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ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME | 12 Months Ended
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Dec. 31, 2021
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME [Abstract] |
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME | 13. ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME The components of accumulated other comprehensive income (loss), net of tax, as of December 31, were as follows (in thousands):
|  | 2021 |  |  | 2020 |
Net unrealized gain on securities available for sale |  | $ | 385 |  |  | $ | 7,668 |
Tax effect |  |  | (81 | ) |  |  | (1,610 | )
Net -of-tax amount |  |  | 304 |  |  |  | 6,058 |
Unrealized gain (loss) on interest rate swap |  |  | 1,910 |  |  |  | (11 | )
Tax effect |  |  | (401 | ) |  |  | 2 |
Net -of-tax amount |  |  | 1,509 |  |  |  | (9 | )
Unrecognized pension costs |  |  | (2,491 | ) |  |  | (4,383 | )
Tax effect |  |  | 523 |  |  |  | 921 |
Net -of-tax amount |  |  | (1,968 | ) |  |  | (3,462 | )
Total accumulated other comprehensive (loss) income |  | $ | (155 | ) |  | $ | 2,587 |
The following tables present the changes in accumulated other comprehensive income (loss) by component net of tax for the years ended December 31, 2021, 2020 and 2019 (in thousands):
|  | Unrealized gain (loss) on available for sale securities (a) |  |  | Unrealized gain (loss) on interest rate swap (a) |  |  | Defined Benefit Pension Items (a) |  |  | Total |
Balance as of December 31, 2018 |  | $ | (973 | ) |  | $ | - |  |  | $ | (2,948 | ) |  | $ | (3,921 | )
Other comprehensive income (loss) before reclassifications (net of tax) |  |  | 3,283 |  |  |  | - |  |  |  | (186 | ) |  |  | 3,097 |
Amounts reclassified from accumulated other comprehensive income (loss) (net of tax) |  |  | (20 | ) |  |  | - |  |  |  | 215 |  |  |  | 195 |
Net current period other comprehensive income (loss) |  |  | 3,263 |  |  |  | - |  |  |  | 29 |  |  |  | 3,292 |
Balance as of December 31, 2019 |  | $ | 2,290 |  |  | $ | - |  |  | $ | (2,919 | ) |  | $ | (629 | )
Balance as of December 31, 2019 |  | $ | 2,290 |  |  | $ | - |  |  | $ | (2,919 | ) |  | $ | (629 | )
Other comprehensive income (loss) before reclassifications (net of tax) |  |  | 4,008 |  |  |  | 4 |  |  |  | (727 | ) |  |  | 3,285 |
Amounts reclassified from accumulated other comprehensive income (loss) (net of tax) |  |  | (240 | ) |  |  | (13 | ) |  |  | 184 |  |  |  | (69 | )
Net current period other comprehensive income (loss) |  |  | 3,768 |  |  |  | (9 | ) |  |  | (543 | ) |  |  | 3,216 |
Balance as of December 31, 2020 |  | $ | 6,058 |  |  | $ | (9 | ) |  | $ | (3,462 | ) |  | $ | 2,587 |
Balance as of December 31, 2020 |  | $ | 6,058 |  |  | $ | (9 | ) |  | $ | (3,462 | ) |  | $ | 2,587 |
Other comprehensive income (loss) before reclassifications (net of tax) |  |  | (5,586 | ) |  |  | 1,403 |  |  |  | 1,229 |  |  |  | (2,954 | )
Amounts reclassified from accumulated other comprehensive income (loss) (net of tax) |  |  | (168 | ) |  |  | 115 |  |  |  | 265 |  |  |  | 212 |
Net current period other comprehensive income (loss) |  |  | (5,754 | ) |  |  | 1,518 |  |  |  | 1,494 |  |  |  | (2,742 | )
Balance as of December 31, 2021 |  | $ | 304 |  |  | $ | 1,509 |  |  | $ | (1,968 | ) |  | $ | (155 | )
(a) Amounts in parentheses indicate debits The following table presents the significant amounts reclassified out of each component of accumulated other comprehensive loss for the years ended December 31, 2021, 2020 and 2019 (in thousands):
Details about accumulated other comprehensive income (loss) |  | Amount reclassified from accumulated comprehensive income (loss) (a) |  | Affected line item in the Consolidated Statement of Income
|  | December 31, |  |
|  | 2021 |  |  | 2020 |  |  | 2019 |  |
Unrealized gains and losses on available for sale securities |  |  |  |  |  |  |  |  |  |
|  | $ | 212 |  |  | $ | 305 |  |  | $ | 24 |  | Available for sale securities gains, net
|  |  | (44 | ) |  |  | (65 | ) |  |  | (4 | ) | Provision for income taxes
|  | $ | 168 |  |  | $ | 240 |  |  | $ | 20 |  | Net of tax
Unrealized gain (loss) on interest rate swap |  | $ | (147 | ) |  | $ | 18 |  |  | $ | - |  | Interest expense
|  |  | 32 |  |  |  | (5 | ) |  |  | - |  | Provision for income taxes
|  | $ | (115 | ) |  | $ | 13 |  |  | $ | - |  | Net of tax
Defined benefit pension items |  |  |  |  |  |  |  |  |  |  |  |  |
|  | $ | (336 | ) |  | $ | (233 | ) |  | $ | (272 | ) | Other expenses
|  |  | 71 |  |  |  | 49 |  |  |  | 57 |  | Provision for income taxes
|  | $ | (265 | ) |  | $ | (184 | ) |  | $ | (215 | ) | Net of tax
Total reclassifications |  | $ | (212 | ) |  | $ | 69 |  |  | $ | (195 | ) |
(a) Amounts in parentheses indicate debits

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
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