Other Comprehensive Income

3 Months Ended

Mar. 31, 2020

Other Comprehensive Income [Abstract]

Other Comprehensive Income

6. OTHER COMPREHENSIVE INCOME

The following tables summarize the changes in the components of accumulated other comprehensive income during the three months ended March 31, 2020 and 2019:

	Balance at December 31, 2019		Net Change		Balance at March 31, 2020
	(in thousands)
Net unrealized gain on investment securities	$	522	$	1,835	$	2,357
Net defined benefit pension plan adjustments		(3,105)		87		(3,018)
Total	$	(2,583)	$	1,922	$	(661)
	Balance at December 31, 2018		Net Change		Balance at March 31, 2019
	(in thousands)
Net unrealized (loss) gain on investment securities	$	(2,348)	$	1,303	$	(1,045)
Net defined benefit pension plan adjustments		(3,005)		67		(2,938)
Total	$	(5,353)	$	1,370	$	(3,983)

	Three months ended March 31, 2020						Three months ended March 31, 2019
	(in thousands)						(in thousands)
	Before-Tax Amount		Income Tax (Provision) Benefit		Net-of-Tax Amount		Before-Tax Amount		Income Tax (Provision) Benefit		Net-of-Tax Amount
Unrealized gain on investment
securities:
Unrealized gain on investment
securities	$	2,475	$	(640)	$	1,835	$	1,761	$	(458)	$	1,303
Defined benefit pension plan
adjustments:
Reclassifications from accumulated other
comprehensive income for gains
Amortization of prior service cost (a)	$	8	$	(3)	$	5	$	8	$	(2)	$	6
Amortization of actuarial loss (a)		113		(31)		82		83		(22)		61
Net change		121		(34)		87		91		(24)		67
Other comprehensive income	$	2,596	$	(674)	$	1,922	$	1,852	$	(482)	$	1,370

(a) Included in net periodic pension cost, as described in Note 9 – “Net Periodic Benefit Costs”