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Accumulated Other Comprehensive Income (Loss)
 3 Months Ended
Mar. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Abstract]  
Accumulated Other Comprehensive Income (Loss)
(7) Accumulated Other Comprehensive Income (Loss)

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

 
  
Three months ended 3/31/2021
  
(dollars in thousands)
  
Balance at
12/31/2020
    
Other
Comprehensive
Income (loss)-
Before
Reclassifications
    
Amount
reclassified
from Accumulated
Other Comprehensive
Income
    
Other
Comprehensive
Income (loss)-
Three months ended
3/31/2021
    
Balance at
3/31/2021
  
 
                              
Net unrealized holding loss on securities available for sale, net of tax
  
$
7,186
      
(4,461
)
    
-
      
(4,461
)
    
2,725
  
Net change in overfunded position in pension and postretirement plans arising during the year, net of tax
    
6,084
      
-
      
-
      
-
      
6,084
  
Net change in net actuarial gain and prior service credit on pension and postretirement benefit plans, net of tax
    
(1,334
)
    
-
      
(207
)
    
(207
)
    
(1,541
)
 
                                        
Accumulated other comprehensive loss, net of tax
  
$
11,936
      
(4,461
)
    
(207
)
    
(4,668
)
    
7,268
  

 
Three months ended 3/31/2020
  
(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)-
Three months ended
3/31/2020
    
Balance at
3/31/2020
  
                               
Net unrealized holding gain on securities available for sale, net of tax
  
$
286
      
7,945
      
(855
)
    
7,090
      
7,376
  
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
)
    
-
      
(159
)
    
(159
)
    
(824
)
                                         
Accumulated other comprehensive income (loss), net of tax
  
$
4,461
      
7,945
      
(1,014
)
    
6,931
      
11,392
  

The following represents the reclassifications out of accumulated other comprehensive income (loss) for the three months ended March 31, 2021 and 2020:

  
Three months ended
March 31,
    
   
2021
    
2020
  
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
  
$
228
      
166
  
Salaries and employee benefits
Amortization of prior service credit
    
52
      
49
  
Salaries and employee benefits
Income tax benefit
    
(73
)
    
(56
)
Income taxes
Net of tax
    
207
      
159
    
                      
Total reclassifications, net of tax
  
$
207
      
159