Note 12: Accumulated Other Comprehensive Income (Loss)

Changes in the components of accumulated other comprehensive income (loss) (“AOCI”), net of tax, for the periods indicated are summarized in the table below.

	For the three months ended June 30, 2017
(In thousands)	Retirement Plans			Unrealized Gains and Losses on Financial Derivative		Unrealized Gains and Losses on Available- for-Sale Securities			Unrealized Loss on Securities Transferred to Held-to-Maturity			Total
Beginning balance	$	(1,490	)	$	-	$	(1,275	)	$	(442	)	$	(3,207	)
Other comprehensive income before reclassifications		-			-		832			13			845
Amounts reclassified from AOCI		22			-		(80	)		-			(58	)
Ending balance	$	(1,468	)	$	-	$	(523	)	$	(429	)	$	(2,420	)

	For the three months ended June 30, 2016
(In thousands)	Retirement Plans			Unrealized Gains and Losses on Financial derivative			Unrealized Gains and Losses on Available- for-Sale Securities		Unrealized Loss on Securities Transferred to Held-to-Maturity			Total
Beginning balance	$	(1,812	)	$	(8	)	$	322	$	(633	)	$	(2,131	)
Other comprehensive income before reclassifications		-			1			4		21			26
Amounts reclassified from AOCI		33			7			80		-			120
Ending balance	$	(1,779	)	$	-		$	406	$	(612	)	$	(1,985	)

	For the six months ended June 30, 2017
(In thousands)	Retirement Plans			Unrealized Gains and Losses on Financial derivative		Unrealized Gains and Losses on Available- for-Sale Securities			Unrealized Loss on Securities Transferred to Held-to-Maturity			Total
Beginning balance	$	(1,513	)	$	-	$	(1,845	)	$	(464	)	$	(3,822	)
Other comprehensive income before reclassifications		-			-		1,445			35			1,480
Amounts reclassified from AOCI		45			-		(123	)		-			(78	)
Ending balance	$	(1,468	)	$	-	$	(523	)	$	(429	)	$	(2,420	)

	For the six months ended June 30, 2016
(In thousands)	Retirement Plans			Unrealized Gains and Losses on Financial derivative			Unrealized Gains and Losses on Available- for-Sale Securities			Securities reclassified from AFS to HTM			Total
Beginning balance	$	(1,844	)	$	(16	)	$	(51	)	$	(654	)		(2,565	)
Other comprehensive income before reclassifications		-			1			329			42			372
Amounts reclassified from AOCI		65			15			128			-			208
Ending balance	$	(1,779	)	$	-		$	406		$	(612	)	$	(1,985	)

The following table presents the amounts reclassified out of each component of AOCI for the indicated period:

	Amount Reclassified							Amount Reclassified
	from AOCI¹							from AOCI¹
	(Unaudited)							(Unaudited)
(In thousands)	For the three months ended							For the six months ended
Details about AOCI¹ components	June 30, 2017			June 30, 2016			Affected Line Item in the Statement of Income	June 30, 2017			June 30, 2016
Unrealized holding gain on financial derivative:
Reclassification adjustment for interest expense included in net income	$	-		$	(11	)	Interest on long term borrowings	$	-		$	(25	)
		-			4		Provision for income taxes		-			10
	$	-		$	(7	)	Net Income	$	-		$	(15	)
Retirement plan items
Retirement plan net losses recognized in plan expenses²	$	(37	)	$	(54	)	Salaries and employee benefits	$	(73	)	$	(109	)
		15			21		Provision for income taxes		28			44
	$	(22	)	$	(33	)	Net Income	$	(45	)	$	(65	)

Available-for-sale securities
Realized gain on sale of securities	$	135		$	(132	)	Net gains on sales and redemptions of investment securities	$	206		$	(212	)
		(55	)		52		Provision for income taxes		(83	)		84
	$	80		$	(80	)	Net Income	$	123		$	(128	)

1 Amounts in parentheses indicates debits in net income.

2 These items are included in net periodic pension cost.

See Note 5 for additional information.