Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2022

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 June 30, 2022
(dollars in thousands)	Balance at 4/1/2022			Other Comprehensive Income (loss)- Before Reclassifications			Amount reclassified from Accumulated Other Comprehensive Income			Other Comprehensive Income (loss)- Three months ended 6/30/2022			Balance at 6/30/2022
Net unrealized holding loss on securities available for sale, net of tax	$	(14,277	)		(6,829	)		-			(6,829	)		(21,106	)
Net change in overfunded position in pension and postretirement plans arising during the year, net of tax		13,706			-			-			-			13,706
Net change in net actuarial gain and prior service cost on pension and postretirement benefit plans, net of tax		(1,798	)		-			(224	)		(224	)		(2,022	)
Accumulated other comprehensive loss, net of tax	$	(2,369	)		(6,829	)		(224	)		(7,053	)		(9,422	)

	Three months ended June 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 gain 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 gain and prior service cost on pension and postretirement benefit plans, net of tax		(1,541	)		-		(50	)		(50	)		(1,591	)
Accumulated other comprehensive income, net of tax	$	7,268			622		(50	)		572			7,840

	Six months ended June 30, 2022
(dollars in thousands)	Balance at 1/1/2022			Other Comprehensive Income (loss)- Before Reclassifications			Amount reclassified from Accumulated Other Comprehensive Income			Other Comprehensive Income (loss)- Three months ended 6/30/2022			Balance at 6/30/2022
Net unrealized holding loss on securities available for sale, net of tax	$	(26	)		(21,080	)		-			(21,080	)		(21,106	)
Net change in overfunded position in pension and postretirement plans arising during the year, net of tax		13,706			-			-			-			13,706
Net change in net actuarial gain and prior service credit on pension and postretirement benefit plans, net of tax		(1,533	)		-			(489	)		(489	)		(2,022	)
Accumulated other comprehensive income (loss), net of tax	$	12,147			(21,080	)		(489	)		(21,569	)		(9,422	)

	Six months ended June 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 gain and prior service cost on pension and postretirement benefit plans, net of tax		(1,334	)		-			(257	)		(257	)		(1,591	)
Accumulated other comprehensive income (loss), net of tax	$	11,936			(3,839	)		(257	)		(4,096	)		7,840

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, 2022 and 2021:

(dollars in thousands)	Three months ended						Six months ended
	June 30,						June 30,
	2022			2021			2022			2021			Affected Line Item in Financial Statements
Amortization of pension and postretirement benefit items:
Amortization of net actuarial gain	$	426			169		$	504			397		Salaries and employee benefits
Amortization of prior service (cost) credit		(123	)		(102	)		157			(50	)	Salaries and employee benefits
Income tax benefit		(79	)		(17	)		(172	)		(90	)	Income taxes
Net of tax		224			50			489			257
Total reclassifications, net of tax	$	224			50		$	489			257