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Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2019
Stockholders' Equity  
Schedule of the change in the components of the accumulated other comprehensive loss

The following details the change in the components of the Company’s accumulated other comprehensive loss for the six months ended June 30, 2019 and 2018:

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2019

 

 

 

 

 

 

 

 

Accumulated

 

 

 

 

 

Unrecognized Net

 

Other

 

 

Unrealized

 

Pension and

 

Comprehensive

 

 

Gain (Loss)

 

Postretirement

 

(Loss)

(in thousands)

    

on Securities (1)

    

Costs (2)

    

Income

Balance at beginning of period

 

$

(3,455)

 

$

(2,644)

 

$

(6,099)

Other comprehensive income, before reclassifications

 

 

3,895

 

 

39

 

 

3,934

Amounts reclassified from accumulated other comprehensive (loss) income

 

 

 —

 

 

 —

 

 

 —

Current period other comprehensive income, before tax

 

 

3,895

 

 

39

 

 

3,934

Income tax expense

 

 

(818)

 

 

(8)

 

 

(826)

Current period other comprehensive income, net of tax

 

 

3,077

 

 

31

 

 

3,108

Balance at end of period

 

$

(378)

 

$

(2,613)

 

$

(2,991)

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrecognized Net

 

Accumulated

 

 

Unrealized

 

Pension and

 

Other

 

 

Gain (Loss)

 

Postretirement

 

Comprehensive

(in thousands)

    

on Securities (1)

    

Costs (2)

    

Loss

Balance at beginning of period

 

$

(2,500)

 

$

(3,162)

 

$

(5,662)

Other comprehensive (loss) income, before reclassifications

 

 

(2,730)

 

 

108

 

 

(2,622)

Amounts reclassified from accumulated other comprehensive (loss) income

 

 

 —

 

 

 —

 

 

 —

Current period other comprehensive (loss) income, before tax

 

 

(2,730)

 

 

108

 

 

(2,622)

Income tax benefit (expense)

 

 

573

 

 

(23)

 

 

550

Current period other comprehensive (loss) income, net of tax

 

 

(2,157)

 

 

85

 

 

(2,072)

Balance at end of period

 

$

(4,657)

 

$

(3,077)

 

$

(7,734)


(1)

The pre-tax amounts reclassified from accumulated other comprehensive loss are included in gain on sale of investment securities in the consolidated statements of income.

(2)

The pre-tax amounts reclassified from accumulated other comprehensive loss are included in the computation of net periodic pension cost.