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Stockholders' Equity
6 Months Ended
Jun. 30, 2017
Stockholders' Equity Note [Abstract]  
Stockholders' Equity
(8)Stockholders’ Equity

 

Accumulated Other Comprehensive Loss

 

The following details the change in the components of the Company’s accumulated other comprehensive loss for the six months ended June 30, 2017 and 2016:

 

  Six months ended June 30, 2017 
     Unrecognized Net  Accumulated 
  Unrealized  Pension and  Other 
  Gain (Loss)  Postretirement  Comprehensive 
(in thousands) on Securities (1)  Costs (2)  Loss 
Balance at beginning of period $(1,936) $(1,865) $(3,801)
Other comprehensive income, before reclassifications  1,452   45   1,497 
Amounts reclassified from accumulated other comprehensive income (loss)  0   0   0 
Current period other comprehensive income, before tax  1,452   45   1,497 
Income tax expense  (552)  (18)  (570)
Current period other comprehensive income, net of tax  900   27   927 
Balance at end of period $(1,036) $(1,838) $(2,874)
             
  Six months ended June 30, 2016 
     Unrecognized Net  Accumulated 
  Unrealized  Pension and  Other 
  Gain (Loss)  Postretirement  Comprehensive 
(in thousands) on Securities (1)  Costs (2)  Loss 
Balance at beginning of period $(591) $(1,427) $(2,018)
Other comprehensive income, before reclassifications  3,357   39   3,396 
Amounts reclassified from accumulated other comprehensive income (loss)  (490)  0   (490)
Current period other comprehensive income, before tax  2,867   39   2,906 
Income tax expense  (1,090)  (14)  (1,104)
Current period other comprehensive income, net of tax  1,777   25   1,802 
Balance at end of period $1,186  $(1,402) $(216)

 

(1) The pre-tax amounts reclassified from accumulated other comprehensive loss are included in gain on sale of investment securities in the consolidated statements of income.

(2) The pre-tax amounts reclassified from accumulated other comprehensive loss are included in the computation of net periodic pension cost.