Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2021

Equity [Abstract]

Summary of Comprehensive Income(Loss)

The Company’s other comprehensive income (loss) consists of unrealized gains or losses on securities held at year-end classified as available for sale and, cash flow hedges, and the component of the unfunded retirement liability computed in accordance with the requirements of ASC Topic 715, “Compensation – Retirement Benefits.” The before-tax and after-tax amount of each of these categories, as well as the tax (expense)/benefit of each, is summarized as follows:

	For the Year Ended December 31, 2021									For the Year Ended December 31, 2020									For the Year Ended December 31, 2019
	Before Tax Amount			Tax (Expense) or Benefit			Net-of- tax Amount			Before Tax Amount			Tax (Expense) or Benefit			Net-of- tax Amount			Before Tax Amount		Tax (Expense) or Benefit			Net-of- tax Amount
										(dollars in thousands)
Available for sale securities
Unrealized holding gains (losses)	$	(6,245	)	$	1,623		$	(4,622	)	$	3,630		$	(830	)	$	2,800		$	3,267	$	(767	)	$	2,500
Reclassification adjustment for (gains) losses realized in net income		—			—			—			(73	)		16			(57	)		81		(19	)		62
Interest rate swaps designated as cash flow hedges
Unrealized holding gains (losses)		(1,329	)		370			(959	)		6,602			(1,844	)		4,758			984		(271	)		713
Reclassification adjustment for (gains) losses recognized in net income		(2,587	)		723			(1,864	)		(1,879	)		525			(1,354	)		150		(42	)		108
Defined benefit retirement plans
Net change in retirement liability		5,273			(1,472	)		3,801			(1,695	)		463			(1,232	)		864		(241	)		623
Total other comprehensive income (loss)	$	(4,888	)	$	1,244		$	(3,644	)	$	6,585		$	(1,670	)	$	4,915		$	5,346	$	(1,340	)	$	4,006

Summary of Reclassifications out of Accumulated Other Comprehensive Income ( Loss) ("AOCI")

Reclassifications out of accumulated other comprehensive income (loss) (“AOCI”) are presented below:

	For the Year Ended December 31,
Details about Accumulated Other Comprehensive Income (Loss) Components	2021			2020			2019			Affected Line Item in the Statement where Net Income is Presented
	(dollars in thousands)
Unrealized gains (losses) on available for sale securities	$	—		$	73		$	(81	)	Gain (loss) on disposition of investment securities
Unrealized gains (losses) on derivatives		2,587			1,879			(150	)	Interest on taxable loans
Tax (expense) benefit		(723	)		(541	)		61		Income tax expense
Net of tax	$	1,864		$	1,411		$	(170	)	Net income