XML 25 R15.htm IDEA: XBRL DOCUMENT v3.5.0.2
Comprehensive Income
6 Months Ended
Jun. 30, 2016
Equity [Abstract]  
Comprehensive Income

NOTE 8. COMPREHENSIVE INCOME

The activity in accumulated other comprehensive income for the six months ended June 30, 2016 and 2015 is as follows:

 

     Accumulated Other Comprehensive Income/(Loss) (1)  
                 Unrealized Gains        
     Defined     Unrealized     on Securities        
     Benefit     Gains (Losses)     Transferred from        
     Pension     on Securities     Available-for-Sale        

(unaudited, in thousands)

   Plan     Available-for-Sale     to Held-to-Maturity     Total  

Balance at December 31, 2015

   $ (17,539   $ (4,162   $ 747      $ (20,954
  

 

 

   

 

 

   

 

 

   

 

 

 

Other comprehensive income before reclassifications

     —          18,100        —          18,100   

Amounts reclassified from accumulated other comprehensive income

     921        (1,061     (103     (243
  

 

 

   

 

 

   

 

 

   

 

 

 

Period change

     921        17,039        (103     17,857   
  

 

 

   

 

 

   

 

 

   

 

 

 

Balance at June 30, 2016

   $ (16,618   $ 12,877      $ 644      $ (3,097
  

 

 

   

 

 

   

 

 

   

 

 

 
        

Balance at December 31, 2014

   $ (22,776   $ 2,892      $ 1,059      $ (18,825
  

 

 

   

 

 

   

 

 

   

 

 

 

Other comprehensive income before reclassifications

     —          (3,711     —          (3,711

Amounts reclassified from accumulated other comprehensive income

     981        (13     (134     834   
  

 

 

   

 

 

   

 

 

   

 

 

 

Period change

     981        (3,724     (134     (2,877
  

 

 

   

 

 

   

 

 

   

 

 

 

Balance at June 30, 2015

   $ (21,795   $ (832   $ 925      $ (21,702
  

 

 

   

 

 

   

 

 

   

 

 

 

 

(1)  All amounts are net of tax. Related income tax expense or benefit is calculated using a combined Federal and State income tax rate approximating 37%.

The following table provides details about amounts reclassified from accumulated other comprehensive income for the three and six months ended June 30, 2016 and 2015:

 

Details about Accumulated Other Comprehensive Income
Components

   For the Three
Months Ended
June 30,
    For the Six
Months Ended
June 30,
   

Affected Line Item in the Statement of Net Income

(unaudited, in thousands)    2016     2015     2016     2015      

Securities available-for-sale (1):

          

Net securities gains reclassified into earnings

   $ (618   $ (2   $ (1,672   $ (20   Net securities gains (Non-interest income)

Related income tax expense

     226        1        611        7      Provision for income taxes
  

 

 

   

 

 

   

 

 

   

 

 

   

Net effect on accumulated other comprehensive income for the period

     (392     (1     (1,061     (13  
  

 

 

   

 

 

   

 

 

   

 

 

   

Securities held-to-maturity (1):

          

Amortization of unrealized gain transferred from available-for-sale

     (84     (107     (165     (214   Interest and dividends on securities (Interest and dividend income)

Related income tax expense

     31        39        62        80      Provision for income taxes
  

 

 

   

 

 

   

 

 

   

 

 

   

Net effect on accumulated other comprehensive income for the period

     (53     (68     (103     (134  
  

 

 

   

 

 

   

 

 

   

 

 

   

Defined benefit pension plan (2):

          

Amortization of net loss and prior service costs

     815        799        1,514        1,589      Employee benefits (Non-interest expense)

Related income tax benefit

     (298     (293     (593     (608   Provision for income taxes
  

 

 

   

 

 

   

 

 

   

 

 

   

Net effect on accumulated other comprehensive income for the period

     517        506        921        981     
  

 

 

   

 

 

   

 

 

   

 

 

   

Total reclassifications for the period

   $ 72      $ 437      $ (243   $ 834     
  

 

 

   

 

 

   

 

 

   

 

 

   

 

(1) For additional detail related to unrealized gains on securities and related amounts reclassified from accumulated other comprehensive income see Note 4, “Securities.”
(2) Included in the computation of net periodic pension cost. See Note 6, “Pension Plan” for additional detail.