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Comprehensive Income (Tables)
12 Months Ended
Dec. 31, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Comprehensive Income (Loss) [Table Text Block]

Total comprehensive income includes all changes in equity during a period from transactions and other events and circumstances from nonowner sources. The Company’s other comprehensive income (loss) is comprised of unrealized holding gains and losses on securities available-for-sale, obligations for defined benefit pension plan and an adjustment to reflect the curtailment of the Company’s defined benefit pension plan, net of taxes.

Details about Accumulated Other

Comprehensive Income (Loss) Components

Amounts Reclassified from Accumulated

Other Comprehensive Income (Loss)

Affected Line Item in the

Consolidated

Statements of Income

Year ended

December 31,

(dollars in thousands)

2019

2018

2017

Sale of investment securities available-for-sale

$

(280)

$

-

$

1,596

Net (losses) gains on sale of securities available-for-sale

 

79

 

-

 

(579)

Income tax benefit (expense)

(201)

-

1,017

Net interest income (expense) on swaps

677

464

(406)

Interest expense

 

(190)

 

(130)

 

166

Income tax expense (benefit)

487

334

(240)

Amortization of pension plan net actuarial losses

(358)

(359)

(412)

Other components of net periodic pension expense

 

101

 

101

 

169

Income tax benefit

 

(257)

 

(258)

 

(243)

Total reclassification

$

29

$

76

$

534

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

Accumulated other comprehensive loss at December 31, 2019 and 2018 consisted of the following:

 

 

2019

 

 

2018

 

 

 

(dollars in thousands)

 

Investment securities available-for-sale, net of tax

 

$

2,724

 

 

$

(5,841)

 

Cash flow hedge, net of tax

 

 

(193)

 

 

 

837

 

Defined benefit pension and post-retirement plans, net of tax

 

 

(3,678)

 

 

 

(3,785)

 

Total

 

$

(1,147)

 

 

$

(8,789)