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Other Comprehensive Income | 9 Months Ended
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Sep. 30, 2020
Equity [Abstract] |
Other Comprehensive Income | Other Comprehensive Income The following table presents the components of other comprehensive income, both gross and net of tax, for the three and nine months ended September 30, 2020 and 2019 (in thousands):
|  | Three months ended September 30,
|  | 2020 |  | 2019
|  | Before Tax |  | Tax Effect |  | After Tax |  | Before Tax |  | Tax Effect |  | After Tax
Components of Other Comprehensive Income: |  |  |  |  |  |  |  |  |  |  |  |
Unrealized gains and losses on available for sale debt securities: |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized (losses) gains arising during the period |  | $ | (578) |  |  | 150 |  |  | (428) |  |  | 3,594 |  |  | (980) |  |  | 2,614 |
Reclassification adjustment for gains included in net income |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | (578) |  |  | 150 |  |  | (428) |  |  | 3,594 |  |  | (980) |  |  | 2,614 |
Unrealized gains on derivatives (cash flow hedges) |  | 1,186 |  |  | (306) |  |  | 880 |  |  | 188 |  |  | (51) |  |  | 137 |
Amortization related to post-retirement obligations |  | 115 |  |  | (30) |  |  | 85 |  |  | 48 |  |  | (13) |  |  | 35 |
Total other comprehensive income |  | $ | 723 |  |  | (186) |  |  | 537 |  |  | 3,830 |  |  | (1,044) |  |  | 2,786 |
|  | Nine months ended September 30,
|  | 2020 |  | 2019
|  | Before Tax |  | Tax Effect |  | After Tax |  | Before Tax |  | Tax Effect |  | After Tax
Components of Other Comprehensive Income: |  |  |  |  |  |  |  |  |  |  |  |
Unrealized gains and losses on available for sale debt securities: |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized gains arising during the period |  | $ | 20,733 |  |  | (5,345) |  |  | 15,388 |  |  | 27,291 |  |  | (7,437) |  |  | 19,854 |
Reclassification adjustment for gains included in net income |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | 20,733 |  |  | (5,345) |  |  | 15,388 |  |  | 27,291 |  |  | (7,437) |  |  | 19,854 |
Unrealized losses on derivatives (cash flow hedges) |  | (8,242) |  |  | 2,125 |  |  | (6,117) |  |  | (1,119) |  |  | 306 |  |  | (813) |
Amortization related to post-retirement obligations |  | 322 |  |  | (83) |  |  | 239 |  |  | 78 |  |  | (21) |  |  | 57 |
Total other comprehensive income |  | $ | 12,813 |  |  | (3,303) |  |  | 9,510 |  |  | 26,250 |  |  | (7,152) |  |  | 19,098 |
The following tables present the changes in the components of accumulated other comprehensive income, net of tax, for the three and nine months ended September 30, 2020 and 2019 (in thousands):
|  | Changes in Accumulated Other Comprehensive Income (Loss) by Component, net of tax for the three months ended September 30,
|  | 2020 |  | 2019
|  | Unrealized Gains (Losses) on Available for Sale Debt Securities |  | Post- Retirement Obligations |  | Unrealized (Losses) Gains on Derivatives (cash flow hedges) |  | Accumulated Other Comprehensive Income |  | Unrealized Gains on Available for Sale Debt Securities |  | Post- Retirement Obligations |  | Unrealized Gains (Losses) on Derivatives (cash flow hedges) |  | Accumulated Other Comprehensive(Loss) Income
Balance at June 30, |  | $ | 24,562 |  |  | (5,086) |  |  | (6,682) |  |  | 12,794 |  |  | 7,635 |  |  | (3,603) |  |  | (56) |  |  | 3,976 |
Current - period other comprehensive income |  | (428) |  |  | 85 |  |  | 880 |  |  | 537 |  |  | 2,614 |  |  | 35 |  |  | 137 |  |  | 2,786 |
Balance at September 30, |  | $ | 24,134 |  |  | (5,001) |  |  | (5,802) |  |  | 13,331 |  |  | 10,249 |  |  | (3,568) |  |  | 81 |  |  | 6,762 |
|  | Changes in Accumulated Other Comprehensive Income (Loss) by Component, net of tax for the nine months ended September 30,
|  | 2020 |  | 2019
|  | Unrealized Gains on Available for Sale Debt Securities |  | Post- Retirement Obligations |  | Unrealized (Losses) Gains on Derivatives (cash flow hedges) |  | Accumulated Other Comprehensive Income |  | Unrealized Gains (Losses) on Available for Sale Debt Securities |  | Post- Retirement Obligations |  | Unrealized Gains (Losses) on Derivatives (cash flow hedges) |  | Accumulated Other Comprehensive(Loss) Income
Balance at December 31, |  | $ | 8,746 |  |  | (5,240) |  |  | 315 |  |  | 3,821 |  |  | (9,605) |  |  | (3,625) |  |  | 894 |  |  | (12,336) |
Current - period other comprehensive income |  | 15,388 |  |  | 239 |  |  | (6,117) |  |  | 9,510 |  |  | 19,854 |  |  | 57 |  |  | (813) |  |  | 19,098 |
Balance at September 30, |  | $ | 24,134 |  |  | (5,001) |  |  | (5,802) |  |  | 13,331 |  |  | 10,249 |  |  | (3,568) |  |  | 81 |  |  | 6,762 |
The following tables summarize the reclassifications from accumulated other comprehensive income (loss) to the consolidated statements of income for the three and nine months ended September 30, 2020 and 2019 (in thousands):
|  | Reclassifications From Accumulated Other Comprehensive Income ("AOCI")
|  | Amount reclassified from AOCI for the three months ended September 30, |  | Affected line item in the Consolidated Statement of Income
|  | 2020 |  | 2019 |
Details of AOCI: |  |  |  |  |  |
Post-retirement obligations: |  |  |  |  |  |
Amortization of actuarial losses |  | $ | 112 |  |  | 48 |  |  | Compensation and employee benefits (1)
|  | (27) |  |  | (13) |  |  | Income tax expense
Total reclassification |  | $ | 85 |  |  | 35 |  |  | Net of tax
|  | Reclassifications From Accumulated Other Comprehensive Income ("AOCI")
|  | Amount reclassified from AOCI for the nine months ended September 30, |  | Affected line item in the Consolidated Statement of Income
|  | 2020 |  | 2019 |
Details of AOCI: |  |  |  |  |  |
Post-retirement obligations: |  |  |  |  |  |
Amortization of actuarial losses |  | $ | 336 |  |  | 142 |  |  | Compensation and employee benefits (1)
|  | (97) |  |  | (39) |  |  | Income tax expense
Total reclassification |  | $ | 239 |  |  | 103 |  |  | Net of tax
(1) This item is included in the computation of net periodic benefit cost. See Note 6. Components of Net Periodic Benefit Cost.

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
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