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Other Comprehensive Income (Loss) (Tables)
12 Months Ended
Dec. 31, 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 the defined benefit postretirement medical plan are included in compensation and benefits in the accompanying consolidated condensed statements of income.

 

 

 

Before Tax

Amount

 

 

Tax Effect

 

 

Net of Tax

Amount

 

 

 

(In Thousands)

 

Twelve months ended December 31, 2020:

 

 

 

 

 

 

 

 

 

 

 

 

Securities available for sale and transferred securities:

 

 

 

 

 

 

 

 

 

 

 

 

Change in net unrealized gain/(loss) during the period

 

$

14,431

 

 

$

3,030

 

 

$

11,401

 

Reclassification adjustment for net gains included in net income

 

 

(1,464

)

 

 

(307

)

 

 

(1,157

)

Defined benefit postretirement medical plan:

 

 

 

 

 

 

 

 

 

 

 

 

Net gain on defined benefit postretirement medical plan realized

   during the period

 

 

195

 

 

 

41

 

 

 

154

 

Reclassification adjustment for net amortization and deferral on defined

   benefit postretirement medical plan (included in compensation and

   benefits)

 

 

13

 

 

 

2

 

 

 

11

 

Total other comprehensive income

 

$

13,175

 

 

$

2,766

 

 

$

10,409

 

 

 

 

Before Tax

Amount

 

 

Tax Effect

 

 

Net of Tax

Amount

 

 

 

(In Thousands)

 

Twelve months ended December 31, 2019:

 

 

 

 

 

 

 

 

 

 

 

 

Securities available for sale and transferred securities:

 

 

 

 

 

 

 

 

 

 

 

 

Change in net unrealized gain/(loss) during the period

 

$

8,754

 

 

$

1,839

 

 

$

6,915

 

Reclassification adjustment for net gains included in net income

 

 

(24

)

 

 

(5

)

 

 

(19

)

Defined benefit postretirement medical plan:

 

 

 

 

 

 

 

 

 

 

 

 

Net gain on defined benefit postretirement medical plan realized

   during the period

 

 

(310

)

 

 

(146

)

 

 

(164

)

Reclassification adjustment for net amortization and deferral on defined

   benefit postretirement medical plan (included in compensation and

   benefits)

 

 

14

 

 

 

3

 

 

 

11

 

Total other comprehensive income

 

$

8,434

 

 

$

1,691

 

 

$

6,743

 

 

 

 

Before Tax

Amount

 

 

Tax Effect

 

 

Net of Tax

Amount

 

 

 

(In Thousands)

 

Twelve months ended December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

Securities available for sale and transferred securities:

 

 

 

 

 

 

 

 

 

 

 

 

Change in net unrealized gain/(loss) during the period

 

$

(3,356

)

 

$

(706

)

 

$

(2,650

)

Reclassification adjustment for net gains included in net income

 

 

(173

)

 

 

(36

)

 

 

(137

)

Defined benefit postretirement medical plan:

 

 

 

 

 

 

 

 

 

 

 

 

Net gain on defined benefit postretirement medical plan realized

   during the period

 

 

560

 

 

 

200

 

 

 

360

 

Reclassification adjustment for net amortization and deferral on defined

   benefit postretirement medical plan (included in compensation and

   benefits)

 

 

18

 

 

 

3

 

 

 

15

 

Total other comprehensive income

 

$

(2,951

)

 

$

(539

)

 

$

(2,412

)

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

 

 

 

(In Thousands)

 

Balance January 1, 2020

 

$

4,839

 

 

$

(244

)

 

$

4,595

 

Other comprehensive income before reclassifications

 

 

11,401

 

 

 

154

 

 

 

11,555

 

Amounts reclassified from accumulated other comprehensive loss

 

 

(1,157

)

 

 

11

 

 

 

(1,146

)

Net other comprehensive income during period

 

 

10,244

 

 

 

165

 

 

 

10,409

 

Balance December 31, 2020

 

$

15,083

 

 

$

(79

)

 

$

15,004

 

Balance January 1, 2019

 

$

(2,057

)

 

$

(91

)

 

$

(2,148

)

Other comprehensive income before reclassifications

 

 

6,915

 

 

 

(164

)

 

 

6,751

 

Amounts reclassified from accumulated other comprehensive loss

 

 

(19

)

 

 

11

 

 

 

(8

)

Net other comprehensive income during period

 

 

6,896

 

 

 

(153

)

 

 

6,743

 

Balance December 31, 2019

 

$

4,839

 

 

$

(244

)

 

$

4,595

 

Balance January 1, 2018

 

$

601

 

 

$

(384

)

 

$

217

 

Other comprehensive income before reclassifications

 

 

(2,650

)

 

 

360

 

 

 

(2,290

)

Amounts reclassified from accumulated other comprehensive loss

 

 

(137

)

 

 

15

 

 

 

(122

)

Net other comprehensive income during period

 

 

(2,787

)

 

 

375

 

 

 

(2,412

)

Reclassification Adjustment upon adoption of ASU 2018-02

 

 

129

 

 

 

(82

)

 

 

47

 

Balance December 31, 2018

 

$

(2,057

)

 

$

(91

)

 

$

(2,148

)