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Change in Accumulated Other Comprehensive Income (Loss) (Tables)
6 Months Ended
Jun. 30, 2015
Equity [Abstract]  
Components of Accumulated Other Comprehensive Income

Changes to accumulated other comprehensive income by component are shown net of taxes in the following tables for the period indicated:

 

(In Thousands)    Net unrealized
gains (losses) on
investment
securities available-
for-sale
    Net change in
securities held-to-
maturity
    Net unrealized
gains (losses) on
defined benefit
plan
    Total  

Balance, March 31, 2015

   $ 6,940     $ (171 )    $ 832     $ 7,601  

Other comprehensive loss before reclassifications

     (6,024 )      —         (15 )      (6,039 ) 

Less: Amounts reclassified from accumulated other comprehensive income

     (296 )      —         —         (296 ) 

Amortization of unrealized gain on securities reclassified to held-to-maturity

     —          (37 )      —         (37 ) 
  

 

 

   

 

 

   

 

 

   

 

 

 

Net current-period other comprehensive loss

     (6,320 )      (37 )      (15 )      (6,372 ) 
  

 

 

   

 

 

   

 

 

   

 

 

 

Balance, June 30, 2015

   $ 620     $ (208 )    $ 817     $ 1,229  
  

 

 

   

 

 

   

 

 

   

 

 

 

Balance, March 31, 2014

   $ (12,035 )    $ —       $ (472 )    $ (12,507 ) 

Other comprehensive income before reclassifications

     9,678       —         60       9,738  

Less: Amounts reclassified from accumulated other comprehensive loss

     (226 )      —         —         (226 ) 
  

 

 

   

 

 

   

 

 

   

 

 

 

Net current-period other comprehensive income

     9,452       —         60       9,512  
  

 

 

   

 

 

   

 

 

   

 

 

 

Balance, June 30, 2014

   $ (2,583 )    $ —       $ (412 )    $ (2,995 ) 
  

 

 

   

 

 

   

 

 

   

 

 

 
(In Thousands)    Net unrealized
gains (losses) on
investment
securities  available-

for-sale
    Net change in
securities held-to-
maturity
    Net unrealized
gains (losses) on
defined benefit
plan
    Total  

Balance, December 31, 2014

   $ 2,653     $ —       $ 847     $ 3,500  

Other comprehensive loss before reclassifications

     (1,457 )      —         (30 )      (1,487 ) 

Less: Amounts reclassified from accumulated other comprehensive income

     (576 )      —         —         (576 ) 

Amortization of unrealized gain on securities reclassified to held-to-maturity

     —          (208 )      —         (208 ) 
  

 

 

   

 

 

   

 

 

   

 

 

 

Net current-period other comprehensive loss

     (2,033 )      (208 )      (30 )      (2,271 ) 
  

 

 

   

 

 

   

 

 

   

 

 

 

Balance, June 30, 2015

   $ 620     $ (208 )    $ 817     $ 1,229  
  

 

 

   

 

 

   

 

 

   

 

 

 

Balance, December 31, 2013

     (20,822 )    $ —       $ (472 )    $ (21,294 ) 

Other comprehensive income before reclassifications

     18,824       —         60       18,884  

Less: Amounts reclassified from accumulated other comprehensive loss

     (585 )      —         —         (585 ) 
  

 

 

   

 

 

   

 

 

   

 

 

 

Net current-period other comprehensive income

     18,239       —         60       18,299  
  

 

 

   

 

 

   

 

 

   

 

 

 

Balance, June 30, 2014

   $ (2,583 )    $ —       $ (412 )    $ (2,995 ) 
  

 

 

   

 

 

   

 

 

   

 

 

 
Components of Other Comprehensive Income

The statement of operations impacted by components of other comprehensive income are presented in the table below:

 

     Three Months Ended    

Affected line item in Statements of Operations

     June 30,    
(In Thousands)    2015     2014      

Securities available-for-sale:

      

Realized gains on securities transactions

   $ 477     $ 365     Security gains, net

Income taxes

     (181 )      (139 )    Income tax provision
  

 

 

   

 

 

   

Net of tax

   $ 296     $ 226    
  

 

 

   

 

 

   

Net unrealized holding gains on securities transferred between available-for-sale and held-to-maturity:

      

Amortization of net unrealized gains to income during the period

   $ (157 )    $ —       Interest income on investment securities

Income taxes

     120       —       Income tax provision
  

 

 

   

 

 

   

Net of tax

   $ (37 )    $ —      
  

 

 

   

 

 

   

Amortization of Defined Benefit Pension items:

      

Prior service (credits) costs

   $ (19 )    $ 919     Salaries, benefits and other compensation

Transition obligation

     —         245    

Actuarial (gains) losses

     (5 )      (1,068 )    Income tax provision
  

 

 

   

 

 

   

Total before tax

   $ (24 )    $ 96    

Income taxes

     (9 )      (36 )   
  

 

 

   

 

 

   

Net of tax

     (15 )      60    
  

 

 

   

 

 

   

Total reclassifications

   $ 274     $ 166    
  

 

 

   

 

 

   
     Six Months Ended    

Affected line item in Statements of Operations

     June 30,    
     2015     2014      

Securities available-for-sale:

      

Realized gains on securities transactions

   $ 928     $ 943     Security gains, net

Income taxes

     (352 )      (358 )    Income tax provision
  

 

 

   

 

 

   

Net of tax

   $ 576     $ 585    
  

 

 

   

 

 

   

Net unrealized holding gains on securities transferred between available-for-sale and held-to-maturity:

      

Amortization of net unrealized gains to income during the period

   $ (328 )    $ —       Interest income on investment securities

Income taxes

     120       —       Income tax provision
  

 

 

   

 

 

   

Net of tax

   $ (208 )    $ —      
  

 

 

   

 

 

   

Amortization of Defined Benefit Pension items:

      

Prior service (credits) costs

   $ (37 )    $ 919     Salaries, benefits and other compensation

Transition obligation

     —         245    

Actuarial (gains) losses

     (10 )      (1,068 )    Income tax provision
  

 

 

   

 

 

   

Total before tax

   $ (47 )    $ 96    

Income taxes

     17       (36 )   
  

 

 

   

 

 

   

Net of tax

   $ (30 )    $ 60    
  

 

 

   

 

 

   

Total reclassifications

   $ 398     $ 525