Comprehensive Income

3 Months Ended

Mar. 31, 2021

The components of other comprehensive income are as follows:


	For the Three Months Ended
	March 31, 2021						March 31, 2020
(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	$	(18,637)	$	5,502	$	(13,135)	$	9,796	$	(2,512)	$	7,284
Reclassification adjustment for net gains arising during the period	—		—		—		(342)		88		(254)
Net unrealized (losses) gains	(18,637)		5,502		(13,135)		9,454		(2,424)		7,030
Unrealized gains (losses) on derivatives	67		(20)		47		(478)		141		(337)

Other comprehensive (losses) income, net	$	(18,570)	$	5,482	$	(13,088)	$	8,976	$	(2,283)	$	6,693

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, 2021								For the Three Months Ended March 31, 2020
(in thousands)	Unrealized Gains (Losses) on Available for Sale Securities		Unrealized Gains on Derivatives		Pension Items		Total		Unrealized Gains on Available for Sale Securities		Unrealized Gains (Losses) on Derivatives		Pension Items		Total

Beginning balance	$	11,402	$	25	$	(30)	$	11,397	$	1,936	$	317	$	(5)	$	2,248
Other comprehensive (loss) income before classifications	(13,135)		47		—		(13,088)		7,284		(337)		—		6,947
Amounts reclassified from accumulated other comprehensive income	—		—		—		—		(254)		—		—		(254)
Net current period other comprehensive (loss) income	(13,135)		47		—		(13,088)		7,030		(337)		—		6,693
Ending balance	$	(1,733)	$	72	$	(30)	$	(1,691)	$	8,966	$	(20)	$	(5)	$	8,941