Note 12 - Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2018

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

Note

1

2

. Accumulated Other Comprehensive Income

(Loss)

The following tables present the changes in accumulated other comprehensive income (“AOCI”), net of tax and by component, during the periods indicated:

	Three Months Ended June 30, 2018
	Unrealized Gains (Losses) on Available-for-Sale Securities			Employee Benefit Plans			Total
(Amounts in thousands)
Beginning balance	$	(722	)	$	(1,759	)	$	(2,481	)
Other comprehensive (loss) income before reclassifications		(233	)		73			(160	)
Reclassified from AOCI		-			56			56
Other comprehensive (loss) income, net		(233	)		129			(104	)
Ending balance	$	(955	)	$	(1,630	)	$	(2,585	)

	Three Months Ended June 30, 2017
	Unrealized Gains (Losses) on Available-for-Sale Securities			Employee Benefit  Plans			Total
(Amounts in thousands)
Beginning balance	$	(137	)	$	(1,344	)	$	(1,481	)
Other comprehensive income before reclassifications		1,028			-			1,028
Reclassified from AOCI		411			41			452
Other comprehensive income, net		1,439			41			1,480
Ending balance	$	1,302		$	(1,303	)	$	(1	)

	Six Months Ended June 30, 2018
	Unrealized Gains (Losses) on Available-for-Sale Securities			Employee Benefit Plans			Total
(Amounts in thousands)
Beginning balance	$	975		$	(1,815	)	$	(840	)
Other comprehensive (loss) income before reclassifications		(1,930	)		73			(1,857	)
Reclassified from AOCI		-			112			112
Other comprehensive (loss) income, net		(1,930	)		185			(1,745	)
Ending balance	$	(955	)	$	(1,630	)	$	(2,585	)

	Six Months Ended June 30, 2017
	Unrealized Gains (Losses) on Available-for-Sale Securities			Employee Benefit Plans			Total
(Amounts in thousands)
Beginning balance	$	(544	)	$	(1,467	)	$	(2,011	)
Other comprehensive income before reclassifications		1,435			83			1,518
Reclassified from AOCI		411			81			492
Other comprehensive income, net		1,846			164			2,010
Ending balance	$	1,302		$	(1,303	)	$	(1	)

The following table presents reclassifications out of AOCI, by component, during the periods indicated:

	Three Months Ended				Six Months Ended
	June 30,				June 30,				Income Statement
(Amounts in thousands)	2018		2017		2018		2017		Line Item Affected
Available-for-sale securities
Loss recognized	$	-	$	657	$	-	$	657	Net loss on sale of securities
Reclassified out of AOCI, before tax		-		657		-		657	Income before income taxes
Income tax expense		-		246		-		246	Income tax expense
Reclassified out of AOCI, net of tax		-		411		-		411	Net income
Employee benefit plans
Amortization of prior service cost	$	55	$	57	$	114	$	114	(1)
Amortization of net actuarial benefit cost		16		8		28		15	(1)
Reclassified out of AOCI, before tax		71		65		142		129	Income before income taxes
Income tax expense		15		24		30		48	Income tax expense
Reclassified out of AOCI, net of tax		56		41		112		81	Net income
Total reclassified out of AOCI, net of tax	$	56	$	452	$	112	$	492	Net income

( 1 ) Amortization is included in net periodic pension cost. See Note 10, "Employee Benefit Plans."