Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2017

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


	September 30, 2017			December 31, 2016
	(in thousands)
Net unrealized loss on available for sale securities	$	(3,459	)	$	(8,870	)
Tax effect		1,455			3,729

Unrealized holding loss on available for sale securities, net of tax		(2,004	)		(5,141	)

Unfunded status of the supplemental retirement plans		(4,431	)		(4,714	)
Tax effect		1,863			1,982

Unfunded status of the supplemental retirement plans, net of tax		(2,568	)		(2,732	)

Joint beneficiary agreement liability		(40	)		(40	)
Tax effect		—			—

Joint beneficiary agreement liability, net of tax		(40	)		(40	)

Accumulated other comprehensive loss	$	(4,612	)	$	(7,913	)

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)	2017			2016			2017			2016
Unrealized holding gains (losses) on available for sale securities before reclassifications	$	674		$	(2,058	)	$	6,372		$	11,240
Amounts reclassified out of accumulated other comprehensive income		(961	)		—			(961	)		—

Unrealized holding (losses) gains on available for sale securities after reclassifications		(287	)		(2,058	)		5,411			11,240
Tax effect		121			865			(2,274	)		(4,726	)

Unrealized holding (losses) gains on available for sale securities, net of tax		(166	)		(1,193	)		3,137		$	6,514

Change in unfunded status of the supplemental retirement plans before reclassifications		—			—			—			—
Amounts reclassified out of accumulated other comprehensive income:
Amortization of prior service cost		(1	)		(10	)		(5	)		(30	)
Amortization of actuarial losses		96			138			288			413

Total amounts reclassified out of accumulated other comprehensive income		95			128			283			383

Change in unfunded status of the supplemental retirement plans after reclassifications		95			128			283			383
Tax effect		(40	)		(54	)		(119	)		(161	)

Change in unfunded status of the supplemental retirement plans, net of tax		55			74			164			222

Change in joint beneficiary agreement liability before reclassifications		—			(1	)		—			(5	)
Amounts reclassified out of accumulated other comprehensive income		—			—			—			—

Change in joint beneficiary agreement liability after reclassifications		—			(1	)		—			(5	)
Tax effect		—			—			—			—

Change in joint beneficiary agreement liability, net of tax		—			(1	)		—			(5	)

Total other comprehensive (loss) income	$	(111	)	$	(1,120	)	$	3,301		$	6,731