Other Comprehensive Income (Tables)

9 Months Ended

Sep. 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 September 30, 2020
Securities available for sale:
Unrealized holding gains on securities	$	519	$	131	$	388
Total securities available for sale	519		131		388
Derivative instruments:
Unrealized holding gains on derivative instruments	1,576		401		1,175
Total derivative instruments	1,576		401		1,175
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	65		17		48
Total defined benefit pension and post-retirement benefit plans	65		17		48
Total other comprehensive income	$	2,160	$	549	$	1,611
Three months ended September 30, 2019
Securities available for sale:
Unrealized holding losses on securities	$	(84)	$	(22)	$	(62)
Reclassification adjustment for losses realized in net income	2,516		640		1,876
Total securities available for sale	2,432		618		1,814
Derivative instruments:
Unrealized holding losses on derivative instruments	(949)		(241)		(708)
Total derivative instruments	(949)		(241)		(708)
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	104		26		78
Total defined benefit pension and post-retirement benefit plans	104		26		78
Total other comprehensive income	$	1,587	$	403	$	1,184

	Pre-Tax		Tax Expense (Benefit)		Net of Tax
Nine months ended September 30, 2020
Securities available for sale:
Unrealized holding gains on securities	$	26,404	$	6,719	$	19,685
Reclassification adjustment for gains realized in net income	(31)		(8)		(23)
Total securities available for sale	26,373		6,711		19,662
Derivative instruments:
Unrealized holding losses on derivative instruments	(3,516)		(895)		(2,621)
Total derivative instruments	(3,516)		(895)		(2,621)
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	195		50		145
Total defined benefit pension and post-retirement benefit plans	195		50		145
Total other comprehensive income	$	23,052	$	5,866	$	17,186
Nine months ended September 30, 2019
Securities available for sale:
Unrealized holding gains on securities	$	27,695	$	7,047	$	20,648
Reclassification adjustment for losses realized in net income	2,511		639		1,872
Total securities available for sale	30,206		7,686		22,520
Derivative instruments:
Unrealized holding losses on derivative instruments	(4,244)		(1,080)		(3,164)
Total derivative instruments	(4,244)		(1,080)		(3,164)
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	314		80		234
Total defined benefit pension and post-retirement benefit plans	314		80		234
Total other comprehensive income	$	26,276	$	6,686	$	19,590

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:

	September 30, 2020		December 31, 2019
Unrealized gains on securities	$	41,225	$	21,563
Non-credit related portion of previously recorded other-than-temporary impairment on securities	(11,319)		(11,319)
Unrealized losses on derivative instruments	(5,468)		(2,847)
Unrecognized losses on defined benefit pension and post-retirement benefit plans obligations	(6,488)		(6,633)
Total accumulated other comprehensive income	$	17,950	$	764