XML 27 R16.htm IDEA: XBRL DOCUMENT v3.22.1
Comprehensive (Loss) Income
 3 Months Ended
Mar. 31, 2022
Stockholders' Equity Note [Abstract]  
Comprehensive (Loss) Income

Note 7. Comprehensive (Loss) Income  

 

Total comprehensive (loss) 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) for the periods presented (dollars in thousands):

 

Details about Accumulated Other
Comprehensive Income Components		  Amounts Reclassified from Accumulated
Other Comprehensive Income		   Affected Line item in the
Consolidated Statements of Income
   Three Months Ended March 31,    
   2022   2021    
Net interest income on swaps  $(525)  $(631)  Interest expense
    147    177   Income tax expense
   $(378)  $(454)   
              
Amortization of pension plan net actuarial losses  $(16)  $(75)  Other components of net periodic pension expense
    4    20   Income tax expense
   $(12)  $(55)   
Total reclassification  $(390)  $(509)   

 

Accumulated other comprehensive (loss) as of March 31, 2022 and December 31, 2021 consisted of the following:

 

   March 31,
2022		   December 31, 2021 
   (dollars in thousands) 
Investment securities available-for-sale, net of tax  $(22,970)  $(484)
Cash flow hedge, net of tax   16,443    2,406 
Defined benefit pension and post-retirement plans, net of tax   (1,742)   (3,326)
Total  $(8,269)  $(1,404)