XML 43 R23.htm IDEA: XBRL DOCUMENT v3.20.4
Accumulated Other Comprehensive Income
 12 Months Ended
Dec. 31, 2020
Accumulated Other Comprehensive Income [Abstract]  
Accumulated Other Comprehensive Income
(15)
Accumulated Other Comprehensive Income


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

 
  
December 31, 2020
  
(dollars in thousands)
  
Balance at
12/31/2019
    
Other
Comprehensive
Income (loss)-
Before
Reclassifications
    
Amount
reclassified
from Accumulated
Other Comprehensive
Income
    
Other
Comprehensive
Income (loss)-
year ended
12/31/2020
    
Balance at
12/31/2020
  
 
                              
Net unrealized holding loss on securities available for sale, net of tax
  
$
286
      
7,755
      
(855
)
    
6,900
      
7,186
  
Net change in overfunded position in pension and postretirement plans arising during the year, net of tax
    
4,840
      
1,244
      
-
      
1,244
      
6,084
  
Net change in net actuarial gain and prior service credit on pension and pension and postretirement benefit plans, net of tax
    
(665
)
    
-
      
(669
)
    
(669
)
    
(1,334
)
 
                                        
Accumulated other comprehensive income (loss), net of tax
    
4,461
      
8,999
      
(1,524
)
    
7,475
      
11,936
  

 
  
December 31, 2019
  
(dollars in thousands)
  
Balance at
12/31/2018
    
Other
Comprehensive
Income (loss)-
Before
Reclassifications
    
Amount
reclassified
from Accumulated
Other Comprehensive
Income
    
Other
Comprehensive
Income (loss)-
year ended
12/31/2019
    
Balance at
12/31/2019
  
 
                              
Net unrealized holding loss on securities available for sale, net of tax
  
$
(10,416
)
    
10,702
      
-
      
10,702
      
286
  
Net change in overfunded position in pension and postretirement plans arising during the year, net of tax
    
423
      
4,417
      
-
      
4,417
      
4,840
  
Net change in net actuarial gain and prior service credit on pension and pension and postretirement benefit plans, net of tax
    
(316
)
    
-
      
(349
)
    
(349
)
    
(665
)
 
                                        
Accumulated other comprehensive (loss) income, net of tax
    
(10,309
)
    
15,119
      
(349
)
    
14,770
      
4,461
  

 
  
December 31, 2018
  
(dollars in thousands)
  
Balance at
12/31/2017
    
Other
Comprehensive
Income (loss)-
Before
Reclassifications
    
Amount
reclassified
from Accumulated
Other Comprehensive
Income
    
Other
Comprehensive
Income (loss)-
year ended
12/31/2018
    
Balance at
12/31/2018
  
 
                              
Net unrealized holding loss on securities available for sale, net of tax
  
$
(5,030
)
    
(3,944
)
    
-
      
(3,944
)
    
(8,974
)
Net change in overfunded position in pension and postretirement plans arising during the year, net of tax
    
3,054
      
(2,727
)
    
-
      
(2,727
)
    
327
  
Net change in net actuarial loss (gain) and prior service cost (credit) on pension and pension and postretirement benefit plans, net of tax
    
170
      
-
      
(486
)
    
(486
)
    
(316
)
Tax Cuts and Jobs Act of 2017, Reclassification from AOCI to Retained
    
-
      
-
      
(1,346
)
    
-
      
(1,346
)
 
                                        
Accumulated other comprehensive loss, net of tax
  
$
(1,806
)
    
(6,671
)
    
(1,832
)
    
(7,157
)
    
(10,309
)


 The following represents the reclassifications out of accumulated other comprehensive income (loss) for the years ended December 31, 2020, 2019 and 2018:

(dollars in thousands)
  
Years ended
December 31,
  
 
 
  
2020
    
2019
    
2018
  
Affected Line Item in Financial Statements
Unrealized gains on securities available for sale:
                       
Realized gain on securities transactions
  
$
1,155
      
-
      
-
  
Net gain on securities transactions
Income tax expense
    
(300
)
    
-
      
-
  
Income taxes
Net of tax
    
855
      
-
      
-
    
                               
Amortization of pension and postretirement benefit items:
                        
       
Amortization of net actuarial gain
    
708
      
274
      
556
  
Salaries and employee benefits
Amortization of prior service credit
    
196
      
197
      
100
  
Salaries and employee benefits
Income tax benefit
    
(235
)
    
(122
)
    
(170
)
Income taxes
Net of tax
    
669
      
349
      
486
  
 
 
                        
         
Total reclassifications, net of tax
  
$
1,524
      
349
      
486