Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 31, 2018

Accumulated Other Comprehensive Loss

20. Accumulated Other Comprehensive Loss:

The components of accumulated other comprehensive loss included in stockholders’ equity at December 31, 2018 and 2017 are as follows:


		December 31, 2018		December 31, 2017
Net unrealized loss on investment securities available-for-sale	$	(3,251)	$	(1,237)
Income tax		(683)		(260)
Net of income taxes		(2,568)		(977)
Benefit plan adjustments		(7,218)		(6,628)
Income tax		(1,516)		(1,392)
Net of income taxes		(5,702)		(5,236)
Derivative adjustments		246
Income tax		52
Net of income taxes		194
Accumulated other comprehensive loss	$	(8,076)	$	(6,213)

Other comprehensive loss and related tax effects for the years ended December 31, 2018, 2017 and 2016 are as follows:


Year Ended December 31,	2018		2017		2016
Unrealized loss on investment securities available-for-sale	$	(2,014)	$	(1,790)	$	(3,417)
Net gain on the sale of investment securities available-for-sale						(623)
Benefit plans:
Amortization of actuarial loss (2)		194		195		208
Actuarial gain (loss)		(785)		123		709
Net change in benefit plan liabilities		(591)		318		917
Net change in derivatives		246
Other comprehensive loss before taxes		(2,359)		(1,472)		(3,123)
Income tax		(496)		(515)		(1,093)
Other comprehensive loss	$	(1,863)	$	(957)	$	(2,030)

(1)

Represents amounts reclassified out of accumulated comprehensive loss and included in gains on sale of investment securities on the consolidated statements of income and comprehensive income.

(2)

Represents amounts reclassified out of accumulated comprehensive loss and included in the computation of net periodic pension expense. Refer to Note 15 included in these consolidated financial statements.