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Other Comprehensive Income (Loss)
6 Months Ended
Jun. 30, 2020
Stockholders' Equity Note [Abstract]  
Other Comprehensive Income (Loss) Other Comprehensive Income (Loss)
The following tables present reclassifications out of the accumulated other comprehensive income (loss) for the three and six month periods ended June 30, 2020 and 2019.
Three Months Ended June 30, 2020
(In thousands)Before-Tax
Amount
Tax (Expense)
Benefit
Net of Tax
Available-for-sale debt securities:
Change in net unrealized gain/loss during the period$(339) $82  $(257) 
Reclassification adjustment for net realized gain on sale of available-for-sale debt securities included in net income   
Net unrealized gains/losses(339) 82  (257) 
Employee benefit plans:
Amortization of net retirement plan actuarial gain581  (142) 439  
Amortization of net retirement plan prior service cost54  (13) 41  
Employee benefit plans635  (155) 480  
Other comprehensive income$296  $(73) $223  
 
Three Months Ended June 30, 2019
(In thousands)Before-Tax
Amount
Tax (Expense)
Benefit
Net of Tax
Available-for-sale debt securities:
Change in net unrealized gain/loss during the period$14,140  $(3,464) $10,676  
Reclassification adjustment for net realized gain on sale of available-for-sale debt securities included in net income(271) 67  (204) 
Net unrealized gains/losses13,869  (3,397) 10,472  
Employee benefit plans:
Amortization of net retirement plan actuarial gain400  (98) 302  
Amortization of net retirement plan prior service cost (1)  
Employee benefit plans403  (99) 304  
Other comprehensive income$14,272  $(3,496) $10,776  
Six Months Ended June 30, 2020
(In thousands)Before-Tax
Amount
Tax (Expense)
Benefit
Net of Tax
Available-for-sale debt securities:
Change in net unrealized gain/loss during the period$28,963  $(7,097) $21,866  
Reclassification adjustment for net realized gain on sale of available-for-sale debt securities included in net income(429) 105  (324) 
Net unrealized gains/losses28,534  (6,992) 21,542  
Employee benefit plans:
Amortization of net retirement plan actuarial loss1,183  (290) 893  
Amortization of net retirement plan prior service cost107  (26) 81  
Employee benefit plans1,290  (316) 974  
Other comprehensive income$29,824  $(7,308) $22,516  
Six Months Ended June 30, 2019
(In thousands)Before-Tax
Amount
Tax (Expense)
Benefit
Net of Tax
Available-for-sale debt securities:
Change in net unrealized gain/loss during the period$29,892  $(7,322) $22,570  
Reclassification adjustment for net realized gain on sale of available-for-sale debt securities included in net income(271) 67  (204) 
Net unrealized gains/losses29,621  (7,255) 22,366  
Employee benefit plans:
Amortization of net retirement plan actuarial loss821  (201) 620  
Amortization of net retirement plan prior service cost (2)  
Employee benefit plans828  (203) 625  
Other comprehensive income$30,449  $(7,458) $22,991  
The following table presents the activity in our accumulated other comprehensive income (loss) for the periods indicated:
 
