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OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
9 Months Ended
Sep. 30, 2016
Equity [Abstract]  
Other Comprehensive Income (Loss) Components and Related Tax Effects

Other comprehensive income (loss) components and related tax effects for the three-month periods are as follows:

 

 

 

Unrealized

Gains (Losses)

on Securities

Available for

Sale

 

 

Disproportionate

Tax Effect from

Securities

Available for

Sale

 

 

Losses on

Securities

Transferred

From

Available for

Sale

to Held to

Maturity

 

 

Unrealized

Gains (Losses)

from

Postretirement

Plan

 

 

Disproportionate

Tax Effect from

Postretirement

Plan

 

 

Total

 

September 30, 2016

 

(Dollars in thousands)

 

Balances at beginning of period,

   net of tax

 

$

8,379

 

 

$

(17,110

)

 

$

(889

)

 

$

469

 

 

$

511

 

 

$

(8,640

)

Other comprehensive income

   before reclassifications

 

 

(1,227

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1,227

)

Amortization of unrealized gains

   of postretirement plan

   recognized in other

   comprehensive income

 

 

 

 

 

 

 

 

 

 

 

(289

)

 

 

 

 

 

(289

)

Accretion of unrealized losses of

   securities transferred from

   available for sale to held to

   maturity recognized in other

   comprehensive income

 

 

 

 

 

 

 

 

47

 

 

 

 

 

 

 

 

 

47

 

Reclassification adjustment for

   gains realized in income

 

 

(142

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(142

)

Net current period other

   comprehensive income

 

 

(1,369

)

 

 

 

 

 

47

 

 

 

(289

)

 

 

 

 

 

(1,611

)

Balances at end of period, net of

   tax

 

$

7,010

 

 

$

(17,110

)

 

$

(842

)

 

$

180

 

 

$

511

 

 

$

(10,251

)

 

 

 

Unrealized

Gains (Losses)

on Securities

Available for

Sale

 

 

Disproportionate

Tax Effect from

Securities

Available for

Sale

 

 

Losses on Securities Transferred From Available for Sale to Held to Maturity

 

 

Unrealized

Gains (Losses)

from

Postretirement

Plan

 

 

Disproportionate

Tax Effect from Postretirement

Plan

 

 

Total

 

September 30, 2015

 

(Dollars in thousands)

 

 

 

 

 

Balances at beginning of period,

   net of tax

 

$

(6,362

)

 

$

(17,110

)

 

$

 

 

$

916

 

 

$

511

 

 

$

(22,045

)

Transfer losses from available

   for sale to held to maturity

 

 

999

 

 

 

 

 

 

(999

)

 

 

 

 

 

 

 

 

 

Other comprehensive income

   before reclassifications

 

 

5,138

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5,138

 

Reclassification adjustment for

   gains realized in income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net current period other

   comprehensive income

 

 

5,138

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5,138

 

Balances at end of period, net of

   tax

 

$

(225

)

 

$

(17,110

)

 

$

(999

)

 

$

916

 

 

$

511

 

 

$

(16,907

)

 

Other comprehensive income (loss) components and related tax effects for the nine-month periods are as follows:

 

 

 

Unrealized

Gains (Losses)

on Securities

Available for

Sale

 

 

Disproportionate

Tax Effect from

Securities

Available for

Sale

 

 

Losses on

Securities

Transferred

From

Available for

Sale

to Held to

Maturity

 

 

Unrealized

Gains (Losses)

from

Postretirement

Plan

 

 

Disproportionate

Tax Effect from

Postretirement

Plan

 

 

Total

 

September 30, 2016

 

(Dollars in thousands)

 

Balances at beginning of period,

   net of tax

 

$

(2,492

)

 

$

(17,110

)

 

$

(960

)

 

$

831

 

 

$

511

 

 

$

(19,220

)

Other comprehensive income

   before reclassifications

 

 

9,895

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9,895

 

Amortization of unrealized gains

   of postretirement plan

   recognized in other

   comprehensive income

 

 

 

 

 

 

 

 

 

 

 

(651

)

 

 

 

 

 

(651

)

Accretion of unrealized losses of

   securities transferred from

   available for sale to held to

   maturity recognized in other

   comprehensive income

 

 

 

 

 

 

 

 

118

 

 

 

 

 

 

 

 

 

118

 

Reclassification adjustment for

   gains realized in income

 

 

(393

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(393

)

Net current period other

   comprehensive income

 

 

9,502

 

 

 

 

 

 

118

 

 

 

(651

)

 

 

 

 

 

8,969

 

Balances at end of period, net of

   tax

 

