OTHER COMPREHENSIVE INCOME (LOSS)

12 Months Ended

Dec. 31, 2016

Equity [Abstract]

OTHER COMPREHENSIVE INCOME (LOSS)

Note 15

OTHER COMPREHENSIVE INCOME (LOSS)

FASB Topic ASC 220, “Comprehensive Income” requires that certain transactions and other economic events that bypass the income statement be displayed as other comprehensive income.  Total comprehensive income is reported in the consolidated statements of comprehensive income and changes in shareowners’ equity.

The following table summarizes the tax effects for each component of other comprehensive income (loss):

	Before		Tax		Net of
	Tax		(Expense)		Tax
(Dollars in Thousands)	Amount		Benefit		Amount
2016
Investment Securities:
Change in net unrealized gain/loss on securities available for sale	$	(828)	$	322	$	(506)
Amortization of losses on securities transferred from available for sale to
held to maturity		82		(32)		50
Total Investment Securities		(746)		290		(456)
Benefit Plans:
Reclassification adjustment for amortization of prior service cost		278		(107)		171
Reclassification adjustment for amortization of net loss		3,960		(1,528)		2,432
Current year actuarial loss		(9,958)		3,843		(6,115)
Total Benefit Plans		(5,720)		2,208		(3,512)
Total Other Comprehensive Loss	$	(6,466)	$	2,498	$	(3,968)
2015
Investment Securities:
Change in net unrealized gain/loss on securities available for sale	$	(373)	$	143	$	(230)
Amortization of losses on securities transferred from available for sale to
held to maturity		76		(31)		45
Total Investment Securities		(297)		112		(185)
Benefit Plans:
Reclassification adjustment for amortization of prior service cost		316		(122)		194
Reclassification adjustment for amortization of net loss		3,743		(1,444)		2,299
Current year actuarial loss		(4,975)		1,919		(3,056)
Total Benefit Plans		(916)		353		(563)
Total Other Comprehensive Loss	$	(1,213)	$	465	$	(748)
2014
Investment Securities:
Change in net unrealized gain/loss on securities available for sale	$	251	$	(103)	$	148
Amortization of losses on securities transferred from available for sale to
held to maturity		70		(27)		43
Total Investment Securities		321		(130)		191
Benefit Plans:
Reclassification adjustment for amortization of prior service cost		473		(182)		291
Reclassification adjustment for amortization of net loss		705		(272)		433
Current year actuarial loss		(22,603)		8,719		(13,884)
Total Benefit Plans		(21,425)		8,265		(13,160)
Total Other Comprehensive Loss	$	(21,104)	$	8,135	$	(12,969)

Accumulated other comprehensive loss was comprised of the following components:
					Accumulated
	Securities				Other
	Available		Retirement		Comprehensive
(Dollars in Thousands)	for Sale		Plans		Loss
Balance as of January 1, 2016	$	(127)	$	(22,130)	$	(22,257)
Other comprehensive loss during the period		(456)		(3,512)		(3,968)
Balance as of December 31, 2016	$	(583)	$	(25,642)	$	(26,225)
Balance as of January 1, 2015	$	59	$	(21,568)	$	(21,509)
Other comprehensive loss during the period		(186)		(562)		(748)
Balance as of December 31, 2015	$	(127)	$	(22,130)	$	(22,257)
Balance as of January 1, 2014	$	(132)	$	(8,408)	$	(8,540)
Other comprehensive income (loss) during the period		191		(13,160)		(12,969)
Balance as of December 31, 2014	$	59	$	(21,568)	$	(21,509)