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COMPREHENSIVE INCOME
12 Months Ended
Dec. 31, 2020
COMPREHENSIVE INCOME  
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