Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2018

Equity [Abstract]

Components of Accumulated Other Comprehensive Loss

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

(in thousands)	June 30, 2018			December 31, 2017
Net unrealized loss on available for sale securities	$	(24,651	)		(3,409	)
Tax effect		7,288			1,433
Unrealized holding loss on available for sale securities, net of tax		(17,363	)		(1,976	)
Unfunded status of the supplemental retirement plans		(5,124	)		(5,352	)
Tax effect		1,514			2,250
Unfunded status of the supplemental retirement plans, net of tax		(3,610	)		(3,102	)
Joint beneficiary agreement liability		(150	)		(150	)
Tax effect		—
Joint beneficiary agreement liability, net of tax		(150	)		(150	)
Accumulated other comprehensive loss	$	(21,123	)	$	(5,228	)

Components of Other Comprehensive Income (Loss) and Related Tax Effects

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

	Three months ended June 30,						Six months ended June 30,
(in thousands)	2018			2017			2018			2017
Unrealized holding gains (losses) on available for sale securities before reclassifications	$	(5,676	)	$	4,911		$	(20,941	)	$	5,698
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		(5,676	)		4,911			(21,304	)		5,698
Tax effect		1,678			(2,065	)		6,280			(2,395	)
Unrealized holding gains (losses) on available for sale securities, net of tax		(3,998	)		2,846			(15,024	)		3,303
Change in unfunded status of the supplemental retirement plans before reclassifications		—			—			668			—
Amounts reclassified out of accumulated other comprehensive income:
Amortization of prior service cost		(13	)		(1	)		(27	)		(4	)
Amortization of actuarial losses		127			96			254			192
Adoption ASU 2018-02		—			—			(668	)		—
Total amounts reclassified out of accumulated other comprehensive income		114			95			(441	)		188
Change in unfunded status of the supplemental retirement plans after reclassifications		114			95			227			188
Tax effect		(34	)		(40	)		(67	)		(79	)
Change in unfunded status of the supplemental retirement plans, net of tax		80			55			160			109
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)	$	(3,918	)	$	2,901		$	(14,864	)	$	3,412