Accumulated Other Comprehensive Loss

9 Months Ended

Sep. 30, 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 and nine months ended September 30, 2022 and 2021 (in thousands):

Three months ended September 30, 2022

Three months ended September 30, 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

(8,766)

(11,467)

(20,233)

2,863

(12,180)

(9,317)

Other comprehensive income (loss) before reclassifications

(6,370)

(498)

(6,868)

(466)

1,219

753

Amounts reclassified from accumulated other comprehensive loss

—

451

—

694

Net current period other comprehensive income (loss)

(6,370)

(47)

(6,417)

(466)

1,913

1,447

Ending balance

(15,136)

(11,514)

(26,650)

2,397

(10,267)

(7,870)

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

Nine months ended September 30, 2022

Nine months ended September 30, 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

(16,522)

(5,408)

(21,930)

(1,076)

4,140

3,064

Amounts reclassified from accumulated other comprehensive loss

—

1,792

(66)

2,330

2,264

Net current period other comprehensive income (loss)

(16,522)

(3,616)

(20,138)

(1,142)

6,470

5,328

Ending balance

(15,136)

(11,514)

(26,650)

2,397

(10,267)

(7,870)

(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, 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	September 30, 2022		September 30, 2021		statement of operations
Amortization of estimated defined benefit pension plan loss⁽²⁾
	$	571	$	879	Other expense
		(120)		(185)	Provision for income taxes
	$	451	$	694
Total reclassifications for the period	$	451	$	694

(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).


	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, 2022		September 30, 2021		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⁾
	$	2,268	$	2,949	Other expense
		(476)		(619)	Provision for income taxes
	$	1,792	$	2,330
Total reclassifications for the period	$	1,792	$	2,264

(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).