Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2018

Stockholders' Equity Note [Abstract]

Schedule of tax effect allocated to each component of other comprehensive income

The following tables present reclassifications out of the accumulated other comprehensive income (loss) for the three and six month periods ended June 30, 2018 and 2017.



	Three Months Ended June 30, 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	$	(5,335	)	$	1,307		$	(4,028	)
Reclassification adjustment for net realized gain on sale of available-for-sale securities included in net income	(170		)	42			(128		)
Net unrealized gains/losses	(5,505		)	1,349			(4,156		)

Employee benefit plans:
Amortization of net retirement plan actuarial gain	442			(108		)	334
Amortization of net retirement plan prior service cost	4			(1		)	3
Employee benefit plans	446			(109		)	337
Other comprehensive (loss) income	$	(5,059	)	$	1,240		$	(3,819	)



	Three Months Ended June 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	$	3,051		$	(1,220	)	$	1,831
Reclassification adjustment for net realized gain on sale of available-for-sale securities included in net income	0			0			0
Net unrealized gains	3,051			(1,220		)	1,831

Employee benefit plans:
Amortization of net retirement plan actuarial gain	397			(159		)	238
Amortization of net retirement plan prior service cost	(15		)	6			(9		)
Employee benefit plans	382			(153		)	229
Other comprehensive income	$	3,433		$	(1,373	)	$	2,060



	Six Months Ended June 30, 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	$	(24,686	)	$	6,048		$	(18,638	)
Reclassification adjustment for net realized gain on sale of available-for-sale securities included in net income	(294		)	72			(222		)
Net unrealized gains/losses	(24,980		)	6,120			(18,860		)

Employee benefit plans:
Amortization of net retirement plan actuarial gain	860			(211		)	649
Amortization of net retirement plan prior service cost	8			(2		)	6
Employee benefit plans	868			(213		)	655
Other comprehensive (loss) income	$	(24,112	)	$	5,907		$	(18,205	)



	Six Months Ended June 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	$	5,044	$	(2,016	)	$	3,028
Reclassification adjustment for net realized gain on sale of available-for-sale securities included in net income	0		0			0
Net unrealized gains	5,044		(2,016		)	3,028

Employee benefit plans:
Amortization of net retirement plan actuarial gain	754		(302		)	452
Amortization of net retirement plan prior service credit	8		(3		)	5
Employee benefit plans	762		(305		)	457

Other comprehensive income	$	5,806	$	(2,321	)	$	3,485

Schedule of accumulated other comprehensive income

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 March 31, 2018	$	(27,644	)	$	(37,973	)	$	(65,617	)
Other comprehensive income (loss) before reclassifications	(4,028		)	0			(4,028		)
Amounts reclassified from accumulated other comprehensive (loss) income	(128		)	337			209
Net current-period other comprehensive loss	(4,156		)	337			(3,819		)
Balance at June 30, 2018	$	(31,800	)	$	(37,636	)	$	(69,436	)

Balance at January 1, 2018	$	(13,005	)	$	(38,291	)	$	(51,296	)
Other comprehensive income (loss) before reclassifications	(18,638		)	0			(18,638		)
Amounts reclassified from accumulated other comprehensive (loss) income	(222		)	655			433
Adoption of ASU 2016-01	65			0			65
Net current-period other comprehensive (loss) income	(18,860		)	655			(18,205		)
Balance at June 30, 2018	$	(31,800	)	$	(37,636	)	$	(69,436	)



(in thousands)	Available-for- Sale Securities			Employee Benefit Plans			Accumulated Other Comprehensive (Loss) Income
Balance at March 31, 2017	$	(6,718	)	$	(28,966	)	$	(35,684	)
Other comprehensive income before reclassifications	1,831			0			1,831
Amounts reclassified from accumulated other comprehensive (Loss) income	0			229			229
Net current-period other comprehensive income	1,831			229			2,060
Balance at June 30, 2017	$	(4,887	)	$	(28,737	)	$	(33,624	)

Balance at January 1, 2017	$	(7,915	)	$	(29,194	)	$	(37,109	)
Other comprehensive income before reclassifications	3,028			0			3,028
Amounts reclassified from accumulated other comprehensive (loss) income	0			457			457
Net current-period other comprehensive income	3,028			457			3,485
Balance at June 30, 2017	$	(4,887	)	$	(28,737	)	$	(33,624	)

The following tables present the amounts reclassified out of each component of accumulated other comprehensive (loss) income for the three and six months ended June 30, 2018 and 2017.



Three months ended June 30, 2018
Details about Accumulated other Comprehensive Income (Loss) 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	$	170		Net gain on securities transactions
	(42		)	Tax expense
	128			Net of tax
Employee benefit plans:
Amortization of the following²
Net retirement plan actuarial gain	(442		)	Other operating expense
Net retirement plan prior service cost	(4		)	Other operating expense
	(446		)	Total before tax
	109			Tax benefit
	(337		)	Net of tax



Six Months Ended June 30, 2018
Details about Accumulated other Comprehensive Income (Loss) 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	$	294		Net gain on securities transactions
	(72		)	Tax expense
	222			Net of tax
Employee benefit plans:
Amortization of the following²
Net retirement plan actuarial loss	(860		)	Other operating expense
Net retirement plan prior service credit	(8		)	Other operating expense
	(868		)	Total before tax
	213			Tax benefit
	(655		)	Net of tax



Three Months Ended June 30, 2017
Details about Accumulated other Comprehensive Income (Loss) 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	(397		)	Other operating expense
Net retirement plan prior service credit	15			Other operating expense
	(382		)	Total before tax
	153			Tax benefit
	(229		)	Net of tax



Six Months Ended June 30, 2017
Details about Accumulated other Comprehensive Income (Loss) 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 loss	(754		)	Other operating expense
Net retirement plan prior service cost	(8		)	Other operating expense
	(762		)	Total before tax
	305			Tax benefit
	(457		)	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”).