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Accumulated Other Comprehensive Income (''AOCI'')
12 Months Ended
Dec. 31, 2015
Accumulated Other Comprehensive Income ("AOCI")  
Accumulated Other Comprehensive Income ("AOCI")

 

2) Accumulated Other Comprehensive Income ("AOCI")

        The following table reflects the changes in AOCI by component for the periods indicated:

                                                                                                                                                                                    

 

 

For the Years Ended December 31, 2015, 2014, and 2013

 

 

 

Unrealized
Gains (Losses) on
Available-
for-Sale
Securities
and I/O
Strips

 

Unamortized
Unrealized
Gain on
Available-
for-Sale
Securities
Reclassified
to Held-to-
Maturity

 

Defined
Benefit
Pension
Plan
Items

 

Total

 

 

 

(Dollars in thousands)

 

Beginning balance January 1, 2015, net of taxes

 

$

3,666

 

$

435

 

$

(5,952

)

$

(1,851

)

Other comprehensive (loss) before reclassification, net of taxes

 

 

(2,204

)

 

 

 

(1,919

)

 

(4,123

)

Amounts reclassified from other comprehensive income (loss), net of taxes

 

 

(372

)

 

(32

)

 

158

 

 

(246

)

​  

​  

​  

​  

​  

​  

​  

​  

Net current period other comprehensive income (loss), net of taxes                    

 

 

(2,576

)

 

(32

)

 

(1,761

)

 

(4,369

)

​  

​  

​  

​  

​  

​  

​  

​  

Ending balance December 31, 2015, net of taxes

 

$

1,090

 

$

403

 

$

(7,713

)

$

(6,220

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Beginning balance January 1, 2014, net of taxes

 


$

(430


)


$

466

 


$

(4,065


)


$

(4,029


)

Other comprehensive (loss) before reclassification, net of taxes

 

 

4,152

 

 

 

 

(1,910

)

 

2,242

 

Amounts reclassified from other comprehensive income (loss), net of taxes

 

 

(56

)

 

(31

)

 

23

 

 

(64

)

​  

​  

​  

​  

​  

​  

​  

​  

Net current period other comprehensive income (loss), net of taxes                    

 

 

4,096

 

 

(31

)

 

(1,887

)

 

2,178

 

​  

​  

​  

​  

​  

​  

​  

​  

Ending balance December 31, 2014, net of taxes

 

$

3,666

 

$

435

 

$

(5,952

)

$

(1,851

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Beginning balance January 1, 2013, net of taxes

 


$

7,887

 


$

497

 


$

(5,703


)


$

2,681

 

Other comprehensive (loss) before reclassification, net of taxes

 

 

(8,295

)

 

 

 

1,518

 

 

(6,777

)

Amounts reclassified from other comprehensive income (loss), net of taxes

 

 

(22

)

 

(31

)

 

120

 

 

67

 

​  

​  

​  

​  

​  

​  

​  

​  

Net current period other comprehensive income (loss), net of taxes                    

 

 

(8,317

)

 

(31

)

 

1,638

 

 

(6,710

)

​  

​  

​  

​  

​  

​  

​  

​  

Ending balance December 31, 2013, net of taxes

 

$

(430

)

$

466

 

$

(4,065

)

$

(4,029

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

                                                                                                                                                                                    

 

 

Amounts Reclassified from
AOCI
For the Year Ended
December 31,

 

 

 

 

Affected Line Item Where
Net Income is Presented

Details About AOCI Components

 

2015

 

2014

 

2013

 

 

(Dollars in thousands)

 

 

Unrealized gains on available-for-sale securities and I/O strips

 

$

642

 

$

97

 

$

38

 

Realized gains on sale of securities

 

 

 

(270

)

 

(41

)

 

(16

)

Income tax expense

​  

​  

​  

​  

​  

​  

 

 

 

372

 

 

56

 

 

22

 

Net of tax

​  

​  

​  

​  

​  

​  

Amortization of unrealized gain on securities available-for-sale that were reclassified to securities held-to-maturity

 

 

55

 

 

54

 

 

54

 

Interest income on taxable securities

 

 

 

(23

)

 

(23

)

 

(23

)

Income tax (expense) benefit

​  

​  

​  

​  

​  

​  

 

 

 

32

 

 

31

 

 

31

 

Net of tax

​  

​  

​  

​  

​  

​  

Amortization of defined benefit pension plan items(1)

 

 

 

 

 

 

 

 

 

 

 

Prior transition obligation

 

 

113

 

 

102

 

 

84

 

 

Actuarial losses

 

 

(386

)

 

(142

)

 

(291

)

 

​  

​  

​  

​  

​  

​  

 

 

 

(273

)

 

(40

)

 

(207

)

Income before income tax

 

 

 

115

 

 

17

 

 

87

 

Income tax benefit

​  

​  

​  

​  

​  

​  

 

 

 

(158

)

 

(23

)

 

(120

)

Net of tax

​  

​  

​  

​  

​  

​  

Total reclassification for the year

 

$

246

 

$

64

 

$

(67

)

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  


 

(1)This AOCI component is included in the computation of net periodic benefit cost (see Note 14 — Benefit Plans).