ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

9 Months Ended

Sep. 30, 2020

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Accumulated other comprehensive income (loss) represents the net unrealized holding gains or losses on securities available for sale and the funded status of the Corporation's defined benefit pension plan and other benefit plans, as of the consolidated balance sheet dates, net of the related tax effect.

The following is a summary of the changes in accumulated other comprehensive income (loss) by component, net of tax, for the periods indicated (in thousands):


	Unrealized Gains and Losses on Securities Available for Sale		Defined Benefit and Other Benefit Plans		Total


Balance at July 1, 2020, as adjusted	$	9,273	$	(7,131)	$	2,142
Other comprehensive income before reclassification	(516)		—		(516)
Amounts reclassified from accumulated other comprehensive income	—		16		16
Net current period other comprehensive income (loss)	(516)		16		(500)
Balance at September 30, 2020	$	8,757	$	(7,115)	$	1,642


	Unrealized Gains and Losses on Securities Available for Sale		Defined Benefit and Other Benefit Plans		Total


Balance at July 1, 2019, as adjusted	$	787	$	(6,738)	$	(5,951)
Other comprehensive income before reclassification	2,662		—		2,662
Amounts reclassified from accumulated other comprehensive income	—		13		13
Net current period other comprehensive income	2,662		13		2,675
Balance at September 30, 2019	$	3,449	$	(6,725)	$	(3,276)


	Unrealized Gains and Losses on Securities Available for Sale		Defined Benefit and Other Benefit Plans		Total


Balance at January 1, 2020, as adjusted	$	1,368	$	(7,167)	$	(5,799)
Other comprehensive income before reclassification	7,389		—		7,389
Amounts reclassified from accumulated other comprehensive income	—		52		52
Net current period other comprehensive income	7,389		52		7,441
Balance at September 30, 2020	$	8,757	$	(7,115)	$	1,642


	Unrealized Gains and Losses on Securities Available for Sale		Defined Benefit and Other Benefit Plans		Total


Balance at January 1, 2019, as adjusted	$	(4,646)	$	(6,765)	$	(11,411)
Other comprehensive income before reclassification	8,109		—		8,109
Amounts reclassified from accumulated other comprehensive income	(14)		40		26
Net current period other comprehensive income	8,095		40		8,135
Balance at September 30, 2019	$	3,449	$	(6,725)	$	(3,276)

The following is the reclassification out of accumulated other comprehensive income for the periods indicated (in thousands):


Details about Accumulated Other Comprehensive Income (Loss) Components	Three Months Ended September 30,				Affected Line Item in the Statement Where Net Income is Presented
	2020		2019
Unrealized gains and losses on securities available for sale:
Realized gains on securities available for sale	$	—	$	—	Net gains on securities transactions
Tax effect	—		—		Income tax expense
Net of tax	—		—
Amortization of defined pension plan and other benefit plan items:

Prior service costs (a)	(55)		(55)		Other components of net periodic pension and postretirement benefits
Actuarial losses (a)	77		72		Other components of net periodic pension and postretirement benefits
Tax effect	(6)		(4)		Income tax expense
Net of tax	16		13
Total reclassification for the period, net of tax	$	16	$	13

(a) These accumulated other comprehensive income components are included in the computation of net periodic pension and other benefit plan costs (see Note 11 for additional information).


Details about Accumulated Other Comprehensive Income Components	Nine Months Ended September 30,				Affected Line Item in the Statement Where Net Income is Presented
	2020		2019
Unrealized gains and losses on securities available for sale:
Realized gains on securities available for sale	$	—	$	(19)	Net gains on securities transactions
Tax effect	—		5		Income tax expense
Net of tax	—		(14)
Amortization of defined pension plan and other benefit plan items:

Prior service costs (a)	(165)		(165)		Other components of net periodic pension and postretirement benefits
Actuarial losses (a)	231		218		Other components of net periodic pension and postretirement benefits
Tax effect	(14)		(13)		Income tax expense
Net of tax	52		40
Total reclassification for the period, net of tax	$	52	$	26

(a) These accumulated other comprehensive income components are included in the computation of net periodic pension and other benefit plan costs (see Note 11 for additional information).