Note 3 - Comprehensive Income

6 Months Ended

Jun. 30, 2013

Disclosure Text Block [Abstract]

Comprehensive Income (Loss) Note [Text Block]

3. COMPREHENSIVE INCOME

Comprehensive income is the total of (1) net income, and (2) all other changes in equity from non-stockholder sources, which are referred to as other comprehensive income. The components of other comprehensive income, and the related tax effects, are as follows:

(In Thousands)	Before-Tax Amount			Income Tax Effect			Net-of-Tax Amount
Six Months Ended June 30, 2013:
Unrealized gains on available-for-sale securities:
Unrealized holding losses on available-for-sale securities	$	(12,179	)	$	4,261		$	(7,918	)
Reclassification adjustment for (gains) realized in income		(1,259	)		441			(818	)
Other comprehensive loss on available-for-sale securities		(13,438	)		4,702			(8,736	)
Unfunded pension and postretirement obligations:
Changes from plan amendments and actuarial gains and losses included in other comprehensive income		636			(223	)		413
Amortization of net transition obligation, prior service cost and net actuarial loss included in net periodic benefit cost		0			0			0
Other comprehensive gain on unfunded retirement obligations		636			(223	)		413
Total other comprehensive loss	$	(12,802	)	$	4,479		$	(8,323	)

(In Thousands)	Before-Tax Amount			Income Tax Effect			Net-of-Tax Amount
Six Months Ended June 30, 2012:
Unrealized gains on available-for-sale securities:
Unrealized holding gains on available-for-sale securities	$	1,571		$	(712	)	$	859
Reclassification adjustment for (gains) realized in income		(201	)		70			(131	)
Other comprehensive gain on available-for-sale securities		1,370			(642	)		728
Unfunded pension and postretirement obligations:
Changes from plan amendments and actuarial gains and losses included in other comprehensive income		200			(61	)		139
Amortization of net transition obligation, prior service cost and net actuarial loss included in net periodic benefit cost		40			(13	)		27
Other comprehensive gain on unfunded retirement obligations		240			(74	)		166
Total other comprehensive income	$	1,610		$	(716	)	$	894
Three Months Ended June 30, 2013:
Unrealized gains on available-for-sale securities:
Unrealized holding losses on available-for-sale securities	$	(9,732	)	$	3,406		$	(6,326	)
Reclassification adjustment for (gains) realized in income		(100	)		35			(65	)
Other comprehensive loss on available-for-sale securities		(9,832	)		3,441			(6,391	)
Unfunded pension and postretirement obligations:
Changes from plan amendments and actuarial gains and losses included in other comprehensive income		0			0			0
Amortization of net transition obligation, prior service cost and net actuarial loss included in net periodic benefit cost		0			0			0
Other comprehensive gain on unfunded retirement obligations		0			0			0
Total other comprehensive loss	$	(9,832	)	$	3,441		$	(6,391	)
Three Months Ended June 30, 2012:
Unrealized gains on available-for-sale securities:
Unrealized holding gains on available-for-sale securities	$	1,227		$	(428	)	$	799
Reclassification adjustment for (gains) realized in income		(203	)		71			(132	)
Other comprehensive gain on available-for-sale securities		1,024			(357	)		667
Unfunded pension and postretirement obligations:
Changes from plan amendments and actuarial gains and losses included in other comprehensive income		0			0			0
Amortization of net transition obligation, prior service cost and net actuarial loss included in net periodic benefit cost		20			(7	)		13
Other comprehensive gain on unfunded retirement obligations		20			(7	)		13
Total other comprehensive income	$	1,044		$	(364	)	$	680

Changes in the components of accumulated other comprehensive income are as follows and are presented net of tax:

(In Thousands)	Unrealized Holding Gains (Losses) on Securities			Unfunded Pension and Postretirement Obligations			Accumulated Other Comprehensive Income
Six Months Ended June 30, 2013
Balance, beginning of period	$	11,568		$	(565	)	$	11,003
Other comprehensive (loss) income before reclassifications		(7,918	)		413			(7,505	)
Amounts reclassified from accumulated other comprehensive income		(818	)		0			(818	)
Other comprehensive (loss) income		(8,736	)		413			(8,323	)
Balance, end of period	$	2,832		$	(152	)	$	2,680
Six Months Ended June 30, 2012
Balance, beginning of period	$	10,791		$	(631	)	$	10,160
Other comprehensive income before reclassifications		859			139			998
Amounts reclassified from accumulated other
comprehensive income		(131	)		27			(104	)
Other comprehensive income		728			166			894
Balance, end of period	$	11,519		$	(465	)	$	11,054
Three Months Ended June 30, 2013
Balance, beginning of period	$	9,223		$	(152	)	$	9,071
Other comprehensive loss before reclassifications		(6,326	)		0			(6,326	)
Amounts reclassified from accumulated other comprehensive income		(65	)		0			(65	)
Other comprehensive loss		(6,391	)		0			(6,391	)
Balance, end of period	$	2,832		$	(152	)	$	2,680
Three Months Ended June 30, 2012
Balance, beginning of period	$	10,852		$	(478	)	$	10,374
Other comprehensive income before reclassifications		799			0			799
Amounts reclassified from accumulated other comprehensive income		(132	)		13			(119	)
Other comprehensive income		667			13			680
Balance, end of period	$	11,519		$	(465	)	$	11,054

Items reclassified out of each component of other comprehensive income are as follows:

For the Six Months Ended June 30, 2013
(In Thousands)
	Reclassified from
Details about Accumulated Other	Accumulated Other			Affected Line Item in the Consolidated
Comprehensive Income Components	Comprehensive Income			Statements of Income
Unrealized gains and losses on available-for-sale securities	$	25		Total other-than-temporary impairment losses on
				available-for-sale securities
		(1,284	)	Realized gains on available-for-sale securities, net
		(1,259	)	Total before tax
		441		Income tax provision
		(818	)	Net of tax
Amortization of defined benefit pension and postretirement items
Prior service cost		(16	)	Pensions and other employee benefits
Actuarial loss		16		Pensions and other employee benefits
		0		Total before tax
		0		Income tax provision
		0		Net of tax
Total reclassifications for the period	$	(818	)

For the Three Months Ended June 30, 2013
(In Thousands)
	Reclassified from
Details about Accumulated Other	Accumulated Other			Affected Line Item in the Consolidated
Comprehensive Income Components	Comprehensive Income			Statements of Income
Unrealized gains and losses on available-for-sale securities	$	0		Total other-than-temporary impairment losses on
				available-for-sale securities
		(100	)	Realized gains on available-for-sale securities, net
		(100	)	Total before tax
		35		Income tax provision
		(65	)	Net of tax
Amortization of defined benefit pension and postretirement items
Prior service cost		(8	)	Pensions and other employee benefits
Actuarial loss		8		Pensions and other employee benefits
		0		Total before tax
		0		Income tax provision
		0		Net of tax
Total reclassifications for the period	$	(65	)