Other Comprehensive Income (Loss)

The following tables present reclassifications out of the accumulated other comprehensive income (loss) for the three and nine month periods ended September 30, 2017 and 2016.



	Three Months Ended September 30, 2017
(in thousands)	Before-Tax Amount		Tax (Expense) Benefit			Net of Tax
Available-for-sale securities:
Change in net unrealized gain/loss during the period	$	712	$	(286	)	$	426
Reclassification adjustment for net realized loss on sale of available-for-sale securities included in net income	423		(169		)	254
Net unrealized gains	1,135		(455		)	680

Employee benefit plans:
Amortization of net retirement plan actuarial gain	376		(149		)	227
Amortization of net retirement plan prior service cost	3		(1		)	2
Employee benefit plans	379		(150		)	229
Other comprehensive income	$	1,514	$	(605	)	$	909



	Three Months Ended September 30, 2016
(in thousands)	Before-Tax Amount			Tax (Expense) Benefit			Net of Tax
Available-for-sale securities:
Change in net unrealized gain/loss during the period	$	(5,554	)	$	2,221		$	(3,333	)
Reclassification adjustment for net realized gain on sale of available-for-sale securities included in net income	(455		)	182			(273		)
Net unrealized losses	(6,009		)	2,403			(3,606		)

Employee benefit plans:
Amortization of net retirement plan actuarial gain	335			(134		)	201
Amortization of net retirement plan prior service cost	20			(8		)	12
Employee benefit plans	355			(142		)	213
Other comprehensive loss	$	(5,654	)	$	2,261		$	(3,393	)



	Nine Months Ended September 30, 2017
(in thousands)	Before-Tax Amount		Tax (Expense) Benefit			Net of Tax
Available-for-sale securities:
Change in net unrealized gain/loss during the period	$	5,756	$	(2,302	)	$	3,454
Reclassification adjustment for net realized loss on sale of available-for-sale securities included in net income	423		(169		)	254
Net unrealized gains	6,179		(2,471		)	3,708

Employee benefit plans:
Amortization of net retirement plan actuarial gain	1,130		(451		)	679
Amortization of net retirement plan prior service cost	11		(4		)	7
Employee benefit plans	1,141		(455		)	686
Other comprehensive income	$	7,320	$	(2,926	)	$	4,394



	Nine Months Ended September 30, 2016
(in thousands)	Before-Tax Amount			Tax (Expense) Benefit			Net of Tax
Available-for-sale securities:
Change in net unrealized gain/loss during the period	$	23,763		$	(9,503	)	$	14,260
Reclassification adjustment for net realized gain on sale of available-for-sale securities included in net income	(926		)	370			(556		)
Net unrealized gains	22,837			(9,133		)	13,704

Employee benefit plans:
Amortization of net retirement plan actuarial gain	1,004			(402		)	602
Amortization of net retirement plan prior service credit	58			(23		)	35
Employee benefit plans	1,062			(425		)	637

Other comprehensive income	$	23,899		$	(9,558	)	$	14,341

The following table presents the activity in our accumulated other comprehensive income (loss) for the periods indicated:



(in thousands)	Available-for- Sale Securities			Employee Benefit Plans			Accumulated Other Comprehensive (Loss) Income
Balance at July 1, 2017	$	(4,887	)	$	(28,737	)	$	(33,624	)
Other comprehensive income before reclassifications	426			0			426
Amounts reclassified from accumulated other comprehensive (loss) income	254			229			483
Net current-period other comprehensive income	680			229			909
Balance at September 30, 2017	$	(4,207	)	$	(28,508	)	$	(32,715	)

Balance at January 1, 2017	$	(7,915	)	$	(29,194	)	$	(37,109	)
Other comprehensive income before reclassifications	3,454			0			3,454
Amounts reclassified from accumulated other comprehensive (loss) income	254			686			940
Net current-period other comprehensive income	3,708			686			4,394
Balance at September 30, 2017	$	(4,207	)	$	(28,508	)	$	(32,715	)



