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Note 3 - Accumulated Other Comprehensive (Loss) Income
 6 Months Ended
Jun. 30, 2018
Notes to Financial Statements  
Comprehensive Income (Loss) Note [Text Block]
3
.
Accumulated Other Comprehensive
(Loss)
Income
 
The following table presents changes in accumulated other comprehensive (loss) income (“AOCI”) by component, net of tax, for the periods indicated. The table for the
six
-month period comparison includes a
$56
thousand cumulative-effect adjustment from AOCI to retained earnings related to the adoption of Accounting Standards Update (“ASU”)
2016
-
01
effective
January 1, 2018.
ASU
2016
-
01
requires changes in the fair value of the Company’s equity investments to be recognized through net income. Prior to
2018,
changes in the fair value of equity securities were recognized through AOCI. Additional information related to the adoption of ASU
2016
-
01
can be found in Note
4
and Note
7.
 
Three Months Ended June 30,
  
2018
    
2017
  
(In thousands)
  
Unrealized
Gains
(Losses) on
Available
for Sale
Investment
Securities
    
Postretirement
Benefit
Obligation
    
Total
    
Unrealized
Gains
(Losses) on
Available
for Sale
Investment
Securities
    
Postretirement
Benefit
Obligation
    
Total
  
Beginning balance
   $
(7,668
 )   $
(57
 )   $
(7,725
 )   $
(2,409
 )   $
14
     $
(2,395
 )
Other comprehensive (loss) income before reclassifications
    
(1,112
 )    
-
      
(1,112
 )    
1,329
      
8
      
1,337
  
Amounts reclassified from accumulated other comprehensive income
    
-
      
(1
 )    
(1
 )    
1
      
1
      
2
  
Net current-period other comprehensive (loss) income
    
(1,112
 )    
(1
 )    
(1,113
 )    
1,330
      
9
      
1,339
  
Ending balance
   $
(8,780
 )   $
(58
 )   $
(8,838
 )   $
(1,079
 )   $
23
     $
(1,056
 )
 
Six Months Ended June 30,
  
2018
    
2017
  
(In thousands)
  
Unrealized
Gains
(Losses) on
Available
for Sale
Investment
Securities
    
Postretirement
Benefit
Obligation
    
Total
    
Unrealized
Gains
(Losses) on
Available
for Sale
Investment
Securities
    
Postretirement
Benefit
Obligation
    
Total
  
Beginning balance
   $
(3,510
 )   $
(56
 )   $
(3,566
 )   $
(3,363
 )   $
(45
 )   $
(3,408
 )
Other comprehensive (loss) income before reclassifications
    
(5,214
 )    
-
      
(5,214
 )    
2,277
      
17
      
2,294
  
Amounts reclassified from accumulated other comprehensive income
    
-
      
(2
 )    
(2
 )    
7
      
51
      
58
  
Net current-period other comprehensive (loss) income
    
(5,214
 )    
(2
 )    
(5,216
 )    
2,284
      
68
      
2,352
  
Adoption of Accounting Standards Update 2016-01
    
(56
 )    
-
      
(56
 )    
-
      
-
      
-
  
Ending balance
   $
(8,780
 )   $
(58
 )   $
(8,838
 )   $
(1,079
 )   $
23
     $
(1,056
 )
 
The following table presents amounts reclassified out of accumulated other comprehensive income by component for the periods indicated. Line items in the statement of income affected by the reclassification are also presented.
 
   
Amount Reclassified from Accumulated Other
Comprehensive Income
    
Affected Line Item in the
Statement Where Net Income is
Presented
   
Three Months Ended June 30,
    
Six Months Ended June 30,
      
(In thousands)
  
2018
    
2017
    
2018
    
2017
      
Unrealized gains (losses) on available for sale investment securities
   $
-
     $
(1
 )   $
-
     $
(10
 )  
Net loss on sales of available for sale investment securities
     
-
      
-
      
-
      
3
    
Income tax expense
    $
-
     $
(1
 )   $
-
     $
(7
 )  
Net of tax
                                     
Amortization related to postretirement benefits
                                    
Prior service costs
   $
-
     $
-
     $
-
     $
(75
 )  
Salaries and employee benefits
Actuarial gains (losses)
    
1
      
(2
 )    
2
      
(3
 )  
Other noninterest expense
     
1
      
(2
 )    
2
      
(78
 )  
Total before tax
     
-
      
1
      
-
      
27
    
Income tax expense
    $
1
     $
(1
 )   $
2
     $
(51
 )  
Net of tax
                                     
Total reclassifications for the period
   $
1
     $
(2
 )   $
2
     $
(58
 )  
Net of tax