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Accumulated Other Comprehensive Loss ("AOCL")
 12 Months Ended
Dec. 31, 2020
Accumulated Other Comprehensive Loss ("AOCL") [Abstract]  
Accumulated Other Comprehensive Loss ("AOCL")


‎

17. Accumulated Other Comprehensive Loss (“AOCL”)

The following table presents the changes in each component of accumulated other comprehensive loss for the years ended December 31, 2020 and 2019:

(in thousands)

Investment
‎securities-
‎with OTTI
‎AFS

Investment
‎securities-
‎all other
‎AFS

Investment
‎securities-
‎HTM

Cash Flow
‎Hedge

Pension
‎Plan

SERP

Total

Accumulated OCL, net:

Balance - January 1, 2019

$

(1,899)

$

(3,601)

$

(1,131)

$

773 

$

(18,017)

$

(528)

$

(24,403)

Other comprehensive income/(loss)
‎  before reclassifications

(497)

2,748 

—

(858)

(3,189)

(730)

(2,526)

Amounts reclassified from accumulated
‎  other comprehensive loss

(146)

—

232 

—

789 

83 

958 

Balance - December 31, 2019

$

(2,542)

$

(853)

$

(899)

$

(85)

$

(20,417)

$

(1,175)

$

(25,971)

Other comprehensive income/(loss)
‎  before reclassifications

(587)

1,291 

—

(869)

(3,262)

(625)

(4,052)

Amounts reclassified from accumulated
‎  other comprehensive loss

(148)

(463)

584 

—

1,049 

138 

1,160 

Balance - December 31, 2020

$

(3,277)

$

(25)

$

(315)

$

(954)

$

(22,630)

$

(1,662)

$

(28,863)


‎

The following tables present the components of other comprehensive loss for the years ended December 31, 2020 and 2019:

Components of Other Comprehensive Loss
‎(in thousands)

Before Tax
‎Amount

Tax (Expense)
‎Benefit

Net

For the year ended December 31, 2020

Available for sale (AFS) securities with OTTI:

Unrealized holding losses

$

(803)

$

216

$

(587)

Less: accretable yield recognized in income

202

(54)

148

Net unrealized losses on investments with OTTI

(1,005)

270

(735)

Available for sale securities – all other:

Unrealized holding gains

1,765

(474)

1,291

Less: gains recognized in income

632

(169)

463

Net unrealized gains on all other AFS securities

1,133

(305)

828

Held to maturity securities:

Unrealized holding gains

—

—

—

Less: amortization recognized in income

(798)

214

(584)

Net unrealized gains on HTM securities

798

(214)

584

Cash flow hedges:

Unrealized holding losses

(1,187)

318

(869)

Net unrealized losses on cash flow hedges

(1,187)

318

(869)

Pension Plan:

Unrealized net actuarial loss

(4,456)

1,194

(3,262)

Less: amortization of unrecognized loss

(1,433)

384

(1,049)

Net pension plan liability adjustment

(3,023)

810

(2,213)

SERP:

Unrealized net actuarial loss

(854)

229

(625)

Less: amortization of unrecognized loss

(188)

50

(138)

Less: amortization of prior service costs

—

—

—

Net SERP liability adjustment

(666)

179

(487)

Other comprehensive loss

$

(3,950)

$

1,058

$

(2,892)


‎

Components of Other Comprehensive Loss
‎(in thousands)

Before Tax
‎Amount

Tax (Expense)
‎Benefit

Net

For the year ended December 31, 2019

Available for sale (AFS) securities with OTTI:

Unrealized holding losses

$

(679)

$

182

$

(497)

Less: accretable yield recognized in income

200

(54)

146

Net unrealized losses on investments with OTTI

(879)

236

(643)

Available for sale securities – all other:

Unrealized holding gains

3,753

(1,005)

2,748

Net unrealized losses on all other AFS securities

3,753

(1,005)

2,748

Held to maturity securities:

Unrealized holding gains

—

—

—

Less: amortization recognized in income

(317)

85

(232)

Net unrealized gains on HTM securities

317

(85)

232

Cash flow hedges:

Unrealized holding losses

(1,172)

314

(858)

Net unrealized losses on cash flow hedges

(1,172)

314

(858)

Pension Plan:

Unrealized net actuarial loss

(4,355)

1,166

(3,189)

Less: amortization of unrecognized loss

(1,077)

288

(789)

Net pension plan liability adjustment

(3,278)

878

(2,400)

SERP:

Unrealized net actuarial loss

(997)

267

(730)

Less: amortization of unrecognized loss

(116)

31

(85)

Less: amortization of prior service costs

3

(1)

2

Net SERP liability adjustment

(884)

237

(647)

Other comprehensive loss

$

(2,143)

$

575

$

(1,568)


‎

The following tables present the details of accumulated other comprehensive loss components for the years ended December 31, 2020 and 2019:

Details of Accumulated Other Comprehensive Loss Components

Amount Reclassified from Accumulated Other Comprehensive Loss

Affected Line Item in the Statement

(in thousands)

2020

Where Net Income is Presented

Net unrealized losses on investment securities
‎  with OTTI:

Accretable Yield

$

202

Interest income on taxable investment securities

Taxes

(54)

Provision for Income Tax Expense

$

148

Net of tax

Net unrealized gains on available for sale
‎  investment securities - all other:

Gains on sales

$

632

Net gains

Taxes

(169)

Provision for Income Tax Expense

$

463

Net of tax

Net unrealized gains on held to maturity
‎  investment securities:

Amortization

$

(798)

Interest income on taxable investment securities

Taxes

214

Provision for Income Tax Expense

$

(584)

Net of tax

Net pension plan liability adjustment:

Amortization of unrecognized loss

$

(1,433)

Other expense

Taxes

384

Provision for Income Tax Expense

$

(1,049)

Net of tax

Net SERP liability adjustment:

Amortization of unrecognized loss

$

(188)

Other expense

Amortization of prior service costs

—

Other expense

Taxes

50

Provision for Income Tax Expense

$

(138)

Net of tax

Total reclassifications for the period

$

(1,160)

Net of tax


‎

Details of Accumulated Other Comprehensive Loss Components

Amount Reclassified from Accumulated Other Comprehensive Loss

Affected Line Item in the Statement

(in thousands)

2019

Where Net Income is Presented

Net unrealized gains on investment securities with OTTI:

Accretable Yield

$

200

Interest income on taxable investment securities

Taxes

(54)

Provision for Income Tax Expense

$

146

Net of tax

Net unrealized gains on held to maturity
‎  investment securities:

Amortization

$

(317)

Interest income on taxable investment securities

Taxes

85

Provision for Income Tax Expense

$

(232)

Net of tax

Net pension plan liability adjustment:

Amortization of unrecognized loss

$

(1,077)

Other expense

Taxes

288

Provision for Income Tax Expense

$

(789)

Net of tax

Net SERP liability adjustment:

Amortization of unrecognized loss

$

(116)

Other expense

Amortization of prior service costs

3

Other expense

Taxes

30

Provision for Income Tax Expense

$

(83)

Net of tax

Total reclassifications for the period

$

(958)

Net of tax