Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 31, 2019

Accumulated Other Comprehensive Loss

21. Accumulated Other Comprehensive Loss:

The components of accumulated other comprehensive loss included in stockholders’ equity at December 31, 2019 and 2018 are as follows:


		December 31, 2019		December 31, 2018
Net unrealized gain (loss) on investment securities available-for-sale	$	1,835	$	(3,251)
Income tax		385		(683)
Net of income taxes		1,450		(2,568)
Benefit plan adjustments		(6,579)		(7,218)
Income tax		(1,382)		(1,516)
Net of income taxes		(5,197)		(5,702)
Derivative adjustments		687		246
Income tax		144		52
Net of income taxes		543		194
Accumulated other comprehensive loss	$	(3,205)	$	(8,076)

Other comprehensive loss and related tax effects for the years ended December 31, 2019, 2018 and 2017 are as follows:


Year Ended December 31,	2019		2018		2017
Unrealized loss on investment securities available-for-sale	$	5,109	$	(2,014)	$	(1,790)
Net gain on the sale of investment securities available-for-sale		(23)
Benefit plans:
Amortization of actuarial loss (2)		227		194		195
Actuarial gain (loss)		412		(785)		123
Net change in benefit plan liabilities		639		(591)		318
Net change in derivatives		441		246
Other comprehensive loss before taxes		6,166		(2,359)		(1,472)
Income tax		1,295		(496)		(515)
Other comprehensive loss	$	4,871	$	(1,863)	$	(957)

(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 16 included in these consolidated financial statements.