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Comprehensive Income (Loss) (Tables)
12 Months Ended
Dec. 31, 2016
Comprehensive Income (Loss) [Abstract]  
Comprehensive Income (Loss) [Abstract]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the year ended December 31, 2016

 

  

 

 

  

Tax

  

 

 

 

 

Before tax

 

expense

 

Net of tax

(In thousands)

 

amount

 

(benefit)

 

amount

Unrealized losses on investment securities:

 

 

 

 

 

 

 

 

 

Unrealized holding losses arising during period

 

$

138

 

$

47

 

$

91

Less adjustment for impaired investments

 

 

(190)

 

 

(65)

 

 

(125)

Less reclassification adjustment for gains

 

 

 

 

 

 

 

 

 

realized in net income

 

 

1,431

 

 

336

 

 

1,095

Unrealized losses on investment securities

 

 

(1,103)

 

 

(224)

 

 

(879)

Unrecognized benefit obligation expense:

 

 

 

 

 

 

 

 

 

Actuarial loss

 

 

(634)

 

 

 —

 

 

(634)

Reclassification adjustment for amortization

 

 

173

 

 

 —

 

 

173

Unrecognized benefit obligation

 

 

(461)

 

 

 —

 

 

(461)

Unrealized gain on derivative instrument

 

 

61

 

 

21

 

 

40

Other comprehensive loss, net

 

$

(1,503)

 

$

(203)

 

$

(1,300)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the year ended December 31, 2015

 

  

 

 

  

Tax

  

 

 

 

 

Before tax

 

expense

 

Net of tax

(In thousands)

 

amount

 

(benefit)

 

amount

Unrealized losses on investment securities:

 

 

 

 

 

 

 

 

 

Unrealized holding losses arising during period

 

$

(1,427)

 

$

(603)

 

$

(824)

Less adjustment for impaired investments

 

 

(14)

 

 

(5)

 

 

(9)

Less reclassification adjustment for gains

 

 

 

 

 

 

 

 

 

realized in net income

 

 

900

 

 

306

 

 

594

Unrealized losses on investment securities

 

 

(2,313)

 

 

(904)

 

 

(1,409)

Unrecognized benefit obligation expense:

 

 

 

 

 

 

 

 

 

Actuarial gain

 

 

73

 

 

 —

 

 

73

Reclassification adjustment for amortization

 

 

275

 

 

 —

 

 

275

Unrecognized benefit obligation

 

 

348

 

 

 —

 

 

348

Unrealized loss on derivative instrument

 

 

(555)

 

 

(189)

 

 

(366)

Other comprehensive loss, net

 

$

(2,520)

 

$

(1,093)

 

$

(1,427)

 

The other components of accumulated other comprehensive loss included in shareholders’ equity at December 31, 2016 and 2015 are as follows:

 

 

0f

 

 

 

 

 

 

 

 

December 31,

(In thousands)

 

2016

 

2015

Unrecognized benefit obligation

  

$

(4,138)

  

$

(3,677)

Unrealized loss on AFS investments

 

 

(755)

 

 

124

Unrealized loss on derivative instrument

 

 

(326)

 

 

(366)

Accumulated other comprehensive loss

 

$

(5,219)

 

$

(3,919)