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Other Comprehensive Income (Tables)
6 Months Ended
Jun. 30, 2019
Other Comprehensive Income  
Schedule of reclassification adjustments related to securities available for sale are included in gains on sale or call of securities

Reclassification adjustments related to securities available for sale are included in gains on sale or call of securities in the accompanying consolidated condensed statements of income.

 

 

 

 

 

 

 

 

 

 

 

 

 

Before Tax

 

Tax (Expense)

 

Net of Tax

 

    

Amount

    

Benefit

    

Amount

Three months ended June 30, 2019:

 

(In Thousands)

Securities available for sale and transferred securities:

 

 

  

 

 

  

 

 

  

Change in net unrealized gain/loss during the period

 

$

3,289

 

$

(691)

 

$

2,598

Reclassification adjustment for net gains included in net income

 

 

 —

 

 

 —

 

 

 —

Defined benefit postretirement medical plan:

 

 

 

 

 

 

 

 

 

Reclassification adjustment for deferred tax on defined benefit postretirement medical plan

 

 

 —

 

 

 —

 

 

 —

Total other comprehensive loss

 

$

3,289

 

$

(691)

 

$

2,598

 

 

 

 

 

 

  

 

 

  

Six months ended June 30, 2019:

 

 

  

 

 

  

 

 

  

Securities available for sale:

 

 

  

 

 

  

 

 

  

Change in net unrealized gain/loss during the period

 

$

7,892

 

$

(1,659)

 

$

6,233

Reclassification adjustment for net gains included in net income

 

 

 

 

 

 

 

 

 

Defined benefit postretirement medical plan:

 

 

 

 

 

 

 

 

 

Reclassification adjustment for deferred tax on defined benefit Postretirement medical plan

 

 

 —

 

 

82

 

 

82

Total other comprehensive loss

 

$

7,892

 

$

(1,577)

 

$

6,315

 

 

 

  

 

 

  

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

Before Tax

 

Tax Expense

 

Net of Tax

 

    

Amount

    

(Benefit)

    

Amount

Three months ended June 30, 2018:

 

(In Thousands)

Securities available for sale:

 

 

  

 

 

  

 

 

  

Change in net unrealized gain/loss during the period

 

$

(872)

 

$

183

 

$

(689)

Reclassification adjustment for net gains included in net income

 

 

 

 

 

 —

 

 

 —

Total other comprehensive loss

 

$

(872)

 

$

183

 

$

(689)

 

 

 

 

 

 

 

 

 

 

Six months ended June 30, 2018:

 

 

 

 

 

 

 

 

 

Securities available for sale:

 

 

 

 

 

 

 

 

 

Change in net unrealized gain/loss during the period

 

$

(4,429)

 

$

930

 

$

(3,499)

Reclassification adjustment for net gains included in net income

 

 

 —

 

 

 —

 

 

 —

Total other comprehensive loss

 

$

(4,429)

 

$

930

 

$

(3,499)

 

Schedule of accumulated other comprehensive income (loss), net of tax

Activity in accumulated other comprehensive income (loss), net of tax, was as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated

 

 

Securities

 

Post-

 

Other

 

 

Available

 

retirement

 

Comprehensive

 

    

For Sale

    

Benefit

    

Income (Loss)

 

 

(In Thousands)

Balance January 1, 2019

 

$

(2,057)

 

$

(91)

 

$

(2,148)

Other comprehensive income  before reclassifications

 

 

6,233

 

 

 —

 

 

6,233

Amounts reclassified from accumulated other comprehensive income

 

 

 —

 

 

82

 

 

82

 

 

 

  

 

 

  

 

 

  

Net other comprehensive income during period

 

 

6,233

 

 

82

 

 

6,315

 

 

 

  

 

 

  

 

 

  

Balance June 30, 2019

 

$

4,176

 

$

(9)

 

$

4,167

 

 

 

  

 

 

  

 

 

  

 

 

 

  

 

 

  

 

 

  

Balance January 1, 2018

 

$

601

 

$

(384)

 

$

217

Other comprehensive income (loss) before reclassifications

 

 

(3,499)

 

 

 —

 

 

(3,499)

 

 

 

  

 

 

  

 

 

  

Net other comprehensive income (loss) during period

 

 

(3,499)

 

 

 —

 

 

(3,499)

 

 

 

  

 

 

  

 

 

  

Reclassification adjustment upon adoption of ASU 2018‑02

 

 

129

 

 

(82)

 

 

47

 

 

 

 

 

 

 

 

 

 

Balance June 30, 2018

 

$

(2,769)

 

$

(466)

 

$

(3,235)