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Accumulated Other Comprehensive Income (Loss)
 9 Months Ended
Sep. 30, 2015
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)

The following table presents the components of other comprehensive income (loss) for the three and nine months ended September 30, 2015 and 2014:
(dollars in thousands)
Before Tax

 
Tax Effect

 
Net of Tax

Three Months Ended September 30, 2015
 

 
 

 
 

Net Unrealized Gains (Losses) on Investment Securities:
 

 
 

 
 

Net Unrealized Gains (Losses) Arising During the Period
$
10,613

 
$
4,185

 
$
6,428

Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) that (Increase) Decrease Net Income:
 

 
 

 
 

  (Gain) Loss on Sale
(189
)
 
(74
)
 
$
(115
)
  Amortization of Unrealized Holding (Gains) Losses on Held-to-Maturity Securities 1
1,217

 
479

 
738

Net Unrealized Gains (Losses) on Investment Securities
11,641

 
4,590

 
7,051

Defined Benefit Plans:
 

 
 

 
 

Amortization of Net Actuarial Losses (Gains)
443

 
175

 
268

Amortization of Prior Service Credit
(81
)
 
(32
)
 
(49
)
Defined Benefit Plans, Net
362

 
143

 
219

Other Comprehensive Income (Loss)
$
12,003

 
$
4,733

 
$
7,270

 
 
 
 
 
 
Three Months Ended September 30, 2014
 

 
 

 
 

Net Unrealized Gains (Losses) on Investment Securities:
 

 
 

 
 

Net Unrealized Gains (Losses) Arising During the Period
$
825

 
$
325

 
$
500

Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) that (Increase) Decrease Net Income:
 
 
 
 
 
  Amortization of Unrealized Holding (Gains) Losses on Held-to-Maturity Securities 1
(160
)
 
(63
)
 
(97
)
Net Unrealized Gains (Losses) on Investment Securities
665

 
262

 
403

Defined Benefit Plans:
 

 
 

 
 

Amortization of Net Actuarial Losses (Gains)
339

 
133

 
206

Amortization of Prior Service Credit
(81
)
 
(32
)
 
(49
)
Defined Benefit Plans, Net
258

 
101

 
157

Other Comprehensive Income (Loss)
$
923

 
$
363

 
$
560

 
 
 
 
 
 
Nine Months Ended September 30, 2015
 

 
 

 
 

Net Unrealized Gains (Losses) on Investment Securities:
 

 
 

 
 

Net Unrealized Gains (Losses) Arising During the Period
$
6,307

 
$
2,489

 
$
3,818

Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) that (Increase) Decrease Net Income:
 
 
 
 
 
  (Gain) Loss on Sale
(189
)
 
(74
)
 
(115
)
  Amortization of Unrealized Holding (Gains) Losses on Held-to-Maturity Securities 1
1,702

 
670

 
1,032

Net Unrealized Gains (Losses) on Investment Securities
7,820

 
3,085

 
4,735

Defined Benefit Plans:
 

 
 

 
 

Amortization of Net Actuarial Losses (Gains)
1,330

 
524

 
806

Amortization of Prior Service Credit
(242
)
 
(95
)
 
(147
)
Defined Benefit Plans, Net
1,088

 
429

 
659

Other Comprehensive Income (Loss)
$
8,908

 
$
3,514

 
$
5,394

 
 
 
 
 
 
Nine Months Ended September 30, 2014
 

 
 

 
 

Net Unrealized Gains (Losses) on Investment Securities:
 

 
 

 
 

Net Unrealized Gains (Losses) Arising During the Period
$
26,143

 
$
10,313

 
$
15,830

Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) that (Increase) Decrease Net Income:
 
 
 
 
 
  (Gain) Loss on Sale
(64
)
 
(25
)
 
$
(39
)
  Amortization of Unrealized Holding (Gains) Losses on Held-to-Maturity Securities 1
(825
)
 
(325
)
 
(500
)
Net Unrealized Gains (Losses) on Investment Securities
25,254

 
9,963

 
15,291

Defined Benefit Plans:
 

 
 

 
 

Amortization of Net Actuarial Losses (Gains)
1,016

 
400

 
616

Amortization of Prior Service Credit
(242
)
 
(95
)
 
(147
)
Defined Benefit Plans, Net
774

 
305

 
469

Other Comprehensive Income (Loss)
$
26,028

 
$
10,268

 
$
15,760


1 
The amount relates to the amortization/accretion of unrealized net gains and losses related to the Company's reclassification of available-for-sale investment securities to the held-to-maturity category. The unrealized net gains/losses will be amortized/accreted over the remaining life of the investment securities as an adjustment of yield.

