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Comprehensive Income (Tables)
 3 Months Ended
Mar. 31, 2018
Equity [Abstract]  
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 March 31,  
(in thousands)    2018      2017  

Unrealized holding gains (losses) on available for sale securities before reclassifications

    $ (15,265 )     $ 787  

Amounts reclassified out of accumulated other comprehensive income:

      

Adoption ASU 2016-01

      62        —    

Adoption ASU 2018-02

      (425 )       —    
  

 

 

     

 

 

  

Total amounts reclassified out of accumulated other comprehensive income

      (363 )       —    
  

 

 

     

 

 

  

Unrealized holding gains (losses) on available for sale securities after reclassifications

      (15,628 )       787  

Tax effect

      4,602        (330 ) 
  

 

 

     

 

 

  

Unrealized holding gains (losses) on available for sale securities, net of tax

      (11,026 )       457  
  

 

 

     

 

 

  

Change in unfunded status of the supplemental retirement plans before reclassifications

      667        —    

Amounts reclassified out of accumulated other comprehensive income:

      

Amortization of prior service cost

      (13 )       (3 ) 

Amortization of actuarial losses

      127        96  

Adoption ASU 2018-02

      (668 )       —    
  

 

 

     

 

 

  

Total amounts reclassified out of accumulated other comprehensive income

      (554 )       93  
  

 

 

     

 

 

  

Change in unfunded status of the supplemental retirement plans after reclassifications

      113        93  

Tax effect

      (33 )       (39 ) 
  

 

 

     

 

 

  

Change in unfunded status of the supplemental retirement plans, net of tax

      80        54  
  

 

 

     

 

 

  

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)

    $ (10,946 )     $ 511  
  

 

 

     

 

 

  
Components of Accumulated Other Comprehensive Income

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

 

     Three months ended March 31,  
(in thousands)    2018      2017  

Net unrealized loss on available for sale securities

    $ (18,975 )     $ (8,083 ) 

Tax effect

      5,610        3,399  
  

 

 

     

 

 

  

Unrealized holding loss on available for sale securities, net of tax

      (13,365 )       (4,684 ) 
  

 

 

     

 

 

  

Unfunded status of the supplemental retirement plans

      (5,238 )       (4,621 ) 

Tax effect

      1,549        1,943  
  

 

 

     

 

 

  

Unfunded status of the supplemental retirement plans, net of tax

      (3,689 )       (2,678 ) 
  

 

 

     

 

 

  

Joint beneficiary agreement liability

      (151 )       (40 ) 

Tax effect

      —          —    
  

 

 

     

 

 

  

Joint beneficiary agreement liability, net of tax

      (151 )       (40 ) 
  

 

 

     

 

 

  

Accumulated other comprehensive loss

    $ (17,205 )     $ (7,402 )