Comprehensive Income

6 Months Ended

Jun. 30, 2020

Other Comprehensive Income (Loss), Net of Tax [Abstract]

Comprehensive Income

COMPREHENSIVE INCOME (In Thousands)

The following table presents the components of other comprehensive income for the three and six-month periods ended June 30, 2020 and 2019:

Schedule of Comprehensive Income
	Three Months Ended June 30						Six Months Ended June 30,
			Tax						Tax
	Before-Tax		(Expense)		Net-of-Tax		Before-Tax		(Expense)		Net-of-Tax
	Amount		Benefit		Amount		Amount		Benefit		Amount
2020
Net Unrealized Securities Holding Gains on Securities Available-for-Sale Arising During the Period	$	2,716	$	(695)	$	2,021	$	8,220	$	(2,101)	$	6,119
Net Unrealized Gains (Losses) on Cash Flow Swap	25		(7)		18		(269)		68		(201)
Amortization of Net Retirement Plan Actuarial Loss	78		(20)		58		114		(29)		85
Amortization of Net Retirement Plan Prior Service Cost	52		(13)		39		106		(28)		78
Other Comprehensive Income	$	2,871	$	(735)	$	2,136	$	8,171	$	(2,090)	$	6,081
2019
Net Unrealized Securities Holding Gains on Securities Available-for-Sale Arising During the Period	$	2,340	$	(596)	$	1,744	$	5,128	$	(1,304)	$	3,824
Amortization of Net Retirement Plan Actuarial Loss	179		(46)		133		342		(88)		254
Amortization of Net Retirement Plan Prior Service Cost	57		(14)		43		113		(28)		85
Other Comprehensive Income	$	2,576	$	(656)	$	1,920	$	5,583	$	(1,420)	$	4,163

The following table presents the changes in accumulated other comprehensive income by component:

Changes in Accumulated Other Comprehensive Income (Loss) by Component (1)
	Unrealized Gains and Losses on Available-for-Sale Securities		Unrealized Loss on Cash Flow Swap		Defined Benefit Plan Items				Total
					Net Actuarial Gain (Loss)		Net Prior Service (Cost) Credit
For the Quarter-To-Date periods ended:
March 31, 2020	$	4,563	$	(219)	$	(5,820)	$	(936)	$	(2,412)
Other comprehensive income or loss before reclassifications	2,021		18		—		—		2,039
Amounts reclassified from accumulated other comprehensive income	—		—		58		39		97
Net current-period other comprehensive income	2,021		18		58		39		2,136
June 30, 2020	$	6,584	$	(201)	$	(5,762)	$	(897)	$	(276)
March 31, 2019	$	(1,617)	$	—	$	(8,850)	$	(1,100)	$	(11,567)
Other comprehensive loss before reclassifications	1,744		—		—		—		1,744
Amounts reclassified from accumulated other comprehensive loss	—		—		133		43		176
Net current-period other comprehensive income	1,744		—		133		43		1,920
June 30, 2019	$	127	$	—	$	(8,717)	$	(1,057)	$	(9,647)
For the Year-To-Date periods ended:
December 31, 2019	$	465	$	—	$	(5,847)	$	(975)	$	(6,357)
Other comprehensive income or loss before reclassifications	6,119		(201)		—		—		5,918
Amounts reclassified from accumulated other comprehensive income	—		—		85		78		163
Net current-period other comprehensive income	6,119		(201)		85		78		6,081
June 30, 2020	$	6,584	$	(201)	$	(5,762)	$	(897)	$	(276)
December 31, 2018	$	(3,697)	$	—	$	(8,971)	$	(1,142)	$	(13,810)
Other comprehensive income or loss before reclassifications	3,824		—		—		—		3,824
Amounts reclassified from accumulated other comprehensive income	—		—		254		85		339
Net current-period other comprehensive income	3,824		—		254		85		4,163
June 30, 2019	$	127	$	—	$	(8,717)	$	(1,057)	$	(9,647)

(1) All amounts are net of tax.

The following table presents the reclassifications out of accumulated other comprehensive income:

Reclassifications Out of Accumulated Other Comprehensive Income
	Amounts Reclassified
Details about Accumulated Other	from Accumulated Other			Affected Line Item in the Statement
Comprehensive Income (Loss) Components	Comprehensive Income			Where Net Income Is Presented
For the Quarter-to-date periods ended:
June 30, 2020
Amortization of defined benefit pension items:
Prior-service costs	$	(52)	(1)	Salaries and Employee Benefits
Actuarial loss	(78)		(1)	Salaries and Employee Benefits
	(130)			Total before Tax
	33			Provision for Income Taxes
Total reclassifications for the period	$	(97)		Net of Tax
June 30, 2019
Amortization of defined benefit pension items:
Prior-service costs	$	(57)	(1)	Salaries and Employee Benefits
Actuarial loss	(179)		(1)	Salaries and Employee Benefits
	(236)			Total before Tax
	60			Provision for Income Taxes
Total reclassifications for the period	$	(176)		Net of Tax
For the Year-to-date periods ended:
June 30, 2020
Amortization of defined benefit pension items:
Prior-service costs	$	(106)	(1)	Salaries and Employee Benefits
Actuarial loss	(114)		(1)	Salaries and Employee Benefits
	(220)			Total before Tax
	57			Provision for Income Taxes
Total reclassifications for the period	$	(163)		Net of Tax
June 30, 2019
Amortization of defined benefit pension items:
Prior-service costs	$	(113)	(1)	Salaries and Employee Benefits
Actuarial loss	(342)		(1)	Salaries and Employee Benefits
	(455)			Total before Tax
	116			Provision for Income Taxes
Total reclassifications for the period	$	(339)		Net of Tax

(1) These accumulated other comprehensive income components are included in the computation of net periodic pension cost.