Other Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2021

Components of Other Comprehensive Income and Related Tax Effects

Other comprehensive income components and related tax effects were as follows for the years ended December 31, 2021, 2020, and 2019:


	December 31, 2021		December 31, 2020		December 31, 2019
Unrealized holding gains (losses) on available for sale securities	$	(19,526)	$	12,494	$	13,732
Less reclassification adjustment for gains recognized in earnings	(783)		(2,190)		(148)
Net unrealized gains (losses)	(20,309)		10,304		13,584
Tax effect	4,265		(2,164)		(2,852)
Net-of-tax amount	(16,044)		8,140		10,732





Actuarial gain (loss) on postemployment health care plan	391		277		518
Net amortization of transition obligation and actuarial gain	(43)		0		23
Net unrealized gain (loss) on postemployment health care plan	348		277		541
Tax effect	(73)		(58)		(113)
Net-of-tax amount	275		219		428
Unrealized gain (loss) on interest rate swap	105		(508)		(347)
Less reclassification adjustment for losses recognized in earnings	276		224		63
Net unrealized gain (loss)	381		(284)		(284)
Tax effect	(80)		60		59
Net-of-tax amount	301		(224)		(225)
Other comprehensive income (loss)	$	(15,468)	$	8,135	$	10,935

Summary of Change in Accumulated Other Comprehensive Income (Loss)

The following is a summary of the change in the accumulated other comprehensive income (loss) balance, net of tax, for the years ended December 31, 2021, 2020, and 2019.


	Balance 12/31/20		Comprehensive Income (Loss)		Balance 12/31/21
Unrealized gains (losses) on securities available for sale	$	15,338	$	(16,044)	$	(706)
Unrealized gain on postretirement benefits plan	343		275		618
Unrealized loss on interest rate swap	(607)		301		(306)
Total	$	15,074	$	(15,468)	$	(394)


	Balance 12/31/19		Comprehensive Income (Loss)		Balance 12/31/20
Unrealized gains on securities available for sale	$	7,198	$	8,140	$	15,338
Unrealized gain on postretirement benefits plan	124		219		343
Unrealized loss on interest rate swap	(383)		(224)		(607)
Total	$	6,939	$	8,135	$	15,074


	Balance 1/1/19		Comprehensive Income (Loss)		Balance 12/31/19
Unrealized gains (losses) on securities available for sale	$	(3,534)	$	10,732	$	7,198
Unrealized gain (loss) on postretirement benefits plan	(304)		428		124
Unrealized loss on interest rate swap	(158)		(225)		(383)
Total	$	(3,996)	$	10,935	$	6,939