| Schedule of other comprehensive income loss |
The
following table summarizes the tax effects for each component of other comprehensive income (loss):
| |
|
Before |
|
|
Tax |
|
|
Net
of |
|
| |
|
Tax |
|
|
(Expense) |
|
|
Tax |
|
| (Dollars
in Thousands) |
|
Amount |
|
|
Benefit |
|
|
Amount |
|
| 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
| Investment
Securities: |
|
|
|
|
|
|
|
|
|
|
|
|
| Change
in net unrealized gain/loss on securities available for sale |
|
$ |
(378 |
) |
|
$ |
145 |
|
|
$ |
(233 |
) |
Amortization
of losses on securities transferred from available for sale to
held to maturity |
|
|
76 |
|
|
|
(31 |
) |
|
|
45 |
|
| Reclassification
adjustment for net gain included in net income |
|
|
5 |
|
|
|
(2 |
) |
|
|
3 |
|
| Total
Investment Securities |
|
|
(297 |
) |
|
|
112 |
|
|
|
(185 |
) |
| Benefit
Plans: |
|
|
|
|
|
|
|
|
|
|
|
|
| Reclassification
adjustment for amortization of prior service cost |
|
|
316 |
|
|
|
(122 |
) |
|
|
194 |
|
| Reclassification
adjustment for amortization of net loss |
|
|
3,743 |
|
|
|
(1,444 |
) |
|
|
2,299 |
|
| Current
year actuarial (loss) gain |
|
|
(4,975 |
) |
|
|
1,919 |
|
|
|
(3,056 |
) |
| Total
Benefit Plans |
|
|
(916 |
) |
|
|
353 |
|
|
|
(563 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Total
Other Comprehensive Loss |
|
$ |
(1,213 |
) |
|
$ |
465 |
|
|
$ |
(748 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| 2014 |
|
|
|
|
|
|
|
|
|
|
|
|
| Investment
Securities: |
|
|
|
|
|
|
|
|
|
|
|
|
| Change
in net unrealized gain/loss on securities available for sale |
|
$ |
250 |
|
|
$ |
(103 |
) |
|
$ |
147 |
|
Amortization
of losses on securities transferred from available for sale to
held to maturity |
|
|
70 |
|
|
|
(27 |
) |
|
|
43 |
|
| Reclassification
adjustment for net gain included in net income |
|
|
1 |
|
|
|
|
|
|
|
1 |
|
| Total
Investment Securities |
|
|
321 |
|
|
|
(130 |
) |
|
|
191 |
|
| Benefit
Plans: |
|
|
|
|
|
|
|
|
|
|
|
|
| Reclassification
adjustment for amortization of prior service cost |
|
|
473 |
|
|
|
(182 |
) |
|
|
291 |
|
| Reclassification
adjustment for amortization of net loss |
|
|
705 |
|
|
|
(272 |
) |
|
|
433 |
|
| Current
year actuarial (loss) gain |
|
|
(22,603 |
) |
|
|
8,719 |
|
|
|
(13,884 |
) |
| Total
Benefit Plans |
|
|
(21,425 |
) |
|
|
8,265 |
|
|
|
(13,160 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Total
Other Comprehensive Loss |
|
$ |
(21,104 |
) |
|
$ |
8,135 |
|
|
$ |
(12,969 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| 2013 |
|
|
|
|
|
|
|
|
|
|
|
|
| Investment
Securities: |
|
|
|
|
|
|
|
|
|
|
|
|
| Change
in net unrealized gain/loss on securities available for sale |
|
$ |
(1,252 |
) |
|
$ |
483 |
|
|
$ |
(769 |
) |
Unrealized
losses on securities transferred from available for sale to
held to maturity |
|
|
(523 |
) |
|
|
202 |
|
|
|
(321 |
) |
Amortization
of losses on securities transferred from available for sale to
held to maturity |
|
|
25 |
|
|
|
(10 |
) |
|
|
15 |
|
| Reclassification
adjustment for net gain included in net income |
|
|
3 |
|
|
|
(1 |
) |
|
|
2 |
|
| Reclassification
adjustment for impairment loss realized in net income |
|
|
600 |
|
|
|
(232 |
) |
|
|
368 |
|
| Total
Investment Securities |
|
|
(1,147 |
) |
|
|
442 |
|
|
|
(705 |
) |
| Benefit
Plans: |
|
|
|
|
|
|
|
|
|
|
|
|
| Reclassification
adjustment for amortization of prior service cost |
|
|
504 |
|
|
|
(194 |
) |
|
|
310 |
|
| Reclassification
adjustment for amortization of net loss |
|
|
4,079 |
|
|
|
(1,574 |
) |
|
|
2,505 |
|
| Current
year actuarial gain (loss) |
|
|
30,784 |
|
|
|
(11,875 |
) |
|
|
18,909 |
|
| Total
Benefit Plans |
|
|
35,367 |
|
|
|
(13,643 |
) |
|
|
21,724 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Total
Other Comprehensive Income |
|
$ |
34,220 |
|
|
$ |
(13,201 |
) |
|
$ |
21,019 |
|
|
| Activity in accumulated other comprehensive loss, net of tax |
Accumulated
other comprehensive loss was comprised of the following components:
| |
|
|
|
|
|
|
|
|
|
| (Dollars
in Thousands) |
|
Securities
Available
for Sale |
|
|
Retirement
Plans |
|
|
Accumulated
Other
Comprehensive
Loss |
|
| Balance
as of January 1, 2015 |
|
$ |
59 |
|
|
$ |
(21,568 |
) |
|
$ |
(21,509 |
) |
| Other
comprehensive (loss) during the period |
|
|
(186 |
) |
|
|
(562 |
) |
|
|
(748 |
) |
| Balance
as of December 31, 2015 |
|
$ |
(127 |
) |
|
$ |
(22,130 |
) |
|
$ |
(22,257 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Balance as of January
1, 2014 |
|
$ |
(132 |
) |
|
$ |
(8,408 |
) |
|
$ |
(8,540 |
) |
| Other
comprehensive income (loss) during the period |
|
|
191 |
|
|
|
(13,160 |
) |
|
|
(12,969 |
) |
| Balance
as of December 31, 2014 |
|
$ |
59 |
|
|
$ |
(21,568 |
) |
|
$ |
(21,509 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Balance as of January
1, 2013 |
|
$ |
573 |
|
|
$ |
(30,132 |
) |
|
$ |
(29,559 |
) |
| Other
comprehensive (loss) income during the period |
|
|
(705 |
) |
|
|
21,724 |
|
|
|
21,019 |
|
| Balance
as of December 31, 2013 |
|
$ |
(132 |
) |
|
$ |
(8,408 |
) |
|
$ |
(8,540 |
) |
|