Note 3 - Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2015

Disclosure Text Block [Abstract]

Comprehensive Income (Loss) Note [Text Block]

3. Accumulated 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 June 30,	2015									2014
(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	$	7,001		$	(1,535	)	$	5,466		$	63		$	434	$	497
Other comprehensive (loss) income before reclassifications		(3,035	)		-			(3,035	)		4,973			-		4,973
Amounts reclassified from accumulated other comprehensive income		(31	)		15			(16	)		(15	)		23		8
Net current-period other comprehensive (loss) income		(3,066	)		15			(3,051	)		4,958			23		4,981
Ending balance	$	3,935		$	(1,520	)	$	2,415		$	5,021		$	457	$	5,478

Six months ended June 30,	2015									2014
(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	$	5,174		$	(299	)	$	4,875		$	(3,623	)	$	411	$	(3,212	)
Other comprehensive (loss) income before reclassifications		(1,138	)		(1,251	)		(2,389	)		8,577			-		8,577
Amounts reclassified from accumulated other comprehensive income		(101	)		30			(71	)		67			46		113
Net current-period other comprehensive (loss) income		(1,239	)		(1,221	)		(2,460	)		8,644			46		8,690
Ending balance	$	3,935		$	(1,520	)	$	2,415		$	5,021		$	457	$	5,478

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
	Three months ended June 30,						Six months ended June 30,
(In thousands)	2015			2014			2015			2014
Unrealized gains and losses on available for sale investment securities	$	48		$	23		$	155		$	(103	)	Investment securities gains (losses), net
		(17	)		(8	)		(54	)		36		Income tax expense
	$	31		$	15		$	101		$	(67	)	Net of tax
Amortization related to postretirement benefits
Prior service costs	$	(12	)	$	(52	)	$	(25	)	$	(104	)	Salaries and employee benefits
Actuarial gains (losses)		(11	)		16			(21	)		33		Salaries and employee benefits
		(23	)		(36	)		(46	)		(71	)	Total before tax
		8			13			16			25		Income tax benefit
	$	(15	)	$	(23	)	$	(30	)	$	(46	)	Net of tax
Total reclassifications for the period	$	16		$	(8	)	$	71		$	(113	)	Net of tax