Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2021

Accumulated Other Comprehensive Income (Loss) [Abstract]

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

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

	Three months ended 6/30/2021
(dollars in thousands)	Balance at 4/1/2021			Other Comprehensive Income (loss)- Before Reclassifications		Amount reclassified from Accumulated Other Comprehensive Income			Other Comprehensive Income (loss)- Three months ended 6/30/2021			Balance at 6/30/2021
Net unrealized holding loss on securities available for sale, net of tax	$	2,725			622		-			622			3,347
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 loss and prior service credit on pension and postretirement benefit plans, net of tax		(1,541	)		-		(50	)		(50	)		(1,591	)
Accumulated other comprehensive loss, net of tax	$	7,268			622		(50	)		572			7,840

	Three months ended 6/30/2020
(dollars in thousands)	Balance at 4/1/2020			Other Comprehensive Income (loss)- Before Reclassifications		Amount reclassified from Accumulated Other Comprehensive Income			Other Comprehensive Income (loss)- Three months ended 6/30/2020			Balance at 6/30/2020
Net unrealized holding (gain) loss on securities available for sale, net of tax	$	7,376			685		-			685			8,061
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) loss and prior service cost on pension and postretirement benefit plans, net of tax		(824	)		-		(141	)		(141	)		(965	)
Accumulated other comprehensive income (loss), net of tax	$	11,392			685		(141	)		544			11,936

	Six months ended 6/30/2021
(dollars in thousands)	Balance at 1/1/2021			Other Comprehensive Income (loss)- Before Reclassifications			Amount reclassified from Accumulated Other Comprehensive Income			Other Comprehensive Income (loss)- Three months ended 6/30/2021			Balance at 6/30/2021
Net unrealized holding loss on securities available for sale, net of tax	$	7,186			(3,839	)		-			(3,839	)		3,347
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 loss and prior service credit on pension and postretirement benefit plans, net of tax		(1,334	)		-			(257	)		(257	)		(1,591	)
Accumulated other comprehensive loss, net of tax	$	11,936			(3,839	)		(257	)		(4,096	)		7,840

	Six months ended 6/30/2020
(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 6/30/2020			Balance at 6/30/2020
Net unrealized holding loss on securities available for sale, net of tax	$	286			8,630		(855	)		7,775			8,061
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 loss and prior service credit on pension and postretirement benefit plans, net of tax		(665	)		-		(300	)		(300	)		(965	)
Accumulated other comprehensive loss, net of tax	$	4,461			8,630		(1,155	)		7,475			11,936

Reclassifications out of Accumulated Other Comprehensive Income (Loss)

The following represents the reclassifications out of accumulated other comprehensive income (loss) for the three and six months ended June 30, 2021 and 2020:

(dollars in thousands)	Three months ended						Six months ended
	June 30,						June 30,
	2021			2020			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	$	169			143		$	397			309		Salaries and employee benefits
Amortization of prior service (cost) credit		(102	)		49			(50	)		98		Salaries and employee benefits
Income tax benefit		(17	)		(51	)		(90	)		(107	)	Income taxes
Net of tax		50			141			257			300
Total reclassifications, net of tax	$	50			141		$	257			1,155