Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2017

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 income (loss) balances, net of tax:

	Three months ended 6/30/17
(dollars in thousands)	Balance at 4/1/2017			Other Comprehensive Income (loss)- Before Reclassifications		Amount reclassified from Accumulated Other Comprehensive Income			Other Comprehensive Income (loss)- Three months ended 6/30/2017			Balance at 6/30/2017
Net unrealized holding gain (loss) on securities available for sale, net of tax	$	(6,055	)		2,006		-			2,006			(4,049	)
Net change in net actuarial gain and prior service cost on pension and postretirement benefit plans, net of tax		487			-		(31	)		(31	)		456
Accumulated other comprehensive income (loss), net of tax		(5,568	)		2,006		(31	)		1,975			(3,593	)

	Three months ended 6/30/2016
(dollars in thousands)	Balance at 4/1/2016			Other Comprehensive Income (loss)- Before Reclassifications		Amount reclassified from Accumulated Other Comprehensive Income			Other Comprehensive Income (loss)- Three months ended 6/30/2016			Balance at 6/30/2016
Net unrealized holding gain (loss) on securities available for sale, net of tax	$	329			2,739		(401	)		2,338			2,667
Net change in net actuarial gain and prior service cost on pension and postretirement benefit plans, net of tax		(256	)		-		(16	)		(16	)		(272	)
Accumulated other comprehensive income (loss), net of tax		73			2,739		(417	)		2,322			2,395

	Six months ended 6/30/17
(dollars in thousands)	Balance at 1/1/2017			Other Comprehensive Income (loss)- Before Reclassifications		Amount reclassified from Accumulated Other Comprehensive Loss			Other Comprehensive Income (loss)- Six months ended 6/30/2017			Balance at 6/30/2017
Net unrealized holding gain (loss) on securities available for sale, net of tax	$	(6,762	)		2,713		-			2,713			(4,049	)
Net change in net actuarial gain and prior service cost on pension and postretirement benefit plans, net of tax		511			-		(55	)		(55	)		456
Accumulated other comprehensive income (loss), net of tax		(6,251	)		2,713		(55	)		2,658			(3,593	)

	Six months ended 6/30/16
(dollars in thousands)	Balance at 1/1/2016			Other Comprehensive Income (loss)- Before Reclassifications		Amount reclassified from Accumulated Other Comprehensive Income			Other Comprehensive Income (loss)- Six months ended 6/30/2016		Balance at 6/30/2016
Net unrealized holding gain (loss) on securities available for sale, net of tax	$	(4,492	)		7,560		(401	)		7,159		2,667
Net change in net actuarial gain and prior service cost on pension and postretirement benefit plans, net of tax		(289	)		-		17			17		(272	)
Accumulated other comprehensive income (loss), net of tax		(4,781	)		7,560		(384	)		7,176		2,395

The following represents the reclassifications out of accumulated other comprehensive income (loss) for the three and six months ended June 30, 2017 and 2016:

(dollars in thousands)	Three months ended June 30,						Six months ended June 30,
	2017			2016			2017			2016			Affected Line Item in Statements
Net unrealized holding gain on securities available for sale
Realized gain on securities transactions	$	-			668		$	-			668		Net gain on securities transactions
Income tax effect		-			(267	)		-			(267	)	Income taxes
Net of tax		-			401			-			401
Amortization of pension and postretirement benefit items
Amortization of net actuarial gain		73			50			136			17		Salaries and employee benefits
Amortization of prior service cost		(22	)		(22	)		(45	)		(45	)	Salaries and employee benefits
Income tax effect		(20	)		(12	)		(36	)		11		Income taxes
Net of tax		31			16			55			(17	)
Total reclassifications, net of tax	$	31			417		$	55			384