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Accumulated Other Comprehensive Income (Loss) (Tables)
 6 Months Ended
Jun. 30, 2019
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Components of other comprehensive income

The following table presents the components of other comprehensive income (loss) for the three and six months ended June 30, 2019 and 2018:
(dollars in thousands)
Before Tax

 
Tax Effect

 
Net of Tax

Three Months Ended June 30, 2019
 

 
 

 
 

Net Unrealized Gains (Losses) on Investment Securities:
 

 
 

 
 

Net Unrealized Gains (Losses) Arising During the Period
$
21,812

 
$
5,782

 
$
16,030

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

 
 

 
 

  (Gain) Loss on Sale
(127
)
 
(34
)
 
$
(93
)
  Amortization of Unrealized Holding (Gains) Losses on Held-to-Maturity Securities 1
368

 
96

 
272

Net Unrealized Gains (Losses) on Investment Securities
22,053

 
5,844

 
16,209

Defined Benefit Plans:
 

 
 

 
 

Amortization of Net Actuarial Losses (Gains)
406

 
108

 
298

Amortization of Prior Service Credit
(72
)
 
(19
)
 
(53
)
Defined Benefit Plans, Net
334

 
89

 
245

Other Comprehensive Income (Loss)
$
22,387

 
$
5,933

 
$
16,454

 
 
 
 
 
 
Three Months Ended June 30, 2018
 

 
 

 
 

Net Unrealized Gains (Losses) on Investment Securities:
 

 
 

 
 

Net Unrealized Gains (Losses) Arising During the Period
$
(4,622
)
 
$
(1,223
)
 
$
(3,399
)
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
578

 
153

 
425

Net Unrealized Gains (Losses) on Investment Securities
(4,044
)
 
(1,070
)
 
(2,974
)
Defined Benefit Plans:
 

 
 

 
 

Amortization of Net Actuarial Losses (Gains)
436

 
116

 
320

Amortization of Prior Service Credit
(142
)
 
(38
)
 
(104
)
Defined Benefit Plans, Net
294

 
78

 
216

Other Comprehensive Income (Loss)
$
(3,750
)
 
$
(992
)
 
$
(2,758
)
 
 
 
 
 
 
Six Months Ended June 30, 2019
 

 
 

 
 

Net Unrealized Gains (Losses) on Investment Securities:
 

 
 

 
 

Net Unrealized Gains (Losses) Arising During the Period
$
30,764

 
$
8,153

 
$
22,611

Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) that (Increase) Decrease Net Income:
 
 
 
 
 
  (Gain) Loss on Sale
(63
)
 
(17
)
 
(46
)
  Amortization of Unrealized Holding (Gains) Losses on Held-to-Maturity Securities 1
764

 
201

 
563

Net Unrealized Gains (Losses) on Investment Securities
31,465

 
8,337

 
23,128

Defined Benefit Plans:
 

 
 

 
 

Amortization of Net Actuarial Losses (Gains)
812

 
215

 
597

Amortization of Prior Service Credit
(144
)
 
(38
)
 
(106
)
Defined Benefit Plans, Net
668

 
177

 
491

Other Comprehensive Income (Loss)
$
32,133

 
$
8,514

 
$
23,619

 
 
 
 
 
 
Six Months Ended June 30, 2018
 

 
 

 
 

Net Unrealized Gains (Losses) on Investment Securities:
 

 
 

 
 

Net Unrealized Gains (Losses) Arising During the Period
$
(17,679
)
 
$
(4,675
)
 
$
(13,004
)
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
1,237

 
328

 
909

Net Unrealized Gains (Losses) on Investment Securities
(16,442
)
 
(4,347
)
 
(12,095
)
Defined Benefit Plans:
 

 
 

 
 

Amortization of Net Actuarial Losses (Gains)
872

 
232

 
640

Amortization of Prior Service Credit
(284
)
 
(76
)
 
(208
)
Defined Benefit Plans, Net
588

 
156

 
432

Other Comprehensive Income (Loss)
$
(15,854
)
 
$
(4,191
)
 
$
(11,663
)

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.
Schedule of accumulated other comprehensive income (loss)

The following table presents the changes in each component of accumulated other comprehensive income (loss), net of tax, for the three and six months ended June 30, 2019 and 2018:
(dollars in thousands)
 
Investment Securities-Available-for-Sale

 
Investment Securities-Held-to-Maturity

 
Defined Benefit Plans

 
Accumulated Other Comprehensive Income (Loss)

Three Months Ended June 30, 2019
 
 
 
 
 
 
 
 
Balance at Beginning of Period
 
$
(3,819
)
 
$
(4,295
)
 
$
(35,764
)
 
$
(43,878
)
Other Comprehensive Income (Loss) Before Reclassifications
 
16,030

 
—

 
—

 
16,030

Transfers
 
(3,259
)
 
