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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
9 Months Ended
Sep. 30, 2019
Other Comprehensive Income Loss [Abstract]  
Net Accumulated Other Comprehensive Income (Loss)

 

 

 

Unrealized Gains

 

 

 

 

 

 

 

 

 

(Losses) on

 

 

 

 

 

 

 

 

 

Investments

 

Defined Benefit

 

 

 

(In thousands)

 

Available-for-Sale

 

Pension Plan

 

Total

Balance at January 1, 2019

 

$

(6,630)

 

$

(9,124)

 

$

(15,754)

Other comprehensive income before reclassification, net of tax

 

 

12,475

 

 

-

 

 

12,475

Reclassifications from accumulated other comprehensive income, net of tax

 

 

(15)

 

 

586

 

 

571

Current period change in other comprehensive income, net of tax

 

 

12,460

 

 

586

 

 

13,046

Balance at September 30, 2019

 

$

5,830

 

$

(8,538)

 

$

(2,708)

 

 

 

Unrealized Gains

 

 

 

 

 

 

 

 

 

(Losses) on

 

 

 

 

 

 

 

 

 

Investments

 

Defined Benefit

 

 

 

(In thousands)

 

Available-for-Sale

 

Pension Plan

 

Total

Balance at January 1, 2018

 

$

687

 

$

(7,544)

 

$

(6,857)

Other comprehensive income before reclassification, net of tax

 

 

(16,479)

 

 

-

 

 

(16,479)

Reclassifications from accumulated other comprehensive income, net of tax

 

 

(107)

 

 

500

 

 

393

Current period change in other comprehensive income, net of tax

 

 

(16,586)

 

 

500

 

 

(16,086)

Reclassification of tax effects from accumulated other comprehensive income

 

 

148

 

 

(1,625)

 

 

(1,477)

Balance at September 30, 2018

 

$

(15,751)

 

$

(8,669)

 

$

(24,420)

Schedule of Amounts Recognized in Other Comprehensive Income (Loss)

 

 

 

 

Nine Months Ended September 30,

(In thousands)

 

2019

 

2018

Unrealized gains on investments available-for-sale

 

 

 

 

 

 

 

Affected line item in the Statements of Income:

 

 

 

 

 

 

 

Investment securities gains

 

$

20

 

$

145

 

Income before taxes

 

 

20

 

 

145

 

Tax expense

 

 

(5)

 

 

(38)

 

Net income

 

$

15

 

$

107

 

 

 

 

 

 

 

 

 

 

Amortization of defined benefit pension plan items

 

 

 

 

 

 

 

Affected line item in the Statements of Income:

 

 

 

 

 

 

 

 

Recognized actuarial loss(1)

 

$

(794)

 

$

(750)

 

 

 

Income before taxes

 

 

(794)

 

 

(750)

 

 

 

Tax benefit

 

 

208

 

 

250

 

 

 

Net loss

 

$

(586)

 

$

(500)

(1) This amount is included in the computation of net periodic benefit cost. See Note 9.