Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2021

Equity [Abstract]

OTHER COMPREHENSIVE INCOME (LOSS)

OTHER COMPREHENSIVE INCOME (LOSS)

The following table presents the change in components of other comprehensive income (loss) for the periods presented, net of tax effects.

	Three Months Ended June 30, 2021									Three Months Ended June 30, 2020
(dollars in thousands)	Pre-Tax Amount			Tax (Expense) Benefit			Net of Tax Amount			Pre-Tax Amount			Tax Benefit (Expense)			Net of Tax Amount
Change in net unrealized gains/(losses) on debt securities available-for-sale		$	324		$	(69)		$	255		$	4,059		$	(864)		$	3,195
Adjustment to funded status of employee benefit plans (1)		2,910			(621)			2,289			464			(99)			365
Other Comprehensive Income		$	3,234		$	(690)		$	2,544		$	4,523		$	(963)		$	3,560
(1) Pension settlement accounting was recognized during the periods ended June 30, 2021 resulting in a charge of $0.2 million for the three months ended June 30, 2021 immediately recognizing a portion of unrecognized actuarial loss and a remeasurement of our pension obligation.
	Six Months Ended June 30, 2021									Six Months Ended June 30, 2020
(dollars in thousands)	Pre-Tax Amount			Tax (Expense) Benefit			Net of Tax Amount			Pre-Tax Amount			Tax (Expense) Benefit			Net of Tax Amount
Change in net unrealized gains/(losses) on available-for-sale debt securities		$	(9,388)		$	2,003		$	(7,385)		$	25,623		$	(5,452)		$	20,171
Adjustment to funded status of employee benefit plans (1)		2,567			(548)			2,019			929			(198)			731
Other Comprehensive (Loss)/Income		$	(6,821)		$	1,455		$	(5,366)		$	26,552		$	(5,650)		$	20,902
(1) Pension settlement accounting was recognized during the periods ended June 30, 2021 resulting in a charge of $0.9 million for the six months ended June 30, 2021 immediately recognizing a portion of unrecognized actuarial loss and a remeasurement of our pension obligation.