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Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2022

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
			2022																								2021
			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
April 1, 2022			$	(14,319)					$	—					$	(2,014)					$	(16,333)					$	7,682					$	(21)					$	(2,745)					$	4,916
OCI before reclassifications			(10,670)						—						—						(10,670)						988						27						—						1,015
Tax effect			2,163						—						—						2,163						(201)						(6)						—						(207)
OCI, net of tax			(8,507)						—						—						(8,507)						787						21						—						808
June 30, 2022			$	(22,826)					$	—					$	(2,014)					$	(24,840)					$	8,469					$	—					$	(2,745)					$	5,724

			Six Months Ended June 30
			2022																								2021
			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
January 1, 2022			$	3,873					$	—					$	(2,014)					$	1,859					$	10,485					$	(42)					$	(2,745)					$	7,698
OCI before reclassifications			(33,598)						—						—						(33,598)						(2,557)						53						—						(2,504)
Tax effect			6,899						—						—						6,899						541						(11)						—						530
OCI, net of tax			(26,699)						—						—						(26,699)						(2,016)						42						—						(1,974)
June 30, 2022			$	(22,826)					$	—					$	(2,014)					$	(24,840)					$	8,469					$	—					$	(2,745)					$	5,724

Included in OCI for the three and six-month periods ended June 30, 2022 and 2021 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
			2022																		2021
			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			$	(370)					$	(10,300)					$	(10,670)					$	36					$	952					$	988
Tax effect			—						2,163						2,163						—						(201)						(201)
Unrealized gains (losses), net of tax			$	(370)					$	(8,137)					$	(8,507)					$	36					$	751					$	787

			Six Months Ended June 30
			2022																		2021
			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			$	(745)					$	(32,853)					$	(33,598)					$	23					$	(2,580)					$	(2,557)
Tax effect			—						6,899						6,899						—						541						541
Unrealized gains (losses), net of tax			$	(745)					$	(25,954)					$	(26,699)					$	23					$	(2,039)					$	(2,016)

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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X

- References

No definition available.

+ Details

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