Change in Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2016

Equity [Abstract]

Change in Accumulated Other Comprehensive Income

14. CHANGE IN ACCUMULATED OTHER COMPREHENSIVE INCOME

Accumulated other comprehensive income 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 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 month 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, December 31, 2015	$	(1,887	)	$	1,795		$	788		$	696
Other comprehensive income before reclassifications		10,572			—			—			10,572
Less: Amounts reclassified from accumulated other comprehensive income		(189	)		(103	)		478			186
Net current-period other comprehensive income (loss)		10,383			(103	)		478			10,758
Balance, March 31, 2016	$	8,496		$	1,692		$	1,266		$	11,454
Balance, December 31, 2014	$	446		$	2,207		$	847		$	3,500
Other comprehensive income before reclassifications		4,567			—			—			4,567
Less: Amounts reclassified from accumulated other comprehensive loss		(280	)		(171	)		(15	)		(466	)
Net current-period other comprehensive income (loss)		4,287			(171	)		(15	)		4,101
Balance, March 31, 2015	$	4,733		$	2,036		$	832		$	7,601

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

(In Thousands)	Three Months Ended March 31,						Affected line item in Statements of Operations
	2016			2015
Securities available-for-sale:
Realized gains on securities transactions	$	(305	)	$	(451	)	Security gains, net
Income taxes		116			171		Income tax provision
Net of tax	$	(189	)	$	(280	)
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	$	(168	)	$	(171	)	Interest income on investment securities
Income taxes		65			—		Income tax provision
Net of tax	$	(103	)	$	(171	)
Amortization of Defined Benefit Pension items:
Prior service (credits) costs	$	(7	)	$	(19	)
Transition obligation					—
Actuarial losses (gains)		791			(5	)
Total before tax	$	784		$	(24	)	Salaries, benefits and other compensation
Income taxes		(306	)		9		Income tax provision
Net of tax		478			(15	)
Total reclassifications	$	186		$	(466	)