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Accumulated Other Comprehensive Loss | 6 Months Ended
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Jun. 30, 2020
Accumulated Other Comprehensive Loss [Abstract] |
Accumulated Other Comprehensive Loss | ‎ Note 9 – Accumulated Other Comprehensive Loss The following table presents the changes in each component of accumulated other comprehensive loss for the 12 months ended December 31, 2019, the three months ended March 31, 2020, and the three months ended June 30, 2020:
(in thousands) |  | Investment ‎securities- ‎with OTTI ‎AFS |  | Investment ‎securities- ‎all other ‎AFS |  | Investment ‎securities- ‎HTM |  | Cash Flow ‎Hedge |  | Pension ‎Plan |  | SERP |  | Total
Accumulated OCL, net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance – January 1, 2019 |  | $ | (1,899) |  | $ | (3,601) |  | $ | (1,131) |  | $ | 773 |  | $ | (18,017) |  | $ | (528) |  | $ | (24,403)
Other comprehensive ‎ income/(loss) before ‎ reclassifications |  |  | (497) |  |  | 2,748 |  |  | — |  |  | (858) |  |  | (3,189) |  |  | (730) |  |  | (2,526)
Amounts reclassified from ‎ accumulated other ‎ comprehensive loss |  |  | (146) |  |  | — |  |  | 232 |  |  | — |  |  | 789 |  |  | 83 |  |  | 958
Balance – December 31, 2019 |  | $ | (2,542) |  | $ | (853) |  | $ | (899) |  | $ | (85) |  | $ | (20,417) |  | $ | (1,175) |  | $ | (25,971)
Other comprehensive ‎ income/(loss) before ‎ reclassifications |  |  | (1,188) |  |  | 1,384 |  |  | — |  |  | (963) |  |  | (5,177) |  |  | — |  |  | (5,944)
Amounts reclassified from ‎ accumulated other ‎ comprehensive loss |  |  | (37) |  |  | — |  |  | 53 |  |  | — |  |  | 262 |  |  | 34 |  |  | 312
Balance - March 31, 2020 |  | $ | (3,767) |  | $ | 531 |  | $ | (846) |  | $ | (1,048) |  | $ | (25,332) |  | $ | (1,141) |  | $ | (31,603)
Other comprehensive ‎ income/(loss) before ‎ reclassifications |  |  | (244) |  |  | 642 |  |  | — |  |  | (81) |  |  | 3,137 |  |  | — |  |  | 3,454
Amounts reclassified from ‎ accumulated other ‎ comprehensive loss |  |  | (37) |  |  | (34) |  |  | 441 |  |  | — |  |  | 262 |  |  | 34 |  |  | 666
Balance - June 30, 2020 |  | $ | (4,048) |  | $ | 1,139 |  | $ | (405) |  | $ | (1,129) |  | $ | (21,933) |  | $ | (1,107) |  | $ | (27,483)
The following tables present the components of other comprehensive income/(loss) for the six and three month periods ended June 30, 2020 and 2019:
Components of Other Comprehensive Loss ‎(in thousands) |  | Before ‎Tax ‎Amount |  | Tax ‎(Expense) ‎Benefit |  | Net
For the six months ended June 30, 2020 |  |  |  |  |  |  |  |  |
Available for sale (AFS) securities with OTTI: |  |  |  |  |  |  |  |  |
Unrealized holding losses |  | $ | (1,956) |  | $ | 524 |  | $ | (1,432)
Less: accretable yield recognized in income |  |  | 101 |  |  | (27) |  |  | 74
Net unrealized losses on investments with OTTI |  |  | (2,057) |  |  | 551 |  |  | (1,506)
Available for sale securities – all other: |  |  |  |  |  |  |  |  |
Unrealized holding gains |  |  | 2,767 |  |  | (741) |  |  | 2,026
Less: gains recognized in income |  |  | 47 |  |  | (13) |  |  | 34
Net unrealized gains on all other AFS securities |  |  | 2,720 |  |  | (728) |  |  | 1,992
Held to maturity securities: |  |  |  |  |  |  |  |  |
Unrealized holding gains |  |  | — |  |  | — |  |  | —
Less: gains recognized in income |  |  | 60 |  |  | (16) |  |  | 44
