XML 25 R16.htm IDEA: XBRL DOCUMENT v3.22.2.2
Accumulated Comprehensive (Loss) Income
 9 Months Ended
Sep. 30, 2022
Accumulated Comprehensive (Loss) Income [Abstract]  
Accumulated Comprehensive Income
Note 8 – Accumulated Comprehensive (Loss) Income


The following tables present the changes in accumulated other comprehensive income by component, net of tax, for the three and nine months ended September 30, 2022 and 2021 (in thousands):

 
Nine months ended September 30, 2022
  
   
Unrealized gain
(loss) on available
for sale securities (a)
    
Defined
Benefit
Pension
Items (a)
    
Unrealized loss
on interest rate
swap (a)
    
Total
  
Balance as of December 31, 2021
  
$
304
    
$
(1,968
)
  
$
1,509
    
$
(155
)
Other comprehensive (loss) income before reclassifications (net of tax)
    
(39,959
)
    
-
      
4,185
      
(35,774
)
Amounts reclassified from accumulated other comprehensive loss (net of tax)
    
5
      
57
      
12
      
74
  
Net current period other comprehensive (loss) income
    
(39,954
)
    
57
      
4,197
      
(35,700
)
Balance as of September 30, 2022
  
$
(39,650
)
  
$
(1,911
)
  
$
5,706
    
$
(35,855
)

 
Nine months ended September 30, 2021
  
   
Unrealized gain (loss)
on available for sale
securities (a)
    
Defined
Benefit
Pension Items
(a)
    
Unrealized loss
on interest rate
swap (a)
    
Total
  
Balance as of December 31, 2020
  
$
6,058
    
$
(3,462
)
  
$
(9
)
  
$
2,587
  
Other comprehensive (loss) income before reclassifications (net of tax)
    
(2,827
)
    
-
      
1,091
      
(1,736
)
Amounts reclassified from accumulated other comprehensive income (net of tax)
    
(167
)
    
201
      
84
      
118
  
Net current period other comprehensive (loss) income
    
(2,994
)
    
201
      
1,175
      
(1,618
)
Balance as of September 30, 2021
  
$
3,064
    
$
(3,261
)
  
$
1,166
    
$
969
  

 
Three months ended September 30, 2022
  
   
Unrealized gain
(loss) on available
for sale securities (a)
    
Defined
Benefit
Pension
Items (a)
    
Unrealized loss
on interest rate
swap (a)
    
Total
  
Balance as of June 30, 2022
  
$
(28,928
)
  
$
(1,930
)
  
$
4,299
    
$
(26,559
)
Other comprehensive (loss) income before reclassifications (net of tax)
    
(10,727
)
    
-
      
1,444
      
(9,283
)
Amounts reclassified from accumulated other comprehensive loss (net of tax)
    
5
      
19
      
(37
)
    
(13
)
Net current period other comprehensive (loss) income
    
(10,722
)
    
19
      
1,407
      
(9,296
)
Balance as of September 30, 2022
  
$
(39,650
)
  
$
(1,911
)
  
$
5,706
    
$
(35,855
)

 
Three months ended September 30, 2021
  
   
Unrealized gain (loss)
on available for sale
securities (a)
    
Defined
Benefit
Pension Items
(a)
    
Unrealized loss
on interest rate
swap (a)
    
Total
  
Balance as of June 30, 2021
  
$
3,923
    
$
(3,326
)
  
$
1,013
    
$
1,610
  
Other comprehensive (loss) income before reclassifications (net of tax)
    
(731
)
    
-
      
123
      
(608
)
Amounts reclassified from accumulated other comprehensive income (net of tax)
    
(128
)
    
65
      
30
      
(33
)
Net current period other comprehensive (loss) income
    
(859
)
    
65
      
153
      
(641
)
Balance as of September 30, 2021
  
$
3,064
    
$
(3,261
)
  
$
1,166
    
$
969
  

(a) Amounts in parentheses indicate debits on the Consolidated Balance Sheet.


The following table presents the significant amounts reclassified out of each component of accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2022 and 2021 (in thousands):

Details about accumulated other comprehensive income (loss)
  
Amount reclassified from
accumulated comprehensive
income (loss) (a)
  
Affected line item in the Consolidated Statement of Income
 
  
Three Months Ended September 30,
  
 
 
  
2022
    
2021
  
 
Unrealized gains and losses on available for sale securities
            
         
   
$
(6
)
  
$
162
  
Available for sale securities gains, net
     
1
      
(34
)
Provision for income taxes
   
$
(5
)
  
$
128
  

Defined benefit pension items
                                
 
  
$
(24
)
  
$
(81
)
Other expenses
 
    
5
      
16
  
Provision for income taxes
 
  
$
(19
)
  
$
(65
)

                                     
Unrealized gain (loss) on interest rate swap
   $ 47     $ (38 )
Interest expense
      (10 )     8  
Provision for income taxes
    $ 37     $ (30 )

                             
Total reclassifications
  
$
13
    
$
33
  
 

Nine Months Ended September 30,
 
  
2022
    
2021
  
 
Unrealized gains and losses on available for sale securities
            
           
   
$
(6
)
  
$
212
  
Available for sale securities gains, net
     
1
      
(45
)
Provision for income taxes
   
$
(5
)
  
$
167
  

Defined benefit pension items
                                    
 
  
$
(72
)
  
$
(254
)
Other expenses
 
    
15
      
53
  
Provision for income taxes
 
  
$
(57
)
  
$
(201
)

                             
Unrealized loss on interest rate swap   $ (15 )   $ (106 )
Interest expense
      3       22  
Provision for income taxes
    $ (12 )   $ (84 )

                                          
Total reclassifications
  
$
(74
)
  
$
(118
)
 

(a) Amounts in parentheses indicate expenses and other amounts indicate income on the Consolidated Statement of Income