Accumulated Other Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2016

The following tables present the activity in accumulated other comprehensive income (“AOCI”), net of tax, by component for the periods indicated:


	Three Months Ended September 30, 2016
(Amounts in thousands)	Unrealized Gains (Losses) on Available- for-Sale Securities			Employee Benefit Plans			Total
Beginning balance	$	(1,706	)	$	(1,311	)	$	(3,017	)
Other comprehensive income (loss) before reclassifications		465			(2	)		463
Reclassified from AOCI		2,881			43			2,924

Net comprehensive income		3,346			41			3,387

Ending balance	$	1,640		$	(1,270	)	$	370


	Three Months Ended September 30, 2015
(Amounts in thousands)	Unrealized Gains (Losses) on Available- for-Sale Securities			Employee Benefit Plan			Total
Beginning balance	$	(4,899	)	$	(1,299	)	$	(6,198	)
Other comprehensive income before reclassifications		2,385			—			2,385
Reclassified from AOCI		24			51			75

Net comprehensive income		2,409			51			2,460

Ending balance	$	(2,490	)	$	(1,248	)	$	(3,738	)


	Nine Months Ended September 30, 2016
(Amounts in thousands)	Unrealized Gains (Losses) on Available- for-Sale Securities			Employee Benefit Plans			Total
Beginning balance	$	(3,885	)	$	(1,362	)	$	(5,247	)
Other comprehensive income (loss) before reclassifications		2,588			(36	)		2,552
Reclassified from AOCI		2,937			128			3,065

Net comprehensive income		5,525			92			5,617

Ending balance	$	1,640		$	(1,270	)	$	370


	Nine Months Ended September 30, 2015
(Amounts in thousands)	Unrealized Gains (Losses) on Available- for-Sale Securities			Employee Benefit Plan			Total
Beginning balance	$	(4,266	)	$	(1,339	)	$	(5,605	)
Other comprehensive income (loss) before reclassifications		1,870			(62	)		1,808
Reclassified from AOCI		(94	)		153			59

Net comprehensive income		1,776			91			1,867

Ending balance	$	(2,490	)	$	(1,248	)	$	(3,738	)

The following table presents reclassifications out of AOCI by component for the periods indicated:


	Three Months Ended September 30,						Nine Months Ended September 30,						Income Statement Line Item Affected
(Amounts in thousands)	2016			2015			2016			2015			Income Statement Line Item Affected
Available-for-sale securities
Gains (losses) recognized		25			(39	)		(53	)		151		Net gain (loss) on sale of securities
Credit-related OTTI recognized		(4,635	)		—			(4,646	)		—		Net impairment losses recognized in earnings

Reclassified out of AOCI, before tax		(4,610	)		(39	)		(4,699	)		151		Income before income taxes
Income tax effect		(1,729	)		(15	)		(1,762	)		57		Income tax expense

Reclassified out of AOCI, net of tax		(2,881	)		(24	)		(2,937	)		94		Net income
Employee benefit plans
Amortization of prior service cost		(57	)		(65	)		(170	)		(195	)	(1)
Amortization of net actuarial benefit cost		(12	)		(17	)		(35	)		(50	)	(1)

Reclassified out of AOCI, before tax		(69	)		(82	)		(205	)		(245	)	Income before income taxes
Income tax effect		(26	)		(31	)		(77	)		(92	)	Income tax expense

Reclassified out of AOCI, net of tax		(43	)		(51	)		(128	)		(153	)	Net income

Total reclassified out of AOCI, net of tax	$	(2,924	)	$	(75	)	$	(3,065	)	$	(59	)	Net income

(1)	Amortization is included in net periodic pension cost. See Note 11, “Employee Benefit Plans.”