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Accumulated Other Comprehensive Income (Loss)
 9 Months Ended
Sep. 30, 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 (loss) income balances, net of tax:

 
  
Three months ended 9/30/2021
  
(dollars in thousands)
  
Balance at
7/1/2021
    
Other
Comprehensive
Income (loss)-
Before
Reclassifications
    
Amount
reclassified
from Accumulated
Other Comprehensive
Income
    
Other
Comprehensive
Income (loss)-
Three months ended
9/30/2021
    
Balance at
9/30/2021
  
 
                              
Net unrealized holding loss on securities available for sale, net of tax
  
$
3,347
      
(566
)
    
-
      
(566
)
    
2,781
  
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
    
(1,591
)
    
-
      
30
      
30
      
(1,561
)
                                         
Accumulated other comprehensive income (loss), net of tax
  
$
7,840
      
(566
)
    
30
      
(536
)
    
7,304
  

 
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 (gain) 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) loss and prior service cost on pension and postretirement benefit plans, net of tax
    
(965
)
    
-
      
(201
)
    
(201
)
    
(1,166
)
                                         
Accumulated other comprehensive income (loss), net of tax
  
$
11,936
      
(198
)
    
(201
)
    
(399
)
    
11,537
  

 
  
Nine months ended 9/30/2021
  
(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
9/30/2021
    
Balance at
9/30/2021
  
 
                              
Net unrealized holding loss on securities available for sale, net of tax
  
$
7,186
      
(4,405
)
    
-
      
(4,405
)
    
2,781
  
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
)
    
-
      
(227
)
    
(227
)
    
(1,561
)
                                         
Accumulated other comprehensive income (loss), net of tax
  
$
11,936
      
(4,405
)
    
(227
)
    
(4,632
)
    
7,304
  

 
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 loss 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 loss and prior service credit on pension and postretirement benefit plans, net of tax
    
(665
)
    
-
      
(501
)
    
(501
)
    
(1,166
)
                                         
Accumulated other comprehensive income (loss), net of tax
  
$
4,461
      
8,432
      
(1,356
)
    
7,076
      
11,537
  

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

(dollars in thousands)
  
Three months ended
    
Nine months ended
  
   
September 30,
    
September 30,
  
   
2021
    
2020
    
2021
    
2020
  
Net unrealized holding gain on securities available for sale
                        
Realized gain on securities transactions
  
$
-
      
-
    
$
-
      
1,155
  
Income tax effect
    
-
      
-
      
-
      
(300
)
Net of tax
    
-
      
-
      
-
      
855
  
                                 
Amortization of pension and postretirement benefit items:
                                
Amortization of net actuarial gain
  
$
137
      
222
    
$
534
      
531
  
Amortization of prior service (cost) credit
    
(177
)
    
49
      
(227
)
    
147
  
Income tax benefit
    
10
      
(70
)
    
(80
)
    
(177
)
Net of tax
    
(30
)
    
201
      
227
      
501
  
                                 
Total reclassifications, net of tax
  
$
(30
)
    
201
    
$
227
      
1,356