Less: amortization recognized in income |  |  | (735) |  |  | 197 |  |  | (538)
Net unrealized gains on HTM securities |  |  | 675 |  |  | (181) |  |  | 494
Cash flow hedges: |  |  |  |  |  |  |  |  |
Unrealized holding losses |  |  | (1,425) |  |  | 381 |  |  | (1,044)
Pension Plan: |  |  |  |  |  |  |  |  |
Unrealized net actuarial loss |  |  | (2,786) |  |  | 746 |  |  | (2,040)
Less: amortization of unrecognized loss |  |  | (716) |  |  | 192 |  |  | (524)
Net pension plan liability adjustment |  |  | (2,070) |  |  | 554 |  |  | (1,516)
SERP: |  |  |  |  |  |  |  |  |
Unrealized net actuarial loss |  |  | — |  |  | — |  |  | —
Less: amortization of unrecognized loss |  |  | (94) |  |  | 25 |  |  | (69)
Less: amortization of prior service costs |  |  | 1 |  |  | — |  |  | 1
Net SERP liability adjustment |  |  | 93 |  |  | (25) |  |  | 68
Other comprehensive loss |  | $ | (2,064) |  | $ | 552 |  | $ | (1,512)
‎
Components of Other Comprehensive Income ‎(in thousands) |  | Before ‎Tax ‎Amount |  | Tax ‎(Expense) ‎Benefit |  | Net
For the six months ended June 30, 2019 |  |  |  |  |  |  |  |  |
Available for sale (AFS) securities with OTTI: |  |  |  |  |  |  |  |  |
Unrealized holding losses |  | $ | (276) |  | $ | 75 |  | $ | (201)
Less: accretable yield recognized in income |  |  | 99 |  |  | (26) |  |  | 73
Net unrealized losses on investments with OTTI |  |  | (375) |  |  | 101 |  |  | (274)
Available for sale securities – all other: |  |  |  |  |  |  |  |  |
Unrealized holding gains |  |  | 3,405 |  |  | (923) |  |  | 2,482
Net unrealized gains on all other AFS securities |  |  | 3,405 |  |  | (923) |  |  | 2,482
Held to maturity securities: |  |  |  |  |  |  |  |  |
Unrealized holding gains |  |  | — |  |  | — |  |  | —
Less: amortization recognized in income |  |  | (161) |  |  | 43 |  |  | (118)
Net unrealized gains on HTM securities |  |  | 161 |  |  | (43) |  |  | 118
Cash flow hedges: |  |  |  |  |  |  |  |  |
Unrealized holding losses |  |  | (1,098) |  |  | 297 |  |  | (801)
Pension Plan: |  |  |  |  |  |  |  |  |
Unrealized net actuarial gain |  |  | 3,353 |  |  | (909) |  |  | 2,444
Less: amortization of unrecognized loss |  |  | (538) |  |  | 146 |  |  | (392)
Net pension plan liability adjustment |  |  | 3,891 |  |  | (1,055) |  |  | 2,836
SERP: |  |  |  |  |  |  |  |  |
Unrealized net actuarial loss |  |  | — |  |  | — |  |  | —
Less: amortization of unrecognized loss |  |  | (58) |  |  | 15 |  |  | (43)
Less: amortization of prior service costs |  |  | 1 |  |  | — |  |  | 1
Net SERP liability adjustment |  |  | 57 |  |  | (15) |  |  | 42
Other comprehensive income |  | $ | 6,041 |  | $ | (1,638) |  | $ | 4,403
‎
Components of Other Comprehensive Income ‎(in thousands) |  | Before ‎Tax ‎Amount |  | Tax ‎(Expense) ‎Benefit |  | Net
For the three months ended June 30, 2020 |  |  |  |  |  |  |  |  |
Available for sale (AFS) securities with OTTI: |  |  |  |  |  |  |  |  |
Unrealized holding losses |  | $ | (333) |  | $ | 89 |  | $ | (244)
Less: accretable yield recognized in income |  |  | 51 |  |  | (14) |  |  | 37
Net unrealized losses on investments with OTTI |  |  | (384) |  |  | 103 |  |  | (281)
Available for sale securities – all other: |  |  |  |  |  |  |  |  |
Unrealized holding gains |  |  | 877 |  |  | (235) |  |  | 642
Less: gains recognized in income |  |  | 47 |  |  | (13) |  |  | 34
