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Other Comprehensive Income
6 Months Ended
Jun. 30, 2020
Other Comprehensive Income Loss Net Of Tax Period Increase Decrease [Abstract]  
Other Comprehensive Income

16.

Other Comprehensive Income  

The before and after tax amounts allocated to each component of other comprehensive income (loss) are presented in the table below. Reclassification adjustments related to securities available for sale are included in gains on sale or call of securities in the accompanying consolidated condensed statements of income.

 

 

 

Before Tax

Amount

 

 

Tax (Expense)

Benefit

 

 

Net of Tax

Amount

 

 

 

(In Thousands)

 

Three months ended June 30, 2020:

 

 

 

 

 

 

 

 

 

 

 

 

Securities available for sale and transferred securities:

 

 

 

 

 

 

 

 

 

 

 

 

Change in net unrealized gain/loss during the period

 

$

3,160

 

 

$

(665

)

 

$

2,495

 

Reclassification adjustment for net losses included in net income

 

 

2

 

 

 

(1

)

 

 

1

 

Defined benefit postretirement medical plan:

 

 

 

 

 

 

 

 

 

 

 

 

Reclassification adjustment for deferred tax on defined benefit

   postretirement medical plan

 

 

 

 

 

 

 

 

 

Total other comprehensive gain

 

$

3,162

 

 

$

(666

)

 

$

2,496

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six months ended June 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

Securities available for sale:

 

 

 

 

 

 

 

 

 

 

 

 

Change in net unrealized gain/loss during the period

 

$

12,618

 

 

$

(2,650

)

 

$

9,968

 

Reclassification adjustment for net losses included in net income

 

 

2

 

 

 

(1

)

 

 

1

 

Defined benefit postretirement medical plan:

 

 

 

 

 

 

 

 

 

 

 

 

Reclassification adjustment for deferred tax on defined benefit

   postretirement medical plan

 

 

 

 

 

 

 

 

 

Total other comprehensive gain

 

$

12,620

 

 

$

(2,651

)

 

$

9,969

 

 

 

 

Before Tax

Amount

 

 

Tax Expense

(Benefit)

 

 

Net of Tax

Amount

 

 

 

(In Thousands)

 

Three months ended June 30, 2019:

 

 

 

 

 

 

 

 

 

 

 

 

Securities available for sale:

 

 

 

 

 

 

 

 

 

 

 

 

Change in net unrealized gain/loss during the period

 

$

3,289

 

 

$

(691

)

 

$

2,598

 

Reclassification adjustment for net gains included in net income

 

 

 

 

 

 

 

 

 

Defined benefit postretirement medical plan:

 

 

 

 

 

 

 

 

 

 

 

 

Reclassification adjustment for deferred tax on defined benefit

 

 

 

 

 

 

 

 

 

 

 

 

Postretirement medical plan

 

 

 

 

 

 

 

 

 

Total other comprehensive loss

 

$

3,289

 

 

$

(691

)

 

$

2,598

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six months ended June 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

Securities available for sale:

 

 

 

 

 

 

 

 

 

 

 

 

Change in net unrealized gain/loss during the period

 

$

7,892

 

 

$

(1,659

)

 

$

6,233

 

Reclassification adjustment for net gains included in net income

 

 

 

 

 

 

 

 

 

Defined benefit postretirement medical plan:

 

 

 

 

 

 

 

 

 

 

 

 

Reclassification adjustment for deferred tax on defined benefit

 

 

 

 

 

 

 

 

 

 

 

 

Postretirement medical plan

 

 

 

 

 

82

 

 

 

82

 

Total other comprehensive loss

 

$

7,892

 

 

$

(1,577

)

 

$

6,315

 

 

Activity in accumulated other comprehensive income (loss), net of tax, was as follows:

 

 

 

Securities

Available

For Sale

 

 

Post-

retirement

Benefit

 

 

Accumulated

Other

Comprehensive

Income (Loss)

 

 

 

(In Thousands)

 

Balance January 1, 2020

 

$

4,839

 

 

$

(244

)

 

$

4,595

 

Other comprehensive income  before reclassifications

 

 

9,968

 

 

 

 

 

 

9,968

 

Amounts reclassified from accumulated other comprehensive income

 

 

1

 

 

 

 

 

 

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net other comprehensive income during period

 

 

9,969

 

 

 

 

 

 

9,969

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance June 30, 2020

 

$

14,808

 

 

$

(244

)

 

$

14,564

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance January 1, 2019

 

$

(2,057

)

 

$

(91

)

 

$

(2,148

)

Other comprehensive income (loss) before reclassifications

 

 

6,233

 

 

 

 

 

 

6,233

 

Amounts reclassified from accumulated other comprehensive income

 

 

 

 

 

82

 

 

 

82

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net other comprehensive income during period

 

 

6,233

 

 

 

82

 

 

 

6,315

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance June 30, 2019

 

$

4,176

 

 

$

(9

)

 

$

4,167