Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2020

Accumulated Other Comprehensive Income (Loss) [Abstract]

Accumulated Other Comprehensive (Loss) Income Balances, Net of Tax

The following is a summary of the accumulated other comprehensive (loss) income balances, net of tax:

	Three months ended 9/30/2020
(dollars in thousands)	Balance at 7/1/2020			Other Comprehensive Income (loss)- Before Reclassifications			Amount reclassified from Accumulated Other Comprehensive Income			Other Comprehensive Income (loss)- Three months ended 9/30/2020			Balance at 9/30/2020
Net unrealized holding loss on securities available for sale, net of tax	$	8,061			(198	)		-			(198	)		7,863
Net change in overfunded position in pension and postretirement plans arising during the year, net of tax		4,840			-			-			-			4,840
Net change in net actuarial gain and prior service credit on pension and postretirement benefit plans, net of tax		(965	)		-			(201	)		(201	)		(1,166	)
Accumulated other comprehensive loss, net of tax	$	11,936			(198	)		(201	)		(399	)		11,537

	Three months ended 9/30/2019
(dollars in thousands)	Balance at 7/1/2019			Other Comprehensive Income (loss)- Before Reclassifications		Amount reclassified from Accumulated Other Comprehensive Income			Other Comprehensive Income (loss)- Three months ended 9/30/2019			Balance at 9/30/2019
Net unrealized holding gain on securities available for sale, net of tax	$	(1,707	)		1,790		-			1,790			83
Net change in overfunded position in pension and postretirement plans arising during the year, net of tax		423			-		-			-			423
Net change in net actuarial gain and prior service credit on pension and postretirement benefit plans, net of tax		(490	)		-		(87	)		(87	)		(577	)
Accumulated other comprehensive income (loss), net of tax	$	(1,774	)		1,790		(87	)		1,703			(71	)

	Nine months ended 9/30/2020
(dollars in thousands)	Balance at 1/1/2020			Other Comprehensive Income (loss)- Before Reclassifications		Amount reclassified from Accumulated Other Comprehensive Income			Other Comprehensive Income (loss)- Three months ended 9/30/2020			Balance at 9/30/2020
Net unrealized holding gain on securities available for sale, net of tax	$	286			8,432		(855	)		7,577			7,863
Net change in overfunded position in pension and postretirement plans arising during the year, net of tax		4,840			-		-			-			4,840
Net change in net actuarial gain and prior service credit on pension and postretirement benefit plans, net of tax		(665	)		-		(501	)		(501	)		(1,166	)
Accumulated other comprehensive loss, net of tax	$	4,461			8,432		(1,356	)		7,076			11,537

	Nine months ended 9/30/2019
(dollars in thousands)	Balance at 1/1/2019			Other Comprehensive Income (loss)- Before Reclassifications		Amount reclassified from Accumulated Other Comprehensive Income			Other Comprehensive Income (loss)- Three months ended 9/30/2019			Balance at 9/30/2019
Net unrealized holding gain on securities available for sale, net of tax	$	(10,416	)		10,499		-			10,499			83
Net change in overfunded position in pension and postretirement plans arising during the year, net of tax		423			-		-			-			423
Net change in net actuarial gain and prior service credit on pension and postretirement benefit plans, net of tax		(316	)		-		(261	)		(261	)		(577	)
Accumulated other comprehensive income (loss), net of tax	$	(10,309	)		10,499		(261	)		10,238			(71	)

Reclassifications out of Accumulated Other Comprehensive Income (Loss)

The following represents the reclassifications out of accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2020 and 2019:

(dollars in thousands)	Three months ended						Nine months ended
	September 30,						September 30,
	2020			2019			2020			2019			Affected Line Item in Financial Statements
Net unrealized holding gain on securities available for sale
Realized gain on securities transactions	$	-			-		$	1,155			-		Net gain on securities transactions
Income tax effect		-			-			(300	)		-		Income taxes
Net of tax		-			-			855			-
Amortization of pension and postretirement benefit items:
Amortization of net actuarial gain (loss)	$	222			35		$	531			103		Salaries and employee benefits
Amortization of prior service credit (cost)		49			83			147			250		Salaries and employee benefits
Income tax benefit		(70	)		(31	)		(177	)		(92	)	Income taxes
Net of tax		201			87			501			261
Total reclassifications, net of tax	$	201			87		$	1,356			261