Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2021

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

Comprehensive Income (Loss)

COMPREHENSIVE INCOME (LOSS) (In Thousands)

The following table presents the components of other comprehensive income (loss) for the three and nine month periods ended September 30, 2021 and 2020:

Schedule of Comprehensive (Loss) Income
	Three Months Ended September 30						Nine Months Ended September 30,
			Tax						Tax
	Before-Tax		(Expense)		Net-of-Tax		Before-Tax		Benefit		Net-of-Tax
	Amount		Benefit		Amount		Amount		(Expense)		Amount
2021
Net Unrealized Securities Holding Loss on Securities Available-for-Sale Arising During the Period	$	(1,719)	$	440	$	(1,279)	$	(5,333)	$	1,364	$	(3,969)
Net Unrealized Gain on Cash Flow Swap	245		(62)		183		1,281		(327)		954
Reclassification of Net Unrealized Gain on Cash Flow Hedge Agreements to Interest Expense	(34)		9		(25)		(92)		24		(68)
Amortization of Net Retirement Plan Actuarial Loss	22		(5)		17		68		(17)		51
Amortization of Net Retirement Plan Prior Service Cost	59		(16)		43		175		(46)		129
Other Comprehensive Loss	$	(1,427)	$	366	$	(1,061)	$	(3,901)	$	998	$	(2,903)
2020
Net Unrealized Securities Holding (Loss) Gain on Securities Available-for-Sale Arising During the Period	$	(397)	$	101	$	(296)	$	7,823	$	(2,000)	$	5,823
Net Unrealized Gain on Cash Flow Swap	317		(79)		238		48		(11)		37
Amortization of Net Retirement Plan Actuarial Loss	57		(15)		42		171		(44)		127
Amortization of Net Retirement Plan Prior Service Cost	53		(14)		39		159		(42)		117
Other Comprehensive Income	$	30	$	(7)	$	23	$	8,201	$	(2,097)	$	6,104

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

Changes in Accumulated Other Comprehensive Income (Loss) by Component (1)
	Unrealized (Loss) and Gain on Available-for-Sale Securities		Unrealized Gain (Loss) on Cash Flow Swap		Defined Benefit Plan Items				Total
					Net Actuarial Loss		Net Prior Service Cost
For the Quarter-To-Date periods ended:
June 30, 2021	$	3,109	$	1,213	$	(5,895)	$	(1,085)	$	(2,658)
Other comprehensive income or loss before reclassifications	(1,279)		183		—		—		(1,096)
Amounts reclassified from accumulated other comprehensive income	—		(25)		17		43		35
Net current-period other comprehensive income	(1,279)		158		17		43		(1,061)
September 30, 2021	$	1,830	$	1,371	$	(5,878)	$	(1,042)	$	(3,719)
June 30, 2020	$	6,584	$	(201)	$	(5,762)	$	(897)	$	(276)
Other comprehensive income or loss before reclassifications	(296)		238		—		—		(58)
Amounts reclassified from accumulated other comprehensive income	—		—		42		39		81
Net current-period other comprehensive income	(296)		238		42		39		23
September 30, 2020	$	6,288	$	37	$	(5,720)	$	(858)	$	(253)
For the Year-To-Date periods ended:
December 31, 2020	$	5,799	$	485	$	(5,929)	$	(1,171)	$	(816)
Other comprehensive income or loss before reclassifications	(3,969)		954		—		—		(3,015)
Amounts reclassified from accumulated other comprehensive income	—		(68)		51		129		112
Net current-period other comprehensive income	(3,969)		886		51		129		(2,903)
September 30, 2021	$	1,830	$	1,371	$	(5,878)	$	(1,042)	$	(3,719)
December 31, 2019	$	465	$	—	$	(5,847)	$	(975)	$	(6,357)
Other comprehensive income or loss before reclassifications	5,823		37		—		—		5,860
Amounts reclassified from accumulated other comprehensive income	—		—		127		117		244
Net current-period other comprehensive income	5,823		37		127		117		6,104
September 30, 2020	$	6,288	$	37	$	(5,720)	$	(858)	$	(253)

(1) All amounts are net of tax.

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

Reclassifications Out of Accumulated Other Comprehensive Income (Loss)
Details about Accumulated Other Comprehensive Income (Loss) Components	Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)			Affected Line Item in the Statement Where Net Income Is Presented
For the Quarter-to-date periods ended:
September 30, 2021
Reclassification of Net Unrealized Gain on Cash Flow Hedge Agreements to Interest Expense	$	34		Interest expense
Amortization of defined benefit pension items:
Prior-service costs	(59)		(1)	Salaries and Employee Benefits
Actuarial loss	(22)		(1)	Salaries and Employee Benefits
	(47)			Total before Tax
	12			Provision for Income Taxes
Total reclassifications for the period	$	(35)		Net of Tax
September 30, 2020
Amortization of defined benefit pension items:
Prior-service costs	$	(53)	(1)	Salaries and Employee Benefits
Actuarial loss	(57)		(1)	Salaries and Employee Benefits
	(110)			Total before Tax
	29			Provision for Income Taxes
Total reclassifications for the period	$	(81)		Net of Tax
For the Year-to-date periods ended:
September 30, 2021
Reclassification of Net Unrealized Gain on Cash Flow Hedge Agreements to Interest Expense	$	92
Amortization of defined benefit pension items:
Prior-service costs	(175)		(1)	Salaries and Employee Benefits
Actuarial loss	(68)		(1)	Salaries and Employee Benefits
	(151)			Total before Tax
	39			Provision for Income Taxes
Total reclassifications for the period	$	(112)		Net of Tax
Total reclassifications for the period	$	(112)		Net of Tax
September 30, 2020
Amortization of defined benefit pension items:
Prior-service costs	$	(159)	(1)	Salaries and Employee Benefits
Actuarial loss	(171)		(1)	Salaries and Employee Benefits
	(330)			Total before Tax
	86			Provision for Income Taxes
Total reclassifications for the period	$	(244)		Net of Tax
(1) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost.