Stockholders' Equity and Earnings per Common Share (Tables)

6 Months Ended

Jun. 30, 2017

Stockholders' Equity and Earnings Per Common Share [Abstract]

Amounts Reclassified Out of Accumulated Other Comprehensive Income (Loss), by Category

The following table presents information on amounts reclassified out of accumulated other comprehensive loss, by category, during the periods indicated:

	Three Months Ended June 30,						Six Months Ended June 30,						Affected Line Item on Consolidated Statements of Income
	2017			2016			2017			2016
	(in thousands)
Available-for-sale securities
Realized gains on sales of securities		$	87		$	6		$	87		$	515	Gain on sale of available-for-sale securities, net
Tax effect			30			2			30			175	Income tax expense
		$	57		$	4		$	57		$	340

The following table presents the changes in accumulated other comprehensive loss, by category, net of tax, for the periods indicated:

Other Comprehensive Income

	Unrealized Gains (Losses) on Available-for-Sale Securities			Defined Benefit Pension Plans			Accumulated Other Comprehensive Loss
	(in thousands)
Six Months Ended June 30, 2017
Balance at beginning of period	$	(1,739	)	$	(2,469	)	$	(4,208	)
Net change for the period		1,464			0			1,464
Balance at end of period	$	(275	)	$	(2,469	)	$	(2,744	)
Six Months Ended June 30, 2016
Balance at beginning of period	$	(576	)	$	(2,586	)	$	(3,162	)
Net change for the period		2,176			0			2,176
Balance at end of period	$	1,600		$	(2,586	)	$	(986	)

Component of Other Comprehensive Income on a Pre-Tax and After-Tax

The following table presents the change in each component of accumulated other comprehensive loss on a pre-tax and after-tax basis for the periods indicated.

	Six Months Ended June 30, 2017
	Pretax				Tax				Net-of-Tax
	(in thousands)
Unrealized gains on available-for-sale securities:
Unrealized holding gains arising during the period		$	2,305			$	784			$	1,521
Reclassification adjustment for gains recognized in income			(87	)			(30	)			(57	)
Total change in accumulated other comprehensive loss, net		$	2,218			$	754			$	1,464

	Six Months Ended June 30, 2016
	Pretax				Tax				Net-of-Tax
	(in thousands)
Unrealized gains on available-for-sale securities:
Unrealized holding gains arising during the period		$	3,812			$	1,296			$	2,516
Reclassification adjustment for gains recognized in income			(515	)			(175	)			(340	)
Total change in accumulated other comprehensive loss, net		$	3,297			$	1,121			$	2,176

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

EARNINGS PER COMMON SHARE

Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed using the weighted average number of common shares outstanding during the period, including the effect of dilutive potential common shares attributable to outstanding stock options.

The following is a reconciliation of the denominators of the basic and diluted EPS computations for the three and six months ended June 30, 2017 and 2016:

	Net Income Available to Common Shareholders (Numerator)		Weighted Average Common Shares (Denominator)		Per Share Amount
	(in thousands except per share data)
Three Months Ended June 30, 2017
Net income, basic	$	1,161		4,984	$	0.23
Potentially dilutive common shares - stock options		0		13		0
Potentially dilutive common shares - employee stock purchase program		0		0		0
Diluted	$	1,161		4,997	$	0.23
Three Months Ended June 30, 2016
Net income, basic	$	552		4,959	$	0.11
Potentially dilutive common shares - stock options		0		0		0
Potentially dilutive common shares - employee stock purchase program		0		0		0
Diluted	$	552		4,959	$	0.11
Six Months Ended June 30, 2017
Net income, basic	$	2,103		4,981	$	0.42
Potentially dilutive common shares - stock options		0		13		0
Potentially dilutive common shares - employee stock purchase program		0		0		0
Diluted	$	2,103		4,994	$	0.42
Six Months Ended June 30, 2016
Net income, basic	$	1,573		4,959	$	0.32
Potentially dilutive common shares - stock options		0		0		0
Potentially dilutive common shares - employee stock purchase program		0		0		0
Diluted	$	1,573		4,959	$	0.32

The Company had no antidilutive shares in the second quarter or first six months of 2017. The Company did not include an average of 69 thousand potential common shares attributable to outstanding stock options in the diluted earnings per share calculation for both the three and six months ended June 30, 2016.

Note 9. Recent Accounting Pronouncements

In February 2016, the FASB issued ASU No. 2016-02, "Leases (Topic 842)." Among other things, in the amendments in ASU 2016-02, lessees will be required to recognize the following for all leases (with the exception of short-term leases) at the commencement date: (1) A lease liability, which is a lessee's obligation to make lease payments arising from a lease, measured on a discounted basis; and (2) A right-of-use asset, which is an asset that represents the lessee's right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged. Certain targeted improvements were made to align, where necessary, lessor accounting with the lessee accounting model and Topic 606, Revenue from Contracts with Customers. The amendments in this ASU are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted upon issuance. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. Lessees and lessors may not apply a full retrospective transition approach. The Company is currently assessing the impact that ASU 2016-02 will have on its consolidated financial statements.