Accumulated Other Comprehensive Loss Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 31, 2020

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). The activity is shown net of tax, which is calculated using a combined Federal and state income tax rate approximating 24% for 2020 and 23% for 2019.

	Accumulated Other Comprehensive Income (Loss)
			Unrealized
			Gains (Losses) on
	Defined Benefit		Securities
	Pension Plans		Available-for-Sale		Total
Balance at December 31, 2018	$	(5,871)	$	(8,611)	$	(14,482)
Other comprehensive (loss) income before reclassifications	(399)		20,775		20,376
Amounts reclassified from other comprehensive income (loss)	—		(54)		(54)
	(399)		20,721		20,322
Balance at December 31, 2019	$	(6,270)	$	12,110	$	5,840
Other comprehensive income before reclassifications	609		23,643		24,252
Amounts reclassified from other comprehensive income (loss)	—		(47)		(47)
Reclassification of unrealized gains on held-to-maturity securities to available-for-sale	—		1,188		1,188
	609		24,784		25,393
Balance at December 31, 2020	$	(5,661)	$	36,894	$	31,233

	Amounts reclassified from Other Comprehensive Income (Loss)						Affected line item
	December 31,						in the Consolidated
	2020		2019		2018		Statements of Income
Securities available-for-sale:
Net securities gains reclassified into earnings	$	(62)	$	(69)	$	—	Net gains on sale of investment securities
Related income tax expense	15		15		—		Income tax expense
Net effect on accumulated other comprehensive income (loss)	$	(47)	$	(54)	$	—
Defined benefit pension plans:
Gain on termination of defined benefit plan	$	—	$	—	$	163	Other expenses
Related income tax expense	—		—		(38)		Income tax expense
Net effect on accumulated other comprehensive income (loss)	$	—	$	—	$	125