Accumulated Other Comprehensive Loss

9 Months Ended

Sep. 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 nine months ended September 30, 2021 and 2020 (in thousands):

Three months ended September 30, 2021

Three months ended September 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

2,863

(12,180)

(9,317)

3,398

(17,469)

(14,071)

Other comprehensive income (loss) before reclassifications

(466)

1,219

753

113

(483)

(370)

Amounts reclassified from accumulated other comprehensive loss

—

694

—

483

Net current period other comprehensive income (loss)

(466)

1,913

1,447

113

—

113

Ending balance

2,397

(10,267)

(7,870)

3,511

(17,469)

(13,958)

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

Nine months ended September 30, 2021

Nine months ended September 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

(1,076)

4,140

3,064

1,796

(1,031)

765

Amounts reclassified from accumulated other comprehensive loss

(66)

2,330

2,264

—

1,448

Net current period other comprehensive income (loss)

(1,142)

6,470

5,328

1,796

417

2,213

Ending balance

2,397

(10,267)

(7,870)

3,511

(17,469)

(13,958)

(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 nine months ended September 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	September 30, 2021		September 30, 2020		statement of operations
Amortization of estimated defined benefit pension plan loss⁽²⁾
	$	879	$	611	Other expense
		(185)		(128)	Provision for income taxes
	$	694	$	483
Total reclassifications for the period	$	694	$	483

(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 nine		For the nine
Details about accumulated other	months ended		months ended		Affected line item in the
comprehensive loss components	September 30, 2021		September 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⁾
	$	2,949	$	1,833	Other expense
		(619)		(385)	Provision for income taxes
	$	2,330	$	1,448
Total reclassifications for the period	$	2,264	$	1,448

(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).