Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2015

Accumulated Other Comprehensive Income (Loss) [Abstract]

Accumulated Other Comprehensive Income (Loss)

(7) Accumulated Other Comprehensive Income (Loss)

The following is a summary of the accumulated other comprehensive loss balances, net of tax:

	Three months ended 3/31/15
(dollars in thousands)	Balance at 12/31/2014			Other Comprehensive Income (loss)- Before Reclassifications		Amount reclassified from Accumulated Other Comprehensive Income			Other Comprehensive Income (loss)- Three months ended 3/31/15			Balance at 3/31/2015
Net unrealized holding gain (loss) on securities available for sale, net of tax	$	(3,693	)		1,987		(149	)		1,838			(1,855	)
Net change in net actuarial loss and prior service credit on pension and postretirement benefit plans, net of tax		(816	)		-		(16	)		(16	)		(832	)
Accumulated other comprehensive income (loss), net of tax		(4,509	)		1,987		(165	)		1,822			(2,687	)
	Three months ended 3/31/14
(dollars in thousands)	Balance at 12/31/2013			Other Comprehensive Income (loss)- Before Reclassifications		Amount reclassified from Accumulated Other Comprehensive Income			Other Comprehensive Income (loss)- Three months ended 3/31/14			Balance at 3/31/2014
Net unrealized holding gain (loss) on securities available for sale, net of tax	$	(18,078	)		4,427		(4	)		4,423			(13,655	)
Net change in net actuarial loss and prior service credit on pension and postretirement benefit plans, net of tax		4,275			-		(72	)		(72	)		4,203
Accumulated other comprehensive income (loss), net of tax		(13,803	)		4,427		(76	)		4,351			(9,452	)

 

The following represents the reclassifications out of accumulated other comprehensive income (loss) for the three months ended March 31, 2015 and 2014:

(dollars in thousands)	Three months ended March 31,
	2015			2014			Affected Line Item in Statements
Unrealized gains (losses) on securities available for sale
Realized gain on securities transactions	$	249			6		Net gain on securities transactions
Income tax expense		(100	)		(2	)	Income taxes
Net of tax		149			4
Amortization of pension and postretirement benefit items
Amortization of net actuarial loss		5			72		Salaries and employee benefits
Amortization of prior service credit		22			45		Salaries and employee benefits
Income tax benefit		(11	)		(45	)	Income taxes
Net of tax		16			72
Total reclassifications, net of tax	$	165			76