Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2021

The following table shows changes in accumulated other comprehensive income (loss) by component for the periods indicated:


	Unrealized Gains and Losses on Available for Sale Securities (1)		Unrealized Gains and Losses on Pension Plan Liability (1)		Unrealized Gains and Losses on Hedging Instruments (1)		Total (1)
Three Months Ended March 31, 2021	(in thousands)
Beginning balance	$	163,174	$	(5,833)	$	24,854	$	182,195
Other comprehensive loss before reclassifications	(102,605)		—		—		(102,605)
Amounts reclassified from accumulated other comprehensive income (2)	—		115		(1,977)		(1,862)
Net current-period other comprehensive income (loss)	(102,605)		115		(1,977)		(104,467)
Ending balance	$	60,569	$	(5,718)	$	22,877	$	77,728
Three Months Ended March 31, 2020
Beginning balance	$	33,038	$	(3,974)	$	11,303	$	40,367

Other comprehensive income before reclassifications	79,696		—		17,977		97,673
Amounts reclassified from accumulated other comprehensive income (2)	(191)		80		(722)		(833)
Net current-period other comprehensive income	79,505		80		17,255		96,840
Ending balance	$	112,543	$	(3,894)	$	28,558	$	137,207

__________

(1) All amounts are net of tax. Amounts in parentheses indicate debits.

(2) See following table for details about these reclassifications.

The following table shows details regarding the reclassifications from accumulated other comprehensive income (loss) for the periods indicated:


	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)
	Three Months Ended March 31,				Affected line Item in the Consolidated
	2021		2020			Statement of Income
	(in thousands)
Unrealized gains on available for sale debt securities	$	—	$	249		Investment securities gains, net
	—		249			Total before tax
	—		(58)			Income tax provision
	$	—	$	191		Net of tax

Amortization of pension plan liability actuarial losses	$	(150)	$	(104)		Compensation and employee benefits
	(150)		(104)			Total before tax
	35		24			Income tax provision
	$	(115)	$	(80)		Net of tax

Unrealized gains from hedging instruments	$	2,576	$	940		Loans
	2,576		940			Total before tax
	(599)		(218)			Income tax provision
	$	1,977	$	722		Net of tax