Change in Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2015

Equity [Abstract]

Change in Accumulated Other Comprehensive Income (Loss)

14. CHANGE IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Accumulated other comprehensive income (loss) includes unrealized gains and losses on available-for-sale investments and unrecognized prior service costs on defined benefit pension plans. Changes to accumulated other comprehensive income (loss) are presented net of tax effect as a component of equity. Reclassification out of accumulated other comprehensive income is recorded on the statement of operations either as a gain or loss.

Changes to accumulated other comprehensive income by component are shown net of taxes in the following tables for the three and nine months periods indicated:

(In Thousands)	Net change in investment securities available-for-sale			Net change in securities held-to- maturity			Net change in defined benefit plan			Total
Balance, June 30, 2015	$	620		$	(208	)	$	817		$	1,229
Other comprehensive income (loss) before reclassifications		6,178			—			(15	)		6,163
Less: Amounts reclassified from accumulated other comprehensive income		(47	)		—			—			(47	)
Amortization of unrealized gain on securities reclassified to held-to-maturity		—			(104	)		—			(104	)
Net current-period other comprehensive income (loss)		6,131			(104	)		(15	)		6,012
Balance, September 30, 2015	$	6,751		$	(312	)	$	802		$	7,241
Balance, June 30, 2014	$	(2,583	)	$	—		$	(412	)	$	(2,995	)
Other comprehensive (loss) income before reclassifications		(778	)		—			5			(773	)
Less: Amounts reclassified from accumulated other comprehensive loss		(23	)		—			—			(23	)
Net current-period other comprehensive (loss) income		(801	)		—			5			(796	)
Balance, September 30, 2014	$	(3,384	)	$	—		$	(407	)	$	(3,791	)

(In Thousands)	Net change in investment securities available-for-sale			Net change in securities held-to- maturity			Net change in defined benefit plan			Total
Balance, December 31, 2014	$	2,653		$	—		$	847		$	3,500
Other comprehensive income (loss) before reclassifications		4,721			—			(45	)		4,676
Less: Amounts reclassified from accumulated other comprehensive income		(623	)		—			—			(623	)
Amortization of unrealized gain on securities reclassified to held-to-maturity		—			(312	)		—			(312	)
Net current-period other comprehensive income (loss)		4,098			(312	)		(45	)		3,741
Balance, September 30, 2015	$	6,751		$	(312	)	$	802		$	7,241
Balance, December 31, 2013		(20,822	)		—		$	(472	)	$	(21,294	)
Other comprehensive income (loss) before reclassifications		18,046			—			65			18,111
Less: Amounts reclassified from accumulated other comprehensive loss		(608	)		—			—			(608	)
Net current-period other comprehensive income		17,438			—			65			17,503
Balance, September 30, 2014	$	(3,384	)	$	—		$	(407	)	$	(3,791	)

The statements of operations impacted by components of other comprehensive income are presented in the table below:

(In Thousands)	Three Months Ended September 30,						Affected line item in Statements of Operations
	2015			2014
Securities available-for-sale:
Realized gains on securities transactions	$	(76	)	$	(36	)	Security gains, net
Income taxes		29			13		Income tax provision
Net of tax	$	(47	)	$	(23	)
Net unrealized holding gains on securities transferred between available-for-sale and held-to-maturity:
Amortization of net unrealized gains to income during the period	$	(159	)	$	—		Interest income on investment securities
Income taxes		55			—		Income tax provision
Net of tax	$	(104	)	$	—
Amortization of Defined Benefit Pension items:
Prior service (credits) costs	$	(19	)	$	22
Actuarial (gains) losses		(5	)		(14	)
Total before tax	$	(24	)	$	8		Salaries, benefits and other compensation
Income taxes		9			(3	)	Income tax provision
Net of tax		(15	)		5
Total reclassifications	$	(166	)	$	(18	)
	Nine Months Ended September 30,						Affected line item in Statements of Operations
	2015			2014
Securities available-for-sale:
Realized gains on securities transactions	$	(1,004	)	$	(979	)	Security gains, net
Income taxes		381			371		Income tax provision
Net of tax	$	(623	)	$	(608	)
Net unrealized holding gains on securities transferred between available-for-sale and held-to-maturity:
Amortization of net unrealized gains to income during the period	$	(487	)	$	—		Interest income on investment securities
Income taxes		175			—		Income tax provision
Net of tax	$	(312	)	$	—
Amortization of Defined Benefit Pension items:
Prior service (credits) costs	$	(57	)	$	905
Transition obligation		—			245
Actuarial (gains) losses		(15	)		(1,046	)
Total before tax	$	(72	)	$	104		Salaries, benefits and other compensation
Income taxes		27			(39	)	Income tax provision
Net of tax	$	(45	)	$	65
Total reclassifications	$	(980	)	$	(543	)