Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2020

Comprehensive Income [Abstract]

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

	Six Months Ended				Three Months Ended
	June 30,				June 30,
(in thousands)	2020		2019		2020		2019
Change in net unrealized holding gains (losses) on
available-for-sale securities:
Change arising during the period	$	(408)	$	15,631	$	8,442	$	7,214
Tax effect		(121)		4,687		2,528		2,151
		(287)		10,944		5,914		5,063
Change in funded status of pension plan:
Amortization of net actuarial loss included in net income (1)		—		176		—		88
Tax effect		—		92		—		65
		—		84		—		23
Change in unrealized loss on derivative instrument:
Amount of loss recognized during the period		(4,768)		(4,241)		(494)		(2,627)
Reclassification adjustment for net interest expense
included in net income (2)		1,366		183		856		114
		(3,402)		(4,058)		362		(2,513)
Tax effect		(1,021)		(1,212)		108		(747)
		(2,381)		(2,846)		254		(1,766)
Other comprehensive income (loss)	$	(2,668)	$	8,182	$	6,168	$	3,320

(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 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		6/30/20
Unrealized holding gains on available-for-sale securities	$	6,945	$	(287)	$	6,658
Unrealized actuarial loss on pension plan		(3,254)		—		(3,254)
Unrealized loss on derivative instruments		(3,096)		(2,381)		(5,477)
Accumulated other comprehensive income (loss), net of tax	$	595	$	(2,668)	$	(2,073)