Accumulated Other Comprehensive Loss (Tables)

9 Months Ended

Sep. 30, 2019

Accumulated Other Comprehensive Loss

Schedule of accumulated other comprehensive loss, net of tax

The following table presents the changes in each component of accumulated other comprehensive loss, net of tax, for the three and nine months ended September 30, 2019 and 2018 (in thousands):


	Three months ended						Three months ended
	September 30, 2019						September 30, 2018
	Net						Net
	Unrealized						Unrealized
	Gains and						Gains and
	(Losses) on		Defined				(Losses) on		Defined
	Investment		Benefit				Investment		Benefit
	Securities		Pension				Securities		Pension
	AFS(1)		Items(1)		Total(1)		AFS(1)		Items(1)		Total(1)
Beginning balance	$	1,398	$	(13,948)	$	(12,550)	$	(2,177)	$	(11,490)	$	(13,667)
Other comprehensive income (loss) before reclassifications		480		(7)		473		(726)		2		(724)
Amounts reclassified from accumulated other comprehensive loss		(69)		325		256		—		306		306
Net current period other comprehensive income (loss)		411		318		729		(726)		308		(418)
Ending balance	$	1,809	$	(13,630)	$	(11,821)	$	(2,903)	$	(11,182)	$	(14,085)

(1)

Amounts in parentheses indicate debits on the Consolidated Balance Sheets.


	Nine months ended						Nine months ended
	September 30, 2019						September 30, 2018
	Net						Net
	Unrealized						Unrealized
	Gains and						Gains and
	(Losses) on		Defined				(Losses) on		Defined
	Investment		Benefit				Investment		Benefit
	Securities		Pension				Securities		Pension
	AFS(1)		Items(1)		Total(1)		AFS(1)		Items(1)		Total(1)
Beginning balance	$	(1,409)	$	(12,816)	$	(14,225)	$	(327)	$	(12,623)	$	(12,950)
Other comprehensive income (loss) before reclassifications		3,311		(1,790)		1,521		(2,693)		524		(2,169)
Amounts reclassified from accumulated other comprehensive loss		(93)		976		883		117		917		1,034
Net current period other comprehensive income (loss)		3,218		(814)		2,404		(2,576)		1,441		(1,135)
Ending balance	$	1,809	$	(13,630)	$	(11,821)	$	(2,903)	$	(11,182)	$	(14,085)

(1)

Amounts in parentheses indicate debits on the Consolidated Balance Sheets.

Schedule of reclassification out of accumulated other comprehensive loss

The following table presents the amounts reclassified out of each component of accumulated other comprehensive loss for the three and nine months ended September 30, 2019 and 2018 (in thousands):


	Amount reclassified from accumulated
	other comprehensive loss(1)
	For the		For the
	three months		three months
	ended		ended
	September 30,		September 30,		Affected line item in the
Details about accumulated other comprehensive loss components	2019		2018		consolidated statement of operations
Realized gains on sale of securities	$	(88)	$	—	Net realized (gains) losses on investment securities
		19		—	Provision for income tax expense
	$	(69)	$	—	Net of tax
Amortization of estimated defined benefit pension plan loss	$	412	$	387	Other expense
		(87)		(81)	Provision for income tax expense
	$	325	$	306	Net of tax
Total reclassifications for the period	$	256	$	306	Net income

(1)

Amounts in parentheses indicate credits.


	Amount reclassified from accumulated
	other comprehensive loss(1)
	For the		For the
	nine months		nine months
	ended		ended
	September 30,		September 30,		Affected line item in the
Details about accumulated other comprehensive loss components	2019		2018		consolidated statement of operations
Realized (gains) losses on sale of securities	$	(118)	$	148	Net realized (gains) losses on investment securities
		25		(31)	Provision for income tax expense
	$	(93)	$	117	Net of tax
Amortization of estimated defined benefit pension plan loss	$	1,236	$	1,161	Other expense
		(260)		(244)	Provision for income tax expense
	$	976	$	917	Net of tax
Total reclassifications for the period	$	883	$	1,034	Net income

Amounts in parentheses indicate credits.