XML 28 R16.htm IDEA: XBRL DOCUMENT v3.5.0.2
ACCUMULATED OTHER COMPREHENSIVE LOSS
6 Months Ended
Jun. 30, 2016
Equity [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE LOSS
ACCUMULATED OTHER COMPREHENSIVE LOSS

Accumulated other comprehensive loss represents the net unrealized holding gains or losses on securities available for sale and the funded status of the Corporation's defined benefit pension plan and other benefit plans, as of the consolidated balance sheet dates, net of the related tax effect.

The following is a summary of the changes in accumulated other comprehensive loss by component, net of tax, for the periods indicated (in thousands):
 
 
Unrealized Gains and Losses on Securities Available for Sale
 
Defined Benefit and Other Benefit Plans
 
Total
Balance at April 1, 2016
 
$
1,581

 
$
(10,919
)
 
$
(9,338
)
Other comprehensive income before reclassification
 
1,571

 

 
1,571

Amounts reclassified from accumulated other comprehensive income
 

 
232

 
232

Net current period other comprehensive gain
 
1,571

 
232

 
1,803

Balance at June 30, 2016
 
$
3,152

 
$
(10,687
)
 
$
(7,535
)

 
 
Unrealized Gains and Losses on Securities Available for Sale
 
Defined Benefit and Other Benefit Plans
 
Total
Balance at April 1, 2015
 
$
2,734

 
$
(10,521
)
 
$
(7,787
)
Other comprehensive loss before reclassification
 
(1,394
)
 

 
(1,394
)
Amounts reclassified from accumulated other comprehensive income
 
(156
)
 
223

 
67

Net current period other comprehensive gain (loss)
 
(1,550
)
 
223

 
(1,327
)
Balance at June 30, 2015
 
$
1,184

 
$
(10,298
)
 
$
(9,114
)

 
 
Unrealized Gains and Losses on Securities Available for Sale
 
Defined Benefit and Other Benefit Plans
 
Total
Balance at January 1, 2016
 
$
210

 
$
(11,152
)
 
$
(10,942
)
Other comprehensive income before reclassification
 
3,507

 

 
3,507

Amounts reclassified from accumulated other comprehensive income
 
(565
)
 
465

 
(100
)
Net current period other comprehensive gain
 
2,942

 
465

 
3,407

Balance at June 30, 2016
 
$
3,152

 
$
(10,687
)
 
$
(7,535
)


 
 
Unrealized Gains and Losses on Securities Available for Sale
 
Defined Benefit and Other Benefit Plans
 
Total
Balance at January 1, 2015
 
$
1,960

 
$
(10,745
)
 
$
(8,785
)
Other comprehensive income before reclassification
 
(589
)
 

 
(589
)
Amounts reclassified from accumulated other comprehensive income
 
(187
)
 
447

 
260

Net current period other comprehensive gain (loss)
 
(776
)
 
447

 
(329
)
Balance at June 30, 2015
 
$
1,184

 
$
(10,298
)
 
$
(9,114
)


The following is the reclassification out of accumulated other comprehensive income for the periods indicated (in thousands):
Details about Accumulated Other Comprehensive Income Components
 
Three Months Ended 
 June 30,
 
Affected Line Item
in the Statement Where
Net Income is Presented
 
 
2016
 
2015
 
 
Unrealized gains and losses on securities available for sale:
 
 
 
 
 
     
Realized gains on securities available for sale
 
$

 
$
(252
)
 
Net gains on securities transactions
Tax effect
 

 
96

 
Income tax expense
Net of tax
 

 
(156
)
 
 
Amortization of defined pension plan and other benefit plan items:
 
 

 
 

 
     
Prior service costs (a)
 
(23
)
 
(21
)
 
Pension and other employee benefits
Actuarial losses (a)
 
396

 
384

 
Pension and other employee benefits
Tax effect
 
(141
)
 
(140
)
 
Income tax expense
Net of tax
 
232

 
223

 
 
Total reclassification for the period, net of tax
 
$
232

 
$
67

 
 
(a) These accumulated other comprehensive income components are included in the computation of net periodic pension and other benefit plan costs (see Note 10 for additional information).

Details about Accumulated Other Comprehensive Income Components
 
Six Months Ended June 30,
 
Affected Line Item
in the Statement Where
Net Income is Presented
 
 
2016
 
2015
 
 
Unrealized gains and losses on securities available for sale:
 
 
 
 
 
     
Realized gains on securities available for sale
 
$
(908
)
 
$
(302
)
 
Net gains on securities transactions
Tax effect
 
343

 
115

 
Income tax expense
Net of tax
 
(565
)
 
(187
)
 
 
Amortization of defined pension plan and other benefit plan items:
 
 

 
 

 
     
Prior service costs (a)
 
(45
)
 
(43
)
 
Pension and other employee benefits
Actuarial losses (a)
 
792

 
767

 
Pension and other employee benefits
Tax effect
 
(282
)
 
(277
)
 
Income tax expense
Net of tax
 
465

 
447

 
 
Total reclassification for the period, net of tax
 
$
(100
)
 
$
260

 
 

(a) These accumulated other comprehensive income components are included in the computation of net periodic pension and other benefit plan costs (see Note 10 for additional information).