$

7,010

 

 

$

(17,110

)

 

$

(842

)

 

$

180

 

 

$

511

 

 

$

(10,251

)

 

 

 

Unrealized

Gains (Losses)

on Securities

Available for

Sale

 

 

Disproportionate

Tax Effect from

Securities

Available for

Sale

 

 

Losses on

Securities

Transferred

From

Available for

Sale

to Held to

Maturity

 

 

Unrealized

Gains (Losses)

from

Postretirement

Plan

 

 

Disproportionate

Tax Effect from

Postretirement

Plan

 

 

Total

 

September 30, 2015

 

(Dollars in thousands)

 

 

 

 

 

Balances at beginning of period,

   net of tax

 

$

(4,315

)

 

$

(17,110

)

 

$

 

 

$

916

 

 

$

511

 

 

$

(19,998

)

Transfer losses from available

   for sale to held to maturity

 

 

999

 

 

 

 

 

 

(999

)

 

 

 

 

 

 

 

 

 

Other comprehensive income

   before reclassifications

 

 

3,098

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,098

 

Reclassification adjustment for

   gains realized in income

 

 

(7

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(7

)

Net current period other

   comprehensive income

 

 

3,091

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,091

 

Balances at end of period, net of

   tax

 

$

(225

)

 

$

(17,110

)

 

$

(999

)

 

$

916

 

 

$

511

 

 

$

(16,907

)

 

Summary of Reclassification Out of Each Component of Accumulated Comprehensive Income (Loss)

The following are significant amounts reclassified out of each component of accumulated comprehensive income (loss) for the three months ended September 30, 2016:

 

 

 

Amount Reclassified

 

 

Affected Line Item on

 

 

From Accumulated

 

 

the Statement Where

Details About Accumulated Other Comprehensive

 

Other Comprehensive

 

 

Net Income is

Income Components

 

Income

 

 

Presented

 

 

(Dollars in thousands)

 

 

 

Realized net gains on the sale of available for sale securities

 

$

218

 

 

Net gains on securities available for sale

 

 

 

(76

)

 

Tax expense

 

 

 

142

 

 

Net of tax

Amortization of postretirement benefits prior service costs

 

 

445

 

 

Reduction in salaries and employee benefits

 

 

 

(156

)

 

Tax expense

 

 

 

289

 

 

Net of tax

Total reclassification during the period

 

$

431

 

 

Increase to net income

The following is significant amounts reclassified out of each component of accumulated comprehensive income (loss) for the three months ended September 30, 2015:

 

 

 

Amount Reclassified

 

 

Affected Line Item on

 

 

From Accumulated

 

 

the Statement Where

Details About Accumulated Other Comprehensive

 

Other Comprehensive

 

 

Net Income is

Income Components

 

Income

 

 

Presented

 

 

(Dollars in thousands)

 

 

 

Realized net gains on the sale of available for sale securities

 

$

 

 

Net gains on securities available for sale

 

 

 

 

 

Tax expense

Total reclassification during the period

 

$

 

 

Net of tax, increase to net income

The following are significant amounts reclassified out of each component of accumulated comprehensive income (loss) for the nine months ended September 30, 2016:

 

 

 

Amount Reclassified

 

 

Affected Line Item on

 

 

From Accumulated

 

 

the Statement Where

Details About Accumulated Other Comprehensive

 

Other Comprehensive

 

 

Net Income is

Income Components

 

Income

 

 

Presented

 

 

(Dollars in thousands)

 

 

 

Realized net gains on the sale of available for sale securities

 

$

604

 

 

Net gains on securities available for sale

 

 

 

(211

)

 

Tax expense

 

 

 

393

 

 

Net of tax

Amortization of postretirement benefits prior service costs

 

 

1,001

 

 

Reduction in salaries and employee benefits

 

 

 

(350

)

 

Tax expense

 

 

 

651

 

 

Net of tax

Total reclassification during the period

 

$

1,044

 

 

Increase to net income

 

The following are significant amounts reclassified out of each component of accumulated comprehensive income (loss) for the nine months ended September 30, 2015:

 

 

 

Amount Reclassified

 

 

Affected Line Item on

 

 

From Accumulated

 

 

the Statement Where

Details About Accumulated Other Comprehensive

 

Other Comprehensive

 

 

Net Income is

Income Components

 

Income

 

 

Presented

 

 

(Dollars in thousands)

 

 

 

Realized net gains on the sale of available for sale securities

 

$

11

 

 

Net gains on securities available for sale

 

 

 

(4

)

 

Tax expense

Total reclassification during the period

 

$

7

 

 

Increase to net income