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Accumulated Other Comprehensive Loss ("AOCL") - (As Restated)
 12 Months Ended
Dec. 31, 2015
Accumulated Other Comprehensive Loss ("AOCL") - (As Restated) [Abstract]  
Accumulated Other Comprehensive Loss ("AOCL") - (As Restated)

17.Accumulated Other Comprehensive Loss (“AOCL”) – (As Restated)



The following table presents the changes in each component of accumulated other comprehensive loss for the years ended December 31, 2015, December 31, 2015 as restated and 2014:









 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 



Investment

Investment

 

Investment

 

 

 

 

 

 

 

 



securities-

securities-

 

securities-

Cash Flow

Pension

 

 

 

 

(in thousands)

with OTTI AFS

all other AFS

 

HTM

Hedge

Plan

SERP

Total

Accumulated OCL, net:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance - January 1, 2014

$

 (7,623)

$

 (11,292)

$

 0 

$

 (274)

$

 (5,088)

$

 64 

$

 (24,213)

Other comprehensive income/(loss) before reclassifications

 

 4,349 

 

 8,712 

 

 (2,395)

 

 155 

 

 (6,513)

 

 (319)

 

 3,989 

Amounts reclassified from accumulated other comprehensive loss

 

 (405)

 

 25 

 

 140 

 

 0 

 

 209 

 

 22 

 

 (9)

Balance - December 31, 2014

$

 (3,679)

$

 (2,555)

$

 (2,255)

$

 (119)

$

 (11,392)

$

 (233)

$

 (20,233)

Other comprehensive income/(loss) before reclassifications

 

 1,793 

 

 705 

 

 0 

 

 80 

 

 (1,736)

 

 (113)

 

 729 

Amounts reclassified from accumulated other comprehensive loss

 

 (56)

 

 (174)

 

 284 

 

 0 

 

 465 

 

 41 

 

 560 

Balance - December 31, 2015 (As Restated)

$

 (1,942)

$

 (2,024)

$

 (1,971)

$

 (39)

$

 (12,663)

$

 (305)

$

 (18,944)







The following tables present the components of other comprehensive income for the years ended December 31, 2015 and 2014:











 

 

 

 

 

 

Components of Other Comprehensive Income (in thousands)

Before Tax Amount

Tax (Expense) Benefit

Net

For the year ended December 31, 2015

 

 

 

 

 

 

Available for sale (AFS) securities with OTTI:

 

 

 

 

 

 

    Unrealized holding gains

$

 2,985 

$

 (1,192)

$

 1,793 

    Less:  losses recognized in income

 

 672 

 

 (268)

 

 404 

    Less:  accretable yield recognized in income

 

 (580)

 

 232 

 

 (348)

Net unrealized gains on investments with OTTI

 

 2,893 

 

 (1,156)

 

 1,737 



 

 

 

 

 

 

Available for sale securities – all other:

 

 

 

 

 

 

    Unrealized holding gains

 

 1,174 

 

 (469)

 

 705 

    Plus:  gains recognized in income

 

 290 

 

 (116)

 

 174 

Net unrealized gains on all other AFS securities

 

 884 

 

 (353)

 

 531 



 

 

 

 

 

 

Held to maturity securities:

 

 

 

 

 

 

    Unrealized holding gains

 

 0 

 

 0 

 

 0 

    Less:  amortization recognized in income

 

 (473)

 

 189 

 

 (284)

Net unrealized gains on HTM securities

 

 473 

 

 (189)

 

 284 



 

 

 

 

 

 

Cash flow hedges:

 

 

 

 

 

 

Unrealized holding gains

 

 133 

 

 (53)

 

 80 



 

 

 

 

 

 

Pension Plan:

 

 

 

 

 

 

Unrealized net actuarial loss

 

 (2,890)

 

 1,154 

 

 (1,736)

Less: amortization of unrecognized loss

 

 (781)

 

 312 

 

 (469)

Less: amortization of transition asset

 

 19 

 

 (8)

 

 11 

Less: amortization of prior service costs

 

 (12)

 

 5 

 

 (7)

Net pension plan liability adjustment

 

 (2,116)

 

 845 

 

 (1,271)



 

 

 

 

 

 

SERP:

 

 

 

 

 

 

Unrealized net actuarial loss

 

 (188)

 

 75 

 

 (113)

Less: amortization of unrecognized loss

 

 (49)

 

 20 

 

 (29)

Less: amortization of prior service costs

 

 (20)

 

 8 

 

 (12)

Net SERP liability adjustment

 

 (119)

 

 47 

 

 (72)

Other comprehensive income

$

 2,148 

$

 (859)

$

 1,289 







 

 

 

 

 

 

Components of Other Comprehensive Income (in thousands)

 

Tax (Expense) Benefit

Net

For the year ended December 31, 2014

 

 

 

 

 

 

Available for sale (AFS) securities with OTTI:

 

 

 

 

 

 

    Unrealized holding gains

 

 7,234 

$

 (2,885)

$

 4,349 

    Less:  accretable yield recognized in income

 

 674 

 

 (269)

 

 405 

Net unrealized gains on investments with OTTI

 

 6,560 

 

 (2,616)

 

 3,944 



 

 

 

 

 

 

Available for sale securities – all other:

 

 

 

 

 

 

    Unrealized holding gains

 

 14,501 

 

 (5,789)

 

