Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2018

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table summarizes activity in the unrealized loss on securities transferred from available for sale to held to maturity included in other comprehensive income (loss) for the three months ended March 31, 2018 and 2017.

	For the three months ended March 31,
	2018			2017
Balance at beginning of period	$	(174,000	)	$	(129,000	)
Amortization of net unrealized losses	(10,000		)	(6,000		)
Related deferred taxes (at a Federal Income Tax rate of 21% for March 31, 2018 and 35% for March 31, 2017)	2,000			2,000
Net change	(8,000		)	(4,000		)
Balance at end of period	$	(182,000	)	$	(133,000	)

The following table presents the effect of the Company's derivative financial instruments included in other comprehensive income (loss) for the three months ended March 31, 2018 and 2017.

	For the three months ended March 31,
	2018			2017
Balance at beginning of period	$	1,544,000		$	1,163,000
Unrealized gains on cash flow hedging derivatives arising during the period	486,000			96,000
Related deferred taxes (at a Federal Income Tax rate of 21% for March 31, 2018 and 35% for March 31, 2017)	(102,000		)	(33,000		)
Net change	384,000			63,000
Balance at end of period	$	1,928,000		$	1,226,000

The following table summarizes activity in the unrealized gain or loss on postretirement benefits included in other comprehensive income (loss) for the three months ended March 31, 2018 and 2017.

	For the three months ended March 31,
	2018			2017
Unrecognized postretirement benefits at beginning of period	$	(147,000	)	$	(102,000	)
Amortization of unrecognized transition obligation	—			—
Change in unamortized net actuarial gain (loss)	—			—
Related deferred taxes (at a Federal Income Tax rate of 21% for March 31, 2018 and 35% for March 31, 2017)	—			—
Unrecognized postretirement benefits at end of period	$	(147,000	)	$	(102,000	)

The following table summarizes activity in the unrealized gain or loss on available for sale securities included in other comprehensive income (loss) for the three months ended March 31, 2018 and 2017.

	For the three months ended March 31,
	2018			2017
Balance at beginning of period	$	(2,901,000	)	$	(935,000	)
Unrealized gains (losses) arising during the period	(4,052,000		)	5,000
Reclassification of realized gains during the period	(136,000		)	(3,000		)
Related deferred taxes (at a Federal Income Tax rate of 21% for March 31, 2018 and 35% for March 31, 2017)	879,000			(1,000		)
Net change	(3,309,000		)	1,000
Balance at end of period	$	(6,210,000	)	$	(934,000	)