Note 3 - Comprehensive Income

6 Months Ended

Jun. 30, 2015

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		Income Tax	Net-of-Tax
	Amount		Effect	Amount
Six Months Ended June 30, 2015:
Unrealized losses on available-for-sale securities:
Unrealized holding losses on available-for-sale securities	$(847	)	$297	$(550	)
Reclassification adjustment for (gains) realized in income	(1,006	)	352	(654	)
Other comprehensive loss on available-for-sale securities	(1,853	)	649	(1,204	)
Unfunded pension and postretirement obligations:
Changes from plan amendments and actuarial gains and losses included in other comprehensive income	(100	)	35	(65	)
Amortization of net transition obligation, prior service cost and net actuarial loss included in net periodic benefit cost	(8	)	3	(5	)
Other comprehensive loss on unfunded retirement obligations	(108	)	38	(70	)
Total other comprehensive loss	$(1,961	)	$687	$(1,274	)

(In Thousands)	Before-Tax		Income Tax		Net-of-Tax
	Amount		Effect		Amount
Six Months Ended June 30, 2014:
Unrealized gains on available-for-sale securities:
Unrealized holding gains on available-for-sale securities	$9,857		$(3,450	)	$6,407
Reclassification adjustment for (gains) realized in income	(134	)	47		(87	)
Other comprehensive income on available-for-sale securities	9,723		(3,403	)	6,320
Unfunded pension and postretirement obligations:
Changes from plan amendments and actuarial gains and losses included in other comprehensive income	144		(50	)	94
Amortization of net transition obligation, prior service cost and net actuarial loss included in net periodic benefit cost	(8	)	3		(5	)
Other comprehensive income on unfunded retirement obligations	136		(47	)	89
Total other comprehensive income	$9,859		$(3,450	)	$6,409

(In Thousands)	Before-Tax		Income Tax	Net-of-Tax
	Amount		Effect	Amount
Three Months Ended June 30, 2015:
Unrealized losses on available-for-sale securities:
Unrealized holding losses on available-for-sale securities	$(4,572	)	$1,601	$(2,971	)
Reclassification adjustment for (gains) realized in income	(932	)	326	(606	)
Other comprehensive loss on available-for-sale securities	(5,504	)	1,927	(3,577	)
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	(5	)	2	(3	)
Other comprehensive loss on unfunded retirement obligations	(5	)	2	(3	)
Total other comprehensive loss	$(5,509	)	$1,929	$(3,580	)

(In Thousands)	Before-Tax		Income Tax		Net-of-Tax
	Amount		Effect		Amount
Three Months Ended June 30, 2014:
Unrealized gains on available-for-sale securities:
Unrealized holding gains on available-for-sale securities	$4,523		$(1,582	)	$2,941
Reclassification adjustment for (gains) realized in income	(103	)	36		(67	)
Other comprehensive income on available-for-sale securities	4,420		(1,546	)	2,874
Unfunded pension and postretirement obligations:
Changes from plan amendments and actuarial gains and losses included in other comprehensive income	3		(1	)	2
Amortization of net transition obligation, prior service cost and net actuarial loss included in net periodic benefit cost	(4	)	2		(2	)
Other comprehensive loss on unfunded retirement obligations	(1	)	1		0
Total other comprehensive income	$4,419		$(1,545	)	$2,874

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

(In Thousands)	Unrealized		Unfunded		Accumulated
	Holding Gains		Pension and		Other
	(Losses)		Postretirement		Comprehensive
	on Securities		Obligations		Income
Six Months Ended June 30, 2015
Balance, beginning of period	$5,281		$79		$5,360
Other comprehensive loss before reclassifications	(550	)	(65	)	(615	)
Amounts reclassified from accumulated other comprehensive income	(654	)	(5	)	(659	)
Other comprehensive loss	(1,204	)	(70	)	(1,274	)
Balance, end of period	$4,077		$9		$4,086

Six Months Ended June 30, 2014
Balance, beginning of period	$(1,004	)	$11		$(993	)
Other comprehensive income before reclassifications	6,407		94		6,501
Amounts reclassified from accumulated other comprehensive income	(87	)	(5	)	(92	)
Other comprehensive income	6,320		89		6,409
Balance, end of period	$5,316		$100		$5,416

Three Months Ended June 30, 2015
Balance, beginning of period	$7,654		$12		$7,666
Other comprehensive loss before reclassifications	(2,971	)	0		(2,971	)
Amounts reclassified from accumulated other comprehensive income	(606	)	(3	)	(609	)
Other comprehensive loss	(3,577	)	(3	)	(3,580	)
Balance, end of period	$4,077		$9		$4,086

Three Months Ended June 30, 2014
Balance, beginning of period	$2,442		$100		$2,542
Other comprehensive income before reclassifications	2,941		2		2,943
Amounts reclassified from accumulated other comprehensive income	(67	)	(2	)	(69	)
Other comprehensive income	2,874		0		2,874
Balance, end of period	$5,316		$100		$5,416

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

For the Six Months Ended June 30, 2015
(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	$(1,006	)	Realized gains on available-for-sale securities, net
	352		Income tax provision
	(654	)	Net of tax
Amortization of defined benefit pension and postretirement items:
Prior service cost	(15	)	Pensions and other employee benefits
Actuarial loss	7		Pensions and other employee benefits
	(8	)	Total before tax
	3		Income tax provision
	(5	)	Net of tax
Total reclassifications for the period	$(659	)

For the Six Months Ended June 30, 2014
(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	$(134	)	Realized gains on available-for-sale securities, net
	47		Income tax provision
	(87	)	Net of tax
Amortization of defined benefit pension and postretirement items:
Prior service cost	(16	)	Pensions and other employee benefits
Actuarial loss	8		Pensions and other employee benefits
	(8	)	Total before tax
	3		Income tax provision
	(5	)	Net of tax
Total reclassifications for the period	$(92	)

For the Three Months Ended June 30, 2015

(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	$(932	)	Realized gains on available-for-sale securities, net
	326		Income tax provision
	(606	)	Net of tax
Amortization of defined benefit pension and postretirement items:
Prior service cost	(8	)	Pensions and other employee benefits
Actuarial loss	3		Pensions and other employee benefits
	(5	)	Total before tax
	2		Income tax provision
	(3	)	Net of tax
Total reclassifications for the period	$(609	)

For the Three Months Ended June 30, 2014
(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	$(103	)	Realized gains on available-for-sale securities, net
	36		Income tax provision
	(67	)	Net of tax
Amortization of defined benefit pension and postretirement items:
Prior service cost	(8	)	Pensions and other employee benefits
Actuarial loss	4		Pensions and other employee benefits
	(4	)	Total before tax
	2		Income tax provision
	(2	)	Net of tax
Total reclassifications for the period	$(69	)