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Stockholders' Equity
12 Months Ended
Dec. 31, 2020
Stockholders' Equity  
Stockholders' Equity

(12)    Stockholders' Equity

Accumulated Other Comprehensive Income (Loss)

The following details the change in the components of the Company's accumulated other comprehensive loss for the years ended December 31, as indicated.

Unrecognized Net

Accumulated

Unrealized 

Pension and

Other

Income (Loss)

Postretirement

Comprehensive

(in thousands)

    

on Securities (1)

    

Costs (2)

    

Income (Loss)

Balance, December 31, 2018

$

(3,455)

$

(2,644)

$

(6,099)

Other comprehensive income, before reclassifications

 

4,304

 

79

 

4,383

Amounts reclassified from accumulated other comprehensive income (loss)

 

40

 

(1,455)

 

(1,415)

Other comprehensive income (loss), before tax

 

4,344

 

(1,376)

 

2,968

Income tax (expense) benefit

 

(912)

 

288

 

(624)

Other comprehensive income (loss), net of tax

 

3,432

 

(1,088)

 

2,344

Balance, December 31, 2019

$

(23)

$

(3,732)

$

(3,755)

Other comprehensive income, before reclassifications

 

4,315

 

214

 

4,529

Amounts reclassified from accumulated other comprehensive income (loss)

 

(41)

 

2,200

 

2,159

Other comprehensive income, before tax

 

4,274

 

2,414

 

6,688

Income tax expense

 

(898)

 

(507)

 

(1,405)

Other comprehensive income, net of tax

 

3,376

 

1,907

 

5,283

Balance, December 31, 2020

$

3,353

$

(1,825)

$

1,528

(1)The pre-tax amounts reclassified from accumulated other comprehensive income (loss) income are included in gains (losses) on sale of investment securities in the consolidated statements of income.
(2)The pre-tax amounts reclassified from accumulated other comprehensive income (loss) are included in the computation of net periodic pension cost. See Note 13.