XML 38 R28.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stockholders' Equity and Earnings per Share (Tables)
 9 Months Ended
Sep. 30, 2018
Stockholders' Equity and Earnings per Share [Abstract]  
Amounts Reclassified Out of Accumulated Other Comprehensive 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
September 30,
 
Nine Months Ended
September 30,
 
 
2018
 
2017
 
2018
 
2017
 
Affected Line Item on
Consolidated Statements of Income
 
(in thousands)
  
Available-for-sale securities
             
Realized gains on sales of securities
 
$
-
  
$
2
  
$
120
  
$
89
 
Gain on sale of securities, net
Tax effect
  
-
   
-
   
25
   
30
 
Income tax expense (benefit)
  
$
-
  
$
2
  
$
95
  
$
59
  
Changes in Accumulated Other Comprehensive Loss, by Category
The following tables present the changes in accumulated other comprehensive loss, by category, net of tax, for the periods indicated:

 
 
Unrealized Gains (Losses) on Available-for-Sale Securities
  
Defined Benefit Pension Plans
  
Accumulated Other Comprehensive Loss
 
  
(in thousands)
 
          
Three Months Ended September 30, 2018
         
Balance at beginning of period
 
$ 
(2,889
)
 
$
-
  
$ 
(2,889
)
Net other comprehensive loss
  
(803
)
 
$
-
   
(803
)
Balance at end of period
 
$ 
(3,692
)
 
$
-
  
$ 
(3,692
)
             
             
Three Months Ended September 30, 2017
            
Balance at beginning of period
 
$ 
(275
)
 
$ 
(2,469
)
 
$ 
(2,744
)
Net other comprehensive income
  
57
   
-
   
57
 
Balance at end of period
 
$ 
(218
)
 
$ 
(2,469
)
 
$ 
(2,687
)


 
 
Unrealized Gains (Losses) on Available-for-Sale Securities
  
Defined Benefit Pension Plans
  
Accumulated Other Comprehensive Loss
 
  
(in thousands)
 
          
Nine Months Ended September 30, 2018
         
Balance at beginning of period
 
$ 
(707
)
 
$
-
  
$ 
(707
)
Net other comprehensive loss
  
(2,769
)
  
-
   
(2,769
)
Reclassification of the income tax effects of the Tax Cuts and Jobs Act from AOCI
  
(139
)
  
-
   
(139
)
Reclassification of net unrealized gains on equity securities from AOCI per ASU 2016-01
  
(77
)
  
-
   
(77
)
Balance at end of period
 
$ 
(3,692
)
 
$
-
  
$ 
(3,692
)
             
             
Nine Months Ended September 30, 2017
            
Balance at beginning of period
 
$ 
(1,739
)
 
$ 
(2,469
)
 
$ 
(4,208
)
Net other comprehensive income
  
1,521
   
-
   
1,521
 
Balance at end of period
 
$ 
(218
)
 
$ 
(2,469
)
 
$ 
(2,687
)
Components of Other Comprehensive Income, Net of Tax on Pre-Tax and After-Tax
The following tables present the change in each component of accumulated other comprehensive loss on a pre-tax and after-tax basis for the periods indicated.

 
Three Months Ended September 30, 2018
 
 
Pretax
 
Tax
 
Net-of-Tax
 
 
(in thousands)
 
       
Unrealized losses on available-for-sale securities:
         
Unrealized holding losses arising during the period
 
$
(1,017
)
 
$
(214
)
 
$
(803
)
Reclassification adjustment for gains recognized in income
  
-
   
-
   
-
 
             
Total change in accumulated other comprehensive loss, net
 
$
(1,017
)
 
$
(214
)
 
$
(803
)

 
Three Months Ended September 30, 2017
 
 
Pretax
 
Tax
 
Net-of-Tax
 
 
(in thousands)
 
       
Unrealized gains on available-for-sale securities:
         
Unrealized holding gains arising during the period
 
$
89
  
$
30
  
$
59
 
Reclassification adjustment for gains recognized in income
  
(2
)
  
-
   
(2
)
             
Total change in accumulated other comprehensive loss, net
 
$
87
  
$
30
  
$
57
 



 
Nine Months Ended September 30, 2018
 
 
Pretax
 
Tax
 
Net-of-Tax
 
 
(in thousands)
 
       
Unrealized losses on available-for-sale securities:
         
Unrealized holding losses arising during the period
 
$
(3,385
)
 
$
(711
)
 
$
(2,674
)
Reclassification adjustment for gains recognized in income
  
(120
)
  
(25
)
  
(95
)
             
Total change in accumulated other comprehensive loss, net
 
$
(3,505
)
 
$
(736
)
 
$
(2,769
)

 
Nine Months Ended September 30, 2017
 
 
Pretax
 
Tax
 
Net-of-Tax
 
 
(in thousands)
 
       
Unrealized gains on available-for-sale securities:
         
Unrealized holding gains arising during the period
 
$
2,394
  
$
814
  
$
1,580
 
Reclassification adjustment for gains recognized in income
  
(89
)
  
(30
)
  
(59
)
             
Total change in accumulated other comprehensive loss, net
 
$
2,305
  
$
784
  
$
1,521
 
Computation of Earnings Per Share
The following is a reconciliation of the denominators of the basic and diluted EPS computations for the three and nine months ended September 30, 2018 and 2017:

  
Net Income Available to Common Stockholders (Numerator)
  
Weighted Average Common Shares (Denominator)
  
Per Share Amount
 
  
(in thousands except per share data)
 
Three Months Ended September 30, 2018
         
Net income, basic
 
$
1,597
   
5,182
  
$
0.31
 
Potentially dilutive common shares - stock options
  
-
   
-
   
-
 
Potentially dilutive common shares - employee stock purchase program
  
-
   
-
   
-
 
Diluted
 
$
1,597
   
5,182
  
$
0.31
 
             
Three Months Ended September 30, 2017
            
Net income, basic
 
$
757
   
4,994
  
$
0.15
 
Potentially dilutive common shares - stock options
  
-
   
10
   
-
 
Potentially dilutive common shares - employee stock purchase program
  
-
   
-
   
-
 
Diluted
 
$
757
   
5,004
  
$
0.15
 
             
Nine Months Ended September 30, 2018
            
Net income, basic
 
$
3,531
   
5,127
  
$
0.69
 
Potentially dilutive common shares - stock options
  
-
   
-
   
-
 
Potentially dilutive common shares - employee stock purchase program
  
-
   
-
   
-
 
Diluted
 
$
3,531
   
5,127
  
$
0.69
 
             
Nine Months Ended September 30, 2017
            
Net income, basic
 
$
2,860
   
4,985
  
$
0.57
 
Potentially dilutive common shares - stock options
  
-
   
12
   
-
 
Potentially dilutive common shares - employee stock purchase program
  
-
   
-
   
-
 
Diluted
 
$
2,860
   
4,997
  
$
0.57