Accumulated Other Comprehensive Loss

6 Months Ended

Jun. 30, 2020

Equity [Abstract]

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Income

The activity in accumulated other comprehensive income 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 June 30,						Six months ended June 30,
	Defined						Defined
	Benefit		Securities				Benefit		Securities
	Pension		Available-				Pension		Available-
	Plan		-for-Sale		Total		Plan		-for-Sale		Total
2020
Beginning Balance	$	(6,270)	$	33,730	$	27,460	$	(6,270)	$	12,110	$	5,840
Other comprehensive income before reclassifications	—		3,565		3,565		—		24,036		24,036
Amounts reclassified from other comprehensive income	—		4		4		—		(44)		(44)
Reclassification of unrealized gains on held-to-maturity securities to available-for-sale	—		—		—		—		1,197		1,197
	—		3,569		3,569		—		25,189		25,189
Ending Balance	$	(6,270)	$	37,299	$	31,029	$	(6,270)	$	37,299	$	31,029
2019
Beginning Balance	$	(5,871)	$	20	$	(5,851)	$	(5,871)	$	(8,611)	$	(14,482)
Other comprehensive income before reclassifications	—		10,956		10,956		—		19,654		19,654
Amounts reclassified from other comprehensive income	—		(17)		(17)		—		(84)		(84)
	—		10,939		10,939		—		19,570		19,570
Ending Balance	$	(5,871)	$	10,959	$	5,088	$	(5,871)	$	10,959	$	5,088

	Amounts reclassified from Other Comprehensive Income
	Three months ended				Six months ended				Affected line item
	June 30,				June 30,				in the Consolidated Statements
	2020		2019		2020		2019		of Income
Securities available-for-sale:
Net securities (losses) gains reclassified into earnings	$	(6)	$	21	$	56	$	109	(Losses) gains on sale of investment securities, net
Related income tax expense (income)	2		(4)		(12)		(25)		Income tax expense (income)
Net effect on accumulated other comprehensive income	$	(4)	$	17	$	44	$	84