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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2016, 2015, and 2014

 

 

    

 

    

Unamortized

    

 

    

 

 

 

 

 

 

Unrealized

 

 

 

 

 

 

 

Unrealized

 

Gain on

 

 

 

 

 

 

 

Gains (Losses) on

 

Available-

 

 

 

 

 

 

 

Available-

 

for-Sale

 

Defined

 

 

 

 

 

for-Sale

 

Securities

 

Benefit

 

 

 

 

 

Securities

 

Reclassified

 

Pension

 

 

 

 

 

and I/O

 

to Held-to-

 

Plan

 

 

 

 

 

Strips

 

Maturity

 

Items

 

Total

 

 

 

(Dollars in thousands)

 

Beginning balance January 1, 2016, net of taxes

 

$

1,090

 

$

403

 

$

(7,713)

 

$

(6,220)

 

Other comprehensive (loss) before reclassification, net of taxes

 

 

(992)

 

 

 —

 

 

(106)

 

 

(1,098)

 

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

 

 

(638)

 

 

(67)

 

 

109

 

 

(596)

 

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

 

 

(1,630)

 

 

(67)

 

 

3

 

 

(1,694)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance December 31, 2016, net of taxes

 

$

(540)

 

$

336

 

$

(7,710)

 

$

(7,914)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance January 1, 2015, net of taxes

 

$

3,666

 

$

435

 

$

(5,952)

 

$

(1,851)

 

Other comprehensive (loss) before reclassification, net of taxes

 

 

(2,204)

 

 

 —

 

 

(1,919)

 

 

(4,123)

 

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

 

 

(372)

 

 

(32)

 

 

158

 

 

(246)

 

Net current period other comprehensive loss, net of taxes

 

 

(2,576)

 

 

(32)

 

 

(1,761)

 

 

(4,369)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance December 31, 2015, net of taxes

 

$

1,090

 

$

403

 

$

(7,713)

 

$

(6,220)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance January 1, 2014, net of taxes

 

$

(430)

 

$

466

 

$

(4,065)

 

$

(4,029)

 

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

 

 

4,152

 

 

 —

 

 

(1,910)

 

 

2,242

 

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

 

 

(56)

 

 

(31)

 

 

23

 

 

(64)

 

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

 

 

4,096

 

 

(31)

 

 

(1,887)

 

 

2,178

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance December 31, 2014, net of taxes

 

$

3,666

 

$

435

 

$

(5,952)

 

$

(1,851)

 

 

Schedule of reclassifications out of AOCI into net income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts Reclassified from

 

 

 

 

 

AOCI(1)

 

 

 

 

 

Year Ended December 31, 2016

 

Affected Line Item Where

 

Details About AOCI Components

    

2016

    

2015

    

2014

    

Net Income is Presented

 

 

 

(Dollars in thousands)

 

 

 

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

 

$

1,099

 

$

642

 

$

97

 

Gain on sales of securities

 

 

 

 

(461)

 

 

(270)

 

 

(41)

 

Income tax expense

 

 

 

 

638

 

 

372

 

 

56

 

Net of tax

 

Amortization of unrealized gain on securities available-for-sale

 

 

 

 

 

 

 

 

 

 

 

 

     that were reclassified to securities held-to-maturity

 

 

116

 

 

55

 

 

54

 

Interest income on taxable securities

 

 

 

 

(49)

 

 

(23)

 

 

(23)

 

Income tax expense

 

 

 

 

67

 

 

32

 

 

31

 

Net of tax

 

Amortization of defined benefit pension plan items(1)

 

 

 

 

 

 

 

 

 

 

 

 

Prior service cost

 

 

 —

 

 

 —

 

 

 —

 

 

 

Prior transition obligation

 

 

51

 

 

113

 

 

102

 

 

 

Actuarial losses

 

 

(239)

 

 

(386)

 

 

(142)

 

 

 

 

 

 

(188)

 

 

(273)

 

 

(40)

 

Income before income tax

 

 

 

 

79

 

 

115

 

 

17

 

Income tax benefit

 

 

 

 

(109)

 

 

(158)

 

 

(23)

 

Net of tax

 

Total reclassification from AOCI for the year

 

$

596

 

$

246

 

$

64

 

 

 


This AOCI component is included in the computation of net periodic benefit cost (see Note 14 — Benefit Plans).