Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2020

Equity [Abstract]

Changes in the components of other comprehensive income

Changes in the components of other comprehensive income, net of tax, were as follows for the periods presented:

	Pre-Tax		Tax Expense (Benefit)		Net of Tax
Three months ended June 30, 2020
Securities available for sale:
Unrealized holding gains on securities	$	3,496	$	893	$	2,603
Reclassification adjustment for gains realized in net income	(31)		(8)		(23)
Total securities available for sale	3,465		885		2,580
Derivative instruments:
Unrealized holding losses on derivative instruments	(1,064)		(271)		(793)
Total derivative instruments	(1,064)		(271)		(793)
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	68		17		51
Total defined benefit pension and post-retirement benefit plans	68		17		51
Total other comprehensive income	$	2,469	$	631	$	1,838
Three months ended June 30, 2019
Securities available for sale:
Unrealized holding gains on securities	$	12,599	$	3,206	$	9,393
Reclassification adjustment for losses realized in net income	8		2		6
Total securities available for sale	12,607		3,208		9,399
Derivative instruments:
Unrealized holding losses on derivative instruments	(2,067)		(526)		(1,541)
Total derivative instruments	(2,067)		(526)		(1,541)
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	137		35		102
Total defined benefit pension and post-retirement benefit plans	137		35		102
Total other comprehensive income	$	10,677	$	2,717	$	7,960

	Pre-Tax		Tax Expense (Benefit)		Net of Tax
Six months ended June 30, 2020
Securities available for sale:
Unrealized holding gains on securities	$	25,885	$	6,588	$	19,297
Reclassification adjustment for gains realized in net income	(31)		(8)		(23)
Total securities available for sale	25,854		6,580		19,274
Derivative instruments:
Unrealized holding losses on derivative instruments	(5,092)		(1,296)		(3,796)
Total derivative instruments	(5,092)		(1,296)		(3,796)
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	130		33		97
Total defined benefit pension and post-retirement benefit plans	130		33		97
Total other comprehensive income	$	20,892	$	5,317	$	15,575
Six months ended June 30, 2019
Securities available for sale:
Unrealized holding losses on securities	$	27,780	$	7,070	$	20,710
Reclassification adjustment for gains realized in net income	(5)		(1)		(4)
Total securities available for sale	27,775		7,069		20,706
Derivative instruments:
Unrealized holding losses on derivative instruments	(3,294)		(838)		(2,456)
Total derivative instruments	(3,294)		(838)		(2,456)
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	209		53		156
Total defined benefit pension and post-retirement benefit plans	209		53		156
Total other comprehensive income	$	24,690	$	6,284	$	18,406

Accumulated balances for each component of other comprehensive income, net of tax

The accumulated balances for each component of other comprehensive income, net of tax, were as follows as of the dates presented:

	June 30, 2020		December 31, 2019
Unrealized gains on securities	$	40,837	$	21,563
Non-credit related portion of previously recorded other-than-temporary impairment on securities	(11,319)		(11,319)
Unrealized losses on derivative instruments	(6,643)		(2,847)
Unrecognized losses on defined benefit pension and post-retirement benefit plans obligations	(6,536)		(6,633)
Total accumulated other comprehensive income	$	16,339	$	764