Note 2 - Adoption of New Accounting Standards

9 Months Ended

Sep. 30, 2013

New Accounting Pronouncements and Changes in Accounting Principles [Abstract]

New Accounting Pronouncements and Changes in Accounting Principles [Text Block]

2. Adoption of New Accounting Standards

Effective January 1, 2013, the Company adopted Accounting Standards Update (“ASU”) 2013-02, Comprehensive Income (Topic 220) – Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. This ASU requires additional disclosure about the changes in the components of accumulated other comprehensive income, including amounts reclassified and amounts due to current period other comprehensive income. The following table presents changes in accumulated other comprehensive income by component, net of tax, for the periods indicated.

	Three months ended September 30, 2013									Nine months ended September 30, 2013
(In thousands)	Unrealized Gains and Losses on Available for Sale Investment Securities			Postretirement Benefit Obligation			Total			Unrealized Gains and Losses on Available for Sale Investment Securities			Postretirement Benefit Obligation			Total
Beginning balance	$	(1,810	)	$	(2,454	)	$	(4,264	)	$	9,411		$	(2,542	)	$	6,869
Other comprehensive income (loss) before reclassifications		1,694			-			1,694			(9,490	)		-			(9,490	)
Amounts reclassified from accumulated other comprehensive income		(1	)		43			42			(38	)		131			93
Net current-period other comprehensive income (loss)		1,693			43			1,736			(9,528	)		131			(9,397	)
Ending balance	$	(117	)	$	(2,411	)	$	(2,528	)	$	(117	)	$	(2,411	)	$	(2,528	)

The following table presents amounts reclassified out of accumulated other comprehensive income by component for the period indicated. Line items in the statement of income affected by the reclassification are also presented.

	Amount Reclassified from Accumulated Other Comprehensive Income						Affected Line Item in the Statement Where Net Income is Presented
(In thousands)	Three months ended September 30, 2013			Nine months ended September 30, 2013
Unrealized gains and losses on available for sale investment securities	$	2		$	58		Investment securities gains, net
		(1	)		(20	)	Income tax expense
	$	1		$	38		Net of tax
Amortization related to postretirement benefits
Prior service costs	$	(65	)	$	(193	)	Salaries and employee benefits
Actuarial losses		(3	)		(9	)	Salaries and employee benefits
		(68	)		(202	)	Total before tax
		25			71		Income tax benefit
	$	(43	)	$	(131	)	Net of tax
Total reclassifications for the period	$	(42	)	$	(93	)	Net of tax