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Note 16 - Components of Accumulated Other Comprehensive Income (Loss)
 12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Comprehensive Income (Loss) Note [Text Block]

Note 16: Components of Accumulated Other Comprehensive Income (Loss)

The following table summarizes the activity related to each component of accumulated other comprehensive income (loss) for the years ended December 31, 2018, 2019 and 2020:

 

  

Net Unrealized

Gain (Loss) on Securities

  

Adjustments Related

to Pension Benefits

  

Accumulated Other

Comprehensive

Income (Loss)

 

Balance at December 31, 2017

 $(3,704

)

 $(5,991

)

 $(9,695

)

Unrealized holding loss on available for sale securities net of tax of ($595)

  (2,246

)

  -   (2,246

)

Transfer from held to maturity to available for sale securities, net of tax of $237

  891   -   891 

Reclassification adjustment, net of tax of ($4)

  (13

)

  -   (13

)

Net pension loss, net of tax of ($249)

  -   (936

)

  (936

)

Less amortization of prior service cost included in net periodic pension cost, net of tax of ($24)

  -   (86

)

  (86

)

Balance at December 31, 2018

 $(5,072

)

 $(7,013

)

 $(12,085

)

Unrealized holding gain on available for sale securities net of tax of $1,486

  5,595   -   5,595 

Reclassification adjustment, net of tax of ($119)

  (447

)

  -   (447

)

Net pension loss, net of tax of ($394)

  -   (1,482

)

  (1,482

)

Less amortization of prior service cost included in net periodic pension cost, net of tax of ($23)

  -   (87

)

  (87

)

Balance at December 31, 2019

 $76  $(8,582

)

 $(8,506

)

Unrealized holding gain on available for sale securities net of tax of $3,502

  13,176   -   13,176 

Reclassification adjustment, net of tax of ($23)

  (85

)

  -   (85

)

Net pension loss, net of tax of ($393)

  -   (1,478

)

  (1,478

)

Less amortization of prior service cost included in net periodic pension cost, net of tax of ($23)

  -   (87

)

  (87

)

Balance at December 31, 2020

 $13,167  $(10,147

)

 $3,020 

 

The following table provides information regarding reclassifications out of accumulated other comprehensive income (loss) for the years ended December 31, 2020, 2019 and 2018:

 

  

December 31,

 
  

2020

  

2019

  

2018

 

Component of Accumulated Other Comprehensive Income (Loss)

            

Reclassification out of unrealized gains on available for sale securities:

            

Realized securities gain, net

 $(108

)

 $(566

)

 $(17

)

Income tax benefit

  (23

)

  (119

)

  (4

)

Realized gain on available for sale securities, net of tax, reclassified out of accumulated other comprehensive loss

 $(85

)

 $(447

)

 $(13

)

Amortization of defined benefit pension items:

            

Prior service costs(1)

 $(110

)

 $(110

)

 $(110

)

Income tax benefit

  (23

)

  (23

)

  (24

)

Amortization of defined benefit pension items, net of tax, reclassified out of accumulated other comprehensive loss

 $(87

)

 $(87

)

 $(86

)

 

 

(1)

This accumulated other comprehensive income (loss) component is included in the computation of net periodic benefit cost. (For additional information, see Note 8, Employee Benefit Plans.)