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Accumulated Other Comprehensive Loss
 9 Months Ended
Sep. 30, 2019
Equity [Abstract]  
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss)

The activity in accumulated other comprehensive income (loss) is presented in the tables below (in thousands). All amounts are shown net of tax, which is calculated using a combined federal and state income tax rate approximating 23%.
 
Three months ended September 30,
 
Nine months ended September 30,
 
 
Unrealized
 
 
 
Unrealized
 
 
 
Gains
 
 
 
Gains
 
 
Defined
(Losses)
 
 
Defined
(Losses)
 
 
Benefit
Securities
 
 
Benefit
Securities
 
 
Pension
Available-
 
 
Pension
Available-
 
 
Plan
-for-Sale
Total
 
Plan
-for-Sale
Total
2019
 
 
 
 
 
 
 
Beginning Balance
$
(5,871
)
$
10,959

$
5,088

 
$
(5,871
)
$
(8,611
)
$
(14,482
)
 
 
 
 
 
 
 
 
   Other comprehensive income before reclassifications
—

6,277

6,277

 
—

25,931

25,931

   Amounts reclassified from other comprehensive income (loss)
—

30

30

 
—

(54
)
(54
)
 
—

6,307

6,307

 
—

25,877

25,877

 
 
 
 
 
 
 
 
Ending Balance
$
(5,871
)
$
17,266

$
11,395

 
$
(5,871
)
$
17,266

$
11,395

 
 
 
 
 
 
 
 
2018
 
 
 
 
 
 
 
Beginning Balance
$
(5,033
)
$
(13,919
)
$
(18,952
)
 
$
(5,033
)
$
(611
)
$
(5,644
)
 
 
 
 
 
 
 
 
   Other comprehensive loss before reclassifications
—

(4,325
)
(4,325
)
 
—

(14,976
)
(14,976
)
   Amounts reclassified from other comprehensive loss
—

—

—

 
—

—

—

 
—

(4,325
)
(4,325
)
 
—

(14,976
)
(14,976
)
 
 
 
 
 
 
 
 
   Adoption of new accounting pronouncement
—

—

—

 
—

(2,657
)
(2,657
)
 
 
 
 
 
 
 
 
Ending Balance
$
(5,033
)
$
(18,244
)
$
(23,277
)
 
$
(5,033
)
$
(18,244
)
$
(23,277
)

    
As a result of the adoption of ASU 2016-01, "Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities," the Company reclassified $2.7 million of unrealized gains and losses net of tax, relating to its equity and perpetual preferred securities, from other comprehensive income to retained earnings on January 1, 2018.
 
Amounts reclassified from Other Comprehensive (Income) Loss
 
 
Three months ended
Nine months ended
Affected line item
 
September 30,
September 30,
in the Consolidated Statements
 
2019
2018
2019
2018
of Income
 
 
 
 
 
 
Securities available-for-sale:
 
 
 
 
 
Net securities (losses) gains reclassified into earnings
$
(40
)
$
—

$
69

$
—

(Losses) gains on sale of investment securities, net
Related income tax benefit (expense)
10

—

(15
)
—

Income tax expense
Net effect on accumulated other comprehensive income (loss)
$
(30
)
$
—

$
54

$
—