v3.22.2.2
Changes in Accumulated Other Comprehensive (Loss) Income Balances
9 Months Ended
Sep. 30, 2022
Changes in Accumulated Other Comprehensive (Loss) Income Balances [Abstract]  
Changes in Accumulated Other Comprehensive (Loss) Income Balances

19. Changes in Accumulated Other Comprehensive (Loss) Income Balances

The changes in accumulated other comprehensive (loss) income balances as of September 30, 2022 and 2021 were as follows (in thousands):

    

    

    

Accumulated Other

Pension

Unrealized

Comprehensive

    

Liability

    

Gains (Loss)

    

Income (Loss)

Balance at January 1, 2021

$

(3,762)

$

4,145

$

383

Other comprehensive loss:

 

Change in net actuarial gain

 

130

 

 

130

Tax effect on change in net actuarial gain

 

(27)

 

 

(27)

Unrealized holding gains arising during the period

 

 

3,063

 

3,063

Tax effect on unrealized holdings gains arising during the period

 

 

(643)

 

(643)

Reclassification adjustment for gains included in net income

 

 

(5,288)

 

(5,288)

Tax effect on reclassification adjustment for gains included in net income

 

 

1,110

 

1,110

Other comprehensive loss, net of tax

 

103

 

(1,758)

 

(1,655)

Balance at September 30, 2021

$

(3,659)

$

2,387

$

(1,272)

Balance at January 1, 2022

$

(2,641)

$

1,606

$

(1,035)

Other comprehensive income:

 

 

 

Change in net actuarial gain

 

78

 

 

78

Tax effect on change in net actuarial gain

 

(16)

 

 

(16)

Unrealized holding gains arising during the period

 

 

(10,048)

 

(10,048)

Tax effect on unrealized holding gains arising during the period

 

 

2,110

 

2,110

Reclassification adjustment for gains included in net income

 

 

(1,667)

 

(1,667)

Tax effect on reclassification adjustment for gains included in net income

 

 

350

 

350

Other comprehensive loss, net of tax

 

62

 

(9,255)

 

(9,193)

Balance at September 30, 2022

$

(2,579)

$

(7,649)

$

(10,228)