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Other comprehensive income (loss) (Tables)
9 Months Ended
Sep. 30, 2015
Equity [Abstract]  
Components of Accumulated Other Comprehensive Loss

 

 

 

 

 

 

 

 

 

    

 

September 30, 2015

    

 

December 31, 2014

 

Net unrealized gain on investment securities available-for-sale

 

$

5,447

 

$

6,292

 

Income tax expense (benefit)

 

 

1,906

 

 

2,202

 

Net of income taxes

 

 

3,541

 

 

4,090

 

Benefit plan adjustments

 

 

(7,567)

 

 

(7,567)

 

Income tax expense (benefit)

 

 

(2,648)

 

 

(2,648)

 

Net of income taxes

 

 

(4,919)

 

 

(4,919)

 

Accumulated other comprehensive loss

 

$

(1,378)

 

$

(829)

 

 

Other Comprehensive Income (Loss) and Related Tax Effects

Other comprehensive income (loss) and related tax effects for the three and nine months ended September 30, 2015 and 2014 is as follows:

 

 

 

 

 

 

 

 

 

Three Months Ended September 30, 

    

2015

    

2014

 

Unrealized gain (loss) on investment securities available-for-sale

 

$

826

 

$

(825)

 

Net gain on the sale of investment securities available-for-sale(1)

 

 

(147)

 

 

(701)

 

Other comprehensive income (loss) gain before taxes

 

 

679

 

 

(1,526)

 

Income tax expense (benefit)

 

 

237

 

 

(534)

 

Other comprehensive income (loss)

 

$

442

 

$

(992)

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 

    

2015

    

2014

 

Unrealized gain (loss) on investment securities available-for-sale

 

$

134

 

$

2,811

 

Net gain on the sale of investment securities available-for-sale(1)

 

 

(979)

 

 

(861)

 

Other comprehensive income (loss) gain before taxes

 

 

(845)

 

 

1,950

 

Income tax expense (benefit)

 

 

(296)

 

 

682

 

Other comprehensive income (loss)

 

$

(549)

 

$

1,268

 

 


(1)Represents amounts reclassified out of accumulated comprehensive income and included in gains on sale of investment securities on the consolidated statements of income and comprehensive income.