Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2015

Equity [Abstract]

Components of Accumulated Other Comprehensive Income

The components of accumulated other comprehensive income, included in shareholders’ equity, are as follows:

	September 30, 2015			December 31, 2014
	(in thousands)
Net unrealized (losses) gains on available for sale securities	$	3,300		$	4,040
Tax effect		(1,388	)		(1,699	)
Unrealized holding gains on available for sale securities, net of tax		1,912			2,341
Unfunded status of the supplemental retirement plans		(7,309	)		(7,885	)
Tax effect		3,073			3,315
Unfunded status of the supplemental retirement plans, net of tax		(4,236	)		(4,570	)
Joint beneficiary agreement liability		26			26
Tax effect		—			—
Joint beneficiary agreement liability, net of tax		26			26
Accumulated other comprehensive loss	$	(2,298	)	$	(2,203	)

Components of Other Comprehensive Income and Related Tax Effects

The components of other comprehensive income and related tax effects are as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
(in thousands)	2015			2014			2015			2014
Unrealized holding gains (losses) on available for sale securities before reclassifications	$	3,997		$	(686	)	$	(740	)	$	(133	)
Amounts reclassified out of accumulated other comprehensive income		—			—			—			—
Unrealized holding gains (losses) on available for sale securities after reclassifications		3,997			(686	)		(740	)		(133	)
Tax effect		(1,681	)		288			311			56
Unrealized holding gains (losses) on available for sale securities, net of tax		2,316		$	(398	)	$	(429	)	$	(77	)
Change in unfunded status of the supplemental retirement plans before reclassifications		—			—			—			—
Amounts reclassified out of accumulated other comprehensive income:
Amortization of prior service cost		(14	)		5			(42	)		15
Amortization of actuarial losses		206			4			618			12
Total amounts reclassified out of accumulated other comprehensive income		192			9			576			27
Change in unfunded status of the supplemental retirement plans after reclassifications		192			9			576			27
Tax effect		(80	)		(3	)		(242	)		(11	)
Change in unfunded status of the supplemental retirement plans, net of tax		112			6			334			16
Change in joint beneficiary agreement liability before reclassifications		—			—			—			—
Amounts reclassified out of accumulated other comprehensive income		—			—			—			—
Change in joint beneficiary agreement liability after reclassifications		—			—			—			—
Tax effect		—			—			—			—
Change in joint beneficiary agreement liability, net of tax		—			—
Total other comprehensive income (loss)	$	2,428		$	(392	)	$	(95	)	$	(61	)