Other Comprehensive Income (Loss)
 9 Months Ended
Sep. 30, 2016
Stockholders' Equity Note [Abstract]  
Other Comprehensive Income (Loss)
9. Other Comprehensive Income (Loss)
                   
The following tables present reclassifications out of the accumulated other comprehensive (loss) income for the three and nine month periods ended September 30, 2016 and 2015.
                   
    Three Months Ended September 30, 2016  
(in thousands)   Before-Tax
Amount		     Tax (Expense)
Benefit		     Net of Tax  
Available-for-sale securities:                        
Change in net unrealized gain/loss during the period   $ (5,554 )   $ 2,221     $ (3,333 )
Reclassification adjustment for net realized gain on sale of available-for-sale securities included in net income     (455 )     182       (273 )
Net unrealized losses     (6,009 )     2,403       (3,606 )
                         
Employee benefit plans:                        
Amortization of net retirement plan actuarial gain (loss)     335       (134 )     201  
Amortization of net retirement plan prior service cost     20       (8 )     12  
Employee benefit plans     355       (142 )     213  
Other comprehensive loss   $ (5,654 )   $ 2,261     $ (3,393 )

 

    Three Months Ended September 30, 2015  
(in thousands)   Before-Tax
Amount		     Tax (Expense)
Benefit		     Net of Tax  
Available-for-sale securities:                        
Change in net unrealized gain/loss during the period   $ 9,193     $ (3,678 )   $ 5,515  
Reclassification adjustment for net realized gain on sale of available-for-sale securities included in net income     (92 )     37       (55 )
Net unrealized gains     9,101       (3,641 )     5,460  
                         
Employee benefit plans:                        
Amortization of net retirement plan actuarial gain     201       (79 )     122  
Amortization of net retirement plan prior service cost     20       (9 )     11  
Employee benefit plans     221       (88 )     133  
Other comprehensive income   $ 9,322     $ (3,729 )   $ 5,593  

                   
    Nine Months Ended September 30, 2016  
(in thousands)   Before-Tax
Amount		     Tax (Expense)
Benefit		     Net of Tax  
Available-for-sale securities:                        
Change in net unrealized gain/loss during the period   $ 23,763     $ (9,503 )   $ 14,260  
Reclassification adjustment for net realized gain on sale of available-for-sale securities included in net income     (926 )     370       (556 )
Net unrealized gains     22,837       (9,133 )     13,704  
                         
Employee benefit plans:                        
Amortization of net retirement plan actuarial loss     1,004       (402 )     602  
Amortization of net retirement plan prior service cost     58       (23 )     35  
Employee benefit plans     1,062       (425 )     637  
Other comprehensive income   $ 23,899     $ (9,558 )   $ 14,341  

 

    Nine Months Ended September 30, 2015  
(in thousands)   Before-Tax
Amount		     Tax (Expense)
Benefit		     Net of Tax  
Available-for-sale securities:                        
Change in net unrealized gain/loss during the period   $ 6,472     $ (2,589 )   $ 3,883  
Reclassification adjustment for net realized gain on sale of available-for-sale securities included in net income     (1,105 )     442       (663 )
Net unrealized  gains     5,367       (2,147 )     3,220  
                         
Employee benefit plans:                        
Recognized actuarial gain due to curtailment     (5,326 )     2,130       (3,196 )
Net retirement plan gain     1,950       (780 )     1,170  
Amortization of net retirement plan actuarial gain     1,663       (664 )     999  
Amortization of net retirement plan prior service credit     (351 )     141       (210 )
Employee benefit plans     (2,064 )     827       (1,237 )
                         
Other comprehensive income   $ 3,303     $ (1,320 )   $ 1,983  

  

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

 

(in thousands)   Available-for-
Sale Securities		     Employee
Benefit Plans		     Accumulated
Other
Comprehensive
(Loss) Income		  
Balance at July 1, 2016   $ 14,566     $ (27,833 )   $ (13,267 )
Other comprehensive income before reclassifications     (3,333 )     0       (3,333 )
Amounts reclassified from accumulated other comprehensive (loss) income     (273 )     213       (60 )
Net current-period other comprehensive income     (3,606 )     213       (3,393 )
Balance at September 30, 2016   $ 10,960     $ (27,620 )   $ (16,660 )
                         