 8,712 

    Less:  losses recognized in income

 

 (41)

 

 16 

 

 (25)

Net unrealized gains on all other AFS securities

 

 14,542 

 

 (5,805)

 

 8,737 



 

 

 

 

 

 

Held to maturity securities:

 

 

 

 

 

 

    Unrealized holding losses

 

 (3,984)

 

 1,589 

 

 (2,395)

    Less:  amortization recognized in income

 

 (233)

 

 93 

 

 (140)

Net unrealized losses on HTM securities

 

 (3,751)

 

 1,496 

 

 (2,255)



 

 

 

 

 

 

Cash flow hedges:

 

 

 

 

 

 

Unrealized holding gains

 

 258 

 

 (103)

 

 155 



 

 

 

 

 

 

Pension Plan:

 

 

 

 

 

 

Unrealized net actuarial loss

 

 (10,833)

 

 4,320 

 

 (6,513)

Less: amortization of unrecognized loss

 

 (374)

 

 149 

 

 (225)

Less: amortization of transition asset

 

 39 

 

 (16)

 

 23 

Less: amortization of prior service costs

 

 (12)

 

 5 

 

 (7)

Net pension plan liability adjustment

 

 (10,486)

 

 4,182 

 

 (6,304)



 

 

 

 

 

 

SERP:

 

 

 

 

 

 

Unrealized net actuarial loss

 

 (531)

 

 212 

 

 (319)

Less: amortization of unrecognized loss

 

 (17)

 

 7 

 

 (10)

Less: amortization of prior service costs

 

 (20)

 

 8 

 

 (12)

Net SERP liability adjustment

 

 (494)

 

 197 

 

 (297)

Other comprehensive income

 

 6,629 

$

 (2,649)

$

 3,980 



The following tables present the details of accumulated other comprehensive income components for the years ended December 31, 2015 and 2014:







 

 

 

 



Amount Reclassified from Accumulated Other Comprehensive Income

 

 

Details of Accumulated Other Comprehensive Income Components (in thousands)

2015

 

Affected Line Item in the Statement Where Net Income is Presented

Net unrealized losses on investment securities with OTTI:

 

 

 

 

     Losses recognized

$

 672 

 

Net losses - other

     Accretable Yield reversal

 

 (580)

 

Interest income on taxable investment securities

     Taxes

 

 (36)

 

Tax benefit



$

 56 

 

Net of tax

Net unrealized gains on available for sale investment securities - all other:

 

 

 

 

     Gains on sales

$

 290 

 

Net gains - other

     Taxes

 

 (116)

 

Tax expense



$

 174 

 

Net of tax

Net unrealized gains on held to maturity investment securities:

 

 

 

 

     Amortization

$

 (473)

 

Interest income on taxable investment securities

     Taxes

 

 189 

 

Tax benefit



$

 (284)

 

Net of tax



 

 

 

 

Net pension plan liability adjustment:

 

 

 

 

     Amortization of unrecognized loss

 

 (781)

 

Salaries and employee benefits

     Amortization of transition asset

 

 19 

 

Salaries and employee benefits

     Amortization of prior service costs

 

 (12)

 

Salaries and employee benefits

     Taxes

 

 309 

 

Tax benefit



$

 (465)

 

Net of tax

Net SERP liability adjustment:

 

 

 

 

     Amortization of unrecognized loss

 

 (49)

 

Salaries and employee benefits

     Amortization of prior service costs

 

 (20)

 

Salaries and employee benefits

     Taxes

 

 28 

 

Tax benefit



$

 (41)

 

Net of tax



 

 

 

 

Total reclassifications for the period

$

 (560)

 

Net of tax







 

 

 

 



Amount Reclassified from Accumulated Other Comprehensive Income

 

 

Details of Accumulated Other Comprehensive Income Components (in thousands)

2014

 

Affected Line Item in the Statement Where Net Income is Presented

Net unrealized gains on investment securities with OTTI:

 

 

 

 

     Accretable Yield

$

 674 

 

Interest income on taxable investment securities

     Taxes

 

 (269)

 

Tax expense



$

 405 

 

Net of tax

Net unrealized losses on available for sale investment securities - all other:

 

 

 

 

     Losses on sales

$

 (41)

 

Net gains - other

     Taxes

 

 16 

 

Tax benefit



$

 (25)

 

Net of tax



 

 

 

 

Net unrealized losses on held to maturity investment securities:

 

 

 

 

     Amortization

$

 (233)

 

Interest income on taxable investment securities

     Taxes

 

 93 

 

Tax benefit



$

 (140)

 

Net of tax



 

 

 

 

Net pension plan liability adjustment:

 

 

 

 

     Amortization of unrecognized loss

 

 (374)

 

Salaries and employee benefits

     Amortization of transition asset

 

 39 

 

Salaries and employee benefits

     Amortization of prior service costs

 

 (12)

 

Salaries and employee benefits

     Taxes

 

 138 

 

Tax benefit



$

 (209)

 

Net of tax

Net SERP liability adjustment:

 

 

 

 

     Amortization of unrecognized loss

 

 (17)

 

Salaries and employee benefits

     Amortization of prior service costs

 

 (20)

 

Salaries and employee benefits

     Taxes

 

 15 

 

Tax benefit



$

 (22)

 

Net of tax



 

 

 

 

Total reclassifications for the period

$

 9 

 

Net of tax