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Other Comprehensive Income (Loss)
 6 Months Ended
Jun. 30, 2018
Equity [Abstract]  
Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss)

The following tables present the components of other comprehensive income (loss), both gross and net of tax, for the three and six months ended June 30, 2018 and 2017:

For the Three Months Ended

June 30, 2018

June 30, 2017

Before Tax

Tax Effect

After Tax

Before Tax

Tax Effect

After Tax

(In thousands)
Components of Other Comprehensive (Loss) Income:











Unrealized gains and losses on securities available-for-sale:











Net (losses) gains arising during the period
$
(5,623
)

2,763


(2,860
)

2,689


(950
)

$
1,739

Accretion of unrealized loss on securities reclassified as held-to-maturity
80


(83
)

(3
)

—


—


—

Reclassification adjustment for gains included in net income
—


—


—


—


—


—


(5,543
)

2,680


(2,863
)

2,689


(950
)

1,739













     Unrealized gain (loss) on swap contract
297


(133
)

164


(57
)

20


(37
)

297


(133
)

164


(57
)

20


(37
)












Employee benefit plans:











Amortization of prior service cost included in net income
—


—


—


—


—


—

Reclassification adjustment of actuarial net (loss) gain included in net income
—


—


—


—


(2
)

(2
)
Change in funded status of retirement obligations
—


2,323


2,323


—


72


72


—


2,323


2,323


—


70


70

Total other comprehensive (loss) income
$
(5,246
)

4,870


(376
)

2,632


(860
)

$
1,772



For the Six Months Ended

June 30, 2018

June 30, 2017

Before Tax

Tax Effect

After Tax

Before Tax

Tax Effect

After Tax

(In thousands)
Components of Other Comprehensive (Loss) Income:

















Unrealized gains and losses on securities available-for-sale:

















Net (losses) gains arising during the period
$
(17,261
)

4,433


(12,828
)

3,340


(1,206
)

$
2,134

Accretion of unrealized loss on securities reclassified as held-to-maturity
(16
)

14


(2
)

—


—


—

Reclassification adjustment for gains included in net income
116


(29
)

87


—


—


—


(17,161
)

4,418


(12,743
)

3,340


(1,206
)

2,134



















     Unrealized gain (loss) on swap contract
678


(172
)

506


(48
)

17


(31
)

678


(172
)

506


(48
)

17


(31
)


















Employee benefit plans:

















Amortization of prior service cost included in net income
148


(30
)

118


—


—


—

Reclassification adjustment of actuarial net loss included in net income
673


(146
)

527


—


(5
)

(5
)
Change in funded status of retirement obligations
(819
)

2,085


1,266


—


(74
)

(74
)

2


1,909


1,911


—


(79
)

(79
)
Total other comprehensive (loss) income
$
(16,481
)

6,155


(10,326
)

3,292


(1,268
)

$
2,024



The following tables present the changes in the components of accumulated other comprehensive (loss) income, net of tax, for the three and six months ended June 30, 2018 and 2017:

For the Three Months Ended

June 30, 2018

June 30, 2017

Unrealized (Losses) Gains on Securities Available-for- Sale

Unrealized Gains (Losses) on Swaps

Employee Benefit Plans
 
Accumulated Other Comprehensive Loss

Unrealized (Losses) Gains on Securities Available-for- Sale

Unrealized Gains (Losses) on Swaps

Employee Benefit Plans
 
Accumulated Other Comprehensive Loss

(In Thousands)

(In Thousands)
Balance at beginning of year
$
(17,223
)

566


(58,703
)
 
(75,360
)

(8,885
)

6


(57,031
)
 
$
(65,910
)
Current period changes in other comprehensive (loss) income
(2,863
)

164


2,323

 
(376
)

1,739


(37
)

70

 
1,772

Total other comprehensive (loss) income
$
(20,086
)

730


(56,380
)
 
(75,736
)

(7,146
)

(31
)

(56,961
)
 
$
(64,138
)


For the Six Months Ended

June 30, 2018

June 30, 2017

Unrealized (Losses) Gains on Securities Available-for- Sale

Unrealized Gains (Losses) on Swaps

Employee Benefit Plans
 
Accumulated Other Comprehensive Loss

Unrealized (Losses) Gains on Securities Available-for- Sale

Unrealized Gains (Losses) on Swaps

Employee Benefit Plans
 
Accumulated Other Comprehensive Loss
 
(In Thousands)

(In Thousands)
Balance at beginning of year
$
(7,279
)

224


(58,355
)
 
(65,410
)

(9,279
)

—


(56,883
)
 
$
(66,162
)
Current period changes in other comprehensive (loss) income
(12,743
)

506


1,911

 
(10,326
)

2,134


(31
)

(79
)
 
2,024

Total other comprehensive (loss) income
$
(20,022
)

730


(56,444
)
 
(75,736
)

(7,145
)

(31
)

(56,962
)
 
$
(64,138
)
    
The following table reflects amounts reclassified from accumulated other comprehensive (loss) income to the consolidated statements of income and the affected line item in the statement where net income is presented for the three and six months ended June 30, 2018 and 2017:


For the Three Months Ended




6/30/2018

6/30/2017


 
 
(In Thousands)
 
 
Accumulated other Comprehensive (Loss) Income Components





Affected line items in the Consolidated Statements of Income
Reclassification adjustment for gains included in net income

$
—


$
—


Gains on securities transactions, net
Reclassification adjustment of actuarial net gain included in net income

—


—


Compensation and employee benefits expense
      Total before tax

—


—



      Income tax benefit

—


(2
)


      Net of tax

$
—


$
(2
)





For the Six Months Ended




6/30/2018

6/30/2017


 
 
(In Thousands)
 
 
Accumulated other Comprehensive (Loss) Income Components





Affected line items in the Consolidated Statements of Income
Reclassification adjustment for gains included in net income

$
116


$
—


Gains on securities transactions, net
Reclassification adjustment of actuarial net gain included in net income

673


—


Compensation and employee benefits expense
      Total before tax

789


—



      Income tax benefit

(175
)

(5
)


      Net of tax

$
614


$
(5
)