Change in Accumulated Other Comprehensive Income

9 Months Ended

Sep. 30, 2021

Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]

Change in Accumulated Other Comprehensive Income

NOTE 10. Change in Accumulated Other Comprehensive Income

Accumulated other comprehensive income 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 are presented net of their tax effect as a component of equity. Reclassifications out of accumulated other comprehensive income are recorded in the Consolidated Statements of Income either as a gain or loss.

Changes to accumulated other comprehensive income by component are shown in the following tables for the periods indicated:

	Three Months Ended
	September 30,
	2021								2020
	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)
July 1	$	1,103		$	19	$	1,122		$	3,893		$	44	$	3,937
Other comprehensive (loss) before reclassifications		(47	)		—		(47	)		(215	)		—		(215	)
Reclassifications		—			—		—			(158	)		—		(158	)
Tax effect of current period changes		10			—		10			78			—		78
Current period changes net of taxes		(37	)		—		(37	)		(295	)		—		(295	)
September 30	$	1,066		$	19	$	1,085		$	3,598		$	44	$	3,642

	Nine Months Ended
	September 30,
	2021								2020
	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	$	3,260		$	19	$	3,279		$	1,438		$	44	$	1,482
Other comprehensive (loss) income before reclassifications		(2,753	)		—		(2,753	)		3,421			—		3,421
Reclassifications		(24	)		—		(24	)		(687	)		—		(687	)
Tax effect of current period changes		583			—		583			(574	)		—		(574	)
Current period changes net of taxes		(2,194	)		—		(2,194	)		2,160			—		2,160
September 30	$	1,066		$	19	$	1,085		$	3,598		$	44	$	3,642

For the three and nine months ended September 30, 2021, zero and $24 thousand, respectively, was reclassified out of accumulated other comprehensive income and appeared as gain on sale of securities in the Consolidated Statements of Income. The tax related to these reclassifications was zero and $5 thousand, respectively, which is included in income tax expense in the Consolidated Statements of Income. For the three and nine months ended September 30, 2020, $158 thousand and $687 thousand, respectively, was reclassified out of accumulated other comprehensive income and appeared as gain on sale of securities in the Consolidated Statements of Income. The tax related to these reclassifications was $33 thousand and $144 thousand, respectively, which is included in income tax expense in the Consolidated Statements of Income.