Note 14 - Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2016

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

14. Accumulated Other Comprehensive Income:

The following table sets forth the changes in accumulated other comprehensive income by component for the three months ended June 30, 2016:

	Unrealized Gains and (Losses) on Available for Sale Securities		Defined Benefit Pension Items			Total
	(In thousands)
Beginning balance, net of tax	$	6,249	$	(4,938	)	$	1,311
Other comprehensive income before reclassifications, net of tax		1,674		-		$	1,674
Amounts reclassified from accumulated other comprehensive income, net of tax		-		103			103
Net current period other comprehensive income, net of tax		1,674		103			1,777
Ending balance, net of tax	$	7,923	$	(4,835	)	$	3,088

The following table sets forth the changes in accumulated other comprehensive income by component for the three months ended June 30, 2015:

	Unrealized Gains and (Losses) on Available for Sale Securities			Defined Benefit Pension Items			Total
	(In thousands)
Beginning balance, net of tax	$	7,724		$	(6,131	)	$	1,593
Other comprehensive income before reclassifications, net of tax		(5,477	)		-		$	(5,477	)
Amounts reclassified from accumulated other comprehensive income, net of tax		(36	)		164			128
Net current period other comprehensive income, net of tax		(5,513	)		164			(5,349	)
Ending balance, net of tax	$	2,211		$	(5,967	)	$	(3,756	)

The following table sets forth the changes in accumulated other comprehensive income by component for the six months ended June 30, 2016:

	Unrealized Gains and (Losses) on Available for Sale Securities			Defined Benefit Pension Items			Total
	(In thousands)
Beginning balance, net of tax	$	(521	)	$	(5,041	)	$	(5,562	)
Other comprehensive income before reclassifications, net of tax		8,444			-		$	8,444
Amounts reclassified from accumulated other comprehensive income, net of tax		-			206			206
Net current period other comprehensive income, net of tax		8,444			206			8,650
Ending balance, net of tax	$	7,923		$	(4,835	)	$	3,088

The following table sets forth the changes in accumulated other comprehensive income by component for the six months ended June 30, 2015:

	Unrealized Gains and (Losses) on Available for Sale Securities			Defined Benefit Pension Items			Total
	(In thousands)
Beginning balance, net of tax	$	3,392		$	(6,299	)	$	(2,907	)
Other comprehensive income before reclassifications, net of tax		(1,145	)		-			(1,145	)
Amounts reclassified from accumulated other comprehensive income, net of tax		(36	)		332			296
Net current period other comprehensive income, net of tax		(1,181	)		332			(849	)
Ending balance, net of tax	$	2,211		$	(5,967	)	$	(3,756	)

The following tables set forth significant amounts reclassified from accumulated other comprehensive income by component for the periods indicated:

For the three months ended June 30, 2016
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
	(In thousands)
Unrealized gains on available for sale securities:	$	2,363		Net gain on sale of securities
		(1,013	)	Tax expense
	$	1,350		Net of tax
Amortization of defined benefit pension items:
Actuarial losses	$	(192	) (1)	Other expense
Prior service credits		12	(1)	Other expense
		(180	)	Total before tax
		77		Tax benefit
	$	(103	)	Net of tax

For the three months ended June 30, 2015
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:	$	64		Net gain on sale of securities
		(28	)	Tax expense
	$	36		Net of tax
Amortization of defined benefit pension items:
Actuarial losses	$	(306	) (1)	Other expense
Prior service credits		12	(1)	Other expense
		(294	)	Total before tax
		130		Tax benefit
	$	(164	)	Net of tax

(1) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (See Note 10 of the Notes to Consolidated Financial Statements “Pension and Other Postretirement Benefit Plans”.)

The following tables set forth significant amounts reclassified from accumulated other comprehensive income by component for the periods indicated:

For the six months ended June 30, 2016
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:	$	2,363		Net gain on sale of securities
		(1,013	)	Tax expense
	$	1,350		Net of tax
Amortization of defined benefit pension items:
Actuarial losses	$	(384	) (1)	Other expense
Prior service credits		23	(1)	Other expense
		(361	)	Total before tax
		155		Tax benefit
	$	(206	)	Net of tax

For the six months ended June 30, 2015
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:	$	64		Net gain on sale of securities
		(28	)	Tax expense
	$	36		Net of tax
Amortization of defined benefit pension items:
Actuarial losses	$	(613	) (1)	Other expense
Prior service credits		23	(1)	Other expense
		(590	)	Total before tax
		258		Tax benefit
	$	(332	)	Net of tax

(1) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (See Note 10 of the Notes to Consolidated Financial Statements “Pension and Other Postretirement Benefit Plans”.)