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Comprehensive Income (Tables)
6 Months Ended
Jun. 30, 2017
Comprehensive Income [Abstract]  
Components Of Other Comprehensive Income And Related Tax Effects



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

Six Months Ended

 

Three Months Ended



 

June 30,

 

June 30,



 

2017

 

2016

 

2017

 

2016



 

(in thousands)

Change in net unrealized holding gains on
  available-for-sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

Change arising during the period

 

$

5,408 

 

$

12,480 

 

$

4,280 

 

$

7,338 

Reclassification adjustment for gains included in net income (1)

 

 

(57)

 

 

(1,827)

 

 

 —

 

 

(1,827)

Change in net unrealized holding gains on
  available-for-sale securities

 

 

5,351 

 

 

10,653 

 

 

4,280 

 

 

5,511 

Tax effect

 

 

2,246 

 

 

4,608 

 

 

1,796 

 

 

2,310 



 

 

3,105 

 

 

6,045 

 

 

2,484 

 

 

3,201 

Change in funded status of pension plan:

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of net actuarial loss included in pension expense (2)

 

 

 

 

122 

 

 

 

 

61 

Tax effect

 

 

 

 

(1)

 

 

 

 

25 



 

 

 

 

123 

 

 

 

 

36 

Other comprehensive income

 

$

3,110 

 

$

6,168 

 

$

2,486 

 

$

3,237 



(1) Reclassification adjustment represents net realized gains arising from the sale of available-for-sale securities. The net realized gains are included in the consolidated statements of income in the line item, “Net gains on sales of securities.” See “Note 4 – Investment Securities” for the income tax expense related to the net realized gains, which is included in the consolidated statements of income in the line item, “Income tax expense.”



(2) Represents the amortization into expense of net actuarial loss relating to the Corporation’s defined benefit pension plan. This item is included in net periodic pension cost (see Note 7) and in the consolidated statements of income in the line item, “Employee benefits.” The related income tax expense is included in the consolidated statements of income in the line item, “Income tax expense.”

Components Of Accumulated Other Comprehensive Loss, Net Of Tax



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

 

 

 

Current

 

 

 



 

Balance

 

Period

 

Balance



 

12/31/16

 

Change

 

6/30/17



 

(in thousands)

Unrealized holding gains on available-for-sale securities

 

$

1,654 

 

$

3,105 

 

$

4,759 

Unrealized actuarial losses on pension plan

 

 

(3,258)

 

 

 

 

(3,253)

    Accumulated other comprehensive income (loss), net of tax

 

$

(1,604)

 

$

3,110 

 

$

1,506