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Accumulated Other Comprehensive Income (Loss)
12 Months Ended
Dec. 31, 2014
Accumulated Other Comprehensive Income (Loss) [Abstract]  
Accumulated Other Comprehensive Income (Loss)

 

NOTE 17: ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

 

The following table presents changes in accumulated other comprehensive income (loss) by component, net of tax for the year ending December 31, 2014.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

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

Unrealized Gains (Losses) on Securities Transferred From Available-For-Sale to Held-To-Maturity

Pension Plan

Interest Rate Swaps

Accumulated Other Comprehensive Income (Loss)

Beginning Balance

$

(162)

$

(3,296)

$

(1,790)

$

(472)

$

(5,720)

Other comprehensive income before reclassifications

 

1,713 

 

 

(1,694)

 

161 

 

180 

Transfer of securities from available-for-sale to held-to-maturity

 

(8)

 

 

 

 

(0)

Accretion of unrealized losses of securities transferred from available-for-sale to held-to-maturity recognized in other comprehensive income

 

 

472 

 

 

 

472 

Reclassification adjustments for (gains) losses reclassified into income

 

(69)

 

 

89 

 

 

20 

Net current period other comprehensive (loss) income

 

1,636 

 

480 

 

(1,605)

 

161 

 

672 

Balance December 31, 2014

$

1,474 

$

(2,816)

$

(3,395)

$

(311)

$

(5,048)

 

 

 

The following table presents changes in accumulated other comprehensive income (loss) by component, net of tax for the year ending December 31, 2013.

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

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

Unrealized Gains (Losses) on Securities Transferred From Available-For-Sale to Held-To-Maturity

Pension Plan

Interest Rate Swaps

Accumulated Other Comprehensive Income (Loss)

Beginning Balance

$

6,033 

$

$

(3,130)

$

(688)

$

2,215 

Other comprehensive income before reclassifications

 

(9,844)

 

 

1,110 

 

216 

 

(8,518)

Transfer of securities from available-for-sale to held-to-maturity

 

3,533 

 

(3,533)

 

 

 

Accretion of unrealized losses of securities transferred from available-for-sale to held-to-maturity recognized in other comprehensive income

 

 

237 

 

 

 

237 

Reclassification adjustments for (gains) losses reclassified into income

 

116 

 

 

230 

 

 

346 

Net current period other comprehensive (loss) income

 

(6,195)

 

(3,296)

 

1,340 

 

216 

 

(7,935)

Balance December 31, 2013

$

(162)

$

(3,296)

$

(1,790)

$

(472)

$

(5,720)

 

 

 

 

 

 

 

 

 

Details of the reclassification adjustments in the above table for the year ended December 31, 2014 are presented below:

 

 

 

 

 

 

 

 

 

 

 

 

Details about Accumulated Other Comprehensive Income Components    (In thousands)

Amount Reclassified from Accumulated Other Comprehensive Income

Affected Line Item in the Statement Where Net Income is Presented

Unrealized gains (losses) securities

 

 

 

 

 

 

 

 

$

(107)

Net losses (gains) on investment securities

 

 

(107)

Total before tax

 

 

38 

Provision for income taxes 

 

$

(69)

Net of tax

 

 

 

 

Amortization of defined benefit pension plan

 

 

 

 

$

137 

Compensation and benefits

 

 

137 

Total before tax

 

 

(48)

Provision for income taxes 

 

 

 

 

 

$

89 

Net of tax

Total reclassification adjustments

$

20 

 

 

 

 

 

 

 

Details of the reclassification adjustments in the above table for the year ended December 31, 2013 are presented below:

 

 

 

 

 

 

Details about Accumulated Other Comprehensive Income Components           (In thousands)

Amount Reclassified from Accumulated Other Comprehensive Income

Affected Line Item in the Statement Where Net Income is Presented

Unrealized gains (losses) securities

 

 

 

 

 

166 

Net impairment losses

 

$

12 

Net losses (gains) on investment securities

 

 

178 

Total before tax

 

 

(62)

Provision for income taxes 

 

$

116 

Net of tax

 

 

 

 

Amortization of defined benefit pension plan

 

 

 

 

 

355 

Compensation and benefits

 

 

355 

Total before tax

 

 

(125)

Provision for income taxes 

 

 

 

 

 

$

230 

Net of tax

Total reclassification adjustments

$

346