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.