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Accumulated Comprehensive (Loss) Income
 6 Months Ended
Jun. 30, 2022
Accumulated Comprehensive (Loss) Income [Abstract]  
Accumulated Comprehensive Income
Note 8 – Accumulated Comprehensive (Loss) Income


The following tables present the changes in accumulated other comprehensive income by component, net of tax, for the three and six months ended June 30, 2022 and 2021 (in thousands):

 
Six months ended June 30, 2022
  
   
Unrealized gain
(loss) on available
for sale securities (a)
    
Defined
Benefit
Pension
Items (a)
    
Unrealized loss
on interest rate
swap (a)
    
Total
  
Balance as of December 31, 2021
  
$
304
    
$
(1,968
)
  
$
1,509
    
$
(155
)
Other comprehensive income (loss) before reclassifications (net of tax)
    
(29,232
)
    
-
      
2,741
      
(26,491
)
Amounts reclassified from accumulated other comprehensive income (loss) (net of tax)
    
-
      
38
      
49
      
87
  
Net current period other comprehensive income (loss)
    
(29,232
)
    
38
      
2,790
      
(26,404
)
Balance as of June 30, 2022
  
$
(28,928
)
  
$
(1,930
)
  
$
4,299
    
$
(26,559
)

 
Six months ended June 30, 2021
  
   
Unrealized gain (loss)
on available for sale
securities (a)
    
Defined
Benefit
Pension Items
(a)
    
Unrealized loss
on interest rate
swap (a)
    
Total
  
Balance as of December 31, 2020
  
$
6,058
    
$
(3,462
)
  
$
(9
)
  
$
2,587
  
Other comprehensive income (loss) before reclassifications (net of tax)
    
(2,096
)
    
-
      
968
      
(1,128
)
Amounts reclassified from accumulated other comprehensive income (loss) (net of tax)
    
(39
)
    
136
      
54
      
151
  
Net current period other comprehensive income (loss)
    
(2,135
)
    
136
      
1,022
      
(977
)
Balance as of June 30, 2021
  
$
3,923
    
$
(3,326
)
  
$
1,013
    
$
1,610
  

 
Three months ended June 30, 2022
  
   
Unrealized gain
(loss) on available
for sale securities (a)
    
Defined
Benefit
Pension
Items (a)
    
Unrealized loss
on interest rate
swap (a)
    
Total
  
Balance as of March 31, 2022
  
$
(16,276
)
  
$
(1,940
)
  
$
3,451
    
$
(14,765
)
Other comprehensive income (loss) before reclassifications (net of tax)
    
(12,652
)
    
-
      
831
      
(11,821
)
Amounts reclassified from accumulated other comprehensive income (loss) (net of tax)
    
-
      
10
      
17
      
27
  
Net current period other comprehensive income (loss)
    
(12,652
)
    
10
      
848
      
(11,794
)
Balance as of June 30, 2022
  
$
(28,928
)
  
$
(1,930
)
  
$
4,299
    
$
(26,559
)

 
Three months ended June 30, 2021
  
   
Unrealized gain (loss)
on available for sale
securities (a)
    
Defined Benefit
Pension Items
(a)
    
Unrealized loss
on interest rate
swap (a)
    
Total
  
Balance as of March 31, 2021
  
$
2,784
    
$
(3,390
)
  
$
1,608
    
$
1,002
  
Other comprehensive income (loss) before reclassifications (net of tax)
    
1,139
      
-
      
(622
)
    
517
  
Amounts reclassified from accumulated other comprehensive income (loss) (net of tax)
    
-
      
64
      
27
      
91
  
Net current period other comprehensive income (loss)
    
1,139
      
64
      
(595
)
    
608
  
Balance as of June 30, 2021
  
$
3,923
    
$
(3,326
)
  
$
1,013
    
$
1,610
  

(a) Amounts in parentheses indicate debits on the Consolidated Balance Sheet.


The following table presents the significant amounts reclassified out of each component of accumulated other comprehensive income (loss) for the three and six months ended June 30, 2022 and 2021 (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
 
  
Three Months Ended June 30,
  
 
 
  
2022
    
2021
  
 
Unrealized gains and losses on available for sale securities
            
       
   
$
-
    
$
-
  
Available for sale securities gains, net
     
-
      
-
  
Provision for income taxes
   
$
-
    
$
-
  
Net of tax
Defined benefit pension items
                            
 
  
$
(12
)
  
$
(82
)
Other expenses
 
    
2
      
18
  
Provision for income taxes
 
  
$
(10
)
  
$
(64
)
Net of tax
                                
Unrealized gain (loss) on interest rate swap
   $
(21 )   $
(34 )
Interest expense
      4       7  
Provision for income taxes
    $
(17 )   $
(27 )
Net of tax
                        
Total reclassifications
  
$
(27
)
  
$
(91
)
 

Six Months Ended June 30,
 
  
2022
    
2021
  
 
Unrealized gains and losses on available for sale securities
            
         
   
$
-
    
$
50
  
Available for sale securities gains, net
     
-
      
(11
)
Provision for income taxes
   
$
-
    
$
39
  
Net of tax
Defined benefit pension items
                                
 
  
$
(48
)
  
$
(173
)
Other expenses
 
    
10
      
37
  
Provision for income taxes
 
  
$
(38
)
  
$
(136
)
Net of tax
                        
Unrealized gain (loss) on interest rate swap   $
(62 )   $
(68 )
Interest expense
      13       14  
Provision for income taxes
    $
(49 )   $
(54 )
Net of tax
                                     
Total reclassifications
  
$
(87
)
  
$
(151
)
 

(a) Amounts in parentheses indicate expenses and other amounts indicate income on the Consolidated Statement of Income