Comprehensive Income (Tables)
 12 Months Ended
Dec. 31, 2015
Equity [Abstract]  
Components of Other Comprehensive Income and Related Tax Effects

The components of other comprehensive income and related tax effects are as follows:

 

     Years Ended December 31,  
     2015      2014      2013  
     (in thousands)  

Unrealized holding losses on available for sale securities before reclassifications

    $ (1,895 )     $ (162 )     $ (4,232 ) 

Amounts reclassified out of accumulated other comprehensive income

      —           —           —     
  

 

 

     

 

 

     

 

 

  

Unrealized holding losses on available for sale securities after reclassifications

      (1,895 )       (162 )       (4,232 ) 

Tax effect

      797         68         1,780   
  

 

 

     

 

 

     

 

 

  

Unrealized holding losses on available for sale securities, net of tax

      (1,098 )       (94 )       (2,452 ) 
  

 

 

     

 

 

     

 

 

  

Change in unfunded status of the supplemental retirement plans before reclassifications

      1,384         (7,253 )       2,575   

Amounts reclassified out of accumulated other comprehensive income:

         

Amortization of prior service cost

      (57 )       138         153   

Amortization of actuarial losses

      823         17         291   
  

 

 

     

 

 

     

 

 

  

Total amounts reclassified out of accumulated other comprehensive income

      766         155         444   
  

 

 

     

 

 

     

 

 

  

Change in unfunded status of the supplemental retirement plans after reclassifications

      2,150         (7,098 )       3,019   

Tax effect

      (904 )       2,984         (1,269 ) 
  

 

 

     

 

 

     

 

 

  

Change in unfunded status of the supplemental retirement plans, net of tax

      1,246         (4,114 )       1,750   
  

 

 

     

 

 

     

 

 

  

Change in joint beneficiary agreement liability before reclassifications

      277         148         400   

Amounts reclassified out of accumulated other comprehensive income

      —           —           —     
  

 

 

     

 

 

     

 

 

  

Change in joint beneficiary agreement liability after reclassifications

      277         148         400   

Tax effect

      —           —           —     
  

 

 

     

 

 

     

 

 

  

Change in joint beneficiary agreement liability, net of tax

      277         148         400   
  

 

 

     

 

 

     

 

 

  

Total other comprehensive income (loss)

    $ 425       $ (4,060 )     $ (302 ) 
  

 

 

     

 

 

     

 

 

  

Components of Accumulated Other Comprehensive Income

The components of accumulated other comprehensive income, included in shareholders’ equity, are as follows:

 

     December 31,  
     2015      2014  
     (in thousands)  

Net unrealized gains on available for sale securities

    $ 2,145       $ 4,040   

Tax effect

      (902 )       (1,699 ) 
  

 

 

     

 

 

  

Unrealized holding gains on available for sale securities, net of tax

      1,243         2,341   
  

 

 

     

 

 

  

Unfunded status of the supplemental retirement plans

      (5,735 )       (7,885 ) 

Tax effect

      2,411         3,315   
  

 

 

     

 

 

  

Unfunded status of the supplemental retirement plans, net of tax

      (3,324 )       (4,570 ) 
  

 

 

     

 

 

  

Joint beneficiary agreement liability

      303         26   

Tax effect

      —           —     
  

 

 

     

 

 

  

Joint beneficiary agreement liability, net of tax

      303         26   
  

 

 

     

 

 

  

Accumulated other comprehensive loss

    $ (1,778 )     $ (2,203 )