Other Comprehensive Income

12 Months Ended

Dec. 31, 2020

Equity [Abstract]

Other Comprehensive Income

Other Comprehensive Income

Other comprehensive income components and related tax effects were as follows for the years ended December 31, 2020, December 31, 2019, and December 31, 2018: 

	December 31, 2020		December 31, 2019		December 31, 2018
Unrealized holding gains (losses) on available for sale securities	$	12,494	$	13,732	$	(5,073)
Less reclassification adjustment for gains recognized in earnings	(2,190)		(148)		0
Net unrealized gains (losses)	10,304		13,584		(5,073)
Tax effect	(2,164)		(2,852)		1,066
Net-of-tax amount	8,140		10,732		(4,007)
Actuarial gain (loss) on postemployment health care plan	277		518		404
Net amortization of transition obligation and actuarial gain	0		23		84
Net unrealized gain (loss) on postemployment health care plan	277		541		488
Tax effect	(58)		(113)		(102)
Net-of-tax amount	219		428		386
Unrealized gain (loss) on interest rate swap	(508)		(347)		(204)
Less reclassification adjustment for losses recognized in earnings	224		63		164
Net unrealized gain (loss)	(284)		(284)		(40)
Tax effect	60		59		8
Net-of-tax amount	(224)		(225)		(32)
Other comprehensive income (loss)	$	8,135	$	10,935	$	(3,653)

The following is a summary of the change in the accumulated other comprehensive income (loss) balance, net of tax, for the years ended December 31, 2020, December 31, 2019, and December 31, 2018. 

	Balance 12/31/19		Comprehensive Income (Loss)		Reclassification of Disproportionate Tax Effect		Balance 12/31/20
Unrealized gains (losses) on securities available for sale	$	7,198	$	8,140	$	0	$	15,338
Unrealized gain (loss) on postretirement benefits plan	124		219		0		343
Unrealized loss on interest rate swap	(383)		(224)		0		(607)
Total	$	6,939	$	8,135	$	0	$	15,074

	Balance 12/31/18		Comprehensive Income (Loss)		Reclassification of Disproportionate Tax Effect		Balance 12/31/19
Unrealized gains (losses) on securities available for sale	$	(3,534)	$	10,732	$	0	$	7,198
Unrealized gain (loss) on postretirement benefits plan	(304)		428		0		124
Unrealized loss on interest rate swap	(158)		(225)		0		(383)
Total	$	(3,996)	$	10,935	$	0	$	6,939

	Balance 1/1/18		Comprehensive Income (Loss)		Reclassification of Disproportionate Tax Effect		Balance 12/31/18
Unrealized gains (losses) on securities available for sale	$	473	$	(4,007)	$	0	$	(3,534)
Unrealized gain (loss) on postretirement benefits plan	(690)		386		0		(304)
Unrealized loss on interest rate swap	(126)		(32)		0		(158)
Total	$	(343)	$	(3,653)	$	0	$	(3,996)