Comprehensive Loss

3 Months Ended

Mar. 31, 2022

COMPREHENSIVE LOSS (In Thousands)

The following table presents the components of other comprehensive loss for the three month periods ended March 31, 2022 and 2021:


Schedule of Comprehensive Loss Income
	Three Months Ended March 31,
			Tax
	Before-Tax		(Expense)		Net-of-Tax
	Amount		Benefit		Amount
2022
Net Unrealized Securities Holding Loss on Securities Available-for-Sale Arising During the Period	$	(29,955)	$	7,659	$	(22,296)
Net Unrealized Gain on Cash Flow Swap	1,512		(387)		1,125



Reclassification of Net Unrealized Gain on Cash Flow Hedge Agreements to Interest Expense	(29)		8		(21)
Amortization of Net Retirement Plan Actuarial Loss	57		(15)		42
Amortization of Net Retirement Plan Prior Service Cost	7		(1)		6
Other Comprehensive Loss	$	(28,408)	$	7,264	$	(21,144)

2021
Net Unrealized Securities Holding Loss on Securities Available-for-Sale Arising During the Period	$	(5,121)	$	1,309	$	(3,812)
Net Unrealized Gain on Cash Flow Swap	1,982		(507)		1,475
Reclassification of Net Unrealized Gain on Cash Flow Hedge Agreements to Interest Expense	(28)		8		(20)


Amortization of Net Retirement Plan Actuarial Loss	46		(12)		34
Amortization of Net Retirement Plan Prior Service Cost	59		(16)		43
Other Comprehensive Loss	$	(3,062)	$	782	$	(2,280)

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:
December 31, 2021	$	(614)	$	1,320	$	639	$	(998)	$	347
Other comprehensive income or loss before reclassifications	(22,296)		1,125		—		—		(21,171)
Amounts reclassified from accumulated other comprehensive income	—		(21)		42		6		27
Net current-period other comprehensive (loss) income	(22,296)		1,104		42		6		(21,144)

March 31, 2022	$	(22,910)	$	2,424	$	681	$	(992)	$	(20,797)

December 31, 2020	$	5,799	$	485	$	(5,929)	$	(1,171)	$	(816)
Other comprehensive income or loss before reclassifications	(3,812)		1,475		—		—		(2,337)
Amounts reclassified from accumulated other comprehensive income	—		(20)		34		43		57
Net current-period other comprehensive (loss) income	(3,812)		1,455		34		43		(2,280)

March 31, 2021	$	1,987	$	1,940	$	(5,895)	$	(1,128)	$	(3,096)

(1) All amounts are net of tax.

The following table presents the reclassifications out of accumulated other comprehensive loss.


Reclassifications Out of Accumulated Other Comprehensive Loss

Details about Accumulated Other Comprehensive Loss Components	Amounts Reclassified from Accumulated Other Comprehensive Loss			Affected Line Item in the Statement Where Net Income Is Presented

For the Quarter-to-date periods ended:

March 31, 2022





Reclassification of Net Unrealized Gain on Cash Flow Hedge Agreements to Interest Expense	$	29		Interest expense
Amortization of defined benefit pension items:
Prior-service costs	(7)		(1)	Salaries and Employee Benefits
Actuarial loss	(57)		(1)	Salaries and Employee Benefits
	(35)			Total before Tax
	8			Provision for Income Taxes
Total reclassifications for the period	$	(27)		Net of Tax



March 31, 2021
Reclassification of Net Unrealized Gain on Cash Flow Hedge Agreements to Interest Expense	$	28		Interest expense
Amortization of defined benefit pension items:
Prior-service costs	$	(59)	(1)	Salaries and Employee Benefits
Actuarial loss	(46)		(1)	Salaries and Employee Benefits
	(77)			Total before Tax
	20			Provision for Income Taxes
Total reclassifications for the period	$	(57)		Net of Tax


































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