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Other Comprehensive Income (Loss)
 3 Months Ended
Mar. 31, 2018
Stockholders' Equity Note [Abstract]  
Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss)

The following tables present reclassifications out of the accumulated other comprehensive income (loss) for the three month periods ended March 31, 2018 and 2017.

 
Three Months Ended March 31, 2018
(in thousands)
Before-Tax
Amount
 
Tax (Expense)
Benefit
 
Net of Tax
Available-for-sale securities:
 

 
 

 
 

Change in net unrealized gain/loss during the period
$
(19,351
)
 
$
4,741

 
$
(14,610
)
Reclassification adjustment for net realized gain on sale of available-for-sale securities included in net income
(124
)
 
30

 
(94
)
Net unrealized loss
(19,475
)
 
4,771

 
(14,704
)
 
 
 
 
 
 
Employee benefit plans:
 

 
 

 
 

Amortization of net retirement plan actuarial gain
417

 
(102
)
 
315

Amortization of net retirement plan prior service cost
4

 
(1
)
 
3

Employee benefit plans
421

 
(103
)
 
318

Other comprehensive loss
$
(19,054
)
 
$
4,668

 
$
(14,386
)
 
 
Three Months Ended March 31, 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
$
1,995

 
$
(798
)
 
$
1,197

Reclassification adjustment for net realized gain on sale of available-for-sale securities included in net income
0

 
0

 
0

Net unrealized gains
1,995

 
(798
)
 
1,197

 
 
 
 
 
 
Employee benefit plans:
 

 
 

 
 

Amortization of net retirement plan actuarial gain
357

 
(143
)
 
214

Amortization of net retirement plan prior service cost
23

 
(9
)
 
14

Employee benefit plans
380

 
(152
)
 
228

Other comprehensive income
$
2,375

 
$
(950
)
 
$
1,425

 

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 January 1, 2018
$
(13,005
)
 
$
(38,291
)
 
$
(51,296
)
Other comprehensive loss before reclassifications
(14,610
)
 
0

 
(14,610
)
Amounts reclassified from accumulated other comprehensive (loss) income
(94
)
 
318

 
224

Net current-period other comprehensive loss
(14,704
)
 
318

 
(14,386
)
Adoption of ASU 2016-01
65

 
$
0

 
65

Balance at March 31, 2018
$
(27,644
)
 
$
(37,973
)
 
$
(65,617
)
 
 
 
 
 
 
Balance at January 1, 2017
$
(7,915
)
 
$
(29,194
)
 
$
(37,109
)
Other comprehensive income before reclassifications
1,197

 
0

 
1,197

Amounts reclassified from accumulated other comprehensive (loss) income
0

 
228

 
228

Net current-period other comprehensive income
1,197

 
228

 
1,425

Balance at March 31, 2017
$
(6,718
)
 
$
(28,966
)
 
$
(35,684
)
 
 
The following tables present the amounts reclassified out of each component of accumulated other comprehensive (loss) income for the three months ended March 31, 2018 and 2017.
 
Three months ended March 31, 2018
 
 
 
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
$
124

 
Net gain on securities transactions
 
(30
)
 
Tax expense
 
94

 
Net of tax
Employee benefit plans:
 

 
 
Amortization of the following 2 
 

 
 
Net retirement plan actuarial gain
(417
)
 
Other operating expense
Net retirement plan prior service cost
(4
)
 
Other operating expense
 
(421
)
 
Total before tax
 
103

 
Tax benefit
 
(318
)
 
Net of tax
 


Three Months Ended March 31, 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
$
0

 
Net gain on securities transactions
  
0

 
Tax expense
  
0

 
Net of tax
Employee benefit plans:
  
 
 
Amortization of the following 2 
  
 
 
Net retirement plan actuarial gain
(357
)
 
Other operating expense
Net retirement plan prior service credit
(23
)
 
Other operating expense
  
(380
)
 
Total before tax
  
152

 
Tax benefit
  
(228
)
 
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 9 - “Employee Benefit Plan”).