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Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2021

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income

The following table summarizes the changes in AOCI by component for the:

			Three Months Ended June 30
			2021																								2020
			Unrealized Gains (Losses) on AFS Securities						Unrealized Gains (Losses) on Derivative Instruments						Defined Benefit Pension Plan						Total						Unrealized Gains (Losses) on AFS Securities						Unrealized Gains (Losses) on Derivative Instruments						Defined Benefit Pension Plan						Total
Balance, April 1			$	7,682					$	(21)					$	(2,745)					$	4,916					$	9,459					$	(54)					$	(2,695)					$	6,710
OCI before reclassifications			988						27						—						1,015						2,059						(29)						—						2,030
Tax effect			(201)						(6)						—						(207)						(379)						6						—						(373)
OCI, net of tax			787						21						—						808						1,680						(23)						—						1,657
Balance, June 30			$	8,469					$	—					$	(2,745)					$	5,724					$	11,139					$	(77)					$	(2,695)					$	8,367

			Six Months Ended June 30
			2021																								2020
			Unrealized Gains (Losses) on AFS Securities						Unrealized Gains (Losses) on Derivative Instruments						Defined Benefit Pension Plan						Total						Unrealized Gains (Losses) on AFS Securities						Unrealized Gains (Losses) on Derivative Instruments						Defined Benefit Pension Plan						Total
Balance, January 1			$	10,485					$	(42)					$	(2,745)					$	7,698					$	4,612					$	54					$	(2,695)					$	1,971
OCI before reclassifications			(2,557)						53						—						(2,504)						8,370						(165)						—						8,205
Amounts reclassified from AOCI			—						—						—						—						(71)						—						—						(71)
Subtotal			(2,557)						53						—						(2,504)						8,299						(165)						—						8,134
Tax effect			541						(11)						—						530						(1,772)						34						—						(1,738)
OCI, net of tax			(2,016)						42						—						(1,974)						6,527						(131)						—						6,396
Balance, June 30			$	8,469					$	—					$	(2,745)					$	5,724					$	11,139					$	(77)					$	(2,695)					$	8,367

Included in OCI for the three and six-month periods ended June 30, 2021 and 2020 are changes in unrealized gains and losses related to auction rate money market preferred stocks. These investments, for federal income tax purposes, have no deferred federal income taxes related to unrealized gains or losses given the nature of the investments.

A summary of the components of unrealized gains on AFS securities included in OCI follows for the:

			Three Months Ended June 30
			2021																		2020
			Auction Rate Money Market Preferred Stocks						All Other AFS Securities						Total						Auction Rate Money Market Preferred Stocks						All Other AFS Securities						Total
Unrealized gains (losses) arising during the period			$	36					$	952					$	988					$	253					$	1,806					$	2,059
Tax effect			—						(201)						(201)						—						(379)						(379)
Unrealized gains (losses), net of tax			$	36					$	751					$	787					$	253					$	1,427					$	1,680

			Six Months Ended June 30
			2021																		2020
			Auction Rate Money Market Preferred Stocks						All Other AFS Securities						Total						Auction Rate Money Market Preferred Stocks						All Other AFS Securities						Total
Unrealized gains (losses) arising during the period			$	23					$	(2,580)					$	(2,557)					$	(140)					$	8,510					$	8,370
Reclassification adjustment for net (gains) losses included in net income			—						—						—						—						(71)						(71)
Net unrealized gains (losses)			23						(2,580)						(2,557)						(140)						8,439						8,299
Tax effect			—						541						541						—						(1,772)						(1,772)
Unrealized gains (losses), net of tax			$	23					$	(2,039)					$	(2,016)					$	(140)					$	6,667					$	6,527

X

- 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

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- References

No definition available.

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