Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2021

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income (Loss)

The following table details the components of accumulated other comprehensive income (loss) for the three and six months ended June 30, 2021 and 2020:


(dollars in thousands)	Net Change in Unrealized Gains on Available-for- Sale Investment Securities		Net Change in Fair Value of Derivative Used for Cash Flow Hedge		Net Change in Unfunded Pension Liability		Accumulated Other Comprehensive Income (Loss)
Balance, March 31, 2021	$	6,024	$	(3,916)	$	(1,954)	$	154
Other comprehensive income	1,034		3,583		27		4,644
Balance, June 30, 2021	$	7,058	$	(333)	$	(1,927)	$	4,798

Balance, March 31, 2020	$	10,569	$	—	$	(1,700)	$	8,869
Other comprehensive income	127		—		23		150
Balance, June 30, 2020	$	10,696	$	—	$	(1,677)	$	9,019


(dollars in thousands)	Net Change in Unrealized Gains on Available-for- Sale Investment Securities		Net Change in Fair Value of Derivative Used for Cash Flow Hedge		Net Change in Unfunded Pension Liability		Accumulated Other Comprehensive Income (Loss)
Balance, December 31, 2020	$	10,954	$	—	$	(2,006)	$	8,948
Other comprehensive (loss) income	(3,896)		(333)		79		(4,150)
Balance, June 30, 2021	$	7,058	$	(333)	$	(1,927)	$	4,798

Balance, December 31, 2019	$	3,910	$	—	$	(1,723)	$	2,187
Other comprehensive income	6,786		—		46		6,832
Balance, June 30, 2020	$	10,696	$	—	$	(1,677)	$	9,019

The following table details the amounts reclassified from each component of accumulated other comprehensive income (loss) to each component’s applicable income statement line, for the three and six months ended June 30, 2021 and 2020:


	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)
Description of Accumulated Other Comprehensive Income (Loss) Component	Three Months Ended June 30,				Affected Income Statement Category
	2021		2020







Net unrealized losses on interest rate swaps used in cash flow hedges:
Reclassification adjustment for gains included in net income	$	(413)	$	—	Interest income
Income tax effect	87		—		Income tax expense
Net of income tax	$	(326)	$	—	Net income

Unfunded pension liability:
Amortization of net loss included in net periodic pension costs(1)	$	34	$	17	Other operating expenses
Income tax effect	(7)		(3)		Income tax expense
Net of income tax	$	27	$	14	Net income


	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)
Description of Accumulated Other Comprehensive Income (Loss) Component	Six Months Ended June 30,				Affected Income Statement Category
	2021		2020







Net unrealized losses on interest rate swaps used in cash flow hedges:
Reclassification adjustment for gains included in net income	$	(599)	$	—	Interest income
Income tax effect	126		—		Income tax expense
Net of income tax	$	(473)	$	—	Net income

Unfunded pension liability:
Amortization of net loss included in net periodic pension costs(1)	$	69	$	35	Other operating expenses
Income tax effect	(14)		(7)		Income tax expense
Net of income tax	$	55	$	28	Net income

(1) Accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost.