COMPREHENSIVE INCOME |
5. COMPREHENSIVE INCOME Comprehensive income is the total of (1) net income, and (2) all other changes in equity from non-stockholder sources, which are referred to as other comprehensive income (loss). The components of other comprehensive income (loss), and the related tax effects, are as follows: | | | | | | | | | | (In Thousands) | | Before-Tax | | Income Tax | | Net-of-Tax | | | Amount | | Effect | | Amount | 2020 | | | | | | | | | | Unrealized gains on available-for-sale debt securities: | | | | | | | | | | Unrealized holding gains on available-for-sale debt securities | | $ | 10,504 | | $ | (2,205) | | $ | 8,299 | Reclassification adjustment for (gains) realized in income | | | (169) | | | 35 | | | (134) | Other comprehensive income on available-for-sale debt securities | | | 10,335 | | | (2,170) | | | 8,165 | Unfunded pension and postretirement obligations: | | | | | | | | | | Changes from plan amendments and actuarial gains and losses included in other comprehensive income | | | (49) | | | 11 | | | (38) | Amortization of prior service cost and net actuarial loss included in net periodic benefit cost | | | (29) | | | 6 | | | (23) | Other comprehensive loss on unfunded retirement obligations | | | (78) | | | 17 | | | (61) | Total other comprehensive income | | $ | 10,257 | | $ | (2,153) | | $ | 8,104 | | | | | | | | | | | (In Thousands) | | Before-Tax | | Income Tax | | Net-of-Tax | | | Amount | | Effect | | Amount | 2019 | | | | | | | | | | Unrealized gains on available-for-sale debt securities: | | | | | | | | | | Unrealized holding gains on available-for-sale debt securities | | $ | 9,920 | | $ | (2,084) | | $ | 7,836 | Reclassification adjustment for (gains) realized in income | | | (23) | | | 5 | | | (18) | Other comprehensive income on available-for-sale debt securities | | $ | 9,897 | | $ | (2,079) | | $ | 7,818 | Unfunded pension and postretirement obligations: | | | | | | | | | | Changes from plan amendments and actuarial gains and losses included in other comprehensive income | | | 87 | | | (19) | | | 68 | Amortization of prior service cost and net actuarial loss included in net periodic benefit cost | | | (32) | | | 7 | | | (25) | Other comprehensive income on unfunded retirement obligations | | | 55 | | | (12) | | | 43 | Total other comprehensive income | | $ | 9,952 | | $ | (2,091) | | $ | 7,861 |
Items reclassified out of each component of accumulated other comprehensive income (loss) are as follows: | | | | | Affected Line Item in the | Description | | Consolidated Statements of Income | Amortization of prior service cost and net actuarial loss included in net periodic benefit cost (before-tax) | | Other noninterest expense | Reclassification adjustment for (gains) realized in income (before-tax) | | Realized gains on available-for-sale debt securities, net | Income tax effect | | Income tax provision |
Changes in the components of accumulated other comprehensive income (loss), included in stockholders’ equity, are as follows: | | | | | | | | | | (In Thousands) | | Unrealized | | Accumulated | | | | | | Gains | | Unfunded | | Other | | | (Losses) | | Retirement | | Comprehensive | | | on Securities | | Obligations | | Income (Loss) | 2020 | | | | | | | | | | Balance, beginning of period | | $ | 3,511 | | $ | 180 | | $ | 3,691 | Other comprehensive income (loss) during year ended December 31, 2020 | | | 8,165 | | | (61) | | | 8,104 | Balance, end of period | | $ | 11,676 | | $ | 119 | | $ | 11,795 | | | | | | | | | | | 2019 | | | | | | | | | | Balance, beginning of period | | $ | (4,307) | | $ | 137 | | $ | (4,170) | Other comprehensive income during year ended December 31, 2019 | | | 7,818 | | | 43 | | | 7,861 | Balance, end of period | | $ | 3,511 | | $ | 180 | | $ | 3,691 |
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