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Accumulated Other Comprehensive Income (Loss)
 12 Months Ended
Dec. 31, 2014
Accumulated Other Comprehensive Income (Loss) [Abstract]  
Accumulated Other Comprehensive Income (Loss)

(13.) ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table presents the components of other comprehensive income (loss) for the years ended December 31 (in thousands):

  Pre-tax           Net-of-tax  
    Amount     Tax Effect     Amount  
2014                  
Securities available for sale and transferred securities:                  
Change in unrealized gain/loss during the period $ 14,008   $ 5,549   $ 8,459  
Reclassification adjustment for net gains included in net income (1)   (2,478 )   (981 )   (1,497 )
Total securities available for sale and transferred securities   11,530     4,568     6,962  
Pension and post-retirement obligations:                  
Net actuarial gains (losses) arising during the year   (9,709 )   (3,846 )   (5,863 )
Amortization of net actuarial loss and prior service cost included in income   128     51     77  
Total pension and post-retirement obligations   (9,581 )   (3,795 )   (5,786 )
Other comprehensive income $ 1,949   $ 773   $ 1,176  
 
2013                  
Securities available for sale and transferred securities:                  
Change in unrealized gain/loss during the period $ (34,135 ) $ (13,522 ) $ (20,613 )
Reclassification adjustment for net gains included in net income (1)   (1,298 )   (514 )   (784 )
Total securities available for sale and transferred securities   (35,433 )   (14,036 )   (21,397 )
Pension and post-retirement obligations:                  
Net actuarial gains (losses) arising during the year   11,860     4,698     7,162  
Amortization of net actuarial loss and prior service cost included in income   1,316     521     795  
Total pension and post-retirement obligations   13,176     5,219     7,957  
Other comprehensive loss $ (22,257 ) $ (8,817 ) $ (13,440 )
 
2012                  
Securities available for sale:                  
Change in unrealized gain/loss during the period $ 6,682   $ 2,646   $ 4,036  
Reclassification adjustment for gains and included in income   (2,651 )   (1,050 )   (1,601 )
Reclassification adjustment for impairment charges included in income   91     36     55  
Total securities available for sale   4,122     1,632     2,490  
Pension and post-retirement obligations:                  
Net actuarial gains (losses) arising during the year   (1,643 )   (650 )   (993 )
Amortization of net actuarial loss and prior service cost included in income   1,343     532     811  
Total pension and post-retirement obligations   (300 )   (118 )   (182 )
Other comprehensive income $ 3,822   $ 1,514   $ 2,308  

(1) Includes amounts related to the amortization/accretion of unrealized net gains and losses related to the Company's reclassification of available for sale investment securities to the held to maturity category. The unrealized net gains/losses will be amortized/accreted over the remaining life of the investment securities as an adjustment of yield.

Activity in accumulated other comprehensive income (loss), net of tax, was as follows (in thousands):

    Securities              
    Available for     Pension and     Accumulated  
    Sale and     Post-     Other  
    Transferred     retirement     Comprehensive  
    Securities     Obligations     Income (Loss)  
Balance at January 1, 2014 $ (5,337 ) $ (4,850 ) $ (10,187 )
Other comprehensive income (loss) before reclassifications   8,459     (5,863 )   2,596  
Amounts reclassified from accumulated other comprehensive income   (1,497 )   77     (1,420 )
Net current period other comprehensive (loss) income   6,962     (5,786 )   1,176  
Balance at December 31, 2014 $ 1,625   $ (10,636 ) $ (9,011 )
 
 
Balance at January 1, 2013 $ 16,060   $ (12,807 ) $ 3,253  
Other comprehensive income (loss) before reclassifications   (20,613 )   7,162     (13,451 )
Amounts reclassified from accumulated other comprehensive income   (784 )   795     11  
Net current period other comprehensive income (loss)   (21,397 )   7,957     (13,440 )
Balance at December 31, 2013 $ (5,337 ) $ (4,850 ) $ (10,187 )
 
 
Balance at January 1, 2012 $ 13,570   $ (12,625 ) $ 945  
Other comprehensive income (loss) before reclassifications   4,036     (993 )   3,043  
Amounts reclassified from accumulated other comprehensive loss   (1,546 )   811     (735 )
Net current period other comprehensive income (loss)   2,490     (182 )   2,308  
Balance at December 31, 2012 $ 16,060   $ (12,807 ) $ 3,253  

 

The following table presents the amounts reclassified out of each component of accumulated other comprehensive income (loss) for the years ended December 31 (in thousands):

    Amount Reclassified from    
Details About Accumulated Other   Accumulated Other   Affected Line Item in the
Comprehensive Income Components   Comprehensive Income   Consolidated Statement of Income
    2014     2013    
Realized gain on sale of investment securities $ 2,041   $ 1,226   Net gain on disposal of investment securities
Amortization of unrealized holding gains (losses)              
on investment securities transferred from              
available for sale to held to maturity   437     72   Interest income
    2,478     1,298   Total before tax
    (981 )   (514 ) Income tax expense
    1,497     784   Net of tax
Amortization of pension and post-retirement items:              
Prior service credit (1)   48     47   Salaries and employee benefits
Net actuarial losses (1)   (176 )   (1,363 ) Salaries and employee benefits
    (128 )   (1,316 ) Total before tax
    51     521   Income tax benefit
    (77 )   (795 ) Net of tax
Total reclassified for the period $ 1,420   $ (11 )  

(1) These items are included in the computation of net periodic pension expense. See Note 17 – Employee Benefit Plans for additional information.