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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2020
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 three months ended March 31, 2020 and 2019:

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2020

 

 

 

 

 

 

 

 

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

 

$

(23)

 

$

(3,732)

 

$

(3,755)

Other comprehensive income, before reclassifications

 

 

2,760

 

 

67

 

 

2,827

Amounts reclassified from accumulated other comprehensive (loss) income

 

 

 —

 

 

 —

 

 

 —

Current period other comprehensive income, before tax

 

 

2,760

 

 

67

 

 

2,827

Income tax expense

 

 

(580)

 

 

(14)

 

 

(594)

Current period other comprehensive income, net of tax

 

 

2,180

 

 

53

 

 

2,233

Balance at end of period

 

$

2,157

 

$

(3,679)

 

$

(1,522)

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2019

 

 

 

 

 

Unrecognized Net

 

Accumulated

 

 

Unrealized

 

Pension and

 

Other

 

 

Gain (Loss)

 

Postretirement

 

Comprehensive

(in thousands)

    

on Securities (1)

    

Costs (2)

    

Loss

Balance at beginning of period

 

$

(3,455)

 

$

(2,644)

 

$

(6,099)

Other comprehensive income, before reclassifications

 

 

1,745

 

 

19

 

 

1,764

Amounts reclassified from accumulated other comprehensive income

 

 

 —

 

 

 —

 

 

 —

Current period other comprehensive income, before tax

 

 

1,745

 

 

19

 

 

1,764

Income tax benefit

 

 

(367)

 

 

(4)

 

 

(371)

Current period other comprehensive income, net of tax

 

 

1,378

 

 

15

 

 

1,393

Balance at end of period

 

$

(2,077)

 

$

(2,629)

 

$

(4,706)


(1)

The pre-tax amounts reclassified from accumulated other comprehensive loss are included in investment securities (loss) gain, net 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.