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

NOTE 6 - OTHER COMPREHENSIVE INCOME (LOSS)

The following table presents the changes in each component of accumulated other comprehensive loss, net of tax, as of December 31, 2016, 2015 and 2014.

 

     For the Year Ended
December 31, 2016
    For the Year Ended
December 31, 2015
    For the Year Ended
December 31, 2014
 
     Unrealized
Gains and
Losses on
Available
for Sale
Securities
    Defined
Benefit
Pension
Items
    Total     Unrealized
Gains and
Losses on
Available
for Sale
Securities
    Defined
Benefit
Pension
Items
    Total     Unrealized
Gains and
Losses on
Available
for Sale
Securities
    Defined
Benefit
Pension
Items
    Total  

Beginning balance

   $ 3,554     $ (4,049   $ (495   $ 3,730     $ (3,777   $ (47   $ 341     $ (4,588   $ (4,247
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Other comprehensive income (loss) before reclassifications

     (1,533     (511     (2,044     (188     (449     (637     3,464       591       4,055  

Amounts reclassified from accumulated other comprehensive loss

     (13     215       202       12       177       189       (75     220       145  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net current-period other comprehensive income (loss)

     (1,546     (296     (1,842     (176     (272     (448     3,389       811       4,200  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending balance

   $ 2,008     $ (4,345   $ (2,337   $ 3,554     $ (4,049   $ (495   $ 3,730     $ (3,777   $ (47
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Amounts in parentheses indicate debits on the consolidated balance sheets.

 

The following table presents the amounts reclassified out of each component of accumulated other comprehensive loss as of December 31, 2016, 2015 and 2014.

 

     Amout Reclassified from
Accumulated Other
Comprehensive Loss (a)
     
     For the year ended December 31,      

Details about Accumulated Other

Comprehensive Loss
Components

   2016     2015     2014    

Affected Line Item in the
Statement Where Net Income is
Presented

Unrealized gains (losses) on available-for-sale securities

   $ 19     $ (18   $ 113     Net gain (loss) on sale of securities

Tax effect

     (6     6       (38   Income taxes
  

 

 

   

 

 

   

 

 

   
     13       (12     75    

Amortization of defined benefit pension items

        

Actuarial losses

     (326 ) (b)      (270 ) (b)      (334 ) (b)    Salaries, wages and benefits

Tax effect

     111       93       114     Income taxes
  

 

 

   

 

 

   

 

 

   
     (215     (177     (220  

Total reclassifications for the period

   $ (202   $ (189   $ (145  
  

 

 

   

 

 

   

 

 

   

 

(a)  Amounts in parentheses indicate expenses and other amounts indicate income.
(b)  These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost.