Other comprehensive loss

9 Months Ended

Sep. 30, 2017

2. Other comprehensive loss:

The components of other comprehensive loss and their related tax effects are reported in the Consolidated Statements of Income and Comprehensive Income. The accumulated other comprehensive loss included in the Consolidated Balance Sheets relates to net unrealized gains and losses on investment securities available-for-sale and benefit plan adjustments.

The components of accumulated other comprehensive loss included in stockholders’ equity at September 30, 2017 and December 31, 2016 is as follows:


		September 30, 2017		December 31, 2016
Net unrealized gain on investment securities available-for-sale	$	1,629	$	553
Income tax		570		193
Net of income taxes		1,059		360
Benefit plan adjustments		(6,946)		(6,946)
Income tax		(2,431)		(2,431)
Net of income taxes		(4,515)		(4,515)
Accumulated other comprehensive loss	$	(3,456)	$	(4,155)

Other comprehensive income (loss) and related tax effects for the three and nine months ended September 30, 2017 and 2016 is as follows:


Three Months Ended September 30,	2017		2016
Unrealized loss on investment securities available-for-sale	$	(381)	$	(1,120)
Net gain on the sale of investment securities available-for-sale(1)
Other comprehensive loss before taxes		(381)		(1,120)
Income tax benefit		(133)		(392)
Other comprehensive loss before taxes	$	(248)	$	(728)


Nine Months Ended September 30,	2017		2016
Unrealized gain on investment securities available-for-sale	$	1,076	$	1,003
Net gain on the sale of investment securities available-for-sale(1)				(623)
Other comprehensive income gain before taxes		1,076		380
Income tax expense		377		133
Other comprehensive income	$	699	$	247

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