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Note 11 - Accumulated Other Comprehensive Income
6 Months Ended
Jun. 30, 2017
Notes to Financial Statements  
Comprehensive Income (Loss) Note [Text Block]
Note
11.
Accumulated Other Comprehensive Income
 
The following tables present the activity in accumulated other comprehensive income (“AOCI”), net of tax and by component, during the periods indicated:
 
 
 
 
Three Months Ended June 30, 2017
 
 
 
Unrealized Gains
(Losses) on Available-
for-Sale Securities
 
 
Employee Benefit Plans
 
 
Total
 
(Amounts in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
  $
(137
)   $
(1,344
)   $
(1,481
)
Other comprehensive income
before reclassifications
   
1,028
     
-
     
1,028
 
Reclassified from AOCI
   
411
     
41
     
452
 
Other comprehensive income, net
   
1,439
     
41
     
1,480
 
Ending balance
  $
1,302
    $
(1,303
)   $
(1
)
 
 
 
Three Months Ended June 30, 2016
 
 
 
Unrealized Gains
(Losses) on Available-
for-Sale Securities
 
 
Employee Benefit Plan
 
 
Total
 
(Amounts in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
  $
(4,337
)   $
(1,396
)   $
(5,733
)
Other comprehensive income
before reclassifications
   
2,575
     
44
     
2,619
 
Reclassified from AOCI
   
56
     
41
     
97
 
Other comprehensive income, net
   
2,631
     
85
     
2,716
 
Ending balance
  $
(1,706
)   $
(1,311
)   $
(3,017
)
 
 
 
Six Months Ended June 30, 2017
 
 
 
Unrealized Gains
(Losses) on Available-
for-Sale Securities
 
 
Employee Benefit Plans
 
 
Total
 
(Amounts in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
  $
(544
)   $
(1,467
)   $
(2,011
)
Other comprehensive income
before reclassifications
   
1,435
     
83
     
1,518
 
Reclassified from AOCI
   
411
     
81
     
492
 
Other comprehensive income, net
   
1,846
     
164
     
2,010
 
Ending balance
  $
1,302
    $
(1,303
)   $
(1
)
 
 
 
Six Months Ended June 30, 2016
 
 
 
Unrealized Gains
(Losses) on Available-
for-Sale Securities
 
 
Employee Benefit Plan
 
 
Total
 
(Amounts in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
  $
(3,885
)   $
(1,362
)   $
(5,247
)
Other comprehensive income (loss)
before reclassifications
   
2,123
     
(34
)    
2,089
 
Reclassified from AOCI
   
56
     
85
     
141
 
Other comprehensive income, net
   
2,179
     
51
     
2,230
 
Ending balance
  $
(1,706
)   $
(1,311
)   $
(3,017
)
 
The following table presents reclassifications out of AOCI, by component, during the periods indicated:
 
 
 
 
Three Months Ended
 
 
Six Months Ended
 
 
 
 
 
 
 
June 30,
 
 
June 30,
 
 
Income Statement
 
(Amounts in thousands)
 
2017
 
 
2016
 
 
2017
 
 
2016
 
 
Line Item Affected
 
Available-for-sale securities
                                       
Loss recognized
  $
657
    $
79
    $
657
    $
78
   
Net gain (loss) on sale of securities
 
Credit-related OTTI recognized
   
-
     
11
     
-
     
11
   
Net impairment losses recognized in earnings
 
Reclassified out of AOCI, before tax
   
657
     
90
     
657
     
89
   
Income before income taxes
 
Income tax expense
   
246
     
34
     
246
     
33
   
Income tax expense
 
Reclassified out of AOCI, net of tax
   
411
     
56
     
411
     
56
   
Net income
 
Employee benefit plans
                                       
Amortization of prior service cost
   
57
     
56
     
114
     
113
   
(1)
 
Amortization of net actuarial
benefit cost
   
8
     
9
     
15
     
23
   
(1)
 
Reclassified out of AOCI, before tax
   
65
     
65
     
129
     
136
   
Income before income taxes
 
Income tax expense
   
24
     
24
     
48
     
51
   
Income tax expense
 
Reclassified out of AOCI, net of tax
   
41
     
41
     
81
     
85
   
Net income
 
Total reclassified out of AOCI, net of tax
  $
452
    $
97
    $
492
    $
141
   
Net income
 
_______________________________________ 
(
1
)
 
Amortization is included in net periodic pension cost. See Note
10,
"Employee Benefit Plans."