OTHER COMPREHENSIVE INCOME (LOSS) (Tables) |
12 Months Ended |
|---|---|
Dec. 31, 2020 | |
| Equity [Abstract] | |
| Schedule of other comprehensive income loss |
Before
Tax
Net of
Tax
(Expense)
Tax
(Dollars in Thousands)
Amount
Benefit
Amount
2020
Investment Securities:
Change in net unrealized gain (loss) on securities available
$
2,437
$
(628)
$
1,809
Amortization of losses on securities transferred from available
held to maturity
36
(9)
27
Total Investment
2,473
(637)
1,836
Derivative:
Change in net unrealized gain (loss) on effective
$
574
$
(146)
$
428
Benefit Plans:
Reclassification adjustment for amortization of prior service
(880)
223
(657)
Reclassification adjustment for amortization of net loss
4,391
(1,113)
3,278
Current year actuarial loss
(27,924)
7,078
(20,846)
Total Benefit Plans
(24,413)
6,188
(18,225)
Total Other Comprehensive
$
(21,366)
$
5,405
$
(15,961)
2019
Investment Securities:
Change in net unrealized gain (loss) on securities available
$
3,790
$
(950)
$
2,840
Amortization of losses on securities transferred from available
held to maturity
43
(11)
32
Total Investment
3,833
(961)
2,872
Benefit Plans:
Reclassification adjustment for amortization of prior service
15
(4)
11
Reclassification adjustment for amortization of net loss
4,623
(1,170)
3,453
Current year actuarial loss
(7,642)
1,940
(5,702)
Total Benefit Plans
(3,004)
766
(2,238)
Total Other Comprehensive
$
829
$
(195)
$
634
2018
Investment Securities:
Change in net unrealized gain (loss) on securities available
$
(409)
$
103
$
(306)
Amortization of losses on securities transferred from available
held to maturity
55
(14)
41
Total Investment
(354)
89
(265)
Benefit Plans:
Reclassification adjustment for amortization of prior service
199
(50)
149
Reclassification adjustment for amortization of net loss
5,299
(1,346)
3,953
Current year actuarial loss
(815)
207
(608)
Total Benefit Plans
4,683
(1,189)
3,494
Total Other Comprehensive
$
4,329
$
(1,100)
$
3,229
|
| Activity in accumulated other comprehensive loss, net of tax |
Accumulated other comprehensive loss was comprised of
Accumulated
Securities
Other
Available
Interest Rate
Retirement
Comprehensive
for Sale
Swap
Plans
Loss
Balance as of January 1, 2020
$
864
$
-
$
(29,045)
$
(28,181)
Other comprehensive income (loss) during the period
1,836
428
(18,225)
(15,961)
Balance as of December 31, 2020
$
2,700
$
428
$
(47,270)
$
(44,142)
Balance as of January 1, 2019
$
(2,008)
$
-
$
(26,807)
$
(28,815)
Other comprehensive income (loss) during the period
2,872
-
(2,238)
634
Balance as of December 31, 2019
$
864
$
-
$
(29,045)
$
(28,181)
Balance as of January 1, 2018
$
(1,743)
$
-
$
(30,301)
$
(32,044)
Other comprehensive (loss) income during the period
(265)
-
3,494
3,229
Balance as of December 31, 2018
$
(2,008)
$
-
$
(26,807)
$
(28,815)
|