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Other Comprehensive Income (Tables)
9 Months Ended
Sep. 30, 2020
Other Comprehensive Income Loss Net Of Tax Period Increase Decrease [Abstract]  
Schedule of reclassification adjustments related to securities available for sale are included in gains on sale or call of securities 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 September 30, 2020:

 

 

 

 

 

 

 

 

 

 

 

 

Securities available for sale and transferred securities:

 

 

 

 

 

 

 

 

 

 

 

 

Change in net unrealized gain/loss during the period

 

$

720

 

 

$

(150

)

 

$

570

 

Reclassification adjustment for net losses included in net income

 

 

(1,466

)

 

 

308

 

 

 

(1,158

)

Total other comprehensive gain

 

$

(746

)

 

$

158

 

 

$

(588

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine months ended September 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

Securities available for sale:

 

 

 

 

 

 

 

 

 

 

 

 

Change in net unrealized gain/loss during the period

 

$

13,338

 

 

$

(2,800

)

 

$

10,538

 

Reclassification adjustment for net losses included in net income

 

 

(1,464

)

 

 

307

 

 

 

(1,157

)

Total other comprehensive gain

 

$

11,874

 

 

$

(2,493

)

 

$

9,381

 

 

 

 

Before Tax

Amount

 

 

Tax Expense

(Benefit)

 

 

Net of Tax

Amount

 

 

 

(In Thousands)

 

Three months ended September 30, 2019:

 

 

 

 

 

 

 

 

 

 

 

 

Securities available for sale:

 

 

 

 

 

 

 

 

 

 

 

 

Change in net unrealized gain/loss during the period

 

$

1,192

 

 

$

(249

)

 

$

943

 

Reclassification adjustment for net gains included in net income

 

 

(11

)

 

 

2

 

 

 

(9

)

Total other comprehensive loss

 

$

1,181

 

 

$

(247

)

 

$

934

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine months ended September 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

Securities available for sale:

 

 

 

 

 

 

 

 

 

 

 

 

Change in net unrealized gain/loss during the period

 

$

9,084

 

 

$

(1,908

)

 

$

7,176

 

Reclassification adjustment for net gains included in net income

 

 

(11

)

 

 

2

 

 

 

(9

)

Postretirement medical plan

 

 

 

 

 

82

 

 

 

82

 

Total other comprehensive loss

 

$

9,073

 

 

$

(1,824

)

 

$

7,249

 

 

Schedule of accumulated other comprehensive income (loss), net of tax

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

 

 

10,538

 

 

 

 

 

 

10,538

 

Amounts reclassified from accumulated other comprehensive income

 

 

(1,157

)

 

 

 

 

 

(1,157

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Net other comprehensive income during period

 

 

9,381

 

 

 

 

 

 

9,381

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance September 30, 2020

 

$

14,220

 

 

$

(244

)

 

$

13,976

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance January 1, 2019

 

$

(2,057

)

 

$

(91

)

 

$

(2,148

)

Other comprehensive income (loss) before reclassifications

 

 

7,176

 

 

 

 

 

 

 

7,176

 

Amounts reclassified from accumulated other comprehensive income

 

 

(9

)

 

 

82

 

 

 

73

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net other comprehensive income during period

 

 

7,167

 

 

 

82

 

 

 

7,249

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance September 30, 2019

 

$

5,110

 

 

$

(9

)

 

$

5,101