Balance at January 1, 2016   $ (2,744 )   $ (28,257 )   $ (31,001 )
Other comprehensive income before reclassifications     14,260       0       14,260  
Amounts reclassified from accumulated other comprehensive (loss) income     (556 )     637       81  
Net current-period other comprehensive income     13,704       637       14,341  
Balance at September 30, 2016   $ 10,960     $ (27,620 )   $ (16,660 )

  

(in thousands)   Available-for-
Sale Securities		     Employee
Benefit Plans		     Accumulated
Other
Comprehensive
(Loss) Income		  
Balance at July 1, 2015   $ 627     $ (28,248 )   $ (27,621 )
Other comprehensive loss before reclassifications     5,515       0       5,515  
Amounts reclassified from accumulated other comprehensive loss     (55 )     133       78  
Net current-period other comprehensive loss     5,460       133       5,593  
Balance at September 30, 2015   $ 6,087     $ (28,115 )   $ (22,028 )
                         
Balance at January 1, 2015   $ 2,867     $ (26,878 )   $ (24,011 )
Other comprehensive loss before reclassifications     3,883       0       3,883  
Amounts reclassified from accumulated other comprehensive loss     (663 )     (1,237 )     (1,900 )
Net current-period other comprehensive loss     3,220       (1,237 )     1,983  
Balance at September 30, 2015   $ 6,087     $ (28,115 )   $ (22,028 )

 

The following tables present the amounts reclassified out of each component of accumulated other comprehensive (loss) income for the three and nine months ended September 30, 2016 and 2015.

  

Three months ended September 30, 2016          
Details about Accumulated other Comprehensive Income
Components (in thousands)		   Amount
Reclassified from
Accumulated
Other
Comprehensive
(Loss) 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   $ 455     Net gain on securities transactions
      (182 )   Tax expense
      273     Net of tax
Employee benefit plans:            
Amortization of the following 2             
Net retirement plan actuarial gain     (335 )   Pension and other employee benefits
Net retirement plan prior service cost     (20 )   Pension and other employee benefits
      (355 )   Total before tax
      142     Tax benefit
      (213 )   Net of tax

  

Nine months ended September 30, 2016

             
  Amount
Reclassified from
Accumulated
Other
Comprehensive
(Loss) Income1 		   Affected Line Item in the
Statement Where Net Income is
Presented
  Details about Accumulated other Comprehensive Income Components (in thousands)  
  Available-for-sale securities:         
  Unrealized gains and losses on available-for-sale securities $ 926    Net gain on securities transactions
       (370)   Tax expense
       556    Net of tax
  Employee benefit plans:         
  Amortization of the following 2          
    Net retirement plan actuarial gain   (1,004)   Pension and other employee benefits
    Net retirement plan prior service credit   (58)   Pension and other employee benefits
       (1,062)   Total before tax
       425    Tax benefit
       (637)   Net of tax

 

Three months ended September 30, 2015

 

  Amount
Reclassified from
Accumulated
Other
Comprehensive
Income1 		   Affected Line Item in the
Statement Where Net Income is
Presented
  Details about Accumulated other Comprehensive Income Components (in thousands)  
  Available-for-sale securities:         
  Unrealized gains and losses on available-for-sale securities $ 92    Net gain on securities transactions
       (37)   Tax expense
       55    Net of tax
  Employee benefit plans:         
  Amortization of the following 2          
    Net retirement plan actuarial loss   (201)   Pension and other employee benefits
    Net retirement plan prior service credit   (20)   Pension and other employee benefits
       (221)   Total before tax
       88    Tax benefit
       (133)   Net of tax

 

Nine months ended September 30, 2015

 

  Amount
Reclassified from
Accumulated
Other
Comprehensive
(Loss) Income1 		   Affected Line Item in the
Statement Where Net Income is
Presented
   Details about Accumulated other Comprehensive Income Components (in thousands)  
   Available-for-sale securities:         
   Unrealized gains and losses on available-for-sale securities $ 1,105    Net gain on securities transactions
        (442)   Tax expense
        663    Net of tax
   Employee benefit plans:         
   Amortization of the following 2          
     Net retirement plan actuarial loss   (1,663)   Pension and other employee benefits
     Net retirement plan prior service cost   351    Pension and other employee benefits
        (1,312)   Total before tax
        523    Tax benefit
        (789)   Net of tax

 

1 Amounts in parentheses indicated debits in income statement.

2 The accumulated other comprehensive (loss) income components are included in the computation of net periodic benefit cost (See Note 10 - “Employee Benefit Plan”).