Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2022

Equity [Abstract]

Accumulated Other Comprehensive Income

Accumulated Other Comprehensive (Loss) Income

The activity in accumulated other comprehensive (loss) 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
2022
Beginning Balance	$	(3,485)	$	(41,229)	$	(44,714)	$	(3,485)	$	17,745	$	14,260
Other comprehensive loss before reclassifications	—		(39,269)		(39,269)		—		(98,243)		(98,243)
	—		(39,269)		(39,269)		—		(98,243)		(98,243)
Ending Balance	$	(3,485)	$	(80,498)	$	(83,983)	$	(3,485)	$	(80,498)	$	(83,983)
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

	Amounts reclassified from Other Comprehensive (Loss) Income
	Three months ended				Six months ended				Affected line item
	June 30,				June 30,				in the Consolidated Statements
	2022		2021		2022		2021		of Income
Securities available-for-sale:
Net securities gains reclassified into earnings	$	—	$	29	$	—	$	312	Gains on sale of investment securities, net
Related income tax expense	—		(7)		—		(75)		Income tax expense
Net effect on accumulated other comprehensive (loss) income	$	—	$	22	$	—	$	237