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Comprehensive Income | 9 Months Ended
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Sep. 30, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Comprehensive Income | Note 7. Comprehensive Income Total comprehensive income includes all changes in equity during a period from transactions and other events and circumstances from non-owner sources. The Company’s other comprehensive income is comprised of unrealized holding gains and losses on securities available-for-sale, unrealized gains (losses) on cash flow hedges, obligations for defined benefit pension plan and an adjustment to reflect the curtailment of the Company’s defined benefit pension plan, each net of taxes. The following table represents the reclassification out of accumulated other comprehensive (loss) income for the periods presented:
Details about Accumulated Other Comprehensive Income Components |  | Amounts Reclassified from Accumulated Other Comprehensive Income |  | Affected Line item in the Statement Where Net Income is Presented
|  | Three Months Ended |  | Nine Months Ended |  |
|  | September 30, |  | September 30, |  |
|  | 2021 |  | 2020 |  | 2021 |  | 2020 |  |
Sale of investment securities |  | $ | - |  |  | $ | - |  |  | $ | 195 |  |  | $ | 29 |  |  | Net (losses) gains on sales of securities available-for-sale Income tax expense
available-for-sale |  |  | - |  |  |  | - |  |  |  | (48 | ) |  |  | (6 | ) |
|  | $ | - |  |  | $ | - |  |  | $ | 147 |  |  | $ | 23 |  |  |
Net interest income on swaps |  | $ | (328 | ) |  | $ | (631 | ) |  | $ | (1,543 | ) |  | $ | (942 | ) |  | Interest expense
|  |  | 90 |  |  |  | 196 |  |  |  | 434 |  |  |  | 265 |  |  | Income tax expense
|  | $ | (238 | ) |  | $ | (435 | ) |  | $ | (1,109 | ) |  | $ | (677 | ) |  |
Amortization of pension plan net |  | $ | (75 | ) |  | $ | (75 | ) |  | $ | (225 | ) |  | $ | (226 | ) |  | Other components of net periodic pension expense
actuarial losses |  |  | 21 |  |  |  | 21 |  |  |  | 63 |  |  |  | 63 |  |  | Income tax benefit
|  | $ | (54 | ) |  | $ | (54 | ) |  | $ | (162 | ) |  | $ | (163 | ) |  |
Total reclassification |  | $ | (292 | ) |  | $ | (489 | ) |  | $ | (1,124 | ) |  | $ | (817 | ) |  |
40 Table of Contents
CONNECTONE BANCORP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)
Note 7. Comprehensive Income – (continued) Accumulated other comprehensive income (loss) as of September 30, 2021 and December 31, 2020 consisted of the following:
|  | September 30, |  | December 31,
|  | 2021 |  | 2020
|  | (dollars in thousands)
Investment securities available-for-sale, net of tax |  | $ | 1,475 |  |  | $ | 7,859 |
Cash flow hedge, net of tax |  |  | 932 |  |  |  | (1,520 | )
Defined benefit pension plan, net of tax |  |  | (3,380 | ) |  |  | (3,542 | )
Total |  | $ | (973 | ) |  | $ | 2,797 |

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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=123367319&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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