Other Comprehensive Income

9 Months Ended

Sep. 30, 2014

Other Comprehensive Income [Abstract]

Other Comprehensive Income

6. OTHER COMPREHENSIVE INCOME

The following tables summarize the changes in the components of accumulated other comprehensive income (loss) during the three and nine month periods ended September 30, 2014 and 2013:

	Balance at June 30, 2014		Net Change		Balance at September 30, 2014
	(in thousands)
Net unrealized gain (loss) on investment securities	$	980	$	(171)	$	809
Net defined benefit pension plans adjustments		(1,414)		18		(1,396)
Total	$	(434)	$	(153)	$	(587)
	Balance at June 30, 2013		Net Change		Balance at September 30, 2013
	(in thousands)
Net unrealized gain (loss) on investment securities	$	791	$	(142)	$	649
Net defined benefit pension plans adjustments		(2,281)		38		(2,243)
Total	$	(1,490)	$	(104)	$	(1,594)

	Balance at December 31, 2013		Net Change		Balance at September 30, 2014
	(in thousands)
Net unrealized gain (loss) on investment securities	$	191	$	618	$	809
Net defined benefit pension plans adjustments		(1,454)		58		(1,396)
Total	$	(1,263)	$	676	$	(587)
	Balance at December 31, 2012		Net Change		Balance at September 30, 2013
	(in thousands)
Net unrealized gain (loss) on investment securities	$	2,457	$	(1,808)	$	649
Net defined benefit pension plans adjustments		(2,356)		113		(2,243)
Total	$	101	$	(1,695)	$	(1,594)

	Three months ended September 30, 2014 (in thousands)						Three months ended September 30, 2013 (in thousands)
	Before-Tax Amount		Income Tax (Provision) Benefit		Net-of-Tax Amount		Before-Tax Amount		Income Tax (Provision) Benefit		Net-of-Tax Amount
Unrealized loss on investment securities:
Unrealized loss on
investment securities	$	(281)	$	110	$	(171)	$	(231)	$	89	$	(142)
Reclassification from accumulated other
comprehensive income for gains (losses)		-		-		-		-		-		-
Net change		(281)		110		(171)		(231)		89		(142)
Defined benefit pension plans adjustments:
Net actuarial (loss) gain	$	-	$	-	$	-	$	-	$	-	$	-
Reclassifications from accumulated other
comprehensive income for gains (losses)
Amortization of prior service cost (a)		7		(3)		4		17		(7)		10
Amortization of actuarial loss (a)		25		(11)		14		45		(17)		28
Net change		32		(14)		18		62		(24)		38
Other Comprehensive Income (Loss)	$	(249)	$	96	$	(153)	$	(169)	$	65	$	(104)

(a)   Included in net periodic pension cost, as described in Note 9 – “Net Periodic Benefit Costs”

	Nine months ended September 30, 2014 (in thousands)						Nine months ended September 30, 2013 (in thousands)
	Before-Tax Amount		Income Tax (Provision) Benefit		Net-of-Tax Amount		Before-Tax Amount		Income Tax (Provision) Benefit		Net-of-Tax Amount
Unrealized gain (loss) on investment securities:
Unrealized gain (loss) on
investment securities	$	1,007	$	(389)	$	618	$	(2,950)	$	1,142	$	(1,808)
Reclassification from accumulated other
comprehensive income for gains (losses)		-		-		-		-		-		-
Net change		1,007		(389)		618		(2,950)		1,142		(1,808)
Defined benefit pension plans adjustments:
Net actuarial (loss) gain	$	-	$	-	$	-	$	-	$	-	$	-
Reclassifications from accumulated other
comprehensive income for gains (losses)
Amortization of prior service cost (a)		22		(10)		12		52		(20)		32
Amortization of actuarial loss (a)		77		(31)		46		133		(52)		81
Net change		99		(41)		58		185		(72)		113
Other Comprehensive Income (Loss)	$	1,106	$	(430)	$	676	$	(2,765)	$	1,070	$	(1,695)

(a)   Included in net periodic pension cost, as described in Note 9 – “Net Periodic Benefit Costs”