Note 13 - Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2018

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

13. Accumulated Other Comprehensive Income (Loss):

The following tables sets forth the changes in accumulated other comprehensive income (loss) by component for the periods indicated:

	For the three months ended June 30, 2018
	Unrealized Gains (Losses) on Available for Sale Securities			Unrealized Gains (Losses) on Cash flow Hedges		Defined Benefit Pension Items			Fair Value Option Elected on Liabilities		Total
	(In thousands)
Beginning balance, net of tax	$	(13,487	)	$	5,942	$	(4,409	)	$	779	$	(11,175	)
Other comprehensive income before reclassifications, net of tax		(3,014	)		1,898		-			13		(1,103	)
Amounts reclassified from accumulated other comprehensive income, net of tax		-			187		84			-		271
Net current period other comprehensive income (loss), net of tax		(3,014	)		2,085		84			13		(832	)
Ending balance, net of tax	$	(16,501	)	$	8,027	$	(4,325	)	$	792	$	(12,007	)

	For the three months ended June 30, 2017
	Unrealized Gains (Losses) on Available for Sale Securities			Unrealized Gains (Losses) on Cash flow Hedges			Defined Benefit Pension Items			Total
	(In thousands)
Beginning balance, net of tax	$	(2,711	)	$	-		$	(4,423	)	$	(7,134	)
Other comprehensive income before reclassifications, net of tax		601			(124	)		-			477
Amounts reclassified from accumulated other comprehensive income, net of tax		-			-			81			81
Net current period other comprehensive income (loss), net of tax		601			(124	)		81			558
Ending balance, net of tax	$	(2,110	)	$	(124	)	$	(4,342	)	$	(6,576	)

	For the six months ended June 30, 2018
	Unrealized Gains (Losses) on Available for Sale Securities			Unrealized Gains (Losses) on Cash flow Hedges		Defined Benefit Pension Items			Fair Value Option Elected on Liabilities		Total
	(In thousands)
Beginning balance, net of tax	$	(5,522	)	$	231	$	(3,695	)	$	-	$	(8,986	)
Reclassification of the Income Tax Effects of the Tax Cuts and Jobs Act from AOCL to Retained Earnings		(1,325	)		50		(798	)		-		(2,073	)
Impact of adoption of Accounting Standard Update 2016-01		-			-		-			779		779
Other comprehensive income before reclassifications, net of tax		(9,654	)		7,505		-			13		(2,136	)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax		-			241		168			-		409
Net current period other comprehensive income, net of tax		(9,654	)		7,746		168			13		(1,727	)
Ending balance, net of tax	$	(16,501	)	$	8,027	$	(4,325	)	$	792	$	(12,007	)

	For the six months ended June 30, 2017
	Unrealized Gains (Losses) on Available for Sale Securities			Unrealized Gains (Losses) on Cash flow Hedges			Defined Benefit Pension Items			Total
	(In thousands)
Beginning balance, net of tax	$	(3,859	)	$	-		$	(4,503	)	$	(8,362	)
Other comprehensive income before reclassifications, net of tax		1,749			(124	)		-			1,625
Amounts reclassified from accumulated other comprehensive income, net of tax		-			-			161			161
Net current period other comprehensive income (loss), net of tax		1,749			(124	)		161			1,786
Ending balance, net of tax	$	(2,110	)	$	(124	)	$	(4,342	)	$	(6,576	)

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

For the three months ended June 30, 2018
Details about Accumulated Other Comprehensive Loss Components	Amounts Reclassified from Accumulated Other Comprehensive Loss			Affected Line Item in the Statement Where Net Income is Presented
	(In thousands)
Cash flow hedges:
Interest rate swaps	$	(273	)	Other interest expense
		86		Tax expense
	$	(187	)	Net of tax
Amortization of defined benefit pension items:
Actuarial losses	$	(133	)(1)	Other operating expense
Prior service credits		9	(1)	Other operating expense
		(124	)	Total before tax
		40		Tax expense
	$	(84	)	Net of tax

For the three months ended June 30, 2017
Details about Accumulated Other Comprehensive Loss Components	Amounts Reclassified from Accumulated Other Comprehensive Loss			Affected Line Item in the Statement Where Net Income is Presented
	(In thousands)
Amortization of defined benefit pension items:
Actuarial losses	$	(151	)(1)	Other operating expense
Prior service credits		11	(1)	Other operating expense
		(140	)	Total before tax
		59		Tax benefit
	$	(81	)	Net of tax

For the six months ended June 30, 2018
Details about Accumulated Other Comprehensive Loss Components	Amounts Reclassified from Accumulated Other Comprehensive Loss			Affected Line Item in the Statement Where Net Income is Presented
	(In thousands)
Cash flow hedges:
Interest rate swaps	$	(351	)	Interest expense
		110		Tax benefit
	$	(241	)	Net of tax
Amortization of defined benefit pension items:
Actuarial losses	$	(265	)(1)	Other operating expense
Prior service credits		19	(1)	Other operating expense
		(246	)	Total before tax
		78		Tax benefit
	$	(168	)	Net of tax

For the six months ended June 30, 2017
Details about Accumulated Other Comprehensive Loss Components	Amounts Reclassified from Accumulated Other Comprehensive Loss			Affected Line Item in the Statement Where Net Income is Presented
	(In thousands)
Amortization of defined benefit pension items:
Actuarial losses	$	(302	)(1)	Other operating expense
Prior service credits		22	(1)	Other operating expense
		(280	)	Total before tax
		119		Tax benefit
	$	(161	)	Net of tax

( 1 ) These accumulated other comprehensive loss 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”.)