Net unrealized gains on all other AFS securities |  |  | 830 |  |  | (222) |  |  | 608
Held to maturity securities: |  |  |  |  |  |  |  |  |
Unrealized holding gains |  |  | — |  |  | — |  |  | —
Less: gains recognized in income |  |  | 60 |  |  | (16) |  |  | 44
Less: amortization recognized in income |  |  | (662) |  |  | 177 |  |  | (485)
Net unrealized gains on HTM securities |  |  | 602 |  |  | (161) |  |  | 441
Cash flow hedges: |  |  |  |  |  |  |  |  |
Unrealized holding losses |  |  | (111) |  |  | 30 |  |  | (81)
Pension Plan: |  |  |  |  |  |  |  |  |
Unrealized net actuarial gain |  |  | 4,284 |  |  | (1,147) |  |  | 3,137
Less: amortization of unrecognized loss |  |  | (358) |  |  | 96 |  |  | (262)
Net pension plan liability adjustment |  |  | 4,642 |  |  | (1,243) |  |  | 3,399
SERP: |  |  |  |  |  |  |  |  |
Unrealized net actuarial loss |  |  | — |  |  | — |  |  | —
Less: amortization of unrecognized loss |  |  | (47) |  |  | 13 |  |  | (34)
Less: amortization of prior service costs |  |  | — |  |  | — |  |  | —
Net SERP liability adjustment |  |  | 47 |  |  | (13) |  |  | 34
Other comprehensive income |  | $ | 5,626 |  | $ | (1,506) |  | $ | 4,120
Components of Other Comprehensive Income ‎(in thousands) |  | Before ‎Tax ‎Amount |  | Tax ‎(Expense) ‎Benefit |  | Net
For the three months ended June 30, 2019 |  |  |  |  |  |  |  |  |
Available for sale (AFS) securities with OTTI: |  |  |  |  |  |  |  |  |
Unrealized holding losses |  | $ | (216) |  | $ | 59 |  | $ | (157)
Less: accretable yield recognized in income |  |  | 50 |  |  | (13) |  |  | 37
Net unrealized losses on investments with OTTI |  |  | (266) |  |  | 72 |  |  | (194)
Available for sale securities – all other: |  |  |  |  |  |  |  |  |
Unrealized holding gains |  |  | 2,169 |  |  | (588) |  |  | 1,581
Less: losses recognized in income |  |  | 6 |  |  | (2) |  |  | 4
Net unrealized gains on all other AFS securities |  |  | 2,163 |  |  | (586) |  |  | 1,577
Held to maturity securities: |  |  |  |  |  |  |  |  |
Unrealized holding gains |  |  | — |  |  | — |  |  | —
Less: amortization recognized in income |  |  | (86) |  |  | 23 |  |  | (63)
Net unrealized gains on HTM securities |  |  | 86 |  |  | (23) |  |  | 63
Cash flow hedges: |  |  |  |  |  |  |  |  |
Unrealized holding losses |  |  | (666) |  |  | 180 |  |  | (486)
Pension Plan: |  |  |  |  |  |  |  |  |
Unrealized net actuarial gain |  |  | 701 |  |  | (190) |  |  | 511
Less: amortization of unrecognized loss |  |  | (269) |  |  | 73 |  |  | (196)
Net pension plan liability adjustment |  |  | 970 |  |  | (263) |  |  | 707
SERP: |  |  |  |  |  |  |  |  |
Less: amortization of unrecognized loss |  |  | (29) |  |  | 8 |  |  | (21)
Net SERP liability adjustment |  |  | 29 |  |  | (8) |  |  | 21
Other comprehensive income |  | $ | 2,316 |  | $ | (628) |  | $ | 1,688
The following table presents the details of amounts reclassified from accumulated other comprehensive loss for the six and three month periods ended June 30, 2020 and 2019:
Amounts Reclassified from |  | Six Months Ended |  |
Accumulated Other Comprehensive Loss |  | June 30, |  | Affected Line Item in the Statement
(in thousands) |  | 2020 |  | 2019 |  | Where Net Income is Presented
Net unrealized losses on available for sale investment securities with OTTI: |  |  |  |  |  |  |  |
