Other Comprehensive Income (Loss)

The following tables present reclassifications out of the accumulated other comprehensive income (loss) for the three and six month periods ended June 30, 2017 and 2016.



	Three Months Ended June 30, 2017
(in thousands)	Before-Tax Amount			Tax (Expense) Benefit			Net of Tax
Available-for-sale securities:
Change in net unrealized gain/loss during the period	$	3,051		$	(1,220	)	$	1,831
Reclassification adjustment for net realized gain on sale of available-for-sale securities included in net income	0			0			0
Net unrealized gains	3,051			(1,220		)	1,831

Employee benefit plans:
Amortization of net retirement plan actuarial gain	397			(159		)	238
Amortization of net retirement plan prior service cost	(15		)	6			(9		)
Employee benefit plans	382			(153		)	229
Other comprehensive income	$	3,433		$	(1,373	)	$	2,060



	Three Months Ended June 30, 2016
(in thousands)	Before-Tax Amount			Tax (Expense) Benefit			Net of Tax
Available-for-sale securities:
Change in net unrealized gain/loss during the period	$	8,362		$	(3,344	)	$	5,018
Reclassification adjustment for net realized gain on sale of available-for-sale securities included in net income	(240		)	96			(144		)
Net unrealized gains	8,122			(3,248		)	4,874

Employee benefit plans:
Amortization of net retirement plan actuarial gain	326			(131		)	195
Amortization of net retirement plan prior service cost	8			(3		)	5
Employee benefit plans	334			(134		)	200
Other comprehensive income	$	8,456		$	(3,382	)	$	5,074



	Six Months Ended June 30, 2017
(in thousands)	Before-Tax Amount		Tax (Expense) Benefit			Net of Tax
Available-for-sale securities:
Change in net unrealized gain/loss during the period	$	5,044	$	(2,016	)	$	3,028
Reclassification adjustment for net realized gain on sale of available-for-sale securities included in net income	0		0			0
Net unrealized gains	5,044		(2,016		)	3,028

Employee benefit plans:
Amortization of net retirement plan actuarial gain	754		(302		)	452
Amortization of net retirement plan prior service cost	8		(3		)	5
Employee benefit plans	762		(305		)	457
Other comprehensive income	$	5,806	$	(2,321	)	$	3,485



	Six Months Ended June 30, 2016
(in thousands)	Before-Tax Amount			Tax (Expense) Benefit			Net of Tax
Available-for-sale securities:
Change in net unrealized gain/loss during the period	$	29,317		$	(11,724	)	$	17,593
Reclassification adjustment for net realized gain on sale of available-for-sale securities included in net income	(472		)	189			(283		)
Net unrealized gains	28,845			(11,535		)	17,310

Employee benefit plans:
Amortization of net retirement plan actuarial gain	669			(268		)	401
Amortization of net retirement plan prior service credit	38			(15		)	23
Employee benefit plans	707			(283		)	424

Other comprehensive income	$	29,552		$	(11,818	)	$	17,734

The following table presents the activity in our accumulated other comprehensive income (loss) for the periods indicated:



(in thousands)	Available-for- Sale Securities			Employee Benefit Plans			Accumulated Other Comprehensive (Loss) Income
Balance at March 31, 2017	$	(6,718	)	$	(28,966	)	$	(35,684	)
Other comprehensive income before reclassifications	1,831			0			1,831
Amounts reclassified from accumulated other comprehensive (loss) income	0			229			229
Net current-period other comprehensive income	1,831			229			2,060
Balance at June 30, 2017	$	(4,887	)	$	(28,737	)	$	(33,624	)

Balance at January 1, 2017	$	(7,915	)	$	(29,194	)	$	(37,109	)
Other comprehensive income before reclassifications	3,028			0			3,028
Amounts reclassified from accumulated other comprehensive (loss) income	0			457			457
Net current-period other comprehensive income	3,028			457			3,485
Balance at June 30, 2017	$	(4,887	)	$	(28,737	)	$	(33,624	)



