Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2022

Summary of Changes in Components of Other Comprehensive Income, Net of Tax

The components of other comprehensive income are as follows:


	For the Three Months Ended
	June 30, 2022						June 30, 2021
(in thousands)	Before Tax Amount		Tax Benefit (Expense)		Net of Tax Amount		Before Tax Amount		Tax Benefit (Expense)		Net of Tax Amount
Unrealized (losses) gains on available for sale securities arising during the period:	$	(26,758)	$	7,070	$	(19,688)	$	9,738	$	(2,619)	$	7,119
Reclassification adjustment for securities gains arising during the period	—		—		—		(9)		3		(6)
Net unrealized (losses) gains	(26,758)		7,070		(19,688)		9,729		(2,616)		7,113

Amortization of gain on debt securities reclassified to held to maturity from available for sale	(203)		55		(148)		—		—		—
Unrealized gains on derivatives	—		—		—		68		(145)		(77)

Other comprehensive (loss) gains, net	$	(26,961)	$	7,125	$	(19,836)	$	9,797	$	(2,761)	$	7,036


	For the Six Months Ended
	June 30, 2022						June 30, 2021
(in thousands)	Before Tax Amount		Tax Benefit (Expense)		Net of Tax Amount		Before Tax Amount		Tax Benefit (Expense)		Net of Tax Amount
Unrealized losses on available for sale securities arising during the period:	$	(68,722)	$	18,069	$	(50,653)	$	(8,899)	$	2,883	$	(6,016)
Reclassification adjustment for securities gains arising during the period	—		—		—		(9)		3		(6)
Net unrealized losses	(68,722)		18,069		(50,653)		(8,908)		2,886		(6,022)

Amortization of gain on debt securities reclassified to held to maturity from available for sale	(379)		96		(283)		—		—		—
Unrealized gains on derivatives	—		—		—		135		(165)		(30)

Other comprehensive loss, net	$	(69,101)	$	18,165	$	(50,936)	$	(8,773)	$	2,721	$	(6,052)

The following tables show the changes in the balances of each of the components of other comprehensive income (loss) for the periods presented, net of tax:


	For the Three Months Ended June 30, 2022
(in thousands)	Unrealized Gains (Losses) on Available for Sale Securities		Amortization of Gain on Debt Securities Reclassified to Held to Maturity		Total
Beginning balance	$	(30,220)	$	2,384	$	(27,836)

Net current period other comprehensive loss	(19,688)		(148)		(19,836)


Ending balance	$	(49,908)	$	2,236	$	(47,672)


	For the Three Months Ended June 30, 2021
(in thousands)	Unrealized Gains (Losses) on Available for Sale Securities		Unrealized Gains (Losses) on Derivatives		Pension Items		Total
Beginning balance	$	(1,733)	$	72	$	(30)	$	(1,691)
Net current period other comprehensive income (loss)	7,119		(77)		—		7,042
Amounts reclassified from accumulated other comprehensive income	(6)		—		—		(6)
Net current period other comprehensive income (loss)	7,113		(77)		—		7,036
Ending balance	$	5,380	$	(5)	$	(30)	$	5,345


	For the Six Months Ended June 30, 2022
(in thousands)	Unrealized Gains (Losses) on Available for Sale Securities		Amortization of Gain on Debt Securities Reclassified to Held to Maturity		Total
Beginning balance	$	745	$	2,519	$	3,264

Net current period other comprehensive loss	(50,653)		(283)		(50,936)


Ending balance	$	(49,908)	$	2,236	$	(47,672)


	For the Six Months Ended June 30, 2021
(in thousands)	Unrealized Gains (Losses) on Available for Sale Securities		Unrealized Gains (Losses) on Derivatives		Pension Items		Total
Beginning balance	$	11,402	$	25	$	(30)	$	11,397
Net current period other comprehensive loss	(6,016)		(30)		—		(6,046)
Amounts reclassified from accumulated other comprehensive income	(6)		—		—		(6)
Net current period other comprehensive loss	(6,022)		(30)		—		(6,052)
Ending balance	$	5,380	$	(5)	$	(30)	$	5,345