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Comprehensive Income (Loss) (Tables)
12 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Components of Other Comprehensive Income
The following table shows the changes in the balances of each of the components of other comprehensive income for the periods presented.
 
 
Year Ended December 31, 2019
(in thousands)
 
Before
Tax Amount
 
Tax Benefit
(Expense)
 
Net of
Tax Amount
 
 
 
 
 
 
 
Unrealized holding gains on securities available for sale arising during the period
 
$
14,763

 
$
(4,045
)
 
$
10,718

Unrealized losses on derivatives
 
(828
)
 
242

 
(586
)
Change in pension liability, net
 
(64
)
 
18

 
(46
)
Other comprehensive income
 
$
13,871

 
$
(3,785
)
 
$
10,086

 
 
Year Ended December 31, 2018
(in thousands)
 
Before
Tax Amount
 
Tax Benefit
(Expense)
 
Net of
Tax Amount
 
 
 
 
 
 
 
Unrealized holding gains on securities available for sale arising during the period
 
$
(4,241
)
 
$
734

 
$
(3,507
)
Unrealized gains on derivatives
 
9

 
32

 
41

Change in pension liability, net
 
29

 
(9
)
 
20

Other comprehensive loss
 
$
(4,203
)
 
$
757

 
$
(3,446
)
 
 
Year Ended December 31, 2017
(in thousands)
 
Before
Tax Amount
 
Tax Benefit
(Expense)
 
Net of
Tax Amount
Unrealized losses on securities available for sale
 
 
 
 
 
 
Unrealized holding losses arising during period
 
$
(1,406
)
 
$
503

 
$
(903
)
Reclassification adjustment for securities gains included in net income
 
(2,524
)
 
884

 
(1,640
)
Net unrealized losses on available for sale securities
 
(3,930
)
 
1,387

 
(2,543
)
Unrealized gains on derivatives
 
57

 
(20
)
 
37

Change in pension liability, net
 
(27
)
 
11

 
(16
)
Other comprehensive loss
 
$
(3,900
)
 
$
1,378

 
$
(2,522
)

Summary of Changes in Accumulated Other Comprehensive Income
(in thousands, net of tax)
 
Unrealized
Gains (Losses)  on
Available-
for-Sale
Securities
 
Unrealized
Gains 
(Losses) on  Derivatives
 
Pension
Items
 
Total
 
 
 
Balance at of January 1, 2017
 
$
(117
)
 
$
672

 
$
38

 
$
593

Other comprehensive income (loss) before classifications
 
(903
)
 
37

 
(16
)
 
(882
)
Amounts reclassified from accumulated other comprehensive income
 
(1,640
)
 

 

 
(1,640
)
Net current period other comprehensive income (loss)
 
(2,543
)
 
37

 
(16
)
 
(2,522
)
Adjustment for implementation of ASU 2018-02
 
(572
)
 
153

 
(1
)
 
(420
)
Balance at December 31, 2017
 
$
(3,232
)
 
$
862

 
$
21

 
$
(2,349
)
 
 
 
 
 
 
 
 
 
Adjustment for implementation of ASU 2016-01
 
(2,043
)
 

 

 
(2,043
)
Adjusted balance as of January 1, 2018
 
(5,275
)
 
862

 
21

 
(4,392
)
 
 
 
 
 
 
 
 
 
Net current period other comprehensive income (loss)
 
(3,507
)
 
41

 
20

 
(3,446
)
Balance at December 31, 2018
 
$
(8,782
)
 
$
903

 
$
41

 
$
(7,838
)
 
 
 
 
 
 
 
 
 
Net current period other comprehensive income (loss)
 
10,718

 
(586
)
 
(46
)
 
10,086

Balance at December 31, 2019
 
$
1,936

 
$
317

 
$
(5
)
 
$
2,248