Note 13 - Accumulated Other Comprehensive Income

9 Months Ended

Sep. 30, 2014

Disclosure Text Block [Abstract]

Comprehensive Income (Loss) Note [Text Block]

13. Accumulated Other Comprehensive Income:

The following table sets forth the changes in accumulated other comprehensive income by component for the nine months ended September 30, 2014:

	Unrealized Gains  and (Losses) on  Available for Sale Securities			Defined Benefit Pension Items			Total
	(In thousands)
Beginning balance, net of tax	$	(8,522	)	$	(2,853	)	$	(11,375	)
Other comprehensive income before reclassifications, net of tax		9,667			-			9,667
Amounts reclassified from accumulated other comprehensive income, net of tax		(2,978	)		243			(2,735	)
Net current period other comprehensive income, net of tax		6,689			243			6,932
Ending balance, net of tax	$	(1,833	)	$	(2,610	)	$	(4,443	)

The following table sets forth significant amounts reclassified out of accumulated other comprehensive income by component for the three months ended September 30, 2014:

	Amounts Reclassified from
Details about Accumulated Other	Accumulated Other			Affected Line Item in the Statement
Comprehensive Income Components	Comprehensive Income			Where Net Income is Presented
(Dollars in thousands)
Unrealized gains on available for sale securities:	$	5,216		Net gain on sale of securities
		(2,238	)	Tax expense
	$	2,978		Net of tax
Amortization of defined benefit pension items:
Actuarial losses	$	(175	)(1)	Other expense
Prior service credits		12	(1)	Other expense
		(163	)	Total before tax
		71		Tax benefit
	$	(92	)	Net of tax

(1) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (See Note 9 of the Notes to Consolidated Financial Statements “Pension and Other Postretirement Benefit Plans”.)

The following table sets forth significant amounts reclassified out of accumulated other comprehensive income by component for the three months ended September 30, 2013:

Details about Accumulated Other Comprehensive Income Components	Amounts Reclassified from Accumulated Other Comprehensive Income			Affected Line Item in the Statement Where Net Income is Presented
(Dollars in thousands)
Unrealized gains on available for sale securities:	$	96		Net gain on sale of securities
		(42	)	Tax expense
	$	54		Net of tax
OTTI charges	$	(916	)	OTTI charge
		400		Tax benefit
	$	(516	)	Net of tax
Amortization of defined benefit pension items:
Actuarial losses	$	(309	)(1)	Other expense
Prior service credits		11	(1)	Other expense
		(298	)	Total before tax
		130		Tax benefit
	$	(168	)	Net of tax

(1) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (See Note 9 of the Notes to Consolidated Financial Statements “Pension and Other Postretirement Benefit Plans”.)

The following table sets forth significant amounts reclassified out of accumulated other comprehensive income by component for the nine months ended September 30, 2014:

Details about Accumulated Other Comprehensive Income Components	Amounts Reclassified from Accumulated Other Comprehensive Income			Affected Line Item in the Statement Where Net Income is Presented
(Dollars in thousands)
Unrealized gains on available  for sale securities:	$	5,216		Net gain on sale of securities
		(2,238	)	Tax expense
	$	2,978		Net of tax
Amortization of defined benefit pension items:
Actuarial losses	$	(525	)(1)	Other expense
Prior service credits		34	(1)	Other expense
		(491	)	Total before tax
		248		Tax benefit
	$	(243	)	Net of tax

(1) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (See Note 9 of the Notes to Consolidated Financial Statements “Pension and Other Postretirement Benefit Plans”.)

The following table sets forth significant amounts reclassified out of accumulated other comprehensive income by component for the nine months ended September 30, 2013:

Details about Accumulated Other Comprehensive Income Components	Amounts Reclassified from Accumulated Other Comprehensive Income			Affected Line Item in the Statement Where Net Income is Presented
(Dollars in thousands)
Unrealized gains on available  for sale securities:	$	2,972		Net gain on sale of securities
		(1,299	)	Tax expense
	$	1,673		Net of tax
OTTI charges	$	(1,419	)	OTTI charge
		620		Tax benefit
	$	(799	)	Net of tax
Amortization of defined benefit pension items:
Actuarial losses	$	(927	)(1)	Other expense
Prior service credits		33	(1)	Other expense
		(894	)	Total before tax
		391		Tax benefit
	$	(503	)	Net of tax

(1) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (See Note 9 of the Notes to Consolidated Financial Statements “Pension and Other Postretirement Benefit Plans”.)