Other Comprehensive Income (Tables)
 12 Months Ended
Dec. 31, 2014
Equity [Abstract]  
Schedule of reclassifications out of the accumulated other comprehensive income
The tax effect allocated to each component of other comprehensive income (loss) were as follows:

 

December 31, 2014

Available-for-sale securities:  Before-Tax Amount  Tax (Expense) Benefit  Net of Tax
(in thousands)         
Change in net unrealized gain during the period  $19,094   $(7,635)  $11,459 
Reclassification adjustment for net realized gain on sale included in available-for-sale securities   (391)   156    (235)
Net unrealized gains   18,703    (7,479)   11,224 
                
Employee benefit plans:               
Net retirement plan loss   (24,211)   9,684    (14,527)
Net retirement plan prior service credit   6,282    (2,513)   3,769 
Amortization of net retirement plan actuarial loss   1,065    (426)   639 
Amortization of net retirement plan prior service credit   5    (2)   3 
Employee benefit plans   (16,859)   6,743    (10,116)
                
Other comprehensive income  $1,844   $(736)  $1,108 

 

December 31, 2013  Before-Tax Amount  Tax (Expense) Benefit  Net of Tax
          
Available-for-sale securities:         
(in thousands)         
Change in net unrealized loss during the period  $(57,250)  $22,896   $(34,354)
Reclassification adjustment for net realized gain on sale included in available-for-sale securities   (599)   240    (359)
 Net unrealized losses   (57,849)   23,136    (34,713)
                
Employee benefit plans:               
 Net retirement plan gain   16,813    (6,725)   10,088 
 Amortization of net retirement plan actuarial loss   2,579    (1,032)   1,547 
 Amortization of net retirement plan prior service credit   59    (24)   35 
 Amortization of net retirement plan transition liability   50    (20)   30 
Employee benefit plans   19,501    (7,801)   11,700 
Other comprehensive loss  $(38,348)  $15,335   $(23,013)

 

December 31, 2012 

(in thousands)  Before-Tax Amount  Tax (Expense) Benefit  Net of Tax
Available-for-sale securities:         
Change in net unrealized gain during the period  $5,359   $(2,145)  $3,214 
Reclassification adjustment for net realized gain on sale included in available-for-sale securities   (324)   130    (194)
Reclassification adjustment for credit impairment on available-for-sale securities   196    (78)   118 
Net unrealized gains   5,231    (2,093)   3,138 
                
Employee benefit plans:               
Net retirement plan loss   (5,061)   2,024    (3,037)
Amortization of net retirement plan actuarial gain   2,324    (929)   1,395 
Amortization of net retirement plan prior service credit   59    (24)   35 
Amortization of net retirement plan transition liability   67    (27)   40 
Employee benefit plans   (2,611)   1,044    (1,567)
                
Other comprehensive income  $2,620   $(1,049)  $1,571 

 
Schedule of activity in accumulated other comprehensive income

The following table presents the activity in our accumulated other comprehensive income for the periods indicated:

 

(in thousands)  Available-for-Sale Securities  Employee Benefit Plans  Accumulated Other Comprehensive Income (loss)
Balance at January 1, 2012   23,218    (26,895)   (3,677)
Other comprehensive income (loss)   3,138    (1,567)   1,571 
Balance at December 31, 2012   26,356   $(28,462)  $(2,106)
Balance at January 1, 2013   26,356    (28,462)   (2,106)
Other comprehensive income (loss)   (34,713)   11,700    (23,013)
Balance at December 31, 2013   (8,357)  $(16,762)  $(25,119)
Balance at January 1, 2014   (8,357)   (16,762)   (25,119)
Other comprehensive income (loss)   11,224    (10,116)   1,108 
Balance at December 31, 2014   2,867   $(26,878)  $(24,011)

 

December 31, 2014

Details about Accumulated other Comprehensive Income Components
(in thousands)		  Amount Reclassified from Accumulated Other Comprehensive Income 1  Affected Line Item in the Statement Where Net Income is Presented
Available-for-sale securities:      
Unrealized gains and losses on available-for-sale securities  $391   Net gain on securities transactions
    (156)  Tax expense
    235   Net of tax
Employee benefit plans:        
Amortization of the following 2         
Net retirement plan actuarial loss   (1,065)   
Net retirement plan prior service credit   (5)   
    (1,070)  Total before tax
    428   Tax benefit
    (642)  Net of tax

 

December 31, 2013

Details about Accumulated other Comprehensive Income Components
(in thousands)		  Amount Reclassified from Accumulated Other Comprehensive Income1  Affected Line Item in the Statement Where Net Income is Presented
Available-for-sale securities:      
Unrealized gains and losses on available-for-sale securities  $599   Net gain on securities transactions
    (240)  Tax expense
    359   Net of tax
Employee benefit plans:        
Amortization of the following 2         
Net retirement plan actuarial loss   (2,579)   
Net retirement plan prior service credit   (59)   
Net retirement plan transition liability   (50)   
    (2,688)  Total before tax
    1,075   Tax benefit
    (1,613)  Net of tax

 

1 Amounts in parentheses indicate debits in income statement
2 The accumulated other comprehensive income components are included in the computation of net periodic benefit cost (See Note 12 - “Employee Benefit Plans”)