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Comprehensive Income
 6 Months Ended
Jun. 30, 2019
Equity [Abstract]  
Comprehensive Income
Note 13 – Comprehensive Income
Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on
available-for-sale
securities, are reported as a separate component of the equity section of the balance sheet, such items, along with net income, are components of other comprehensive income.
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)
 
2019
   
2018
   
2019
   
2018
 
Unrealized holding gains (losses) on available for sale securities before reclassifications
  $
9,553
    $
(5,676
 )   $
22,263
    $
(20,941
 )
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
   
9,553
     
(5,676
 )    
22,263
     
(21,304
 )
Tax effect
   
(2,824
 )    
1,678
     
(6,582
)    
6,280
 
                                 
Unrealized holding gains (losses) on available for sale securities, net of tax
   
6,729
     
(3,998
 )    
15,681
     
(15,024
 )
                                 
Change in unfunded status of the supplemental retirement plans before reclassifications
   
(89
 )    
—  
      
(177
 )    
668
 
Amounts reclassified out of accumulated other comprehensive income:
   
     
     
     
 
Amortization of prior service cost
   
(13
 )    
(13
 )    
(27
 )    
(27
 )
Amortization of actuarial losses
   
102
     
127
     
204
     
254
 
Adoption ASU
2018-02
   
—  
      
—  
      
—  
      
(668
 )
                                 
Total amounts reclassified out of accumulated other comprehensive income
   
89
     
114
     
177
     
(441
 )
                                 
Change in unfunded status of the supplemental retirement plans after reclassifications
   
—  
      
114
     
—  
      
227
 
Tax effect
   
—  
      
(34
 )    
—  
      
(67
 )
                                 
Change in unfunded status of the supplemental retirement plans, net of tax
   
—  
      
80
     
—  
      
160
 
                                 
Total other comprehensive income (loss)
  $
6,729
    $
(3,918
 )   $
15,681
    $
(14,864
 )
                                 
 
 
 
 
The components of accumulated other comprehensive loss, included in shareholders’ equity, are as follows:
                 
 
June 30,
   
December 31,
 
(in thousands)
 
2019
   
2018
 
Net unrealized loss on available for sale securities
  $
1,289
    $
(20,974
 )
Tax effect
   
(381
 )    
6,201
 
                 
Unrealized holding loss on available for sale securities, net of tax
   
908
     
(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
  $
(2,198
 )   $
(17,879
 )