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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2019
Stockholders' Equity  
Schedule of the change in the components of the accumulated other comprehensive loss

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2019

 

 

 

 

 

 

 

 

Accumulated

 

 

 

 

 

Unrecognized Net

 

Other

 

 

Unrealized

 

Pension and

 

Comprehensive

 

 

Gain (Loss)

 

Postretirement

 

(Loss)

(in thousands)

    

on Securities (1)

    

Costs (2)

    

Income

Balance at beginning of period

 

$

(3,455)

 

$

(2,644)

 

$

(6,099)

Other comprehensive income, before reclassifications

 

 

1,745

 

 

19

 

 

1,764

Amounts reclassified from accumulated other comprehensive (loss) income

 

 

 —

 

 

 —

 

 

 —

Current period other comprehensive income, before tax

 

 

1,745

 

 

19

 

 

1,764

Income tax expense

 

 

(367)

 

 

(4)

 

 

(371)

Current period other comprehensive income, net of tax

 

 

1,378

 

 

15

 

 

1,393

Balance at end of period

 

$

(2,077)

 

$

(2,629)

 

$

(4,706)

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrecognized Net

 

Accumulated

 

 

Unrealized

 

Pension and

 

Other

 

 

Gain (Loss)

 

Postretirement

 

Comprehensive

(in thousands)

    

on Securities (1)

    

Costs (2)

    

Loss

Balance at beginning of period

 

$

(2,500)

 

$

(3,162)

 

$

(5,662)

Other comprehensive (loss) income, before reclassifications

 

 

(2,171)

 

 

54

 

 

(2,117)

Amounts reclassified from accumulated other comprehensive (loss) income

 

 

 —

 

 

 —

 

 

 —

Current period other comprehensive (loss) income, before tax

 

 

(2,171)

 

 

54

 

 

(2,117)

Income tax benefit (expense)

 

 

456

 

 

(12)

 

 

444

Current period other comprehensive (loss) income, net of tax

 

 

(1,715)

 

 

42

 

 

(1,673)

Balance at end of period

 

$

(4,215)

 

$

(3,120)

 

$

(7,335)


(1)

The pre-tax amounts reclassified from accumulated other comprehensive loss are included in gain on sale of investment securities in the consolidated statements of income.

(2)

The pre-tax amounts reclassified from accumulated other comprehensive loss are included in the computation of net periodic pension cost.