| Accumulated Other Comprehensive Income |
Note 12. Accumulated Other Comprehensive Income
The following tables present the activity in accumulated other
comprehensive income (“AOCI”), net of tax, by component
for the periods indicated:
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended September 30,
2016 |
|
| (Amounts in thousands) |
|
Unrealized Gains
(Losses) on Available-
for-Sale Securities |
|
|
Employee Benefit Plans |
|
|
Total |
|
|
Beginning balance
|
|
$ |
(1,706 |
) |
|
$ |
(1,311 |
) |
|
$ |
(3,017 |
) |
|
Other comprehensive income (loss) before reclassifications
|
|
|
465 |
|
|
|
(2 |
) |
|
|
463 |
|
|
Reclassified from AOCI
|
|
|
2,881 |
|
|
|
43 |
|
|
|
2,924 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net comprehensive income
|
|
|
3,346 |
|
|
|
41 |
|
|
|
3,387 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance
|
|
$ |
1,640 |
|
|
$ |
(1,270 |
) |
|
$ |
370 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended September 30,
2015 |
|
| (Amounts in thousands) |
|
Unrealized Gains
(Losses) on Available-
for-Sale Securities |
|
|
Employee Benefit Plan |
|
|
Total |
|
|
Beginning balance
|
|
$ |
(4,899 |
) |
|
$ |
(1,299 |
) |
|
$ |
(6,198 |
) |
|
Other comprehensive income before reclassifications
|
|
|
2,385 |
|
|
|
— |
|
|
|
2,385 |
|
|
Reclassified from AOCI
|
|
|
24 |
|
|
|
51 |
|
|
|
75 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net comprehensive income
|
|
|
2,409 |
|
|
|
51 |
|
|
|
2,460 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance
|
|
$ |
(2,490 |
) |
|
$ |
(1,248 |
) |
|
$ |
(3,738 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Nine Months Ended September 30,
2016 |
|
| (Amounts in thousands) |
|
Unrealized Gains
(Losses) on Available-
for-Sale Securities |
|
|
Employee Benefit Plans |
|
|
Total |
|
|
Beginning balance
|
|
$ |
(3,885 |
) |
|
$ |
(1,362 |
) |
|
$ |
(5,247 |
) |
|
Other comprehensive income (loss) before reclassifications
|
|
|
2,588 |
|
|
|
(36 |
) |
|
|
2,552 |
|
|
Reclassified from AOCI
|
|
|
2,937 |
|
|
|
128 |
|
|
|
3,065 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net comprehensive income
|
|
|
5,525 |
|
|
|
92 |
|
|
|
5,617 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance
|
|
$ |
1,640 |
|
|
$ |
(1,270 |
) |
|
$ |
370 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Nine Months Ended September 30,
2015 |
|
| (Amounts in thousands) |
|
Unrealized Gains
(Losses) on Available-
for-Sale Securities |
|
|
Employee Benefit Plan |
|
|
Total |
|
|
Beginning balance
|
|
$ |
(4,266 |
) |
|
$ |
(1,339 |
) |
|
$ |
(5,605 |
) |
|
Other comprehensive income (loss) before reclassifications
|
|
|
1,870 |
|
|
|
(62 |
) |
|
|
1,808 |
|
|
Reclassified from AOCI
|
|
|
(94 |
) |
|
|
153 |
|
|
|
59 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net comprehensive income
|
|
|
1,776 |
|
|
|
91 |
|
|
|
1,867 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance
|
|
$ |
(2,490 |
) |
|
$ |
(1,248 |
) |
|
$ |
(3,738 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
The following table presents reclassifications out of AOCI by
component for the periods indicated:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended
September 30, |
|
|
Nine Months Ended
September 30, |
|
|
Income Statement
Line Item Affected
|
| (Amounts in thousands) |
|
2016 |
|
|
2015 |
|
|
2016 |
|
|
2015 |
|
|
|
Available-for-sale securities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gains (losses) recognized
|
|
|
25 |
|
|
|
(39 |
) |
|
|
(53 |
) |
|
|
151 |
|
|
Net gain (loss) on sale of securities
|
|
Credit-related OTTI recognized
|
|
|
(4,635 |
) |
|
|
— |
|
|
|
(4,646 |
) |
|
|
— |
|
|
Net impairment losses recognized in earnings
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reclassified out of AOCI, before tax
|
|
|
(4,610 |
) |
|
|
(39 |
) |
|
|
(4,699 |
) |
|
|
151 |
|
|
Income before income taxes
|
|
Income tax effect
|
|
|
(1,729 |
) |
|
|
(15 |
) |
|
|
(1,762 |
) |
|
|
57 |
|
|
Income tax expense
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reclassified out of AOCI, net of tax
|
|
|
(2,881 |
) |
|
|
(24 |
) |
|
|
(2,937 |
) |
|
|
94 |
|
|
Net income
|
|
Employee benefit plans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of prior service cost
|
|
|
(57 |
) |
|
|
(65 |
) |
|
|
(170 |
) |
|
|
(195 |
) |
|
(1)
|
|
Amortization of net actuarial benefit cost
|
|
|
(12 |
) |
|
|
(17 |
) |
|
|
(35 |
) |
|
|
(50 |
) |
|
(1)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reclassified out of AOCI, before tax
|
|
|
(69 |
) |
|
|
(82 |
) |
|
|
(205 |
) |
|
|
(245 |
) |
|
Income before income taxes
|
|
Income tax effect
|
|
|
(26 |
) |
|
|
(31 |
) |
|
|
(77 |
) |
|
|
(92 |
) |
|
Income tax expense
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reclassified out of AOCI, net of tax
|
|
|
(43 |
) |
|
|
(51 |
) |
|
|
(128 |
) |
|
|
(153 |
) |
|
Net income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total reclassified out of AOCI, net of tax
|
|
$ |
(2,924 |
) |
|
$ |
(75 |
) |
|
$ |
(3,065 |
) |
|
$ |
(59 |
) |
|
Net income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (1) |
Amortization is included in net
periodic pension cost. See Note 11, “Employee Benefit
Plans.” |
|