XML 39 R27.htm IDEA: XBRL DOCUMENT v3.20.2
Other Comprehensive Income (Loss) (Tables)
9 Months Ended
Sep. 30, 2020
Stockholders' Equity Note [Abstract]  
Schedule of activity in accumulated other comprehensive income (loss) and amounts reclassified out of each component of accumulated other comprehensive (loss) income
The following tables present reclassifications out of accumulated other comprehensive income (loss) for the three and nine month periods ended September 30, 2020 and 2019.
Three Months Ended September 30, 2020
(In thousands)Before-Tax
Amount
Tax (Expense)
Benefit
Net of Tax
Available-for-sale debt securities:
Change in net unrealized gain/loss during the period$(4,374)$1,071 $(3,303)
Reclassification adjustment for net realized gain on sale of available-for-sale debt securities included in net income
Net unrealized gains/losses(4,374)1,071 (3,303)
Employee benefit plans:
Amortization of net retirement plan actuarial gain593 (146)447 
Amortization of net retirement plan prior service cost53 (13)40 
Employee benefit plans646 (159)487 
Other comprehensive (loss) income$(3,728)$912 $(2,816)
 
Three Months Ended September 30, 2019
(In thousands)Before-Tax
Amount
Tax (Expense)
Benefit
Net of Tax
Available-for-sale debt securities:
Change in net unrealized gain/loss during the period$4,122 $(1,011)$3,111 
Reclassification adjustment for net realized gain on sale of available-for-sale debt securities included in net income(133)32 (101)
Net unrealized gains/losses3,989 (979)3,010 
Employee benefit plans:
Amortization of net retirement plan actuarial gain411 (101)310 
Amortization of net retirement plan prior service cost(1)
Employee benefit plans415 (102)313 
Other comprehensive income$4,404 $(1,081)$3,323 
Nine Months Ended September 30, 2020
(In thousands)Before-Tax
Amount
Tax (Expense)
Benefit
Net of Tax
Available-for-sale debt securities:
Change in net unrealized gain/loss during the period$24,592 $(6,029)$18,563 
Reclassification adjustment for net realized gain on sale of available-for-sale debt securities included in net income(429)105 (324)
Net unrealized gains/losses24,163 (5,924)18,239 
Employee benefit plans:
Amortization of net retirement plan actuarial loss1,775 (435)1,340 
Amortization of net retirement plan prior service cost160 (39)121 
Employee benefit plans1,935 (474)1,461 
Other comprehensive income$26,098 $(6,398)$19,700 
Nine Months Ended September 30, 2019
(In thousands)Before-Tax
Amount
Tax (Expense)
Benefit
Net of Tax
Available-for-sale debt securities:
Change in net unrealized gain/loss during the period$34,014 $(8,333)$25,681 
Reclassification adjustment for net realized gain on sale of available-for-sale debt securities included in net income(404)99 (305)
Net unrealized gains/losses33,610 (8,234)25,376 
Employee benefit plans:
Amortization of net retirement plan actuarial loss1,232 (302)930 
Amortization of net retirement plan prior service cost11 (3)
Employee benefit plans1,243 (305)938 
Other comprehensive income$34,853 $(8,539)$26,314 
The following table presents the activity in our accumulated other comprehensive income (loss) for the periods indicated:
 
(In thousands)Available-for-
Sale Debt Securities
Employee
Benefit Plans
Accumulated
Other
Comprehensive
(Loss) Income
Balance at July 1, 2020$25,581 $(46,629)$(21,048)
Other comprehensive (loss) income before reclassifications(3,303)(3,303)
Amounts reclassified from accumulated other comprehensive (loss) income487 487 
Net current-period other comprehensive (loss) income(3,303)487 (2,816)
Balance at September 30, 2020$22,278 $(46,142)$(23,864)
Balance at January 1, 2020$4,039 $(47,603)$(43,564)
Other comprehensive (loss) income before reclassifications18,563 18,563 
Amounts reclassified from accumulated other comprehensive (loss) income(324)1,461 1,137 
Net current-period other comprehensive income18,239 1,461 19,700 
Balance at September 30, 2020$22,278 $(46,142)$(23,864)