Accretable yield |  |  | 101 |  |  | 99 |  | Interest income on taxable investment securities
Taxes |  |  | (27) |  |  | (26) |  | Provision for income tax expense
|  | $ | 74 |  | $ | 73 |  | Net of tax
Net unrealized gains on available for sale investment securities - all others: |  |  |  |  |  |  |  |
Gains on sales |  | $ | 47 |  | $ | — |  | Net gains
Taxes |  |  | (13) |  |  | — |  | Provision for income tax expense
|  | $ | 34 |  | $ | — |  | Net of tax
Net unrealized gains on held to maturity securities: |  |  |  |  |  |  |  |
Amortization |  | $ | (735) |  | $ | (161) |  | Interest income on taxable investment securities
Gains on calls |  |  | 60 |  |  | — |  | Net gains
Taxes |  |  | 181 |  |  | 43 |  | Provision for income tax expense
|  | $ | (494) |  | $ | (118) |  | Net of tax
Net pension plan liability adjustment: |  |  |  |  |  |  |  |
Amortization of unrecognized loss |  | $ | (716) |  | $ | (538) |  | Other Expense
Taxes |  |  | 192 |  |  | 146 |  | Provision for income tax expense
|  | $ | (524) |  | $ | (392) |  | Net of tax
Net SERP liability adjustment: |  |  |  |  |  |  |  |
Amortization of unrecognized loss |  | $ | (94) |  | $ | (58) |  | Other Expense
Amortization of prior service costs |  |  | 1 |  |  | 1 |  | Salaries and employee benefits
Taxes |  |  | 25 |  |  | 15 |  | Provision for income tax expense
|  | $ | (68) |  | $ | (42) |  | Net of tax
Total reclassifications for the period |  | $ | (978) |  | $ | (479) |  | Net of tax
‎
Amounts Reclassified from |  | Three Months Ended |  |
Accumulated Other Comprehensive Loss |  | June 30, |  | Affected Line Item in the Statement
(in thousands) |  | 2020 |  | 2019 |  | Where Net Income is Presented
Net unrealized losses on available for sale investment securities with OTTI: |  |  |  |  |  |  |  |
Accretable Yield |  | $ | 51 |  | $ | 50 |  | Interest income on taxable investment securities
Taxes |  |  | (14) |  |  | (13) |  | Provision for income tax expense
|  | $ | 37 |  | $ | 37 |  | Net of tax
Net unrealized gains on available for sale investment securities - all others: |  |  |  |  |  |  |  |
Gains on sales |  | $ | 47 |  | $ | 6 |  | Net gains
Taxes |  |  | (13) |  |  | (2) |  | Provision for income tax expense
|  | $ | 34 |  | $ | 4 |  | Net of tax
Net unrealized gains on held to maturity securities: |  |  |  |  |  |  |  |
Amortization |  | $ | (662) |  | $ | (86) |  | Interest income on taxable investment securities
Gains on calls |  |  | 60 |  |  | — |  | Net gains
Taxes |  |  | 161 |  |  | 23 |  | Provision for income tax expense
|  | $ | (441) |  | $ | (63) |  | Net of tax
Net pension plan liability adjustment: |  |  |  |  |  |  |  |
Amortization of unrecognized loss |  | $ | (358) |  | $ | (269) |  | Other expense
Taxes |  |  | 96 |  |  | 73 |  | Provision for income tax expense
|  | $ | (262) |  | $ | (196) |  | Net of tax
Net SERP liability adjustment: |  |  |  |  |  |  |  |
Amortization of unrecognized loss |  | $ | (47) |  | $ | (29) |  | Other expense
Taxes |  |  | 13 |  |  | 8 |  | Provision for income tax expense
|  | $ | (34) |  | $ | (21) |  | Net of tax
Total reclassifications for the period |  | $ | (666) |  | $ | (239) |  | Net of tax

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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=120395209&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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