XML 47 R30.htm IDEA: XBRL DOCUMENT v3.20.4
Other Comprehensive Income (Loss)
 12 Months Ended
Dec. 31, 2020
Equity [Abstract]  
Other Comprehensive Income (Loss) Other Comprehensive Income (Loss)
The following table presents the components of other comprehensive income (loss) both gross and net of tax, for the years ended December 31, 2020, 2019 and 2018 (in thousands):
 For the Years Ended December 31,
 202020192018
 
Before
Tax
Tax
Effect
After
Tax
Before
Tax
Tax
Effect
After
Tax
Before
Tax
Tax
Effect
After
Tax
Components of Other Comprehensive Income ( Loss):
Unrealized losses on available for sale debt securities:
Net gains (losses) arising during the period$20,134 (5,190)14,944 24,987 (6,636)18,351 (8,425)2,296 (6,129)
Reclassification adjustment for gains included in net income— — — — — — — — — 
Total20,134 (5,190)14,944 24,987 (6,636)18,351 (8,425)2,296 (6,129)
Unrealized (losses) gains on derivatives (cash flow hedges)(7,099)1,830 (5,269)(780)201 (579)304 (83)221 
Amortization related to post-retirement obligations5,604 (1,445)4,159 (2,176)561 (1,615)1,678 (457)1,221 
Total other comprehensive income (loss)$18,639 (4,805)13,834 22,031 (5,874)16,157 (6,443)1,756 (4,687)

The following table presents the changes in the components of accumulated other comprehensive loss, net of tax, for the years ended December 31, 2020 and 2019 (in thousands):
 
Changes in Accumulated Other Comprehensive Income by Component, net of tax
For the Years Ended December 31,
20202019
Unrealized
Gains on
Available for Sale Debt Securities
Post-Retirement
Obligations		Unrealized Gains (Losses) 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
Income (Loss)
Balance at the beginning of the period$8,746 (5,240)315 3,821 (9,605)(3,625)894 (12,336)
Current period change in other comprehensive income (loss)14,944 4,159 (5,269)13,834 18,351 (1,615)(579)16,157 
Balance at the end of the period$23,690 (1,081)(4,954)17,655 8,746 (5,240)315 3,821 
The following table summarizes the reclassifications out of accumulated other comprehensive (loss) income for the years ended December 31, 2020, 2019 and 2018 (in thousands):
Reclassifications Out of Accumulated Other Comprehensive
Income (Loss)
Amount reclassified from AOCI for the years ended December 31,Affected line item in the Consolidated
Statement of Income
202020192018
Details of AOCI:
Available for sale debt securities:
Realized net gains on the sale of securities available for sale$— — — Net gain on securities transactions
— — — Income tax expense
— — — Net of tax
Post-retirement obligations:
Amortization of actuarial losses 448 189 399 
Compensation and employee benefits (1)
(115)(49)(109)Income tax expense
333 140 290 Net of tax
Total reclassifications$333 140 290 Net of tax
(1) This item is included in the computation of net periodic benefit cost. See Note 13. Benefit Plans