The following table presents the changes in each component of accumulated other comprehensive income (loss), net of tax, for the three and nine months ended September 30, 2015 and 2014:
(dollars in thousands)
 
Investment Securities-Available-for-Sale

 
Investment Securities-Held-to-Maturity

 
Defined Benefit Plans

 
Accumulated Other Comprehensive Income (Loss)

Three Months Ended September 30, 2015
 
 
 
 
 
 
 
 
Balance at Beginning of Period
 
$
13,374

 
$
(8,261
)
 
$
(33,675
)
 
$
(28,562
)
Other Comprehensive Income (Loss) Before Reclassifications
 
6,428

 
—

 
—

 
6,428

Amounts Reclassified from Accumulated Other
        Comprehensive Income (Loss)
 
(115
)
 
738

 
219

 
842

Total Other Comprehensive Income (Loss)
 
6,313

 
738

 
219

 
7,270

Balance at End of Period
 
$
19,687

 
$
(7,523
)
 
$
(33,456
)
 
$
(21,292
)
 
 
 
 
 
 
 
 
 
Three Months Ended September 30, 2014
 
 
 
 
 
 
 
 
Balance at Beginning of Period
 
$
13,991

 
$
(8,532
)
 
$
(22,082
)
 
$
(16,623
)
Other Comprehensive Income (Loss) Before Reclassifications
 
500

 
—

 
—

 
500

Amounts Reclassified from Accumulated Other
        Comprehensive Income (Loss)
 
—

 
(97
)
 
157

 
60

Total Other Comprehensive Income (Loss)
 
500

 
(97
)
 
157

 
560

Balance at End of Period
 
$
14,491

 
$
(8,629
)
 
$
(21,925
)
 
$
(16,063
)
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2015
 
 
 
 
 
 
 
 
Balance at Beginning of Period
 
$
15,984

 
$
(8,555
)
 
$
(34,115
)
 
$
(26,686
)
Other Comprehensive Income (Loss) Before Reclassifications
 
3,818

 
—

 
—

 
3,818

Amounts Reclassified from Accumulated Other
        Comprehensive Income (Loss)
 
(115
)
 
1,032

 
659

 
1,576

Total Other Comprehensive Income (Loss)
 
3,703

 
1,032

 
659

 
5,394

Balance at End of Period
 
$
19,687

 
$
(7,523
)
 
$
(33,456
)
 
$
(21,292
)
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2014
 
 
 
 
 
 
 
 
Balance at Beginning of Period
 
$
(1,300
)
 
$
(8,129
)
 
$
(22,394
)
 
$
(31,823
)
Other Comprehensive Income (Loss) Before Reclassifications
 
15,830

 
—

 
—

 
15,830

Amounts Reclassified from Accumulated Other
        Comprehensive Income (Loss)
 
(39
)
 
(500
)
 
469

 
(70
)
Total Other Comprehensive Income (Loss)
 
15,791

 
(500
)
 
469

 
15,760

Balance at End of Period
 
$
14,491

 
$
(8,629
)
 
$
(21,925
)
 
$
(16,063
)

The following table presents the amounts reclassified out of each component of accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2015 and 2014:
Details about Accumulated Other
Comprehensive Income (Loss) Components
Amount Reclassified from Accumulated Other Comprehensive Income (Loss)1
 
Affected Line Item in the Statement Where Net Income Is Presented
 
Three Months Ended September 30,
 
(dollars in thousands)
2015

2014

 
Amortization of Unrealized Holding Gains (Losses) on
     Investment Securities Held-to-Maturity
$
(1,217
)
$
160

Interest Income
 
479

(63
)
Provision for Income Tax
 
(738
)
97

Net of Tax
Sale of Investment Securities Available-for-Sale
189

—

Investment Securities Gains, Net
 
(74
)
—

Provision for Income Tax
 
115

—

Net of tax
 
 
 
 
Amortization of Defined Benefit Plan Items
 
 
 
Prior Service Credit 2
81

81

 
Net Actuarial Losses 2
(443
)
(339
)
 
 
(362
)
(258
)
Total Before Tax
 
143

101

Provision for Income Tax
 
(219
)
(157
)
Net of Tax
 
 
 
 
Total Reclassifications for the Period
$
(842
)
$
(60
)
Net of Tax
 
 
 
 
Details about Accumulated Other
Comprehensive Income (Loss) Components
Amount Reclassified from Accumulated Other Comprehensive Income (Loss)1
 
Affected Line Item in the Statement Where Net Income Is Presented
 
Nine Months Ended September 30,
 
(dollars in thousands)
2015

2014

 
Amortization of Unrealized Holding Gains (Losses) on
     Investment Securities Held-to-Maturity
$
(1,702
)
$
825

Interest Income
 
670

(325
)
Provision for Income Tax
 
(1,032
)
500

Net of Tax
Sale of Investment Securities Available-for-Sale
189

64

Investment Securities Gains, Net
 
(74
)
(25
)
Provision for Income Tax
 
115

39

Net of tax
 
 
 
 
Amortization of Defined Benefit Plan Items
 
 
 
Prior Service Credit 2
242

242

 
Net Actuarial Losses 2
(1,330
)
(1,016
)
 
 
(1,088
)
(774
)
Total Before Tax
 
429

305

Provision for Income Tax
 
(659
)
(469
)
Net of Tax
 
 
 
 
Total Reclassifications for the Period
$
(1,576
)
$
70

Net of Tax
1 
Amounts in parentheses indicate reductions to net income.
2 
These accumulated other comprehensive income (loss) components are included in the computation of net periodic benefit cost and are included in Salaries and Benefits on the consolidated statements of income (see Note 10 for additional details).