Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2021

The components of other comprehensive income are as follows:


	For the Three Months Ended
	September 30, 2021						September 30, 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 losses arising during period	$	(2,008)	$	504	$	(1,504)	$	(649)	$	73	$	(576)


Net gain on securities reclassified from available for sale to held to maturity	3,814		(1,030)		2,784		—		—		—
Amortization of gain on debt securities reclassified to held to maturity from available for sale	(158)		42		(116)		—		—		—
Unrealized gains on derivatives	8		(3)		5		51		(14)		37

Other comprehensive income (loss), net	$	1,656	$	(487)	$	1,169	$	(598)	$	59	$	(539)


	For the Nine Months Ended
	September 30, 2021						September 30, 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 (losses) gains arising during period	$	(10,916)	$	3,390	$	(7,526)	$	12,475	$	(3,255)	$	9,220
Reclassification adjustment for net gains arising during the period	—		—		—		(342)		88		(254)
Net unrealized (losses) gains	(10,916)		3,390		(7,526)		12,133		(3,167)		8,966
Net gain on securities reclassified from available for sale to held to maturity	3,814		(1,030)		2,784		—		—		—
Amortization of gain on debt securities reclassified to held to maturity from available for sale	(158)		42		(116)		—		—		—
Unrealized gains (losses) on derivatives	143		(168)		(25)		(477)		141		(336)

Other comprehensive (loss) income, net	$	(7,117)	$	2,234	$	(4,883)	$	11,656	$	(3,026)	$	8,630

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 September 30, 2021
(in thousands)	Unrealized Gains (Losses) on Available for Sale Securities		Amortization of Gain on Debt Securities Reclassified to Held to Maturity		Unrealized Gains (Losses) on Derivatives		Pension Items		Total

Beginning balance	$	5,380	$	—	$	(5)	$	(30)	$	5,345
Net unrealized gain on securities reclassified from available for sale to held to maturity	(2,784)		2,784		—		—		—


Net current period other comprehensive income (loss)	1,280		(116)		5		—		1,169
Ending balance	$	3,876	$	2,668	$	—	$	(30)	$	6,514


For the Three Months Ended September 30, 2020
(in thousands)	Unrealized Gains (Losses) on Available for Sale Securities		Unrealized Gains (Losses) on Derivatives		Pension Items		Total

Beginning balance	$	11,478	$	(56)	$	(5)	$	11,417
Net current period other comprehensive (loss) income	(576)		37		—		(539)


Ending balance	$	10,902	$	(19)	$	(5)	$	10,878


For the Nine Months Ended September 30, 2021
(in thousands)	Unrealized Gains (Losses) on Available for Sale Securities		Amortization of Gain on Debt Securities Reclassified to Held to Maturity		Unrealized Gains (Losses) on Derivatives		Pension Items		Total

Beginning balance	$	11,402	$	—	$	25	$	(30)	$	11,397
Net unrealized gain on securities reclassified from available for sale to held to maturity	(2,784)		2,784		—		—		—
Net current period other comprehensive loss	(4,742)		(116)		(25)		—		(4,883)


Ending balance	$	3,876	$	2,668	$	—	$	(30)	$	6,514


For the Nine Months Ended September 30, 2020
(in thousands)	Unrealized Gains (Losses) on Available for Sale Securities		Unrealized Gains (Losses) on Derivatives		Pension Items		Total

Beginning balance	$	1,936	$	317	$	(5)	$	2,248
Other comprehensive income (loss) before classifications	9,220		(336)		—		8,884
Amounts reclassified from accumulated other comprehensive income	(254)		—		—		(254)
Net current period other comprehensive income (loss)	8,966		(336)		—		8,630
Ending balance	$	10,902	$	(19)	$	(5)	$	10,878