Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2020

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

22. Accumulated Other Comprehensive Income (Loss):

The components of accumulated other comprehensive income (loss) included in stockholders’ equity at December 31, 2020 and 2019 are as follows:


		December 31, 2020		December 31, 2019
Net unrealized gain on investment securities available-for-sale	$	9,696	$	1,835
Income tax		2,036		385
Net of income taxes		7,660		1,450
Benefit plan adjustments		(7,977)		(6,579)
Income tax benefit		(1,675)		(1,382)
Net of income taxes		(6,302)		(5,197)
Derivative adjustments		1,002		687
Income tax		211		144
Net of income taxes		791		543
Accumulated other comprehensive income (loss)	$	2,149	$	(3,205)

Other comprehensive income (loss) and related tax effects for the years ended December 31, 2020, 2019 and 2018 are as follows:


Year Ended December 31,	2020		2019		2018
Unrealized gain (loss) on investment securities available-for-sale	$	8,779	$	5,109	$	(2,014)
Net gain on the sale of investment securities available-for-sale		(918)		(23)
Other comprehensive income on available-for-sale debt securities		7,861		5,086		(2,014)
Benefit plans:
Amortization of actuarial loss (2)		218		227		194
Actuarial gain (loss)		(1,616)		412		(785)
Net change in benefit plan liabilities		(1,398)		639		(591)
Net change in derivatives		315		441		246
Other comprehensive loss before taxes		6,778		6,166		(2,359)
Income tax (benefit)		1,424		1,295		(496)
Other comprehensive income (loss)	$	5,354	$	4,871	$	(1,863)

(1)

Represents amounts reclassified out of accumulated comprehensive income (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 income (loss) and included in the computation of net periodic pension expense. Refer to Note 17 included in these consolidated financial statements.