Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2021

Schedule of Changes In Each Component of 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 24%.


	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
2021
Beginning Balance	$	(5,661)	$	21,289	$	15,628	$	(5,661)	$	36,894	$	31,233

Other comprehensive income (loss) before reclassifications	—		6,960		6,960		—		(8,430)		(8,430)
Amounts reclassified from other comprehensive income	—		(22)		(22)		—		(237)		(237)
	—		6,938		6,938		—		(8,667)		(8,667)

Ending Balance	$	(5,661)	$	28,227	$	22,566	$	(5,661)	$	28,227	$	22,566

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

Schedule of Amounts Reclassified Out Of Accumulated Other Comprehensive Income


	Amounts reclassified from Other Comprehensive Income
	Three months ended				Six months ended				Affected line item
	June 30,				June 30,				in the Consolidated Statements
	2021		2020		2021		2020		of Income

Securities available-for-sale:
Net securities gains (losses) reclassified into earnings	$	29	$	(6)	$	312	$	56	Gains (losses) on sale of investment securities, net
Related income tax (expense) income	(7)		2		(75)		(12)		Income tax expense
Net effect on accumulated other comprehensive income	$	22	$	(4)	$	237	$	44