Other Comprehensive Income (Loss) Net of Tax (Tables)

9 Months Ended

Sep. 30, 2020

Statement of Comprehensive Income [Abstract]

Comprehensive Income (Loss) [Table Text Block]

Other comprehensive income (loss) components, net of income tax, are shown in the following table for the three-month and nine-month periods ended September 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 July 1, 2020		$	(26,674)	$	(922)	$	41,457	$	13,861
	Other comprehensive income before reclassifications	—		111		207		318
	Amounts reclassified from accumulated other comprehensive income	—		—		21		21
Net current period other comprehensive income		—		111		228		339
Ending balance at September 30, 2020		$	(26,674)	$	(811)	$	41,685	$	14,200
Beginning balance at July 1, 2019		$	(29,672)	$	(507)	$	3,872	$	(26,307)
	Other comprehensive (loss) income before reclassifications (1)	—		(49)		13,889		13,840
	Amounts reclassified from accumulated other comprehensive loss	—		—		(147)		(147)
Net current period other comprehensive (loss) income		—		(49)		13,742		13,693
Ending balance at September 30, 2019		$	(29,672)	$	(556)	$	17,614	$	(12,614)

(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	—		(357)		26,742		26,385
	Amounts reclassified from accumulated other comprehensive income	—		—		(2,596)		(2,596)
Net current period other comprehensive (loss) income		—		(357)		24,146		23,789
Ending balance at September 30, 2020		$	(26,674)	$	(811)	$	41,685	$	14,200
Beginning balance at January 1, 2019		$	(29,672)	$	—	$	(20,116)	$	(49,788)
	Other comprehensive (loss) income before reclassifications (1)	—		(556)		37,397		36,841
	Amounts reclassified from accumulated other comprehensive loss	—		—		333		333
Net current period other comprehensive (loss) income		—		(556)		37,730		37,174
Ending balance at September 30, 2019		$	(29,672)	$	(556)	$	17,614	$	(12,614)

(1) During the three-month and nine-month periods ended September 30, 2019, Park transferred HTM securities with a fair value of $373.9 million to AFS classification. The transfer occurred at fair value and had a related unrealized gain of $24.2 million ($19.1 million net of taxes), recorded in other comprehensive income.