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Accumulated Other Comprehensive Income (Loss) (''AOCI'') (Tables)
3 Months Ended
Mar. 31, 2016
Accumulated Other Comprehensive Income (Loss) ("AOCI")  
Schedule of changes in AOCI by component

 

                                                                                                                                                                                    

 

 

For the Three Months Ended March 31, 2016 and 2015

 

 

 

Unrealized
Gains on
Available-
for-Sale
Securities
and I/O
Strips(1)

 

Unamortized
Unrealized
Gain on
Available-
for-Sale
Securities
Reclassified
to Held-to-
Maturity(1)

 

Defined
Benefit
Pension
Plan
Items(1)

 

Total(1)

 

 

 

(Dollars in thousands)

 

Beginning balance January 1, 2016, net of taxes

 

$

1,090

 

$

403

 

$

(7,713

)

$

(6,220

)

Other comprehensive income before reclassification, net of taxes

 

 

2,807

 

 


 

 


 

 

2,807

 

Amounts reclassified from other comprehensive income (loss), net of taxes

 

 

(105

)

 

(8

)

 

28

 

 

(85

)

​  

​  

​  

​  

​  

​  

​  

​  

Net current period other comprensive income, net of taxes

 

 

2,702

 

 

(8

)

 

28

 

 

2,722

 

​  

​  

​  

​  

​  

​  

​  

​  

Ending balance March 31, 2016, net of taxes

 

$

3,792

 

$

395

 

$

(7,685

)

$

(3,498

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Beginning balance January 1, 2015, net of taxes

 


$

3,666

 


$

435

 


$

(5,952


)


$

(1,851


)

Other comprehensive income (loss) before reclassification, net of taxes

 

 

514

 

 


 

 

(21


)

 

493

 

Amounts reclassified from other comprehensive income (loss), net of taxes

 

 

 

 

(8

)

 

49

 

 

41

 

​  

​  

​  

​  

​  

​  

​  

​  

Net current period other comprehensive income (loss), net of taxes              

 

 

514

 

 

(8

)

 

28

 

 

534

 

​  

​  

​  

​  

​  

​  

​  

​  

Ending balance March 31, 2015, net of taxes

 

$

4,180

 

$

427

 

$

(5,924

)

$

(1,317

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  


 

 

(1)          

This AOCI component is included in the computation of net periodic benefit cost (see Note 9—Benefit Plans) and includes split-dollar life insurance benefit plan.

 

Schedule of reclassifications out of AOCI into net income

 

                                                                                                                                                                                    

 

 

Amounts
Reclassified
from AOCI(1)
For the Three
Months Ended
March 31,

 

 

 

 

Affected Line Item Where
Net Income is Presented

Details About AOCI Components

 

2016

 

2015

 

 

(Dollars in thousands)

 

 

Unrealized gains on available-for-sale securities and I/O strips

 

$

180

 

$

 

Realized gains on sale of securities

 

 

 

(75

)

 

 

Income tax expense

​  

​  

​  

​  

 

 

 

105

 

 

 

Net of tax

​  

​  

​  

​  

Amortization of unrealized gain on securities available-for-sale that were reclassified to securities held-to-maturity

 

 

14

 

 

14

 

Interest income on taxable securities

 

 

 

(6

)

 

(6

)

Income tax expense

​  

​  

​  

​  

 

 

 

8

 

 

8

 

Net of tax

​  

​  

​  

​  

Amortization of defined benefit pension plan items

 

 

 

 

 

 

 

 

Prior transition obligation

 

 

13

 

 

12

 

 

Actuarial losses

 

 

(60

)

 

(96

)

 

​  

​  

​  

​  

 

 

 

(47

)

 

(84

)

Salaries and employee benefits

 

 

 

19

 

 

35

 

Income tax expense

​  

​  

​  

​  

 

 

 

(28

)

 

(49

)

Net of tax

​  

​  

​  

​  

Total reclassification for the period

 

$

85

 

$

(41

)

 

​  

​  

​  

​  

​  

​  

​  

​  

 


 

 

(1)          

This AOCI component is included in the computation of net periodic benefit cost (see Note 9—Benefit Plans) and includes split-dollar life insurance benefit plan.