Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2018

Accumulated Other Comprehensive Income (Loss) [Abstract]

Components Of Other Comprehensive Income (Loss)


		Pre-tax						Net-of-tax
		Amount			Tax Effect			Amount
March 31, 2018
Securities available for sale and transferred securities:
Change in unrealized gain/loss during the period	$	(8,465	)	$	(2,134	)	$	(6,331	)
Reclassification adjustment for net gains included in net income ⁽¹⁾		82			21			61
Total securities available for sale and transferred securities		(8,383	)		(2,113	)		(6,270	)
Hedging derivative instruments:
Change in unrealized gain/loss during the period		(139	)		(35	)		(104	)
Pension and post-retirement obligations:
Amortization of prior service credit included in income		(18	)		(5	)		(13	)
Amortization of net actuarial loss included in income		187			47			140
Total pension and post-retirement obligations		169			42			127
Other comprehensive income	$	(8,353	)	$	(2,106	)	$	(6,247	)

March 31, 2017
Securities available for sale and transferred securities:
Change in unrealized gain/loss during the period	$	1,170		$	451		$	719
Reclassification adjustment for net gains included in net income ⁽¹⁾		(203	)		(78	)		(125	)
Total securities available for sale and transferred securities		967			373			594
Hedging derivative insturments:
Change in unrealized gain/loss during the period		-			-			-
Pension and post-retirement obligations:
Amortization of prior service credit included in income		(13	)		(4	)		(9	)
Amortization of net actuarial loss included in income		292			112			180
Total pension and post-retirement obligations		279			108			171
Other comprehensive income	$	1,246		$	481		$	765

(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.

Components Of Accumulated Other Comprehensive Income (Loss)


					Securities
					Available			Pension and			Accumulated
		Hedging			for Sale and			Post-			Other
		Derivative			Transferred			retirement			Comprehensive
		Instruments			Securities			Obligations			Income (Loss)
March 31, 2018
Balance at beginning of year	$	-		$	(3,275	)	$	(8,641	)	$	(11,916	)
Other comprehensive income (loss) before reclassifications		(104	)		(6,331	)		-			(6,435	)
Amounts reclassified from accumulated other comprehensive
income (loss)		-			61			127			188
Net current period other comprehensive income (loss)		(104	)		(6,270	)		127			(6,247	)
Balance at end of period	$	(104	)	$	(9,545	)	$	(8,514	)	$	(18,163	)

March 31, 2017
Balance at beginning of year	$	-		$	(3,729	)	$	(10,222	)	$	(13,951	)
Other comprehensive income (loss) before reclassifications		-			719			-			719
Amounts reclassified from accumulated other comprehensive
income (loss)		-			(125	)		171			46
Net current period other comprehensive income (loss)					594			171			765
Balance at end of period	$	-		$	(3,135	)	$	(10,051	)	$	(13,186	)

Amounts Reclassified Out Of Each Component Of Accumulated Other Comprehensive Income (Loss)


		Amount Reclassified from
		Accumulated Other
Details About Accumulated Other		Comprehensive					Affected Line Item in the
Comprehensive Income (Loss) Components		Income (Loss)					Consolidated Statement of Income
		Three months ended
		March 31,
		2018		2017
Realized gain on sale of investment securities	$	-		$	206		Net gain on investment securities
Amortization of unrealized holding gains (losses)
on investment securities transferred from
available for sale to held to maturity		(82	)		(3	)	Interest income
		(82	)		203		Total before tax
		21			(78	)	Income tax benefit (expense)
		(61	)		125		Net of tax
Amortization of pension and post-retirement items:
Prior service credit ⁽¹⁾		18			13		Salaries and employee benefits
Net actuarial losses ⁽¹⁾		(187	)		(292	)	Salaries and employee benefits
		(169	)		(279	)	Total before tax
		42			108		Income tax benefit
		(127	)		(171	)	Net of tax

Total reclassified for the period	$	(188	)	$	(46	)

(1) These items are included in the computation of net periodic pension expense. See Note 11 – Employee Benefit Plans for additional information.