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Other Comprehensive Income (Loss) (Tables)
 6 Months Ended
Jun. 30, 2019
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, 2019 and 2018.

 
Three Months Ended June 30, 2019
(In thousands)
Before-Tax
Amount
 
Tax (Expense)
Benefit
 
Net of Tax
Available-for-sale securities:
 
 
 
 
 
Change in net unrealized gain/loss during the period
$
14,140

 
$
(3,464
)
 
$
10,676

Reclassification adjustment for net realized gain on sale of available-for-sale securities included in net income
(271
)
 
67

 
(204
)
Net unrealized gains/losses
13,869

 
(3,397
)
 
10,472

 
 
 
 
 
 
Employee benefit plans:
 
 
 
 
 
Amortization of net retirement plan actuarial gain
400

 
(98
)
 
302

Amortization of net retirement plan prior service cost
3

 
(1
)
 
2

Employee benefit plans
403

 
(99
)
 
304

Other comprehensive income
$
14,272

 
$
(3,496
)
 
$
10,776

 
 
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
$
(5,059
)
 
$
1,240

 
$
(3,819
)
Schedule of accumulated other comprehensive income
 
Six Months Ended June 30, 2019
(In thousands)
Before-Tax
Amount
 
Tax (Expense)
Benefit
 
Net of Tax
Available-for-sale securities:
 
 
 
 
 
Change in net unrealized gain/loss during the period
$
29,892

 
$
(7,322
)
 
$
22,570

Reclassification adjustment for net realized gain on sale of available-for-sale securities included in net income
(271
)
 
67

 
(204
)
Net unrealized gains/losses
29,621

 
(7,255
)
 
22,366

 
 
 
 
 
 
Employee benefit plans:
 
 
 
 
 
Amortization of net retirement plan actuarial loss
821

 
(201
)
 
620

Amortization of net retirement plan prior service cost
7

 
(2
)
 
5

Employee benefit plans
828

 
(203
)
 
625

Other comprehensive income
$
30,449

 
$
(7,458
)
 
$
22,991


 
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 loss
860

 
(211
)
 
649

Amortization of net retirement plan prior service cost
8

 
(2
)
 
6

Employee benefit plans
868

 
(213
)
 
655

Other comprehensive loss
$
(24,112
)
 
$
5,907

 
$
(18,205
)


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, 2019
$
(11,695
)
 
$
(39,255
)
 
$
(50,950
)
Other comprehensive income (loss) before reclassifications
10,676

 
0

 
10,676

Amounts reclassified from accumulated other comprehensive (loss) income
(204
)
 
304

 
100

Net current-period other comprehensive income
10,472

 
304

 
10,776

Balance at June 30, 2019
$
(1,223
)
 
$
(38,951
)
 
$
(40,174
)
 
 
 
 
 
 
Balance at January 1, 2019
$
(23,589
)
 
$
(39,576
)
 
$
(63,165
)
Other comprehensive income (loss) before reclassifications
22,570

 
0

 
22,570

Amounts reclassified from accumulated other comprehensive (loss) income
(204
)
 
625

 
421

Net current-period other comprehensive income
22,366

 
625

 
22,991

Balance at June 30, 2019
$
(1,223
)
 
$
(38,951
)
 
$
(40,174
)

(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

Net current-period other comprehensive loss
(18,860
)
 
655

 
(18,205
)
Adoption of ASU 2016-01
$
65

 
$
0

 
65

Balance at June 30, 2018
$
(31,800
)
 
$
(37,636
)
 
$
(69,436
)

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, 2019 and 2018. 
Three Months Ended June 30, 2019
 
 
 
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
$
271

 
Net gain on securities transactions
 
(67
)
 
Tax expense
 
204

 
Net of tax
Employee benefit plans:
 
 
 
Amortization of the following 2
 
 
 
Net retirement plan actuarial loss
(400
)
 
Other operating expense
Net retirement plan prior service cost
(3
)
 
Other operating expense
 
(403
)
 
Total before tax
 
99

 
Tax benefit
 
(304
)
 
Net of tax
 
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 loss
(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, 2019
 
 
 
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
$
271

 
Net gain on securities transactions
 
(67
)
 
Tax expense
 
204

 
Net of tax
Employee benefit plans:
 
 
 
Amortization of the following2
 
 
 
Net retirement plan actuarial loss
(821
)
 
Other operating expense
Net retirement plan prior service cost
(7
)
 
Other operating expense
 
(828
)
 
Total before tax
 
203

 
Tax benefit
 
(625
)
 
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 cost
(8
)
 
Other operating expense
 
(868
)
 
Total before tax
 
213

 
Tax benefit
 
(655
)
 
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”).