Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

Mar. 31, 2018

Accumulated Other Comprehensive Loss [Abstract]

Schedule of Accumulated Other Comprehensive Loss

The following table presents the changes in each component of accumulated other comprehensive loss for the 12 months ended December 31, 2017 and the three-month periods ended March 31, 2018:



(in thousands)	Investment securities- with OTTI AFS		Investment securities- all other AFS			Investment securities- HTM	Cash Flow Hedge		Pension Plan		SERP		Total
Accumulated OCL, net:
Balance - January 1, 2017	$	(2,368)	$	(3,218)	$	(1,354)	$	422	$	(14,232)	$	(715)	$	(21,465)
Other comprehensive income/(loss) before reclassifications		31		638		0		59		(445)		(82)		201
Amounts reclassified from accumulated other comprehensive loss		(121)		36		253		0		781		105		1,054
Reclassification of certain tax effects		(481)		(435)		(246)		101		(3,170)		(152)		(4,383)
Balance – December 31, 2017	$	(2,939)	$	(2,979)	$	(1,347)	$	582	$	(17,066)	$	(844)	$	(24,593)
Other comprehensive income/(loss) before reclassifications		685		(1,085)		0		443		516		0		559
Amounts reclassified from accumulated other comprehensive loss		(40)		7		45		0		220		29		261
Balance – March 31, 2018	$	(2,294)	$	(4,057)	$	(1,302)	$	1,025	$	(16,330)	$	(815)	$	(23,773)

Components of Comprehensive Income

The following tables present the components of comprehensive income for the three-month periods ended March 31, 2018 and 2017:


Components of Comprehensive Income (in thousands)	Before Tax Amount		Tax (Expense) Benefit		Net
For the three months ended March 31, 2018
Available for sale (AFS) securities with OTTI:
Unrealized holding gains	$	939	$	(254)	$	685
Less: accretable yield recognized in income		55		(15)		40
Net unrealized gains on investments with OTTI		884		(239)		645

Available for sale securities – all other:
Unrealized holding losses		(1,487)		402		(1,085)
Less: losses recognized in income		(9)		2		(7)
Net unrealized losses on all other AFS securities		(1,478)		400		(1,078)

Held to maturity securities:
Unrealized holding gains		0		0		0
Less: amortization recognized in income		(76)		31		(45)
Net unrealized gains on HTM securities		76		(31)		45

Cash flow hedges:
Unrealized holding gains		607		(164)		443

Pension Plan:
Unrealized net actuarial gain		707		(191)		516
Less: amortization of unrecognized loss		(300)		81		(219)
Less: amortization of transition asset		0		0		0
Less: amortization of prior service costs		(2)		1		(1)
Net pension plan liability adjustment		1,009		(273)		736

SERP:
Unrealized net actuarial loss		0		0		0
Less: amortization of unrecognized loss		(41)		11		(30)
Less: amortization of prior service costs		1		0		1
Net SERP liability adjustment		40		(11)		29
Other comprehensive income	$	1,138	$	(318)	$	820


Components of Comprehensive Income (in thousands)	Before Tax Amount		Tax (Expense) Benefit		Net
For the three months ended March 31, 2017
Available for sale (AFS) securities with OTTI:
Unrealized holding gains	$	166	$	(66)	$	100
Less: accretable yield recognized in income		2		0		2
Net unrealized gains on investments with OTTI		164		(66)		98

Available for sale securities – all other:
Unrealized holding gains		122		(49)		73
Less: losses recognized in income		(9)		4		(5)
Net unrealized gains on all other AFS securities		131		(53)		78

Held to maturity securities:
Unrealized holding gains		0		0		0
Less: amortization recognized in income		(101)		40		(61)
Net unrealized gains on HTM securities		101		(40)		61

Cash flow hedges:
Unrealized holding gains		86		(34)		52

Pension Plan:
Unrealized net actuarial gain		53		(21)		32
Less: amortization of unrecognized loss		(264)		105		(159)
Less: amortization of transition asset		0		0		0
Less: amortization of prior service costs		(3)		0		(3)
Net pension plan liability adjustment		320		(126)		194

SERP:
Unrealized net actuarial loss		0		0		0
Less: amortization of unrecognized loss		(37)		14		(23)
Less: amortization of prior service costs		1		0		1
Net SERP liability adjustment		36		(14)		22
Other comprehensive income	$	838	$	(333)	$	505

Reclassification Out of Accumulated Other Comprehensive Income

The following table presents the details of amount reclassified from accumulated other comprehensive loss for the three-month periods ended March 31, 2018 and 2017:



Amounts Reclassified from Accumulated Other Comprehensive Loss (in thousands)	For the three months ended March 31, 2018		For the three months ended March 31, 2017		Affected Line Item in the Statement Where Net Income is Presented
Net unrealized gains on investment securities with OTTI:
Accretable yield	$	55	$	2	Interest income on taxable investment securities
Taxes		(15)		0	Tax expense
	$	40	$	2	Net of tax
Net unrealized gains and (losses) on available for sale investment securities - all others:
Losses on sales	$	(9)	$	(9)	Net losses
Taxes		2		4	Tax benefit
	$	(7)	$	(5)	Net of tax
Net unrealized losses on held to maturity securities:
Amortization	$	(76)	$	(101)	Interest income on taxable investment securities
Taxes		31		40	Tax benefit
	$	(45)	$	(61)	Net of tax
Net pension plan liability adjustment:
Amortization of unrecognized loss	$	(300)		(264)	Other Expense
Amortization of transition asset		0		0	Other Expense
Amortization of prior service costs		(2)		(3)	Salaries and employee benefits
Taxes		82		105	Tax benefit
	$	(220)	$	(162)	Net of tax
Net SERP liability adjustment:
Amortization of unrecognized loss	$	(41)		(37)	Other Expense
Amortization of prior service costs		1		1	Salaries and employee benefits
Taxes		11		14	Tax benefit
	$	(29)	$	(22)	Net of tax

Total reclassifications for the period	$	(261)	$	(248)	Net of tax