Other Comprehensive Income

9 Months Ended

Sep. 30, 2016

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, 2016 and 2015:

	Balance at June 30, 2016		Net Change		Balance at September 30, 2016
	(in thousands)
Net unrealized loss on investment securities	$	1,384	$	(376)	$	1,008
Net defined benefit pension plan adjustments		(2,205)		40		(2,165)
Total	$	(821)	$	(336)	$	(1,157)
	Balance at June 30, 2015		Net Change		Balance at September 30, 2015
	(in thousands)
Net unrealized gain on investment securities	$	605	$	412	$	1,017
Net defined benefit pension plan adjustments		(2,348)		36		(2,312)
Total	$	(1,743)	$	448	$	(1,295)

	Balance at December 31, 2015		Net Change		Balance at September 30, 2016
	(in thousands)
Net unrealized gain on investment securities	$	475	$	533	$	1,008
Net defined benefit pension plan adjustments		(2,285)		120		(2,165)
Total	$	(1,810)	$	653	$	(1,157)
	Balance at December 31, 2014		Net Change		Balance at September 30, 2015
	(in thousands)
Net unrealized gain on investment securities	$	911	$	106	$	1,017
Net defined benefit pension plan adjustments		(2,419)		107		(2,312)
Total	$	(1,508)	$	213	$	(1,295)

	Three months ended September 30, 2016						Three months ended September 30, 2015
	(in thousands)						(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 (loss) gain on investment
securities	$	(605)	$	229	$	(376)	$	673	$	(261)	$	412
Reclassification from accumulated other
comprehensive income for gains (losses)		-		-		-		-		-		-
Net change		(605)		229		(376)		673		(261)		412
Defined benefit pension plan
adjustments:
Reclassifications from accumulated other
comprehensive income for gains (losses)
Amortization of prior service cost (a)	$	8	$	(3)	$	5	$	37	$	(14)	$	23
Amortization of actuarial loss (a)		56		(21)		35		20		(7)		13
Net change		64		(24)		40		57		(21)		36
Other Comprehensive (Loss) Income	$	(541)	$	205	$	(336)	$	730	$	(282)	$	448

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

	Nine months ended September 30, 2016							Nine months ended September 30, 2015
	(in thousands)							(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 on investment
securities	$	860	$	(327)		$	533	$	173	$	(67)	$	106
Reclassification from accumulated other
comprehensive income for gains (losses)		-		-			-		-		-		-
Net change		860		(327)			533		173		(67)		106
Defined benefit pension plan
adjustments:
Reclassifications from accumulated other
comprehensive income for gains (losses)
Amortization of prior service cost (a)	$	24	$	(9)	$		15	$	53	$	(20)	$	33
Amortization of actuarial loss (a)		168		(63)			105		120		(46)		74
Net change		192		(72)			120		173		(66)		107
Other Comprehensive Income	$	1,052	$	(399)		$	653	$	346	$	(133)	$	213

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