XML 66 R50.htm IDEA: XBRL DOCUMENT v3.8.0.1
Accumulated Other Comprehensive Loss (Tables)
 12 Months Ended
Dec. 31, 2017
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The activity in accumulated other comprehensive loss is presented in the tables below (in thousands). The activity is shown net of tax, which is calculated using a combined Federal and state income tax rate approximating 37%. The impact of the change in the corporate tax rate as a result of the Tax Cuts and Jobs Act ("TCJA") from 35% to 21% is shown in the reclassification of residual tax effect of corporate tax rate reduction line item in the table below. As a result, the accumulated other comprehensive loss balances at December 31, 2017 reflect a combined Federal and state income tax rate approximating 23%.
 
 
Accumulated Other Comprehensive Loss
 
 
Unrealized
 
 
 
Gains (Losses) on
 
 
Defined Benefit
Securities
 
 
Pension Plans
Available-for-Sale
Total
 
 
 
 
Balance at December 31, 2015
$
(4,759
)
$
927

$
(3,832
)
 
 
 
 
   Other comprehensive income before reclassifications
99

(1,063
)
(964
)
   Amounts reclassified from other comprehensive loss
—

(2,216
)
(2,216
)
 
99

(3,279
)
(3,180
)
 
 
 
 
Balance at December 31, 2016
$
(4,660
)
$
(2,352
)
$
(7,012
)
 
 
 
 
   Other comprehensive income (loss) before reclassifications
528

4,658

5,186

   Amounts reclassified from other comprehensive loss
—

(2,819
)
(2,819
)
 
528

1,839

2,367

 
 
 
 
   Reclassification of residual tax effect of corporate tax rate reduction
(901
)
(98
)
(999
)
 
 
 
 
Balance at December 31, 2017
$
(5,033
)
$
(611
)
$
(5,644
)
Schedule of Amounts Reclassified from Accumulated Other Comprehensive Income
 
Amount reclassified from Other Comprehensive Loss
Affected line item
 
December 31,
in the Statements
 
2017
2016
2015
of Income
 
 
 
 
 
Securities available-for-sale:
 
 
 
 
Net securities gains reclassified into earnings
$
(4,476
)
$
(3,513
)
$
(2,130
)
Gains on sale of investment securities
Related income tax expense
1,657

1,297

786

Income tax expense
  Net effect on accumulated other comprehensive (loss)
$
(2,819
)
$
(2,216
)
$
(1,344
)