Other Comprehensive Income |
OTHER COMPREHENSIVE INCOME
The gross amounts of each component of other comprehensive income and the related tax effects for the periods indicated are as follows: | | | | | | | | | | | Year ended December 31, 2016 | Before Tax Amount | Tax Expense (Benefit) | Net of Tax Amount | Investment securities available-for sale: | | | | Change in net unrealized gain during period | $ | (19,379 | ) | $ | (7,625 | ) | $ | (11,754 | ) | Reclassification adjustment for net gains included in net income | (330 | ) | (130 | ) | (200 | ) | Change in unamortized loss on available-for-sale securities transferred into held-to-maturity | 1,858 |
| 731 |
| 1,127 |
| Change in net unrealized gain on derivatives | (203 | ) | (80 | ) | (123 | ) | Defined benefits post-retirement benefit plan: | | | | Change in net actuarial loss | 3,983 |
| 1,567 |
| 2,416 |
| Total other comprehensive income | $ | (14,071 | ) | $ | (5,537 | ) | $ | (8,534 | ) |
| | | | | | | | | | | Year ended December 31, 2015 | Before Tax Amount | Tax Expense (Benefit) | Net of Tax Amount | Investment securities available-for sale: | | | | Change in net unrealized gain during period | $ | 3,151 |
| $ | 1,240 |
| $ | 1,911 |
| Reclassification adjustment for net gains included in net income | (137 | ) | (54 | ) | (83 | ) | Unamortized premium on available-to-sale securities transferred into held-for-maturity | 1,611 |
| 634 |
| 977 |
| Change in net unrealized gain on derivatives | 165 |
| 65 |
| 100 |
| Defined benefits post-retirement benefit plan: | | | | Change in net actuarial loss | 58 |
| 23 |
| 35 |
| Total other comprehensive income | $ | 4,848 |
| $ | 1,908 |
| $ | 2,940 |
|
| | | | | | | | | | | Year ended December 31, 2014 | Before Tax Amount | Tax Expense (Benefit) | Net of Tax Amount | Investment securities available-for sale: | | | | Change in net unrealized loss during period | $ | 27,522 |
| $ | 10,830 |
| $ | 16,692 |
| Reclassification adjustment for net gains included in net income | (61 | ) | (24 | ) | (37 | ) | Change in unamortized gain on available-for-sale securities transferred into held-to-maturity | (6,923 | ) | (2,725 | ) | (4,198 | ) | Defined benefits post-retirement benefit plan: | | | | Change in net actuarial loss | 1,731 |
| 681 |
| 1,050 |
| Total other comprehensive loss | $ | 22,269 |
| $ | 8,762 |
| $ | 13,507 |
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The components of accumulated other comprehensive income (loss), net of income taxes, are as follows: | | | | | | | | | Year ended December 31, | 2016 | | 2015 | Net unrealized gain (loss) on investment securities available-for-sale | $ | (10,143 | ) | | $ | 684 |
| Net actuarial gain (loss) on defined benefit post-retirement benefit plans | 2,038 |
| | (378 | ) | Net unrealized gain (loss) on derivatives | (23 | ) | | 100 |
| Net accumulated other comprehensive income (loss) | $ | (8,128 | ) | | $ | 406 |
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