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1054 - Disclosure - Other Comprehensive Income (Tables)
(http://www.progbank.com/taxonomy/role/NotesToFinancialStatementsComprehensiveIncomeNoteTextBlockTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Equity [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Equity [Abstract]
 
Components of Other Comprehensive Income and Related Tax Effects

Other comprehensive income components and related tax effects were as follows for the years ended December 31, 2016, 2015, and 2014:

 

     2016     2015     2014  

Unrealized holding (losses) gains on available for sale securities

   $ (1,838 )    $ (623 )    $ 16,141  

Less reclassification adjustment for gains recognized in earnings

     (83 )      (666 )      (429 ) 
  

 

 

   

 

 

   

 

 

 

Net unrealized (losses) gains

     (1,921 )      (1,289 )      15,712  

Tax effect

     672       452       (5,498 ) 
  

 

 

   

 

 

   

 

 

 

Net-of-tax amount

     (1,249 )      (837 )      10,214  
  

 

 

   

 

 

   

 

 

 

Unrealized holding gains (losses) on available for sale securities for which a portion of an other-than-temporary impairment has been recognized in earnings

     (442 )      2,508       244  

Less reclassification adjustment for gains recognized in earnings

     (922 )      0       0  
  

 

 

   

 

 

   

 

 

 

Net unrealized gains (losses)

     (1,364 )      2,508       244  

Tax effect

     477       (878 )      (86 ) 
  

 

 

   

 

 

   

 

 

 

Net-of-tax amount

     (887 )      1,630       158  
  

 

 

   

 

 

   

 

 

 

Actuarial loss on postemployment health care plan

     (282 )      (311 )      (117 ) 

Net amortization of transition obligation and actuarial gain

     184       173       149  
  

 

 

   

 

 

   

 

 

 

Net unrealized loss on postemployment health care plan

     (98 )      (138 )      32  

Tax effect

     34       48       (11 ) 
  

 

 

   

 

 

   

 

 

 

Net-of-tax amount

     (64 )      (90 )      21  
  

 

 

   

 

 

   

 

 

 

Unrealized loss on interest rate swap

     (63 )      (168 )      (213 ) 

Less reclassification adjustment for losses recognized in earnings

     340       378       384  
  

 

 

   

 

 

   

 

 

 

Net unrealized gain

     277       210       171  

Tax effect

     (97 )      (73 )      (60 ) 
  

 

 

   

 

 

   

 

 

 

Net-of-tax amount

     180       137       111  
  

 

 

   

 

 

   

 

 

 

Other comprehensive income (loss)

   $ (2,020 )    $ 840     $ 10,504  
  

 

 

   

 

 

   

 

 

 
 
 
Summary of Change in Accumulated Other Comprehensive Income (Loss)

The following is a summary of the change in the accumulated other comprehensive income (loss) balance, net of tax, for the years ended December 31, 2016, 2015, and 2014:

 

     Balance       Increase        Balance       Increase       Balance       Increase       Balance  
     1/1/14       (Decrease)        12/31/14       (Decrease)       12/31/15       (Decrease)       12/31/16  

Unrealized gains (losses) on securities available for sale

   $ (7,636 )    $ 10,372      $ 2,736     $ 793     $ 3,529     $ (2,136 )    $ 1,393  

Unrealized gain (loss) on postretirement benefits plan

     (1,084 )      21        (1,063 )      (90 )      (1,153 )      (64 )      (1,217 ) 

Unrealized loss on interest rate swap

     (725 )      111        (614 )      137       (477 )      180       (297 ) 
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total

   $ (9,445 )    $ 10,504      $ 1,059     $ 840     $ 1,899     $ (2,020 )    $ (121 )