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Other Comprehensive Income (Loss)
 3 Months Ended
Mar. 31, 2019
Stockholders' Equity Note [Abstract]  
Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss)

The following tables present reclassifications out of the accumulated other comprehensive income (loss) for the three month period ended March 31, 2019 and 2018.

 
Three Months Ended March 31, 2019
(in thousands)
Before-Tax
Amount
 
Tax (Expense)
Benefit
 
Net of Tax
Available-for-sale securities:
 
 
 
 
 
Change in net unrealized gain/loss during the period
$
15,756

 
$
(3,862
)
 
$
11,894

Reclassification adjustment for net realized gain on sale of available-for-sale securities included in net income
0

 
0

 
0

Net unrealized gains/losses
15,756

 
(3,862
)
 
11,894

 
 
 
 
 
 
Employee benefit plans:
 
 
 
 
 
Amortization of net retirement plan actuarial gain
421

 
(103
)
 
318

Amortization of net retirement plan prior service cost
4

 
(1
)
 
3

Employee benefit plans
425

 
(104
)
 
321

Other comprehensive income (loss)
$
16,181

 
$
(3,966
)
 
$
12,215

 
 
Three Months Ended March 31, 2018
(in thousands)
Before-Tax
Amount
 
Tax (Expense)
Benefit
 
Net of Tax
Available-for-sale securities:
 
 
 
 
 
Change in net unrealized gain/loss during the period
$
(19,351
)
 
$
4,741

 
$
(14,610
)
Reclassification adjustment for net realized gain on sale of available-for-sale securities included in net income
(124
)
 
30

 
(94
)
Net unrealized gains/losses
(19,475
)
 
4,771

 
(14,704
)
 
 
 
 
 
 
Employee benefit plans:
 
 
 
 
 
Amortization of net retirement plan actuarial gain
417

 
(102
)
 
315

Amortization of net retirement plan prior service cost
4

 
(1
)
 
3

Employee benefit plans
421

 
(103
)
 
318

Other comprehensive loss
$
(19,054
)
 
$
4,668

 
$
(14,386
)
 

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 January 1, 2019
$
(23,589
)
 
$
(39,576
)
 
$
(63,165
)
Other comprehensive income (loss) before reclassifications
11,894

 
0

 
11,894

Amounts reclassified from accumulated other comprehensive (loss) income
0

 
321

 
321

Net current-period other comprehensive (loss) income
11,894

 
321

 
12,215

Balance at March 31, 2019
$
(11,695
)
 
$
(39,255
)
 
$
(50,950
)
 
 
 
 
 
 
Balance at January 1, 2018
$
(13,005
)
 
$
(38,291
)
 
$
(51,296
)
Other comprehensive income (loss) before reclassifications
(14,610
)
 
0

 
(14,610
)
Amounts reclassified from accumulated other comprehensive (loss) income
(94
)
 
318

 
224

Net current-period other comprehensive (loss) income
(14,704
)
 
318

 
(14,386
)
Adoption of ASU 2016-01
65

 
0

 
65

Balance at March 31, 2018
$
(27,644
)
 
$
(37,973
)
 
$
(65,617
)


The following tables present the amounts reclassified out of each component of accumulated other comprehensive (loss) income for the three months ended March 31, 2019 and 2018. 
Three Months Ended March 31, 2019
 
 
 
Details about Accumulated other Comprehensive Income (Loss) 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 following 2
 
 
 
Net retirement plan actuarial loss
(421
)
 
Other operating expense
Net retirement plan prior service cost
(4
)
 
Other operating expense
 
(425
)
 
Total before tax
 
104

 
Tax benefit
 
(321
)
 
Net of tax
 
Three Months Ended March 31, 2018
 
 
 
Details about Accumulated other Comprehensive Income (Loss) 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
$
124

 
Net gain on securities transactions
 
(30
)
 
Tax expense
 
94

 
Net of tax
Employee benefit plans:
 
 
 
Amortization of the following 2
 
 
 
Net retirement plan actuarial loss
(417
)
 
Other operating expense
Net retirement plan prior service cost
(4
)
 
Other operating expense
 
(421
)
 
Total before tax
 
103

 
Tax benefit
 
(318
)
 
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 9 - “Employee Benefit Plan”).