3,259

 
—

 
—

Amounts Reclassified from Accumulated Other
        Comprehensive Income (Loss)
 
(93
)
 
272

 
245

 
424

Total Other Comprehensive Income (Loss)
 
12,678

 
3,531

 
245

 
16,454

Balance at End of Period
 
$
8,859

 
$
(764
)
 
$
(35,519
)
 
$
(27,424
)
 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2018
 
 
 
 
 
 
 
 
Balance at Beginning of Period
 
$
(11,932
)
 
$
(5,697
)
 
$
(33,468
)
 
$
(51,097
)
Other Comprehensive Income (Loss) Before Reclassifications
 
(3,399
)
 
—

 
—

 
(3,399
)
Amounts Reclassified from Accumulated Other
        Comprehensive Income (Loss)
 
—

 
425

 
216

 
641

Total Other Comprehensive Income (Loss)
 
(3,399
)
 
425

 
216

 
(2,758
)
Balance at End of Period
 
$
(15,331
)
 
$
(5,272
)
 
$
(33,252
)
 
$
(53,855
)
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2019
 
 
 
 
 
 
 
 
Balance at Beginning of Period
 
$
(10,447
)
 
$
(4,586
)
 
$
(36,010
)
 
$
(51,043
)
Other Comprehensive Income (Loss) Before Reclassifications
 
22,611

 
—

 
—

 
22,611

Transfers
 
(3,259
)
 
3,259

 
—

 
—

Amounts Reclassified from Accumulated Other
        Comprehensive Income (Loss)
 
(46
)
 
563

 
491

 
1,008

Total Other Comprehensive Income (Loss)
 
19,306

 
3,822

 
491

 
23,619

Balance at End of Period
 
$
8,859

 
$
(764
)
 
$
(35,519
)
 
$
(27,424
)
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2018
 
 
 
 
 
 
 
 
Balance at Beginning of Period
 
$
(1,915
)
 
$
(5,085
)
 
$
(27,715
)
 
$
(34,715
)
Other Comprehensive Income (Loss) Before Reclassifications
 
(13,004
)
 
—

 
—

 
(13,004
)
Amounts Reclassified from Accumulated Other
        Comprehensive Income (Loss)
 
—

 
909

 
432

 
1,341

Total Other Comprehensive Income (Loss)
 
(13,004
)
 
909

 
432

 
(11,663
)
Reclassification of the Income Tax Effects of the
Tax Cuts and Jobs Act from AOCI
 
(412
)
 
(1,096
)
 
(5,969
)
 
(7,477
)
Balance at End of Period
 
$
(15,331
)
 
$
(5,272
)
 
$
(33,252
)
 
$
(53,855
)
Reclassification out of accumulated other comprehensive income
The following table presents the amounts reclassified out of each component of accumulated other comprehensive income (loss) for the three and six months ended June 30, 2019 and 2018:
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 June 30,
 
(dollars in thousands)
2019

2018

 
Amortization of Unrealized Holding Gains (Losses) on
     Investment Securities Held-to-Maturity
$
(368
)
$
(578
)
Interest Income
 
96

153

Provision for Income Tax
 
(272
)
(425
)
Net of Tax
Sale of Investment Securities Available-for-Sale
127

—

Investment Securities Gains (Losses), Net

 
(34
)
—

Provision for Income Tax
 
93

—

Net of tax
 
 
 
 
Amortization of Defined Benefit Plan Items
 
 
 
Prior Service Credit 2
72

142

 
Net Actuarial Losses 2
(406
)
(436
)
 
 
(334
)
(294
)
Total Before Tax
 
89

78

Provision for Income Tax
 
(245
)
(216
)
Net of Tax
 
 
 
 
Total Reclassifications for the Period
$
(424
)
$
(641
)
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
 
Six Months Ended June 30,
 
(dollars in thousands)
2019

2018

 
Amortization of Unrealized Holding Gains (Losses) on
     Investment Securities Held-to-Maturity
$
(764
)
$
(1,237
)
Interest Income
 
201

328

Provision for Income Tax
 
(563
)
(909
)
Net of Tax
Sale of Investment Securities Available-for-Sale
63

—

Investment Securities Gains (Losses), Net

 
(17
)
—

Provision for Income Tax
 
46

—

Net of tax
 
 
 
 
Amortization of Defined Benefit Plan Items
 
 
 
Prior Service Credit 2
144

284

 
Net Actuarial Losses 2
(812
)
(872
)
 
 
(668
)
(588
)
Total Before Tax
 
177

156

Provision for Income Tax
 
(491
)
(432
)
Net of Tax
 
 
 
 
Total Reclassifications for the Period
$
(1,008
)
$
(1,341
)
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 Other Noninterest Expense on the consolidated statements of income (see Note 11 Pension Plans and Postretirement Benefit Plan for additional details).