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Comprehensive Income (Tables)
 3 Months Ended
Mar. 31, 2019
Equity [Abstract]  
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 March 31,
 
(in thousands)
 
2019
 
 
2018
 
Unrealized holding gains (losses) on available for sale securities before reclassifications
 
 
12,710
 
 
$
(15,265
)
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
 
 
12,710
 
 
 
(15,628
)
Tax effect
 
 
(3,758
)
 
 
4,602
 
Unrealized holding gains (losses) on available for sale securities, net of tax
 
 
8,952
 
 
 
(11,026
)
Change in unfunded status of the supplemental retirement plans before reclassifications
 
 
(89
)
 
 
667
 
Amounts reclassified out of accumulated other comprehensive income:
 
 
 
 
 
 
 
 
Amortization of prior service cost
 
 
(13
)
 
 
(13
)
Amortization of actuarial losses
 
 
102
 
 
 
127
 
Adoption ASU 2018-02
 
 
—
 
 
 
(668
)
Total amounts reclassified out of accumulated other comprehensive income
 
 
89
 
 
 
(554
)
Change in unfunded status of the supplemental retirement plans after reclassifications
 
 
—
 
 
 
113
 
Tax effect
 
 
—
 
 
 
(33
)
Change in unfunded status of the supplemental retirement plans, net of tax
 
 
—
 
 
 
80
 
Total other comprehensive income (loss)
 
$
8,952
 
 
$
(10,946
)
Components of Accumulated Other Comprehensive Loss
The components of accumulated other comprehensive loss, included in shareholders’ equity, are as follows:
 
(in thousands)
 
March 31,
2019
 
 
December 31,
2018
 
Net unrealized loss on available for sale securities
 
$
(8,264
)
 
$
(20,974
)
Tax effect
 
 
2,443
 
 
 
6,201
 
Unrealized holding loss on available for sale securities, net of tax
 
 
(5,821
)
 
 
(14,773
)
Unfunded status of the supplemental retirement plans
 
 
(4,802
)
 
 
(4,802
)
Tax effect
 
 
1,420
 
 
 
1,420
 
Unfunded status of the supplemental retirement plans, net of tax
 
 
(3,382
)
 
 
(3,382
)
Joint beneficiary agreement liability
 
 
276
 
 
 
276
 
Tax effect
 
 
—
 
 
 
—
 
Joint beneficiary agreement liability, net of tax
 
 
276
 
 
 
276
 
Accumulated other comprehensive loss
 
$
(8,927
)
 
$
(17,879
)