Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2022

Accumulated Other Comprehensive Loss

12. 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, 2022 and 2021 (in thousands):

Three months ended March 31, 2022

Three months ended March 31, 2021

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

1,386

(7,898)

(6,512)

3,539

(16,737)

(13,198)

Other comprehensive income (loss) before reclassifications

(5,860)

524

(5,336)

(1,191)

(128)

(1,319)

Amounts reclassified from accumulated other comprehensive loss

—

395

—

569

Net current period other comprehensive income (loss)

(5,860)

919

(4,941)

(1,191)

441

(750)

Ending balance

(4,474)

(6,979)

(11,453)

2,348

(16,296)

(13,948)

(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, 2022 and 2021 (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, 2022		March 31, 2021		statement of operations
Amortization of estimated defined benefit pension plan loss⁽²⁾
	$	500	$	720	Other expense
		(105)		(151)	Provision for income taxes
	$	395	$	569
Total reclassifications for the period	$	395	$	569

(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 17 for additional details).