Accumulated Other Comprehensive Income (Tables)

9 Months Ended

Sep. 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 September 30,						Nine months ended September 30,

	Defined						Defined
	Benefit		Securities				Benefit		Securities
	Pension		Available-				Pension		Available-
	Plan		-for-Sale		Total		Plan		-for-Sale		Total
2021
Beginning Balance	$	(5,661)	$	28,227	$	22,566	$	(5,661)	$	36,894	$	31,233

Other comprehensive loss before reclassifications	—		(7,349)		(7,349)		—		(15,779)		(15,779)
Amounts reclassified from other comprehensive income	—		—		—		—		(237)		(237)
	—		(7,349)		(7,349)		—		(16,016)		(16,016)

Ending Balance	$	(5,661)	$	20,878	$	15,217	$	(5,661)	$	20,878	$	15,217

2020
Beginning Balance	$	(6,270)	$	37,299	$	31,029	$	(6,270)	$	12,110	$	5,840

Other comprehensive (loss) income before reclassifications	—		(539)		(539)		—		23,497		23,497
Amounts reclassified from other comprehensive income	—		—		—		—		(44)		(44)
Reclassification of unrealized gains on held-to-maturity securities to available-for-sale	—		—		—		—		1,197		1,197
	—		(539)		(539)		—		24,650		24,650

Ending Balance	$	(6,270)	$	36,760	$	30,490	$	(6,270)	$	36,760	$	30,490

Schedule of Amounts Reclassified Out Of Accumulated Other Comprehensive Income


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

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