Note 12 - Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2021

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

Note 12. Accumulated Other Comprehensive Income (Loss)

The following tables present the changes in accumulated other comprehensive income (loss) (“AOCI”), net of tax and by component, during the periods indicated:

	Three Months Ended September 30, 2021
	Unrealized Gains
	(Losses) on Available-
	for-Sale Securities			Employee Benefit Plans			Total
(Amounts in thousands)
Beginning balance	$	474		$	(3,039	)	$	(2,565	)
Other comprehensive loss before reclassifications		(164	)		(1	)		(165	)
Reclassified from AOCI		-			77			77
Other comprehensive loss income, net		(164	)		76			(88	)
Ending balance	$	310		$	(2,963	)	$	(2,653	)

	Three Months Ended September 30, 2020
	Unrealized Gains
	(Losses) on Available-
	for-Sale Securities			Employee Benefit Plans			Total
(Amounts in thousands)
Beginning balance	$	1,464		$	(2,572	)	$	(1,108	)
Other comprehensive loss before reclassifications		(213	)		1			(212	)
Reclassified from AOCI		-			76			76
Other comprehensive income, net		(213	)		77			(136	)
Ending balance	$	1,251		$	(2,495	)	$	(1,244	)

	Nine Months Ended September 30, 2021
	Unrealized Gains
	(Losses) on Available-
	for-Sale Securities			Employee Benefit Plans			Total
(Amounts in thousands)
Beginning balance	$	1,106		$	(3,029	)	$	(1,923	)
Other comprehensive loss before reclassifications		(796	)		(163	)		(959	)
Reclassified from AOCI		-			229			229
Other comprehensive loss, net		(796	)		66			(730	)
Ending balance	$	310		$	(2,963	)	$	(2,653	)

	Nine Months Ended September 30, 2020
	Unrealized Gains
	(Losses) on Available-
	for-Sale Securities			Employee Benefit Plans			Total
(Amounts in thousands)
Beginning balance	$	866		$	(2,372	)	$	(1,506	)
Other comprehensive income (loss)
before reclassifications		689			(352	)		337
Reclassified from AOCI		(304	)		229			(75	)
Other comprehensive income (loss), net		385			(123	)		262
Ending balance	$	1,251		$	(2,495	)	$	(1,244	)

The following table presents reclassifications out of AOCI, by component, during the periods indicated:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,					Income Statement
(Amounts in thousands)	2021		2020		2021		2020			Line Item Affected
Available-for-sale securities
Gain recognized	$	-	$	-	$	-	$	(385	)	Net loss on sale of securities
Reclassified out of AOCI, before tax		-		-		-		(385	)	Income before income taxes
Income tax expense		-		-		-		(81	)	Income tax expense
Reclassified out of AOCI, net of tax		-		-		-		(304	)	Net income
Employee benefit plans
Amortization of prior service cost	$	31	$	51	$	92	$	150		Salaries and employee benefits
Amortization of net actuarial benefit cost		65		46		197		140		Salaries and employee benefits
Reclassified out of AOCI, before tax		96		97		289		290		Income before income taxes
Income tax expense		20		21		61		61		Income tax expense
Reclassified out of AOCI, net of tax		76		76		228		229		Net income
Total reclassified out of AOCI, net of tax	$	76	$	76	$	228	$	(75	)	Net income

(1) Amortization is included in net periodic pension cost. See Note 10, "Employee Benefit Plans."