Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2018

Equity [Abstract]

Components of Accumulated Other Comprehensive Loss

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

	September 30,			December 31,
(in thousands)	2018			2017
Net unrealized loss on available for sale securities	$	(33,051	)		(3,409	)
Tax effect		9,771			1,433
Unrealized holding loss on available for sale securities, net of tax		(23,280	)		(1,976	)
Unfunded status of the supplemental retirement plans		(5,010	)		(5,352	)
Tax effect		1,481			2,250
Unfunded status of the supplemental retirement plans, net of tax		(3,529	)		(3,102	)
Joint beneficiary agreement liability		(150	)		(150	)
Tax effect		—			—
Joint beneficiary agreement liability, net of tax		(150	)		(150	)
Accumulated other comprehensive loss	$	(26,959	)	$	(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 September 30,						Nine months ended September 30,
(in thousands)	2018			2017			2018			2017
Unrealized holding gains (losses) on available for sale securities before reclassifications	$	(8,193	)	$	674		$	(29,134	)	$	6,372
Amounts reclassified out of accumulated other comprehensive income:
Realized gains on debt securities		(207	)		(961	)		(207	)		(961	)
Adoption ASU 2016-01		—			—			62			—
Adoption ASU 2018-02		—			—			(425	)		—
Total amounts reclassified out of accumulated other comprehensive income		(207	)		(961	)		(570	)		(961	)
Unrealized holding gains (losses) on available for sale securities after reclassifications		(8,400	)		(287	)		(29,704	)		5,411
Tax effect		2,483			121			8,763			(2,274	)
Unrealized holding gains (losses) on available for sale securities, net of tax		(5,917	)		(166	)		(20,941	)		3,137
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	)		(40	)		(5	)
Amortization of actuarial losses		128			96			382			288
Adoption ASU 2018-02		—			—			(668	)		—
Total amounts reclassified out of accumulated other comprehensive income		115			95			(326	)		283
Change in unfunded status of the supplemental retirement plans after reclassifications		115			95			342			283
Tax effect		(34	)		(40	)		(101	)		(119	)
Change in unfunded status of the supplemental retirement plans, net of tax		81			55			241			164
Total other comprehensive income (loss)	$	(5,836	)	$	(111	)	$	(20,700	)	$	3,301