Stockholders' Equity

6 Months Ended

Jun. 30, 2020

Stockholders' Equity

Stockholders' Equity

(9)   Stockholders’ Equity

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, 2020 and 2019:

	Six Months Ended June 30, 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		3,888		107		3,995
Amounts reclassified from accumulated other comprehensive (loss) income		(6)		—		(6)
Current period other comprehensive income, before tax		3,882		107		3,989
Income tax expense		(815)		(23)		(838)
Current period other comprehensive income, net of tax		3,067		84		3,151
Balance at end of period	$	3,044	$	(3,648)	$	(604)

	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)

(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.