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Comprehensive Income (Tables)
3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
Summary of Changes in Components of Other Comprehensive Income, Net of Tax
The components of other comprehensive income (loss) are as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Three Months Ended
 
March 31, 2020
 
March 31, 2019
(in thousands)
Before Tax Amount
 
Tax Benefit (Expense)
 
Net of Tax Amount
 
Before Tax Amount
 
Tax Benefit
(Expense)
 
Net of Tax Amount
Net unrealized gains (losses) on available for sale securities:
 
 
 
 
 
 
 
 
 
 
 
Net unrealized holding gains arising during period
$
9,796

 
$
(2,512
)
 
$
7,284

 
$
6,109

 
$
(1,746
)
 
$
4,363

Reclassification adjustment for net gains arising during the period
(342
)
 
88

 
(254
)
 

 

 

Net unrealized gains
9,454

 
(2,424
)
 
7,030

 
6,109

 
(1,746
)
 
4,363

Unrealized losses on derivatives
(478
)
 
141

 
(337
)
 
(271
)
 
57

 
(214
)
Other comprehensive income, net
$
8,976

 
$
(2,283
)
 
$
6,693

 
$
5,838

 
$
(1,689
)
 
$
4,149

The following tables show the changes in the balances of each of the components of other comprehensive income for the periods presented, net of tax:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Three Months Ended March 31, 2020
 
For the Three Months Ended March 31, 2019
(in thousands)
Unrealized Gains
(Losses) on
Available for  Sale
Securities
 
Unrealized
Gains (Losses)
on Derivatives
 
Pension Items
 
Total
 
Unrealized Losses on
Available for  Sale
Securities
 
Unrealized
Gains 
on Derivatives
 
Pension Items
 
Total
Beginning balance
$
1,936

 
$
317

 
$
(5
)
 
$
2,248

 
$
(8,782
)
 
$
903

 
$
41

 
$
(7,838
)
Other comprehensive income (loss) before classifications
7,284

 
(337
)
 

 
6,947

 
4,363

 
(214
)
 

 
4,149

Amounts reclassified from accumulated other comprehensive income
(254
)
 

 

 
(254
)
 

 

 

 

Net current period other comprehensive income (loss)
7,030

 
(337
)
 

 
6,693

 
4,363

 
(214
)
 

 
4,149

Ending balance
$
8,966

 
$
(20
)
 
$
(5
)
 
$
8,941

 
$
(4,419
)
 
$
689

 
$
41

 
$
(3,689
)