Change in Accumulated Other Comprehensive Income

9 Months Ended

Sep. 30, 2020

Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]

Change in Accumulated Other Comprehensive Income

NOTE 10. Change in Accumulated Other Comprehensive Income

Accumulated other comprehensive income includes unrealized gains and losses on available for sale securities and changes in benefit obligations and plan assets for the post retirement benefit plan.  Changes to accumulated other comprehensive income are presented net of their tax effect as a component of equity.  Reclassifications out of accumulated other comprehensive income are recorded in the Consolidated Statements of Income either as a gain or loss.

Changes to accumulated other comprehensive income by component are shown in the following tables for the periods indicated:

	Three Months Ended
	September 30,
	2020								2019
	Unrealized Gains and Losses on Available for Sale Securities			Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan		Total			Unrealized Gains and Losses on Available for Sale Securities			Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan		Total
	(dollars in thousands)								(dollars in thousands)
July 1	$	3,893		$	44	$	3,937		$	1,397		$	44	$	1,441
Other comprehensive (loss) income before reclassifications		(215	)		—		(215	)		267			—		267
Reclassifications		(158	)		—		(158	)		4			—		4
Tax effect of current period changes		78			—		78			(57	)		—		(57	)
Current period changes net of taxes		(295	)		—		(295	)		214			—		214
September 30	$	3,598		$	44	$	3,642		$	1,611		$	44	$	1,655

	Nine Months Ended
	September 30,
	2020								2019
	Unrealized Gains and Losses on Available for Sale Securities			Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan		Total			Unrealized Gains and Losses on Available for Sale Securities			Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan		Total
	(dollars in thousands)								(dollars in thousands)
January 1	$	1,438		$	44	$	1,482		$	(1,597	)	$	44	$	(1,553	)
Other comprehensive income before reclassifications		3,421			—		3,421			4,054			—		4,054
Reclassifications		(687	)		—		(687	)		7			—		7
Tax effect of current period changes		(574	)		—		(574	)		(853	)		—		(853	)
Current period changes net of taxes		2,160			—		2,160			3,208			—		3,208
September 30	$	3,598		$	44	$	3,642		$	1,611		$	44	$	1,655

For the three months ended September 30, 2020 and 2019, $158 thousand and ($4) thousand, respectively was reclassified out of accumulated other comprehensive income and appeared as a gain (loss) on sale of securities in the Consolidated Statements of Income. The tax related to these reclassifications was $33 thousand and ($1) thousand for the three months ended September 30, 2020 and 2019, respectively.  For the nine months ended September 30, 2020 and 2019, $687 thousand and $(7) thousand, respectively, was reclassified out of accumulated other comprehensive income and appeared as gain (loss) on sale of securities in the Consolidated Statements of Income. The tax related to these reclassifications was $144 thousand and ($2) thousand for the nine months ended September 30, 2020 and 2019, respectively.  The tax related to reclassifications is included in Income Tax Expense in the Consolidated Statements of Income.