(In thousands)Available-for-
Sale Debt Securities
Employee
Benefit Plans
Accumulated
Other
Comprehensive
(Loss) Income
Balance at March 31, 2020$25,838  $(47,109) $(21,271) 
Other comprehensive income (loss) before reclassifications(257)  (257) 
Amounts reclassified from accumulated other comprehensive (loss) income 480  480  
Net current-period other comprehensive income(257) 480  223  
Balance at June 30, 2020$25,581  $(46,629) $(21,048) 
Balance at January 1, 2020$4,039  $(47,603) $(43,564) 
Other comprehensive income (loss) before reclassifications21,866   21,866  
Amounts reclassified from accumulated other comprehensive (loss) income(324) 974  650  
Net current-period other comprehensive income21,542  974  22,516  
Balance at June 30, 2020$25,581  $(46,629) $(21,048) 
(In thousands)Available-for-
Sale Debit Securities
Employee
Benefit Plans
Accumulated
Other
Comprehensive
(Loss) Income
Balance at March 31, 2019$(11,695) $(39,255) $(50,950) 
Other comprehensive income (loss) before reclassifications10,676   10,676  
Amounts reclassified from accumulated other comprehensive (loss) income(204) 304  100  
Net current-period other comprehensive income10,472  304  10,776  
Balance at June 30, 2019$(1,223) $(38,951) $(40,174) 
Balance at January 1, 2019$(23,589) $(39,576) $(63,165) 
Other comprehensive income (loss) before reclassifications22,570   22,570  
Amounts reclassified from accumulated other comprehensive (loss) income(204) 625  421  
Net current-period other comprehensive income22,366  625  22,991  
Balance at June 30, 2019$(1,223) $(38,951) $(40,174) 
The following tables present the amounts reclassified out of each component of accumulated other comprehensive (loss) income for the three and six months ended June 30, 2020 and 2019.

Three Months Ended June 30, 2020
Details about Accumulated other Comprehensive Income (Loss) Components (In thousands)
Amount
Reclassified from
Accumulated
Other
Comprehensive
(Loss) Income1
Affected Line Item in the
Statement Where Net Income is
Presented
Available-for-sale debt securities:
Unrealized gains and losses on available-for-sale debt securities$ Net gain on securities transactions
 Tax expense
 Net of tax
Employee benefit plans:
Amortization of the following 2
Net retirement plan actuarial loss(581) Other operating expense
Net retirement plan prior service cost(54) Other operating expense
(635) Total before tax
155  Tax benefit
$(480) Net of tax
 
Three Months Ended June 30, 2019
Details about Accumulated other Comprehensive Income (Loss) Components (In thousands)
Amount
Reclassified from
Accumulated
Other
Comprehensive
(Loss) Income1
Affected Line Item in the
Statement Where Net Income is
Presented
Available-for-sale debt securities:
Unrealized gains and losses on available-for-sale debt securities$271  Net gain on securities transactions
(67) Tax expense
204  Net of tax
Employee benefit plans:
Amortization of the following2
Net retirement plan actuarial loss(400) Other operating expense
Net retirement plan prior service cost(3) Other operating expense
(403) Total before tax
99  Tax benefit
$(304) Net of tax
Six Months Ended June 30, 2020
Details about Accumulated other Comprehensive Income (Loss) Components (In thousands)
Amount
Reclassified from
Accumulated
Other
Comprehensive
(Loss) Income1
Affected Line Item in the
Statement Where Net Income is
Presented
Available-for-sale debt securities:
Unrealized gains and losses on available-for-sale debt securities$429  Net gain on securities transactions
(105) Tax expense
324  Net of tax
Employee benefit plans:
Amortization of the following2
Net retirement plan actuarial loss(1,183) Other operating expense
Net retirement plan prior service cost(107) Other operating expense
(1,290) Total before tax
316  Tax benefit
$(974) Net of tax
Six Months Ended June 30, 2019
Details about Accumulated other Comprehensive Income (Loss) Components (In thousands)
Amount
Reclassified from
Accumulated
Other
Comprehensive
(Loss) Income1
Affected Line Item in the
Statement Where Net Income is
Presented
Available-for-sale debt securities:
Unrealized gains and losses on available-for-sale debt securities$271  Net gain on securities transactions
(67) Tax expense
204  Net of tax
Employee benefit plans:
Amortization of the following2
Net retirement plan actuarial loss(821) Other operating expense
Net retirement plan prior service cost(7) Other operating expense
(828) Total before tax
203  Tax benefit
$(625) Net of tax
1 Amounts in parentheses indicated debits in income statement.
2 The accumulated other comprehensive (loss) income components are included in the computation of net periodic benefit cost (See Note 8 - “Employee Benefit Plan”).