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OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
3 Months Ended
Mar. 31, 2017
Equity [Abstract]  
Other Comprehensive Income (Loss) Components and Related Tax Effects

Other comprehensive income (loss) components and related tax effects for the three-month periods are as follows:

 

 

 

Unrealized

Gains (Losses)

on Securities

Available for

Sale

 

 

Disproportionate

Tax Effect from

Securities

Available for

Sale

 

 

Losses on

Securities

Transferred

From

Available for

Sale

to Held to

Maturity

 

 

Total

 

March 31, 2017

 

(Dollars in thousands)

 

 

 

 

 

Balances at beginning of period, net of tax

 

 

(3,130

)

 

 

(17,110

)

 

 

(800

)

 

 

(21,040

)

Other comprehensive income before

   reclassifications

 

 

984

 

 

 

 

 

 

 

 

 

984

 

Accretion of unrealized losses of securities

   transferred from available for sale to

   held to maturity recognized in other

   comprehensive income

 

 

 

 

 

 

 

 

33

 

 

 

33

 

Reclassification adjustment for gains realized

   in income

 

 

(19

)

 

 

 

 

 

 

 

 

(19

)

Net current period other comprehensive income

 

 

965

 

 

 

 

 

 

33

 

 

 

998

 

Balances at end of period, net of tax

 

$

(2,165

)

 

$

(17,110

)

 

$

(767

)

 

$

(20,042

)

 

 

 

Unrealized

Gains (Losses)

on Securities

Available for

Sale

 

 

Disproportionate

Tax Effect from

Securities

Available for

Sale

 

 

Losses on

Securities

Transferred

From

Available for

Sale to Held

to Maturity

 

 

Unrealized

Gains (Losses)

from

Postretirement

Plan

 

 

Disproportionate

Tax Effect from Postretirement

Plan

 

 

Total

 

March 31, 2016

 

(Dollars in thousands)

 

 

 

 

 

Balances at beginning of period,

   net of tax

 

 

(2,492

)

 

 

(17,110

)

 

 

(960

)

 

 

831

 

 

 

511

 

 

 

(19,220

)

Other comprehensive income

   before reclassifications

 

 

6,528

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6,528

 

Amortization of unrealized gains

   of postretirement plan

   recognized in other

   comprehensive income

 

 

 

 

 

 

 

 

 

 

 

(181

)

 

 

 

 

 

(181

)

Accretion of unrealized losses of

   securities transferred from

   available for sale to held

   to maturity recognized in

   other comprehensive income

 

 

 

 

 

 

 

 

34

 

 

 

 

 

 

 

 

 

34

 

Reclassification adjustment for

   gains realized in income

 

 

(99

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(99

)

Net current period other

   comprehensive income

 

 

6,429

 

 

 

 

 

 

34

 

 

 

(181

)

 

 

 

 

 

6,282

 

Balances at end of period, net of

   tax

 

$

3,937

 

 

$

(17,110

)

 

$

(926

)

 

$

650

 

 

$

511

 

 

$

(12,938

)

 

Summary of Reclassification Out of Each Component of Accumulated Comprehensive Income (Loss)

The following are significant amounts reclassified out of each component of accumulated comprehensive income (loss) for the three months ended March 31, 2017:

 

 

 

Amount Reclassified

 

 

Affected Line Item on

 

 

From Accumulated

 

 

the Statement Where

Details About Accumulated Other Comprehensive

 

Other Comprehensive

 

 

Net Income is

Income Components

 

Income

 

 

Presented

 

 

(Dollars in thousands)

 

 

 

Realized net gains on the sale of available for sale securities

 

$

(29

)

 

Net gains on securities available for sale

 

 

 

10

 

 

Tax expense

Total reclassification during the period

 

$

(19

)

 

Net of tax, increase to net income

 

The following are significant amounts reclassified out of each component of accumulated comprehensive income (loss) for the three months ended March 31, 2016:

 

 

 

Amount Reclassified

 

 

Affected Line Item on

 

 

From Accumulated

 

 

the Statement Where

Details About Accumulated Other Comprehensive

 

Other Comprehensive

 

 

Net Income is

Income Components

 

Income

 

 

Presented

 

 

(Dollars in thousands)

 

 

 

Realized net gains on the sale of available for sale securities

 

$

(153

)

 

Net gains on securities available for sale

 

 

 

54

 

 

Tax expense

 

 

 

(99

)

 

Net of tax

Amortization of postretirement benefits prior service costs

 

 

(278

)

 

Reduction in salaries and employee

benefits

 

 

 

97

 

 

Tax expense

 

 

 

(181

)

 

Net of tax

Total reclassification during the period

 

$

(280

)

 

Increase to net income