(in thousands)	Available-for- Sale Securities			Employee Benefit Plans			Accumulated Other Comprehensive (Loss) Income
Balance at March 31, 2016	$	9,692		$	(28,033	)	$	(18,341	)
Other comprehensive income before reclassifications	5,018			0			5,018
Amounts reclassified from accumulated other comprehensive (loss) income	(144		)	200			56
Net current-period other comprehensive income	4,874			200			5,074
Balance at June 30, 2016	$	14,566		$	(27,833	)	$	(13,267	)

Balance at January 1, 2016	$	(2,744	)	$	(28,257	)	$	(31,001	)
Other comprehensive income before reclassifications	17,593			0			17,593
Amounts reclassified from accumulated other comprehensive (loss) income	(283		)	424			141
Net current-period other comprehensive income	17,310			424			17,734
Balance at June 30, 2016	$	14,566		$	(27,833	)	$	(13,267	)

The following tables present the amounts reclassified out of each component of accumulated other comprehensive (loss) income for the three and six months ended June 30, 2017 and 2016.



Three months ended June 30, 2017
Details about Accumulated other Comprehensive Income Components (in thousands)	Amount Reclassified from Accumulated Other Comprehensive (Loss) Income¹			Affected Line Item in the Statement Where Net Income is Presented
Available-for-sale securities:
Unrealized gains and losses on available-for-sale securities	$	0		Net gain on securities transactions
	0			Tax expense
	0			Net of tax
Employee benefit plans:
Amortization of the following²
Net retirement plan actuarial gain	(397		)	Pension and other employee benefits
Net retirement plan prior service cost	15			Pension and other employee benefits
	(382		)	Total before tax
	153			Tax benefit
	(229		)	Net of tax



Six Months Ended June 30, 2017
Details about Accumulated other Comprehensive Income Components (in thousands)	Amount Reclassified from Accumulated Other Comprehensive Income¹			Affected Line Item in the Statement Where Net Income is Presented
Available-for-sale securities:
Unrealized gains and losses on available-for-sale securities	$	0		Net gain on securities transactions
	0			Tax expense
	0			Net of tax
Employee benefit plans:
Amortization of the following²
Net retirement plan actuarial loss	(754		)	Pension and other employee benefits
Net retirement plan prior service credit	(8		)	Pension and other employee benefits
	(762		)	Total before tax
	305			Tax benefit
	(457		)	Net of tax



Three Months Ended June 30, 2016
Details about Accumulated other Comprehensive Income Components (in thousands)	Amount Reclassified from Accumulated Other Comprehensive (Loss) Income¹			Affected Line Item in the Statement Where Net Income is Presented
Available-for-sale securities:
Unrealized gains and losses on available-for-sale securities	$	240		Net gain on securities transactions
	(96		)	Tax expense
	144			Net of tax
Employee benefit plans:
Amortization of the following ²
Net retirement plan actuarial gain	(326		)	Pension and other employee benefits
Net retirement plan prior service credit	(8		)	Pension and other employee benefits
	(334		)	Total before tax
	134			Tax benefit
	(200		)	Net of tax



Six Months Ended June 30, 2016
Details about Accumulated other Comprehensive Income Components (in thousands)	Amount Reclassified from Accumulated Other Comprehensive (Loss) Income¹			Affected Line Item in the Statement Where Net Income is Presented
Available-for-sale securities:
Unrealized gains and losses on available-for-sale securities	$	472		Net gain on securities transactions
	(189		)	Tax expense
	283			Net of tax
Employee benefit plans:
Amortization of the following ²
Net retirement plan actuarial loss	(669		)	Pension and other employee benefits
Net retirement plan prior service cost	(38		)	Pension and other employee benefits
	(707		)	Total before tax
	283			Tax benefit
	(424		)	Net of tax

1 Amounts in parentheses indicated debits in income statement.

2 The accumulated other comprehensive (loss) income components are included in the computation of net periodic benefit cost (See Note 10 - “Employee Benefit Plan”).