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Other Comprehensive Income (Tables)
6 Months Ended
Jun. 30, 2020
Other Comprehensive Income [Abstract]  
Schedule of Accumulated Other Comprehensive Income

Balance at March 31, 2020

Net Change

Balance at June 30, 2020

(in thousands)

Net unrealized gain on investment securities

$

2,357

$

1,188

$

3,545

Net defined benefit pension plan adjustments

(3,018)

90

(2,928)

Total

$

(661)

$

1,278

$

617

Balance at March 31, 2019

Net Change

Balance at June 30, 2019

(in thousands)

Net unrealized (loss) gain on investment securities

$

(1,045)

$

1,471

$

426

Net defined benefit pension plan adjustments

(2,938)

67

(2,871)

Total

$

(3,983)

$

1,538

$

(2,445)

Balance at December 31, 2019

Net Change

Balance at June 30, 2020

(in thousands)

Net unrealized gain on investment securities

$

522

$

3,023

$

3,545

Net defined benefit pension plan adjustments

(3,105)

177

(2,928)

Total

$

(2,583)

$

3,200

$

617

Balance at December 31, 2018

Net Change

Balance at June 30, 2019

(in thousands)

Net unrealized (loss) gain on investment securities

$

(2,348)

$

2,774

$

426

Net defined benefit pension plan adjustments

(3,005)

134

(2,871)

Total

$

(5,353)

$

2,908

$

(2,445)

Components Of Other Comprehensive Income

Three months ended June 30, 2020

Three months ended June 30, 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

$

1,603 

$

(415)

$

1,188 

$

1,984 

$

(513)

$

1,471 

Defined benefit pension plan

adjustments:

Reclassifications from accumulated other

comprehensive income for gains

Amortization of prior service cost

8 

(2)

6 

8 

(3)

5 

Amortization of actuarial loss

113 

(29)

84 

83 

(21)

62 

Net change

121 

(31)

90 

91 

(24)

67 

Other comprehensive income

$

1,724 

$

(446)

$

1,278 

$

2,075 

$

(537)

$

1,538 

Six months ended June 30, 2020

Six months ended June 30, 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 (loss) on investment

securities:

Unrealized gain (loss) on investment

securities

$

4,078 

$

(1,055)

$

3,023 

$

3,746 

$

(972)

$

2,774 

Defined benefit pension plan

adjustments:

Reclassifications from accumulated other

comprehensive income for gains

Amortization of prior service cost

16 

(5)

11 

16 

(5)

11 

Amortization of actuarial loss

226 

(60)

166 

166 

(43)

123 

Net change

242 

(65)

177 

182 

(48)

134 

Other comprehensive income (loss)

$

4,320 

$

(1,120)

$

3,200 

$

3,928 

$

(1,020)

$

2,908