Other Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2021

Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of components of other comprehensive income (loss)

Other comprehensive income (loss) components, net of income tax, are shown in the following table for the years ended December 31, 2021, 2020 and 2019.

(in thousands)		Changes in Pension Plan assets and benefit obligations		Unrealized gains (losses) on AFS debt securities		Unrealized net holding loss on cash flow hedge		Total
Beginning balance at January 1, 2021		$	(34,421)	$	40,690	$	(698)	$	5,571
	Other comprehensive income (loss) before reclassifications	26,875		(19,537)		492		$	7,830
	Amounts reclassified from accumulated other comprehensive loss	1,754		—		—		$	1,754
Net current period other comprehensive income (loss) income		$	28,629	$	(19,537)	$	492	$	9,584
Ending balance at December 31, 2021		$	(5,792)	$	21,153	$	(206)	$	15,155
Beginning balance at January 1, 2020		$	(26,674)	$	17,539	$	(454)	$	(9,589)
	Other comprehensive (loss) income before reclassifications	(8,675)		25,747		(244)		$	16,828
	Amounts reclassified from accumulated other comprehensive loss (income)	928		(2,596)		—		$	(1,668)
Net current period other comprehensive (loss) income		$	(7,747)	$	23,151	$	(244)	$	15,160
Ending balance at December 31, 2020		$	(34,421)	$	40,690	$	(698)	$	5,571
Beginning balance at January 1, 2019		$	(29,672)	$	(20,116)	$	—	$	(49,788)
	Other comprehensive income (loss) before reclassifications (1)	1,511		37,322		(454)		$	38,379
	Amounts reclassified from accumulated other comprehensive loss	1,487		333		—		$	1,820
Net current period other comprehensive income (loss)		$	2,998	$	37,655	$	(454)	$	40,199
Ending balance at December 31, 2019		$	(26,674)	$	17,539	$	(454)	$	(9,589)

(1) During the year ended December 31, 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.

The following table provides information concerning amounts reclassified out of accumulated other comprehensive income (loss) for the years ended December 31, 2021, 2020 and 2019:

		Amount Reclassified from Accumulated Other Comprehensive Income (Loss)						Affected Line Item in the Consolidated Statements of Income
(In thousands)		2021		2020		2019
Amortization of defined benefit pension items
	Amortization of net loss	$	2,220	$	1,175	$	1,882	Employee benefits
Income before income taxes		2,220		1,175		1,882		Income before income taxes
	Income taxes	466		247		395		Income taxes
	Net of income tax	$	1,754	$	928	$	1,487	Net income
Unrealized gains & losses on AFS debt securities
	(Gain) loss on the sale of debt securities	$	—	$	(3,286)	$	421	Net gain (loss) on the sale of debt securities
(Income) loss before income taxes		—		(3,286)		421		Income before income taxes
	Income tax (benefit) expense	—		(690)		88		Income taxes
	Net of income (benefit) tax	$	—	$	(2,596)	$	333	Net income