Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2020

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Comprehensive Income (Loss)

Comprehensive income (loss) is defined as the change in equity during a period for non-owner transactions and is divided into net income (loss) and other comprehensive income (loss). Other comprehensive income (loss) includes revenues, expenses, gains, and losses that are excluded from earnings under current accounting standards. The components of accumulated other comprehensive income (loss) for the Company are as follows:

($ in thousands)	March 31, 2020			December 31, 2019
Unrealized gain (loss) on securities available for sale	$	30,508		9,743
Deferred tax asset (liability)	(7,011		)	(2,239	)
Net unrealized gain (loss) on securities available for sale	23,497			7,504
Postretirement plans asset (liability)	(2,913		)	(3,092	)
Deferred tax asset (liability)	669			711
Net postretirement plans asset (liability)	(2,244		)	(2,381	)
Total accumulated other comprehensive income (loss)	$	21,253		5,123

The following table discloses the changes in accumulated other comprehensive income (loss) for the three months ended March 31, 2020 (all amounts are net of tax).

($ in thousands)	Unrealized Gain (Loss) on Securities Available for Sale		Postretirement Plans Asset (Liability)		Total
Beginning balance at January 1, 2020	$	7,504	(2,381	)	5,123
Other comprehensive income (loss) before reclassifications	15,993		—		15,993
Amounts reclassified from accumulated other comprehensive income	—		137		137
Net current-period other comprehensive income (loss)	15,993		137		16,130
Ending balance at March 31, 2020	$	23,497	(2,244	)	21,253

The following table discloses the changes in accumulated other comprehensive income (loss) for the three months ended March 31, 2019 (all amounts are net of tax).

($ in thousands)	Unrealized Gain (Loss) on Securities Available for Sale			Postretirement Plans Asset (Liability)		Total
Beginning balance at January 1, 2019	$	(9,494	)	(2,467	)	(11,961	)
Other comprehensive income (loss) before reclassifications	4,523			—		4,523
Amounts reclassified from accumulated other comprehensive income	—			174		174
Net current-period other comprehensive income (loss)	4,523			174		4,697
Ending balance at March 31, 2019	$	(4,971	)	(2,293	)	(7,264	)

Amounts reclassified from accumulated other comprehensive income for Unrealized Gain (Loss) on Securities Available for Sale represent realized securities gains or losses, net of tax effects. Amounts reclassified from accumulated other comprehensive income for Postretirement Plans Asset (Liability) represent amortization of amounts included in Accumulated Other Comprehensive Income, net of taxes, and are recorded in the "Other operating expenses" line item of the Consolidated Statements of Income.