Accumulated Other Comprehensive Loss

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2021 and 2020 (in thousands):

Three months ended June 30, 2021

Three months ended June 30, 2020

Net

Unrealized

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

2,348

(16,296)

(13,948)

2,639

(17,469)

(14,830)

Other comprehensive income (loss) before reclassifications

581

2,953

3,534

759

(512)

247

Amounts reclassified from accumulated other comprehensive loss

(66)

1,163

1,097

—

512

Net current period other comprehensive income

515

4,116

4,631

759

—

759

Ending balance

2,863

(12,180)

(9,317)

3,398

(17,469)

(14,071)

(1)	Amounts in parentheses indicate debits on the Consolidated Balance Sheets.

Six months ended June 30, 2021

Six months ended June 30, 2020

Net

Unrealized

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

(610)

2,903

2,293

1,683

(607)

1,076

Amounts reclassified from accumulated other comprehensive loss

(66)

1,654

1,588

—

1,024

Net current period other comprehensive income (loss)

(676)

4,557

3,881

1,683

417

2,100

Ending balance

2,863

(12,180)

(9,317)

3,398

(17,469)

(14,071)

(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, 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	June 30, 2021		June 30, 2020		statement of operations
Realized gains on sale of securities
	$	(84)	$	—	Net realized gains on investment securities
		18		—	Provision for income taxes
	$	(66)	$	—
Amortization of estimated defined benefit pension plan loss⁽²⁾
	$	1,472	$	648	Other expense
		(309)		(136)	Provision for income taxes
	$	1,163	$	512
Total reclassifications for the period	$	1,097	$	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).


	Amount reclassified from accumulated
	other comprehensive loss⁽¹⁾
	For the six		For the six
Details about accumulated other	months ended		months ended		Affected line item in the
comprehensive loss components	June 30, 2021		June 30, 2020		statement of operations
Realized gains on sale of securities
	$	(84)	$	—	Net realized gains on investment securities
		18		—	Provision for income taxes
	$	(66)	$	—
Amortization of estimated defined benefit pension plan loss⁽²⁾
	$	2,094	$	1,296	Other expense
		(440)		(272)	Provision for income taxes
	$	1,654	$	1,024
Total reclassifications for the period	$	1,588	$	1,024

(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).