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Accumulated Other Comprehensive Loss
3 Months Ended
Mar. 31, 2019
Equity [Abstract]  
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss
The following table summarizes the changes within each component of accumulated other comprehensive income (loss), net of related tax benefit/expense for the three months ended March 31, 2019, and 2018:
(Dollars in thousands)
 
Unrealized gains (losses) on securities carried at fair value, net of tax
 
Defined Benefit Pension Plan
 
Unrealized gains (losses) on cash flow hedges, net of tax
 
Total
For the three months ended March 31, 2019
 
 
 
 
 
 
 
 
Beginning balance at January 1, 2019
 
$
(37,772
)
 
$
(28,766
)
 
$
5,428

 
$
(61,110
)
Other comprehensive income (loss) before reclassifications
 
29,581

 

 
(5,966
)
 
23,615

Amounts reclassified from accumulated other comprehensive income (loss)
 
(69
)
 
75

 
(1,018
)
 
(1,012
)
Net current period other comprehensive income (loss)
 
29,512

 
75

 
(6,984
)
 
22,603

Ending balance
 
$
(8,260
)
 
$
(28,691
)
 
$
(1,556
)
 
$
(38,507
)
For the three months ended March 31, 2018
 
 
 
 
 
 
 
 
Beginning balance at December 31, 2017
 
$
(10,348
)
 
$
(19,808
)
 
$
4,658

 
$
(25,498
)
Cumulative effect adjustment of change in accounting policy, net of tax impact(1)
 
(344
)
 

 
3

 
(341
)
Beginning balance at January 1, 2018
 
(10,692
)
 
(19,808
)
 
4,661

 
(25,839
)
Other comprehensive income (loss) before reclassifications
 
(21,809
)
 

 
6,291

 
(15,518
)
Amounts reclassified from accumulated other comprehensive income (loss)
 

 
112

 
191

 
303

Net current period other comprehensive income (loss)
 
(21,809
)
 
112

 
6,482

 
(15,215
)
Ending balance
 
$
(32,501
)
 
$
(19,696
)
 
$
11,143

 
$
(41,054
)

(1) 
Refer to Note 1, Basis of Presentation and Significant Accounting Policies for further details on the adoption of ASU 2016-01 and ASU 2017-12.

The following table summarizes the amounts reclassified out of each component of accumulated other comprehensive income (loss) for the three months ended March 31, 2019, and 2018:
(Dollars in thousands)
 
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)
 
Affected Line Item in the Income Statement
 
 
Three Months Ended March 31,
 
 
 
 
2019
 
2018
 
 
Gains and losses on investment securities carried at fair value
 
$
87

 
$

 
Net gain on sale of investment securities (noninterest income)
 
 
(18
)
 

 
Income tax expense
 
 
$
69

 
$

 
Net Income
Amortization of defined benefit pension plan items
 
$
95

 
$
142

 
Salaries, wages and employee benefits (operating expenses)
 
 
(20
)
 
(30
)
 
Income tax benefit
 
 
$
75

 
$
112

 
Net Loss
Gains and losses on cash flow hedges
 
$
(1,288
)
 
$
242

 
Interest on short-term borrowings (interest expense)
 
 
270

 
(51
)
 
Income tax expense (benefit)
 
 
$
(1,018
)
 
$
191

 
Net (Income)/Loss