XML 34 R21.htm IDEA: XBRL DOCUMENT v3.20.2
Accumulated Other Comprehensive Loss
6 Months Ended
Jun. 30, 2020
Accumulated Other Comprehensive Loss  
Accumulated Other Comprehensive Loss

13.  Accumulated Other Comprehensive Loss

The following table presents the changes in each component of accumulated other comprehensive loss, net of tax, for the three and six months ended June 30, 2020 and 2019 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended

    

Three months ended

 

 

June 30, 2020

 

June 30, 2019

 

    

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

 

$

2,639

 

$

(17,469)

 

$

(14,830)

 

$

(16)

 

$

(14,266)

 

$

(14,282)

Other comprehensive income (loss) before reclassifications

 

 

759

 

 

(512)

 

 

247

 

 

1,438

 

 

29

 

 

1,467

Amounts reclassified from  accumulated other comprehensive  loss

 

 

 —

 

 

512

 

 

512

 

 

(24)

 

 

289

 

 

265

Net current period other comprehensive income

 

 

759

 

 

 —

 

 

759

 

 

1,414

 

 

318

 

 

1,732

Ending balance

 

$

3,398

 

$

(17,469)

 

$

(14,071)

 

$

1,398

 

$

(13,948)

 

$

(12,550)


(1)

Amounts in parentheses indicate debits on the Consolidated Balance Sheets.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six months ended

    

Six months ended

 

 

June 30, 2020

 

June 30, 2019

 

    

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

 

$

1,715

 

$

(17,886)

 

$

(16,171)

 

$

(1,409)

 

$

(12,816)

 

$

(14,225)

Other comprehensive income (loss) before reclassifications

 

 

1,683

 

 

(607)

 

 

1,076

 

 

2,831

 

 

(1,710)

 

 

1,121

Amounts reclassified from  accumulated other comprehensive  loss

 

 

 —

 

 

1,024

 

 

1,024

 

 

(24)

 

 

578

 

 

554

Net current period other comprehensive income (loss)

 

 

1,683

 

 

417

 

 

2,100

 

 

2,807

 

 

(1,132)

 

 

1,675

Ending balance

 

$

3,398

 

$

(17,469)

 

$

(14,071)

 

$

1,398

 

$

(13,948)

 

$

(12,550)

 

(1)

Amounts in parentheses indicate debits on the Consolidated Balance Sheets.

 

The following table presents the amounts reclassified out of each component of accumulated other comprehensive loss for the three and six months ended June 30, 2020 and 2019 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

Amount reclassified from accumulated

 

 

 

 

other comprehensive loss(1)

 

 

 

    

For the

    

For the

    

 

 

 

three months

 

three months

 

 

 

 

ended

 

ended

 

 

 

 

June 30, 

 

June 30, 

 

Affected line item in the

Details about accumulated other  comprehensive loss components

 

2020

 

2019

 

consolidated statement of operations

Realized gains on sale of securities

 

$

 —

 

$

(30)

 

Net realized gains on investment securities

 

 

 

 —

 

 

 6

 

Provision for income tax expense

 

 

$

 —

 

$

(24)

 

Net of tax

Amortization of estimated defined benefit pension plan loss(2)

 

$

648

 

$

366

 

Other expense

 

 

 

(136)

 

 

(77)

 

Provision for income tax expense

 

 

$

512

 

$

289

 

Net of tax

Total reclassifications for the period

 

$

512

 

$

265

 

Net income


(1) Amounts in parentheses indicate credits.

(2) These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost (see Note 18 for additional details).

 

 

 

 

 

 

 

 

 

 

 

 

Amount reclassified from accumulated

 

 

 

 

other comprehensive loss(1)

 

 

 

    

For the

    

For the

    

 

 

 

six months

 

six months

 

 

 

 

ended

 

ended

 

 

 

 

June 30, 

 

June 30, 

 

Affected line item in the

Details about accumulated other comprehensive  loss components

 

2020

 

2019

 

consolidated statement of operations

Realized gains on sale of securities

 

$

 —

 

$

(30)

 

Net realized gains on investment securities

 

 

 

 —

 

 

 6

 

Provision for income tax expense

 

 

$

 —

 

$

(24)

 

Net of tax

Amortization of estimated defined benefit pension plan loss (2)

 

$

1,296

 

$

732

 

Other expense

 

 

 

(272)

 

 

(154)

 

Provision for income tax expense

 

 

$

1,024

 

$

578

 

Net of tax

Total reclassifications for the period

 

$

1,024

 

$

554

 

Net income

 

(1) Amounts in parentheses indicate credits.

(2) These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost (see Note 18 for additional details).