Note 17 - Accumulated Other Comprehensive Loss
 12 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Comprehensive Income (Loss) Note [Text Block]
Note
17
– Accumulated Other Comprehensive Loss


The following table details the components of accumulated other comprehensive (loss) income for the
twelve
months ended
December
31,
2016,
2015
and
2014:
 
 
(dollars in thousands)
 
Net Change in
Unrealized Gains
on Available-for-
Sale Investment
Securities
 
 
Net Change in
Fair Value of
Derivative
Used for Cash
Flow Hedge
 
 
Net Change in
Unfunded
Pension
Liability
 
 
Accumulated
Other
Comprehensive
Loss
 
Balance, December 31, 2013
   $
(857
)
   $
743
     $
(5,451
)
   $
(5,565
)
Net change
    
2,173
      
(768
)
    
(7,544
)
    
(6,139
)
Balance, December 31, 2014
   $
1,316
     $
(25
)
   $
(12,995
)
   $
(11,704
)
                                 
Balance, December 31, 2014
   $
1,316
     $
(25
)
   $
(12,995
)
   $
(11,704
)
Net change
    
(542
)
    
25
      
11,809
      
11,292
  
Balance, December 31, 2015
   $
774
     $
—
     $
(1,186
)
   $
(412
)
                                 
Balance, December 31, 2015
   $
774
     $
—
     $
(1,186
)
   $
(412
)
Net change
    
(2,005
)
    
 
      
8
      
(1,997
)
Balance, December 31, 2016
   $
(1,231
)
   $
—
     $
(1,178
)
   $
(2,409
)
 
The following tables detail the amounts reclassified from each component of accumulated other comprehensive loss for the
twelve
month periods ended
December
31,
2016,
2015
and
2014:
 
 
 
Amount Reclassified from Accumulated Other
Comprehensive Loss
 
 
Description of Accumulated Other
  
For The Twelve Months Ended
December 31,
  
Affected Income Statement
Comprehensive Loss Component
  
2016
    
2015
    
2014
  
Category
Net unrealized gain on investment securities available for sale:
 
 
 
 
 
 
 
 
 
 
 
 
 
Realization of (loss) gain on sale of investment securities available for sale
   $
(77
)
   $
931
     $
471
  
Net gain (loss) on sale of available for sale investment securities
Less: income tax benefit (expense)     
27
      
(326
)
    
(165
)
Less: income tax benefit (expense)
Net of income tax    $
(50
)
   $
605
     $
306
  
Net of income tax
                           
Cash flow hedge
:
 
 
 
 
 
 
 
 
 
 
 
 
 
Realized loss on cash flow hedge
   $
—
     $
(611
)
   $
—
  
Other operating expenses
Less: income tax benefit     
—
      
214
      
—
  
Less: income tax benefit
Net of income tax     
—
      
(397
)
    
—
  
Net of income tax
Unfunded pension liability:
 
 
 
 
 
 
 
 
 
 
 
 
 
Amortization of net loss included in net periodic pension costs*
   $
98
     $
2,013
     $
419
  
Employee benefits
Settlement of pension plan settlement
    
—
      
17,377
      
—
  
Loss on pension plan settlement
Amortization of prior service cost included in net periodic pension costs*
    
—
      
—
      
14
  
Employee benefits
Gain on curtailment of SERP II
    
—
      
—
      
—
  
Net gain on curtailment of nonqualified pension plan
     
98
      
19,390
      
433
  
Total expense before income tax benefit
     
34
      
6,787
      
152
  
Less: income tax benefit
    $
64
     $
12,603
     $
281
  
Net of income tax
*Accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note
16
- Pension and Other Post-Retirement Benefit Plans.