Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2021

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, 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)- year ended 12/31/2021			Balance at 12/31/2021
Net unrealized holding gain (loss) on securities available for sale, net of tax	$	7,186			(7,212	)		-			(7,212	)		(26	)
Net change in overfunded position in pension and postretirement plans arising during the year, net of tax		6,084			7,622			-			7,622			13,706
Net change in net actuarial gain and prior service credit on pension and pension and postretirement benefit plans, net of tax		(1,334	)					(199	)		(199	)		(1,533	)
Accumulated other comprehensive income (loss), net of tax		11,936			410			(199	)		211			12,147

	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 gain 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 (loss) income, 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) gain 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

The following represents the reclassifications out of accumulated other comprehensive income (loss) for the years ended December 31, 2021, 2020 and 2019:

(dollars in thousands)	Years ended December 31,
	2021			2020			2019			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:
Prior Service Cost
Amortization of net actuarial gain		674			708			274		Salaries and employee benefits
Amortization of prior service (cost) credit		(405	)		196			197		Salaries and employee benefits
Income tax benefit		(70	)		(235	)		(122	)	Income taxes
Net of tax		199			669			349
Total reclassifications, net of tax	$	199			1,524			349