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Accumulated Other Comprehensive (Loss) Income (Tables) | 6 Months Ended
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Jun. 30, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Changes in the Components of Accumulated Other Comprehensive Income (Loss), Net of Tax | Changes in the components of accumulated other comprehensive (loss) income (“AOCI”), net of tax, for the periods indicated are summarized in the tables below.
|  | For the three months ended June 30, 2022 |
(In thousands) |  | Retirement Plans |  |  | Unrealized Loss on Available-for- Sale Securities |  |  | Unrealized Gain on Derivatives and Hedging Activities |  |  | Unrealized Gain on Securities Transferred to Held-to-Maturity |  |  | Total |
Beginning balance |  | $ | (1,412 | ) |  | $ | (3,842 | ) |  | $ | 194 |  |  | $ | 2 |  |  | $ | (5,058 | )
Other comprehensive (loss) income before reclassifications |  |  | - |  |  |  | (4,559 | ) |  |  | 237 |  |  |  | - |  |  |  | (4,322 | )
Amounts reclassified from AOCI |  |  | 1 |  |  |  | (20 | ) |  |  | - |  |  |  | - |  |  |  | (19 | )
Ending balance |  | $ | (1,411 | ) |  | $ | (8,421 | ) |  | $ | 431 |  |  | $ | 2 |  |  | $ | (9,399 | )
|  | For the three months ended June 30, 2021 |
(In thousands) |  | Retirement Plans |  |  | Unrealized Gain on Available-for- Sale Securities |  |  | Unrealized Loss on Derivatives and Hedging Activities |  |  | Unrealized Loss on Securities Transferred to Held-to-Maturity |  |  | Total |
Beginning balance |  | $ | (2,074 | ) |  | $ | 1,108 |  |  | $ | (793 | ) |  | $ | (9 | ) |  | $ | (1,768 | )
Other comprehensive income before reclassifications |  |  | - |  |  |  | 441 |  |  |  | 69 |  |  |  | 4 |  |  |  | 514 |
Amounts reclassified from AOCI |  |  | 19 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 19 |
Ending balance |  | $ | (2,055 | ) |  | $ | 1,549 |  |  | $ | (724 | ) |  | $ | (5 | ) |  | $ | (1,235 | )
|  | For the six months ended June 30, 2022 |
(In thousands) |  | Retirement Plans |  |  | Unrealized Loss on Available-for- Sale Securities |  |  | Unrealized Gain on Derivatives and Hedging Activities |  |  | Unrealized Gain on Securities Transferred to Held-to-Maturity |  |  | Total |
Beginning balance |  | $ | (1,412 | ) |  | $ | 428 |  |  | $ | (286 | ) |  | $ | 2 |  |  | $ | (1,268 | )
Other comprehensive (loss) income before reclassifications |  |  | - |  |  |  | (8,830 | ) |  |  | 717 |  |  |  | - |  |  |  | (8,113 | )
Amounts reclassified from AOCI |  |  | 1 |  |  |  | (19 | ) |  |  | - |  |  |  | - |  |  |  | (18 | )
Ending balance |  | $ | (1,411 | ) |  | $ | (8,421 | ) |  | $ | 431 |  |  | $ | 2 |  |  | $ | (9,399 | )
|  | For the six months ended June 30, 2021 |
(In thousands) |  | Retirement Plans |  |  | Unrealized Gain on Available-for- Sale Securities |  |  | Unrealized Loss on Derivatives and Hedging Activities |  |  | Unrealized Loss on Securities Transferred to Held-to-Maturity |  |  | Total |
Beginning balance |  | $ | (2,093 | ) |  | $ | 837 |  |  | $ | (966 | ) |  | $ | (14 | ) |  | $ | (2,236 | )
Other comprehensive income before reclassifications |  |  | - |  |  |  | 712 |  |  |  | 242 |  |  |  | 9 |  |  |  | 963 |
Amounts reclassified from AOCI |  |  | 38 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 38 |
Ending balance |  | $ | (2,055 | ) |  | $ | 1,549 |  |  | $ | (724 | ) |  | $ | (5 | ) |  | $ | (1,235 | )
Schedule of Amounts Reclassified Out of Each Component of AOCI | The following table presents the amounts reclassified out of each component of AOCI for the indicated period:
|  |  |  | Amount Reclassified |  |  | Amount Reclassified |
|  |  |  | from AOCI (1) |  |  | from AOCI (1) |
|  |  |  | (Unaudited) |  |  | (Unaudited) |
(In thousands) |  |  |  | For the three months ended |  |  | For the six months ended |
Details about AOCI (1) components |  | Affected Line Item in the Statement of Income |  | June 30, 2022 |  |  | June 30, 2021 |  |  | June 30, 2022 |  | June 30, 2021 |
Retirement plan items |  |  |  |  |  |  |  |  |  |  |  |  |
Retirement plan net losses recognized in plan expenses (2) |  | Salaries and employee benefits |  | $ | (1 | ) |  | $ | (26 | ) |  | $ | (1 | ) | $ | (53 | )
Tax effect |  | Provision for income taxes |  |  | - |  |  |  | 7 |  |  |  | - |  |  | 15 |
|  | Net Income |  | $ | (1 | ) |  | $ | (19 | ) |  | $ | (1 | ) | $ | (38 | )
Available-for-sale securities |  |  |  |  |  |  |  |  |  |  |  |  |
Realized gain on sale of securities |  | Net gains on sales and redemptions of investment securities |  | $ | 26 |  |  | $ | - |  |  | $ | 25 |  | $ | - |
Tax effect |  | Provision for income taxes |  |  | (6 | ) |  |  | - |  |  |  | (6 | ) |  | - |
|  | Net Income |  | $ | 20 |  |  | $ | - |  |  | $ | 19 |  | $ | - |
(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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