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OTHER COMPREHENSIVE (LOSS) INCOME (Tables)
 9 Months Ended
Sep. 30, 2021
Statement of Other Comprehensive Income [Abstract]  
Schedule of Accumulated Other Comprehensive Income [Table Text Block]

The following table presents changes in accumulated other comprehensive (loss) income for the quarters and nine-month periods ended September 30, 2021 and 2020:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Changes in Accumulated Other Comprehensive (Loss) Income by Component (1)

 

 

Quarter Ended

 

Nine-Month Period Ended

 

 

September 30,

 

September 30,

 

September 30,

 

September 30,

 

 

2021

 

2020

 

2021

 

2020

(In thousands)

 

 

Unrealized net holding (losses) gains on debt securities:

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

(14,708)

 

$

53,270

 

$

55,725

 

$

6,764

 

Other comprehensive (loss) income

 

(18,740)

 

 

(7,943)

 

 

(89,173)

 

 

38,563

 

Ending balance

$

(33,448)

 

$

45,327

 

$

(33,448)

 

$

45,327

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjustment of pension and postretirement benefit plans:

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

(270)

 

$

-

 

$

(270)

 

$

-

 

Other comprehensive income (loss)

 

-

 

 

-

 

 

-

 

 

-

 

Ending balance

$

(270)

 

$

-

 

$

(270)

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

All amounts presented are net of tax.

 

 

 

 

 

 

 

 

 

 

 
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]

The following table presents the amounts reclassified out of each component of accumulated other comprehensive (loss) income during the quarters and nine-month periods ended September 30, 2021 and 2020:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reclassifications Out of Accumulated Other Comprehensive (Loss) Income

 

 

 

 

 

Quarter Ended

 

Nine-Month Period Ended

 

 

 

 

 

September 30,

 

September 30,

 

 

Affected Line Item in the Consolidated Statements of Income

 

2021

 

2020

 

2021

 

2020

(In thousands)

 

 

 

 

 

Unrealized net holding gains (losses)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

on debt securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Realized gain on sale of debt securities

Net gain on sales of investment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

securities

 

$

-

 

$

(5,288)

 

$

-

 

$

(13,380)

 

Provision for credit losses -

Provision for credit losses -

 

 

 

 

 

 

 

 

 

 

 

 

 

(benefit) expense

 

(benefit) expense

 

 

(9)

 

 

-

 

 

(136)

 

 

1,631

 

 

Total before tax

 

 

(9)

 

 

(5,288)

 

 

(136)

 

 

(11,749)

 

 

Income tax expense (benefit)

 

 

-

 

 

-

 

 

-

 

 

-

 

 

Total, net of tax

 

$

(9)

 

$

(5,288)

 

$

(136)

 

$

(11,749)