Change in Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2022

Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]

Change in Accumulated Other Comprehensive Income

NOTE 10. 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 their tax effect 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 component are shown in the following table for the periods indicated:

	Three Months Ended
	June 30,
	2022								2021
	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)
April 1	$	(10,802	)	$	19	$	(10,783	)	$	1,067		$	19	$	1,086
Other comprehensive (loss) before reclassifications		(7,561	)		—		(7,561	)		(7	)		—		(7	)
Reclassifications		—			—		—			52			—		52
Tax effect of current period changes		1,588			—		1,588			(9	)		—		(9	)
Current period changes net of taxes		(5,973	)		—		(5,973	)		36			—		36
June 30	$	(16,775	)	$	19	$	(16,756	)	$	1,103		$	19	$	1,122

	Six Months Ended
	June 30,
	2022								2021
	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	$	(174	)	$	19	$	(155	)	$	3,260		$	19	$	3,279
Other comprehensive (loss) before reclassifications		(21,015	)		—		(21,015	)		(2,706	)		—		(2,706	)
Reclassifications		—			—		—			(24	)		—		(24	)
Tax effect of current period changes		4,414			—		4,414			573			—		573
Current period changes net of taxes		(16,601	)		—		(16,601	)		(2,157	)		—		(2,157	)
June 30	$	(16,775	)	$	19	$	(16,756	)	$	1,103		$	19	$	1,122

There were no reclassifications out of accumulated other comprehensive income (loss) during the three and six months ended June 30, 2022. For the three and six months ended June 30, 2021, $(52) thousand and $24 thousand, respectively, was reclassified out of accumulated other comprehensive income (loss) and appeared as (loss) gain on sale of securities in the Consolidated Statements of Income. The tax related to these reclassifications was $(11) thousand and $5 thousand, respectively, which is included in income tax expense in the Consolidated Statements of Income.