Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2020

Comprehensive Income [Abstract]

Components Of Other Comprehensive Income (Loss) And Related Tax Effects

	Three Months Ended
	March 31,
(in thousands)	2020		2019
Change in net unrealized holding gains (losses) on available-for-sale securities:
Change arising during the period	$	(8,850)	$	8,417
Tax effect		(2,649)		2,536
		(6,201)		5,881
Change in funded status of pension plan:
Amortization of net actuarial loss included in net income (1)		—		88
Tax effect		—		27
		—		61
Change in unrealized loss on derivative instrument:
Amount of loss recognized during the period		(4,274)		(1,614)
Reclassification adjustment for net interest expense included in net income (2)		510		69
		(3,764)		(1,545)
Tax effect		(1,129)		(465)
		(2,635)		(1,080)
Other comprehensive income (loss)	$	(8,836)	$	4,862

(1) Represents the amortization of net actuarial loss relating to the Corporation’s defined benefit pension plan. This item is a component of net periodic pension cost (see “Note 6 – Defined Benefit Pension Plan”) and included in the consolidated statements of income in the line item “Other noninterest income.”

(2) Represents the net interest expense recorded on derivative transactions and included in the consolidated statements of income under “Interest expense.”

Components Of Accumulated Other Comprehensive Income (Loss), Net Of Tax

			Current
	Balance		Period		Balance
(in thousands)	12/31/19		Change		3/31/20
Unrealized holding gains on available-for-sale securities	$	6,945	$	(6,201)	$	744
Unrealized actuarial loss on pension plan		(3,254)		—		(3,254)
Unrealized loss on derivative instruments		(3,096)		(2,635)		(5,731)
Accumulated other comprehensive income (loss), net of tax	$	595	$	(8,836)	$	(8,241)