Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2021

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 months ended March 31, 2021 and 2020 (in thousands):


	Three months ended March 31, 2021						Three months ended March 31, 2020
	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	$	3,539	$	(16,737)	$	(13,198)	$	1,715	$	(17,886)	$	(16,171)
Other comprehensive income (loss) before reclassifications		(1,191)		(128)		(1,319)		924		(95)		829
Amounts reclassified from accumulated other comprehensive loss		—		569		569		—		512		512
Net current period other comprehensive income (loss)		(1,191)		441		(750)		924		417		1,341
Ending balance	$	2,348	$	(16,296)	$	(13,948)	$	2,639	$	(17,469)	$	(14,830)

(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 months ended March 31, 2021 and 2020 (in thousands):


	Amount reclassified from accumulated
	other comprehensive loss(1)
	For the three		For the three
Details about accumulated other	months ended		months ended		Affected line item in the
comprehensive loss components	March 31, 2021		March 31, 2020		statement of operations
Amortization of estimated defined benefit pension plan loss(2)
	$	720	$	648	Other expense
		(151)		(136)	Provision for income taxes
	$	569	$	512
Total reclassifications for the period	$	569	$	512

(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).