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Changes in Accumulated Other Comprehensive Income Balances (Tables)
6 Months Ended
Jun. 30, 2018
Changes in Accumulated Other Comprehensive Income Balances [Abstract]  
Schedule of Changes in Accumulated Other Comprehensive Income

The changes in accumulated other comprehensive income balances as of June 30, 2018 and 2017 were as follows (in thousands):







 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

Minimum

 

 

 

Accumulated Other



 

Pension

 

Unrealized

 

Comprehensive



 

Liability

 

Gains (Losses)

 

Income



 

 

 

 

 

 

 

 

 

Balance at December 31, 2016

 

$

(2,666)

 

$

13,037 

 

$

10,371 

Other comprehensive income:

 

 

 

 

 

 

 

 

 

Change in net actuarial gain

 

 

70 

 

 

 -

 

 

70 

Tax effect on change in net actuarial gain

 

 

(24)

 

 

 -

 

 

(24)

Net unrealized holding gains arising during the period

 

 

 -

 

 

7,900 

 

 

7,900 

Tax effect on unrealized gains arising during the period

 

 

 -

 

 

(2,765)

 

 

(2,765)

Reclassification adjustment for realized gains included in investment gains and losses

 

 

 -

 

 

(2,491)

 

 

(2,491)

Tax effect on reclassification adjustment for realized gains included in income tax expense

 

 

 -

 

 

872 

 

 

872 

Other comprehensive income, net of tax

 

 

46 

 

 

3,516 

 

 

3,562 

Balance at June 30, 2017

 

$

(2,620)

 

$

16,553 

 

$

13,933 



 

 

 

 

 

 

 

 

 

Balance at December 31, 2017

 

$

(2,310)

 

$

14,544 

 

$

12,234 

Other comprehensive income:

 

 

 

 

 

 

 

 

 

Change in net actuarial gain

 

 

53 

 

 

 -

 

 

53 

Tax effect on change in net actuarial gain

 

 

(11)

 

 

 -

 

 

(11)

Net unrealized holding gains arising during the period

 

 

 -

 

 

1,567 

 

 

1,567 

Tax effect on unrealized gains arising during the period

 

 

 -

 

 

(329)

 

 

(329)

Reclassification adjustment for realized gains included in investment gains and losses

 

 

 -

 

 

(7)

 

 

(7)

Tax effect on reclassification adjustment for realized gains included in income tax expense

 

 

 -

 

 

 

 

Other comprehensive income, net of tax

 

 

42 

 

 

1,233 

 

 

1,275 

Reclassification of certain tax effects from accumulated other comprehensive income at January 1, 2018

 

 

(569)

 

 

3,188 

 

 

2,619 

Cumulative effect of adoption of updated accounting guidance for equity financial instruments at January 1, 2018

 

 

 -

 

 

(16,993)

 

 

(16,993)

Balance at June 30, 2018

 

$

(2,837)

 

$

1,972 

 

$

(865)