Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2022

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss

2. Accumulated Other Comprehensive Loss

The balances and changes in the components of accumulated other comprehensive loss, net of tax, are as follows:

	Unrealized				Accumulated
	(Losses) Gains		Defined		Other
	on Securities		Benefit		Comprehensive
(In thousands)	Available-for-Sale		Pension Plan		Loss
Balance, January 1, 2022	$	215	$	(1,181)	$	(966)
Other comprehensive loss before reclassifications		(1,774)		—		(1,774)
Net current-period other comprehensive loss		(1,774)		—		(1,774)
Balance, March 31, 2022	$	(1,559)	$	(1,181)	$	(2,740)
Balance, January 1, 2021	$	723	$	(2,138)	$	(1,415)
Other comprehensive loss before reclassifications		(13)		—		(13)
Amounts reclassified from AOCI to the income statement		—		23		23
Net current-period other comprehensive income (loss)		(13)		23		10
Balance, March 31, 2021	$	710	$	(2,115)	$	(1,405)

The following table presents the amounts reclassified out of each component of accumulated other comprehensive loss:

	Three months ended March 31,				Affected Line Item in the
(In thousands)	2022		2021		Statement of Income
Defined benefit pension plan:
Retirement plan net losses recognized in net periodic pension cost	$	—	$	28	Compensation and benefits
Tax effect		—		(5)	Income tax benefit
	$	—	$	23	Net income