Note 3 - Accumulated Other Comprehensive Income

9 Months Ended

Sep. 30, 2016

Notes to Financial Statements

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 September 30,	2016									2015
(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	$	7,516		$	(419	)	$	7,097		$	3,935	$	(1,520	)	$	2,415
Other comprehensive (loss) income before reclassifications		(1,531	)		-			(1,531	)		1,899		-			1,899
Amounts reclassified from accumulated other comprehensive income		(2,454	)		9			(2,445	)		1		15			16
Net current-period other comprehensive (loss) income		(3,985	)		9			(3,976	)		1,900		15			1,915
Ending balance	$	3,531		$	(410	)	$	3,121		$	5,835	$	(1,505	)	$	4,330

Nine months ended September 30,	2016									2015
(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	$	3,219		$	(437	)	$	2,782		$	5,174		$	(299	)	$	4,875
Other comprehensive income (loss) before reclassifications		2,905			-			2,905			767			(1,251	)		(484	)
Amounts reclassified from accumulated other comprehensive income		(2,593	)		27			(2,566	)		(106	)		45			(61	)
Net current-period other comprehensive income (loss)		312			27			339			661			(1,206	)		(545	)
Ending balance	$	3,531		$	(410	)	$	3,121		$	5,835		$	(1,505	)	$	4,330

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 September 30,						Nine months ended September 30,
(In thousands)	2016			2015			2016			2015
Unrealized gains on available for sale investment securities	$	3,776		$	(2	)	$	3,990		$	163		Investment securities gains, net
		(1,322	)		1			(1,397	)		(57	)	Income tax expense
	$	2,454		$	(1	)	$	2,593		$	106		Net of tax
Amortization related to postretirement benefits
Prior service costs	$	(12	)	$	(13	)	$	(37	)	$	(38	)	Salaries and employee benefits
Actuarial losses		(1	)		(10	)		(4	)		(31	)	Salaries and employee benefits
		(13	)		(23	)		(41	)		(69	)	Total before tax
		4			8			14			24		Income tax benefit
	$	(9	)	$	(15	)	$	(27	)	$	(45	)	Net of tax
Total reclassifications for the period	$	2,445		$	(16	)	$	2,566		$	61		Net of tax