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Accumulated Other Comprehensive Income (Loss) | 3 Months Ended
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Mar. 31, 2020
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract] |
Accumulated Other Comprehensive Income (Loss) | Note 12: Accumulated Other Comprehensive Income (Loss) Changes in the components of accumulated other comprehensive income (loss) (“AOCI”), net of tax, for the periods indicated are summarized in the table below.
|  | For the three months ended March 31, 2020 |
(In thousands) |  | Retirement Plans |  |  | Unrealized Gains and Losses on Available-for- Sale Securities |  |  | Unrealized Losses on Derivatives and Hedging Activities |  |  | Unrealized Loss on Securities Transferred to Held-to-Maturity |  |  | Total |
Beginning balance |  | $ | (2,717 | ) |  | $ | (216 | ) |  | $ | - |  |  | $ | (38 | ) |  | $ | (2,971 | )
Reevaluation of deferred tax asset valuation allowance (1) |  |  | (188 | ) |  |  | (15 | ) |  |  | - |  |  |  | (3 | ) |  |  | (206 | )
Other comprehensive income before reclassifications |  |  | - |  |  |  | (2,869 | ) |  |  | (1,062 | ) |  |  | 6 |  |  |  | (3,925 | )
Amounts reclassified from AOCI |  |  | 46 |  |  |  | (21 | ) |  |  | - |  |  |  | - |  |  |  | 25 |
Ending balance |  | $ | (2,859 | ) |  | $ | (3,121 | ) |  | $ | (1,062 | ) |  | $ | (35 | ) |  | $ | (7,077 | )
| (1) | Management determined that the Company, under the current New York State (“NYS”) tax code, was highly unlikely to incur a material NYS tax liability in the foreseeable future. As a result, certain net current and deferred tax assets, related to GAAP vs. tax timing differences under previous NYS tax law were no longer going to provide any future tax benefit. The substantial majority of these net deferred tax assets were offset by a related valuation allowance established in prior periods. Therefore, the Company eliminated its remaining NYS net deferred tax asset balances and the related valuation allowance on January 1, 2020. The effect of these eliminations required an adjustment to other comprehensive income balances and had no effect on 2020 reported earnings.
|  | For the three months ended March 31, 2019 |
(In thousands) |  | Retirement Plans |  |  | Unrealized Gains and Losses on Available-for- Sale Securities |  |  | Unrealized Loss on Securities Transferred to Held-to-Maturity |  |  | Total |
Beginning balance |  | $ | (3,152 | ) |  | $ | (2,832 | ) |  | $ | (58 | ) |  | $ | (6,042 | )
Other comprehensive income before reclassifications |  |  | - |  |  |  | 1,572 |  |  |  | 5 |  |  |  | 1,577 |
Amounts reclassified from AOCI |  |  | 65 |  |  |  | (62 | ) |  |  | - |  |  |  | 3 |
Ending balance |  | $ | (3,087 | ) |  | $ | (1,322 | ) |  | $ | (53 | ) |  | $ | (4,462 | )
The following table presents the amounts reclassified out of each component of AOCI for the indicated period:
|  | Amount Reclassified |  |  |
|  | from AOCI (1) |  |  |
|  | (Unaudited) |  |  |
(In thousands) |  | For the three months ended |  |  |
Details about AOCI (1) components |  | March 31, 2020 |  |  | March 31, 2019 |  |  | Affected Line Item in the Statement of Income
Retirement plan items |  |  |  |  |  |  |  |  |  |
Retirement plan net losses recognized in plan expenses (2) |  | $ | (58 | ) |  | $ | (84 | ) |  | Salaries and employee benefits
Tax effect |  |  | 12 |  |  |  | 19 |  |  | Provision for income taxes
|  | $ | (46 | ) |  | $ | (65 | ) |  | Net Income
Available-for-sale securities |  |  |  |  |  |  |  |  |  |
Realized gain (loss) on sale of securities |  | $ | 26 |  |  | $ | 79 |  |  | Net gains (losses) on sales and redemptions of investment securities
Tax effect |  |  | (5 | ) |  |  | (17 | ) |  | Provision for income taxes
|  | $ | 21 |  |  | $ | 62 |  |  | Net Income
| (1) | Amounts in parentheses indicates debits in net income.
| (2) | These items are included in net periodic pension cost.
See Note 5 for additional information.

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 + Details
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