Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2020

Statement of Comprehensive Income [Abstract]

Accumulated Other Comprehensive Income (Loss)

Other comprehensive income (loss) components, net of income tax, are shown in the following table for the three-month and six-month periods ended June 30, 2020 and 2019:


(in thousands)			Changes in pension plan assets and benefit obligations			Unrealized net holding gain (loss) on cash flow hedge			Unrealized gains (losses) on AFS debt securities			Total
Beginning balance at April 1, 2020			$	(26,674)		$	(937)		$	35,715		$	8,104
	Other comprehensive income before reclassifications	—			15			8,359			8,374
	Amounts reclassified from accumulated other comprehensive income	—			—			(2,617)			(2,617)
Net current period other comprehensive income			—			15			5,742			5,757
Ending balance at June 30, 2020			$	(26,674)		$	(922)		$	41,457		$	13,861

Beginning balance at April 1, 2019			$	(29,672)		$	(206)		$	(5,575)		$	(35,453)
	Other comprehensive (loss) income before reclassifications	—			(301)			8,967			8,666
	Amounts reclassified from accumulated other comprehensive loss	—			—			480			480
Net current period other comprehensive (loss) income			—			(301)			9,447			9,146
Ending balance at June 30, 2019			$	(29,672)		$	(507)		$	3,872		$	(26,307)


(in thousands)			Changes in pension plan assets and benefit obligations			Unrealized net holding gain (loss) on cash flow hedge			Unrealized gains (losses) on AFS debt securities			Total
Beginning balance at January 1, 2020			$	(26,674)		$	(454)		$	17,539		$	(9,589)
	Other comprehensive (loss) income before reclassifications	—			(468)			26,535			26,067
	Amounts reclassified from accumulated other comprehensive income	—			—			(2,617)			(2,617)
Net current period other comprehensive (loss) income			—			(468)			23,918			23,450
Ending balance at June 30, 2020			$	(26,674)		$	(922)		$	41,457		$	13,861

Beginning balance at January 1, 2019			$	(29,672)		$	—		$	(20,116)		$	(49,788)
	Other comprehensive (loss) income before reclassifications	—			(507)			23,508			23,001
	Amounts reclassified from accumulated other comprehensive loss	—			—			480			480
Net current period other comprehensive (loss) income			—			(507)			23,988			23,481
Ending balance at June 30, 2019			$	(29,672)		$	(507)		$	3,872		$	(26,307)

During the three-month and six-month periods ended June 30, 2020, there was $3.3 million ($2.6 million net of tax) reclassified out of accumulated other comprehensive income due to net gains on the sale of AFS debt securities. During the three-month and six-month periods ended June 30, 2019, there was $607,000 ($480,000 net of tax) reclassified out of accumulated other comprehensive loss due to net losses on the sale of AFS debt securities. These gains and losses were recorded within "Net gain (loss) on the sale of debt securities" on the Consolidated Condensed Statements of Income.