Accumulated Other Comprehensive Income Loss

3 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Accumulated Other Comprehensive Income (Loss)

14.     Accumulated Other Comprehensive Income (Loss):

The following tables sets forth the changes in accumulated other comprehensive income (loss) by component for the periods indicated:

	For the three months ended March 31, 2020
	Unrealized Gains		Unrealized Gains
	(Losses) on		(Losses) on				Fair Value
	Available for Sale		Cash flow		Defined Benefit		Option Elected
	Securities		Hedges		Pension Items		on Liabilities		Total
	(In thousands)
Beginning balance, net of tax	$	(3,982)	$	(5,863)	$	(983)	$	1,021	$	(9,807)
Other comprehensive income before reclassifications, net of tax		(10,202)		(13,748)		—		1,096		(22,854)
Amounts reclassified from accumulated other comprehensive income, net of tax		25		143		53		—		221
Net current period other comprehensive income (loss), net of tax		(10,177)		(13,605)		53		1,096		(22,633)
Ending balance, net of tax	$	(14,159)	$	(19,468)	$	(930)	$	2,117	$	(32,440)

	For the three months ended March 31, 2019
	Unrealized Gains		Unrealized Gains
	(Losses) on		(Losses) on				Fair Value
	Available for Sale		Cash flow		Defined Benefit		Option Elected
	Securities		Hedges		Pension Items		on Liabilities		Total
	(In thousands)
Beginning balance, net of tax	$	(15,649)	$	3,704	$	(1,673)	$	866	$	(12,752)
Other comprehensive income before reclassifications, net of tax		5,620		(3,644)		—		88		2,064
Amounts reclassified from accumulated other comprehensive income (loss), net of tax		—		139		7		—		146
Net current period other comprehensive income, net of tax		5,620		(3,505)		7		88		2,210
Ending balance, net of tax	$	(10,029)	$	199	$	(1,666)	$	954	$	(10,542)

The following tables set forth significant amounts reclassified from accumulated other comprehensive income (loss) by component for the periods indicated:

For the three months ended March 31, 2020
	Amounts Reclassified from
Details about Accumulated Other	Accumulated Other			Affected Line Item in the Statement
Comprehensive Loss Components	Comprehensive Loss			Where Net Income is Presented
(In thousands)
Unrealized gains (losses) on available for sale securities	$	(37)		Net loss on sale of securities
		12		Provision for income taxes
	$	(25)		Net of tax
Cash flow hedges:
Interest rate swaps	$	(208)		Other interest expense
		65		Tax benefit
	$	(143)		Net of tax
Amortization of defined benefit pension items:
Actuarial gain (losses)	$	(97)	(1)	Other operating expense
Prior service credits		20	(1)	Other operating expense
		(77)		Total before tax
		24		Provision for income taxes
	$	(53)		Net of tax

For the three months ended March 31, 2019
	Amounts Reclassified from
Details about Accumulated Other	Accumulated Other			Affected Line Item in the Statement
Comprehensive Loss Components	Comprehensive Loss			Where Net Income is Presented
(In thousands)
Cash flow hedges:
Interest rate swaps	$	(201)		Interest expense
		62		Tax benefit
	$	(139)		Net of tax
Amortization of defined benefit pension items:
Actuarial losses	$	(32)	(1)	Other operating expense
Prior service credits		22	(1)	Other operating expense
		(10)		Total before tax
		3		Tax benefit
	$	(7)		Net of tax

(1) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 10 (“Pension and Other Postretirement Benefit Plans”) for additional information.