(In thousands)Available-for-
Sale Debit Securities
Employee
Benefit Plans
Accumulated
Other
Comprehensive
(Loss) Income
Balance at July 1, 2019$(1,223)$(38,951)$(40,174)
Other comprehensive income (loss) before reclassifications3,111 3,111 
Amounts reclassified from accumulated other comprehensive (loss) income(101)313 212 
Net current-period other comprehensive income3,010 313 3,323 
Balance at September 30, 2019$1,787 $(38,638)$(36,851)
Balance at January 1, 2019$(23,589)$(39,576)$(63,165)
Other comprehensive income (loss) before reclassifications25,681 25,681 
Amounts reclassified from accumulated other comprehensive (loss) income(305)938 633 
Net current-period other comprehensive income25,376 938 26,314 
Balance at September 30, 2019$1,787 $(38,638)$(36,851)
Schedule of reclassifications out of accumulated other comprehensive income (loss)
The following tables present the amounts reclassified out of each component of accumulated other comprehensive (loss) income for the three and nine months ended September 30, 2020 and 2019.

Three Months Ended September 30, 2020
Details about Accumulated other Comprehensive Income (Loss) Components (In thousands)
Amount
Reclassified from
Accumulated
Other
Comprehensive
(Loss) Income
1
Affected Line Item in the
Statement Where Net Income is
Presented
Available-for-sale debt securities:
Unrealized gains and losses on available-for-sale debt securities$Net gain on securities transactions
Tax expense
Net of tax
Employee benefit plans:
Amortization of the following 2
Net retirement plan actuarial loss(593)Other operating expense
Net retirement plan prior service cost(53)Other operating expense
(646)Total before tax
159 Tax benefit
$(487)Net of tax
 
Three Months Ended September 30, 2019
Details about Accumulated other Comprehensive Income (Loss) Components (In thousands)
Amount
Reclassified from
Accumulated
Other
Comprehensive
(Loss) Income
1
Affected Line Item in the
Statement Where Net Income is
Presented
Available-for-sale debt securities:
Unrealized gains and losses on available-for-sale debt securities$133 Net gain on securities transactions
(32)Tax expense
101 Net of tax
Employee benefit plans:
Amortization of the following2
Net retirement plan actuarial loss(411)Other operating expense
Net retirement plan prior service cost(4)Other operating expense
(415)Total before tax
102 Tax benefit
$(313)Net of tax
Nine Months Ended September 30, 2020
Details about Accumulated other Comprehensive Income (Loss) Components (In thousands)
Amount
Reclassified from
Accumulated
Other
Comprehensive
(Loss) Income
1
Affected Line Item in the
Statement Where Net Income is
Presented
Available-for-sale debt securities:
Unrealized gains and losses on available-for-sale debt securities$429 Net gain on securities transactions
(105)Tax expense
324 Net of tax
Employee benefit plans:
Amortization of the following2
Net retirement plan actuarial loss(1,775)Other operating expense
Net retirement plan prior service cost(160)Other operating expense
(1,935)Total before tax
474 Tax benefit
$(1,461)Net of tax
Nine Months Ended September 30, 2019
Details about Accumulated other Comprehensive Income (Loss) Components (In thousands)
Amount
Reclassified from
Accumulated
Other
Comprehensive
(Loss) Income
1
Affected Line Item in the
Statement Where Net Income is
Presented
Available-for-sale debt securities:
Unrealized gains and losses on available-for-sale debt securities$404 Net gain on securities transactions
(99)Tax expense
305 Net of tax
Employee benefit plans:
Amortization of the following2
Net retirement plan actuarial loss(1,232)Other operating expense
Net retirement plan prior service cost(11)Other operating expense
(1,243)Total before tax
305 Tax benefit
$(938)Net of tax
1 Amounts in parentheses indicated debits in income statement.
2 The accumulated other comprehensive (loss) income components are included in the computation of net periodic benefit cost (See Note 8 - “Employee Benefit Plan”).