumulated Other Comprehensive Income (Loss) ("AOCIL") (Tables)
3 Months Ended
Mar. 31, 2021
Accumulated Other Comprehensive Income (Loss) ("AOCIL") [Abstract]  
Accumulated Other Comprehensive Income (Loss) (AOCIL), Net of Tax
A summary of changes in AOCIL follows:

 
Unrealized
Gains on
Securities
Available
for Sale
   
Dispropor-
tionate
Tax Effects
from
Securities
Available
for Sale
   
Unrealized
Losses on
Cash Flow
Hedges
   
Total
 
   
(In thousands)
 
                         
For the three months ended March 31, 2021
                       
Balances at beginning of period
 
$
15,822
   
$
(5,798
)
 
$
-
   
$
10,024
 
Other comprehensive loss before reclassifications
   
(6,805
)
   
-
     
-
     
(6,805
)
Amounts reclassified from AOCIL
   
1,119
     
-
     
-
     
1,119
 
Net current period other comprehensive loss
   
(5,686
)
   
-
     
-
     
(5,686
)
Balances at end of period
 
$
10,136
   
$
(5,798
)
 
$
-
   
$
4,338
 
                                 
2020
                               
Balances at beginning of period
 
$
3,739
   
$
(5,798
)
 
$
(1,727
)
 
$
(3,786
)
Other comprehensive loss before reclassifications
   
(606
)
   
-
     
(321
)
   
(927
)
Amounts reclassified from AOCIL
   
(200
)
   
-
     
59
     
(141
)
Net current period other comprehensive loss
   
(806
)
   
-
     
(262
)
   
(1,068
)
Balances at end of period
 
$
2,933
   
$
(5,798
)
 
$
(1,989
)
 
$
(4,854
)
Reclassifications Out of Each Component of AOCIL
A summary of reclassifications out of each component of AOCIL for the three months ended March 31 follows:

AOCIL Component
 
Amount
Reclassified
From
AOCIL
 
 Affected Line Item in Condensed
 Consolidated Statements of Operations
 
 
(In thousands)
 
 
2021
        
Unrealized gains on securities available for sale
     
   
 
 
$
1,416
 
 Net gains on securities available for sale
 
   
297
 
 Income tax expense
 
 
$
1,119
 
 Reclassifications, net of tax
 
       
     
2020
          
Unrealized gains on securities available for sale
       
   
 
 
$
253
 
 Net gains on securities available for sale
 
   
-
 
 Net impairment loss recognized in earnings
 
   
253
 
 Total reclassifications before tax
 
   
53
 
 Income tax expense
 
 
$
200
 
 Reclassifications, net of tax
 
       
     
Unrealized losses on cash flow hedges
       
   
 
 
$
75
 
 Interest expense
 
   
16
 
 Income tax expense
 
 
$
59
 
 Reclassification, net of tax
 
       
     
 
 
$
141
 
 Total reclassifications for the period, net of tax