(in thousands)	Available-for- Sale Securities			Employee Benefit Plans			Accumulated Other Comprehensive (Loss) Income
Balance at July 1, 2016	$	14,566		$	(27,833	)	$	(13,267	)
Other comprehensive loss before reclassifications	(3,333		)	0			(3,333		)
Amounts reclassified from accumulated other comprehensive (loss) income	(273		)	213			(60		)
Net current-period other comprehensive loss	(3,606		)	213			(3,393		)
Balance at September 30, 2016	$	10,960		$	(27,620	)	$	(16,660	)

Balance at January 1, 2016	$	(2,744	)	$	(28,257	)	$	(31,001	)
Other comprehensive income before reclassifications	14,260			0			14,260
Amounts reclassified from accumulated other comprehensive (loss) income	(556		)	637			81
Net current-period other comprehensive income	13,704			637			14,341
Balance at September 30, 2016	$	10,960		$	(27,620	)	$	(16,660	)

The following tables present the amounts reclassified out of each component of accumulated other comprehensive (loss) income for the three and nine months ended September 30, 2017 and 2016.



Three Months Ended September 30, 2017
Details about Accumulated other Comprehensive Income Components (in thousands)	Amount Reclassified from Accumulated Other Comprehensive (Loss) Income¹			Affected Line Item in the Statement Where Net Income is Presented
Available-for-sale securities:
Unrealized gains and losses on available-for-sale securities	$	(423	)	(Loss) gain on sale of available-for-sale securities
	169			Tax (expense) benefit
	(254		)	Net of tax
Employee benefit plans:
Amortization of the following²
Net retirement plan actuarial gain	(376		)	Pension and other employee benefits
Net retirement plan prior service cost	(3		)	Pension and other employee benefits
	(379		)	Total before tax
	150			Tax (expense) benefit
	(229		)	Net of tax



Nine Months Ended September 30, 2017
Details about Accumulated other Comprehensive Income Components (in thousands)	Amount Reclassified from Accumulated Other Comprehensive (Loss) Income¹			Affected Line Item in the Statement Where Net Income is Presented
Available-for-sale securities:
Unrealized gains and losses on available-for-sale securities	$	(423	)	(Loss) gain on sale of available-for-sale securities
	169			Tax (expense) benefit
	(254		)	Net of tax
Employee benefit plans:
Amortization of the following²
Net retirement plan actuarial loss	(1,130		)	Pension and other employee benefits
Net retirement plan prior service credit	(11		)	Pension and other employee benefits
	(1,141		)	Total before tax
	455			Tax (expense) benefit
	(686		)	Net of tax



Three Months Ended September 30, 2016
Details about Accumulated other Comprehensive Income Components (in thousands)	Amount Reclassified from Accumulated Other Comprehensive (Loss) Income¹			Affected Line Item in the Statement Where Net Income is Presented
Available-for-sale securities:
Unrealized gains and losses on available-for-sale securities	$	455		(Loss) gain on sale of available-for-sale securities
	(182		)	Tax (expense) benefit
	273			Net of tax
Employee benefit plans:
Amortization of the following ²
Net retirement plan actuarial gain	(335		)	Pension and other employee benefits
Net retirement plan prior service credit	(20		)	Pension and other employee benefits
	(355		)	Total before tax
	142			Tax (expense) benefit
	(213		)	Net of tax



Nine Months Ended September 30, 2016
Details about Accumulated other Comprehensive Income Components (in thousands)	Amount Reclassified from Accumulated Other Comprehensive (Loss) Income¹			Affected Line Item in the Statement Where Net Income is Presented
Available-for-sale securities:
Unrealized gains and losses on available-for-sale securities	$	926		(Loss) gain on sale of available-for-sale securities
	(370		)	Tax expense
	556			Net of tax
Employee benefit plans:
Amortization of the following ²
Net retirement plan actuarial loss	(1,004		)	Pension and other employee benefits
Net retirement plan prior service cost	(58		)	Pension and other employee benefits
	(1,062		)	Total before tax
	425			Tax benefit
	(637		)	Net of tax

1 Amounts in parentheses indicated debits in income statement.

2 The accumulated other comprehensive (loss) income components are included in the computation of net periodic benefit cost (See Note 10 - “Employee Benefit Plan”).