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Accumulated Other Comprehensive Income (Loss) (Tables) | 12 Months Ended
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Dec. 31, 2019
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract] |
Components of Other Comprehensive Income (Loss) | The following table presents the components of other comprehensive income (loss) for the years ended December 31 (in thousands):
|  | Pre-tax Amount |  |  | Tax Effect |  |  | Net-of-tax Amount |
2019 |  |  |  |  |  |  |  |  |  |  |  |
Securities available for sale and transferred securities: |  |  |  |  |  |  |  |  |  |  |  |
Change in unrealized gain (loss) during the year |  | $ | 13,648 |  |  | $ | 3,456 |  |  | $ | 10,192 |
Reclassification adjustment for net gains included in net income (1) |  |  | (1,176 | ) |  |  | (307 | ) |  |  | (869 | )
Total securities available for sale and transferred securities |  |  | 12,472 |  |  |  | 3,149 |  |  |  | 9,323 |
Hedging derivative instruments: |  |  |  |  |  |  |  |  |  |  |  |
Change in unrealized gain (loss) during the year |  |  | (327 | ) |  |  | (85 | ) |  |  | (242 | )
Pension and post-retirement obligations: |  |  |  |  |  |  |  |  |  |  |  |
Net actuarial gain (loss) arising during the year |  |  | (879 | ) |  |  | (303 | ) |  |  | (576 | )
Amortization of net actuarial loss and prior service cost included in income |  |  | 1,398 |  |  |  | 352 |  |  |  | 1,046 |
Total pension and post-retirement obligations |  |  | 519 |  |  |  | 49 |  |  |  | 470 |
Other comprehensive income |  | $ | 12,664 |  |  | $ | 3,113 |  |  | $ | 9,551 |
2018 |  |  |  |  |  |  |  |  |  |  |  |
Securities available for sale and transferred securities: |  |  |  |  |  |  |  |  |  |  |  |
Change in unrealized gain (loss) during the year |  | $ | (6,547 | ) |  | $ | (1,650 | ) |  | $ | (4,897 | )
Reclassification adjustment for net gains included in net income (1) |  |  | 539 |  |  |  | 136 |  |  |  | 403 |
Total securities available for sale and transferred securities |  |  | (6,008 | ) |  |  | (1,514 | ) |  |  | (4,494 | )
Hedging derivative instruments: |  |  |  |  |  |  |  |  |  |  |  |
Change in unrealized gain (loss) during the year |  |  | (369 | ) |  |  | (93 | ) |  |  | (276 | )
Pension and post-retirement obligations: |  |  |  |  |  |  |  |  |  |  |  |
Net actuarial gain (loss) arising during the year |  |  | (6,823 | ) |  |  | (1,721 | ) |  |  | (5,102 | )
Amortization of net actuarial loss and prior service cost included in income |  |  | 678 |  |  |  | 171 |  |  |  | 507 |
Total pension and post-retirement obligations |  |  | (6,145 | ) |  |  | (1,550 | ) |  |  | (4,595 | )
Other comprehensive loss |  | $ | (12,522 | ) |  | $ | (3,157 | ) |  | $ | (9,365 | )
2017 |  |  |  |  |  |  |  |  |  |  |  |
Securities available for sale and transferred securities: |  |  |  |  |  |  |  |  |  |  |  |
Change in unrealized gain (loss) during the year |  | $ | 1,841 |  |  | $ | 710 |  |  | $ | 1,131 |
Reclassification adjustment for net gains included in net income (1) |  |  | (1,103 | ) |  |  | (426 | ) |  |  | (677 | )
Total securities available for sale and transferred securities |  |  | 738 |  |  |  | 284 |  |  |  | 454 |
Hedging derivative instruments: |  |  |  |  |  |  |  |  |  |  |  |
Change in unrealized gain (loss) during the year |  |  | - |  |  |  | - |  |  |  | - |
Pension and post-retirement obligations: |  |  |  |  |  |  |  |  |  |  |  |
Net actuarial gain (loss) arising during the year |  |  | 1,460 |  |  |  | 563 |  |  |  | 897 |
Amortization of net actuarial loss and prior service cost included in income |  |  | 1,115 |  |  |  | 431 |  |  |  | 684 |
Total pension and post-retirement obligations |  |  | 2,575 |  |  |  | 994 |  |  |  | 1,581 |
Other comprehensive income |  | $ | 3,313 |  |  | $ | 1,278 |  |  | $ | 2,035 |
(1) | Includes amounts related to the amortization/accretion of unrealized net gains and losses related to the Company’s reclassification of available for sale investment securities to the held to maturity category. The unrealized net gains/losses will be amortized/accreted over the remaining life of the investment securities as an adjustment of yield.
