Change in Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2020

Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]

Change in Accumulated Other Comprehensive Income (Loss)

NOTE 22. Change in Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive income (loss) includes unrealized gains and losses on available for sale securities and changes in benefit obligations and plan assets for the post retirement benefit plan. Changes to accumulated other comprehensive income (loss) are presented net of tax as a component of equity. Reclassifications out of accumulated other comprehensive income (loss) are recorded in the Consolidated Statements of Income either as a gain or loss.

Changes to accumulated other comprehensive income (loss) by components are shown in the following tables for the years ended December 31, 2020 and 2019:

	Twelve Months Ended
	December 31,
	2020									2019
	Unrealized Gains and Losses on Available for Sale Securities			Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan			Total			Unrealized Gains and Losses on Available for Sale Securities			Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan		Total
	(dollars in thousands)									(dollars in thousands)
January 1	$	1,438		$	44		$	1,482		$	(1,597	)	$	44	$	(1,553	)
Other comprehensive income (loss) before reclassifications		2,993			(33	)		2,960			3,835			—		3,835
Reclassifications from other comprehensive income (loss)		(687	)		3			(684	)		7			—		7
Tax effect of current period changes		(484	)		5			(479	)		(807	)		—		(807	)
Current period changes net of taxes		1,822			(25	)		1,797			3,035			—		3,035
December 31	$	3,260		$	19		$	3,279		$	1,438		$	44	$	1,482

For the years ended December 31, 2020 and 2019, $687 thousand and $(7) thousand, respectively, was reclassified out of accumulated other comprehensive income and appeared as Gain (loss) on sale of securities in the Consolidated Statement of Income. The tax expense (benefit) related to these reclassifications was $144 thousand and $(1) thousand for the years ended December 31, 2020 and 2019, respectively. The tax is included in Income Tax Expense in the Consolidated Statements of Income.

For the year ended December 31, 2020, $(3) thousand was reclassified out of accumulated other comprehensive income related to the Company's postretirement benefit plan. This reclassification is a component of net periodic benefit cost and was reflected in Other noninterest expense in the Consolidated Statements of Income. Tax related to this reclassification was less than $1 thousand and was included in Income Tax Expense in the Consolidated Statements of Income.