Components of Accumulated Other Comprehensive Income (Loss) | Activity in accumulated other comprehensive income (loss), net of tax, was as follows (in thousands):
|  | Hedging Derivative Instruments |  |  | Securities Available for Sale and Transferred Securities |  |  | Pension and Post- retirement Obligations |  |  | Accumulated Other Comprehensive Income (Loss) |
Balance at January 1, 2019 |  | $ | (276 | ) |  | $ | (7,769 | ) |  | $ | (13,236 | ) |  | $ | (21,281 | )
Reclassification adjustment for net gains included in net income |  | $ | - |  |  | $ | (681 | ) |  | $ | (2,102 | ) |  |  | (2,783 | )
Other comprehensive income (loss) before reclassifications |  |  | (242 | ) |  |  | 10,192 |  |  |  | (576 | ) |  |  | 9,374 |
Amounts reclassified from accumulated other comprehensive income (loss) |  |  | - |  |  |  | (869 | ) |  |  | 1,046 |  |  |  | 177 |
Net current period other comprehensive loss |  |  | (242 | ) |  |  | 9,323 |  |  |  | 470 |  |  |  | 9,551 |
Balance at December 31, 2019 |  | $ | (518 | ) |  | $ | 873 |  |  | $ | (14,868 | ) |  | $ | (14,513 | )
Balance at January 1, 2018 |  | $ | - |  |  | $ | (3,275 | ) |  | $ | (8,641 | ) |  | $ | (11,916 | )
Other comprehensive income (loss) before reclassifications |  |  | (276 | ) |  |  | (4,897 | ) |  |  | (5,102 | ) |  |  | (10,275 | )
Amounts reclassified from accumulated other comprehensive income (loss) |  |  | - |  |  |  | 403 |  |  |  | 507 |  |  |  | 910 |
Net current period other comprehensive income |  |  | (276 | ) |  |  | (4,494 | ) |  |  | (4,595 | ) |  |  | (9,365 | )
Balance at December 31, 2018 |  | $ | (276 | ) |  | $ | (7,769 | ) |  | $ | (13,236 | ) |  | $ | (21,281 | )
Balance at January 1, 2017 |  | $ | - |  |  | $ | (3,729 | ) |  | $ | (10,222 | ) |  | $ | (13,951 | )
Other comprehensive income (loss) before reclassifications |  |  | - |  |  |  | 1,131 |  |  |  | 897 |  |  |  | 2,028 |
Amounts reclassified from accumulated other comprehensive income (loss) |  |  | - |  |  |  | (677 | ) |  |  | 684 |  |  |  | 7 |
Net current period other comprehensive (loss) income |  |  | - |  |  |  | 454 |  |  |  | 1,581 |  |  |  | 2,035 |
Balance at December 31, 2017 |  | $ | - |  |  | $ | (3,275 | ) |  | $ | (8,641 | ) |  | $ | (11,916 | )
Amounts Reclassified Out of Each Component of Accumulated Other Comprehensive Income (Loss) | The following table presents the amounts reclassified out of each component of accumulated other comprehensive income (loss) for the years ended December 31 (in thousands):
Details About Accumulated Other Comprehensive Income (Loss) Components |  | Amount Reclassified from Accumulated Other Comprehensive Income (Loss) |  |  | Affected Line Item in the Consolidated Statement of Income
|  | 2019 |  |  | 2018 |  |  |
Realized gain (loss) on sale of investment securities |  | $ | 1,677 |  |  | $ | (127 | ) |  | Net gain (loss) on investment securities
Amortization of unrealized holding gains (losses) on investment securities transferred from available for sale to held to maturity |  |  | (501 | ) |  |  | (412 | ) |  | Interest income
|  |  | 1,176 |  |  |  | (539 | ) |  | Total before tax
|  |  | (307 | ) |  |  | 136 |  |  | Income tax (expense) benefit
|  |  | 869 |  |  |  | (403 | ) |  | Net of tax
Amortization of pension and post-retirement items: |  |  |  |  |  |  |  |  |  |
Prior service credit (1) |  |  | 65 |  |  |  | 72 |  |  | Salaries and employee benefits
Net actuarial losses (1) |  |  | (1,463 | ) |  |  | (750 | ) |  | Salaries and employee benefits
|  |  | (1,398 | ) |  |  | (678 | ) |  | Total before tax
|  |  | 352 |  |  |  | 171 |  |  | Income tax benefit
|  |  | (1,046 | ) |  |  | (507 | ) |  | Net of tax
Total reclassified for the period |  | $ | (177 | ) |  | $ | (910 | ) |  |
(1) | These items are included in the computation of net periodic pension expense. See Note 19 – Employee Benefit Plans for additional information.

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