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Accumulated Other Comprehensive Income (Loss) (Tables)
 9 Months Ended
Sep. 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 nine months ended September 30, 2019 and 2018:
(dollars in thousands)
Before Tax

 
Tax Effect

 
Net of Tax

Three Months Ended September 30, 2019
 

 
 

 
 

Net Unrealized Gains (Losses) on Investment Securities:
 

 
 

 
 

Net Unrealized Gains (Losses) Arising During the Period
$
7,314

 
$
1,938

 
$
5,376

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
39

 
10

 
29

Net Unrealized Gains (Losses) on Investment Securities
7,353

 
1,948

 
5,405

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)
$
7,687

 
$
2,037

 
$
5,650

 
 
 
 
 
 
Three Months Ended September 30, 2018
 

 
 

 
 

Net Unrealized Gains (Losses) on Investment Securities:
 

 
 

 
 

Net Unrealized Gains (Losses) Arising During the Period
$
(8,086
)
 
$
(2,137
)
 
$
(5,949
)
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
476

 
126

 
350

Net Unrealized Gains (Losses) on Investment Securities
(7,610
)
 
(2,011
)
 
(5,599
)
Defined Benefit Plans:
 

 
 

 
 

Amortization of Net Actuarial Losses (Gains)
437

 
115

 
322

Amortization of Prior Service Credit
(142
)
 
(36
)
 
(106
)
Defined Benefit Plans, Net
295

 
79

 
216

Other Comprehensive Income (Loss)
$
(7,315
)
 
$
(1,932
)
 
$
(5,383
)
 
 
 
 
 
 
Nine Months Ended September 30, 2019
 

 
 

 
 

Net Unrealized Gains (Losses) on Investment Securities:
 

 
 

 
 

Net Unrealized Gains (Losses) Arising During the Period
$
38,077

 
$
10,090

 
$
27,987

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
804

 
212

 
592

Net Unrealized Gains (Losses) on Investment Securities
38,818

 
10,285

 
28,533

Defined Benefit Plans:
 

 
 

 
 

Amortization of Net Actuarial Losses (Gains)
1,218

 
323

 
895

Amortization of Prior Service Credit
(216
)
 
(57
)
 
(159
)
Defined Benefit Plans, Net
1,002

 
266

 
736

Other Comprehensive Income (Loss)
$
39,820

 
$
10,551

 
$
29,269

 
 
 
 
 
 
Nine Months Ended September 30, 2018
 

 
 

 
 

Net Unrealized Gains (Losses) on Investment Securities:
 

 
 

 
 

Net Unrealized Gains (Losses) Arising During the Period
$
(25,765
)
 
$
(6,812
)
 
$
(18,953
)
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
1,712

 
453

 
1,259

Net Unrealized Gains (Losses) on Investment Securities
(24,053
)
 
(6,359
)
 
(17,694
)
Defined Benefit Plans:
 

 
 

 
 

Amortization of Net Actuarial Losses (Gains)
1,309

 
346

 
963

Amortization of Prior Service Credit
(426
)
 
(111
)
 
(315
)
Defined Benefit Plans, Net
883

 
235

 
648

Other Comprehensive Income (Loss)
$
(23,170
)
 
$
(6,124
)
 
$
(17,046
)

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 nine months ended September 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 September 30, 2019
 
 
 
 
 
 
 
 
Balance at Beginning of Period
 
$
8,859

 
$
(764
)
 
$
(35,519
)
 
$
(27,424
)
Other Comprehensive Income (Loss) Before Reclassifications
 
5,376

 
—

 
—

 
5,376

Amounts Reclassified from Accumulated Other
        Comprehensive Income (Loss)
 
—

 
29

 
245

 
274

Total Other Comprehensive Income (Loss)
 
5,376

 
29

 
245

 
5,650

Balance at End of Period
 
$
14,235

 
$
(735
)
 
$
(35,274
)
 
$
(21,774
)
 
 
 
 
 
 
 
 
 
Three Months Ended September 30, 2018
 
 
 
 
 
 
 
 
Balance at Beginning of Period
 
$
(15,331
)
 
$
(5,272
)
 
$
(33,252
)
 
$
(53,855
)
Other Comprehensive Income (Loss) Before Reclassifications
 
(5,949
)
 
—

 
—

 
(5,949
)
Amounts Reclassified from Accumulated Other
        Comprehensive Income (Loss)
 
—

 
350

 
216

 
566

Total Other Comprehensive Income (Loss)
 
(5,949
)
 
350

 
216

 
(5,383
)
Balance at End of Period
 
$
(21,280
)
 
$
(4,922
)
 
$
(33,036
)
 
$
(59,238
)
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2019
 
 
 
 
 
 
 
 
Balance at Beginning of Period
 
$
(10,447
)
 
$
(4,586
)
 
$
(36,010
)
 
$
(51,043
)
Other Comprehensive Income (Loss) Before Reclassifications
 
27,987

 
—

 
—

 
27,987

Transfers
 
(3,259
)
 
3,259

 
—

 
—

Amounts Reclassified from Accumulated Other
        Comprehensive Income (Loss)
 
(46
)
 
592

 
736

 
1,282

Total Other Comprehensive Income (Loss)
 
24,682

 
3,851

 
736

 
29,269

Balance at End of Period
 
$
14,235

 
$
(735
)
 
$
(35,274
)
 
$
(21,774
)
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2018
 
 
 
 
 
 
 
 
Balance at Beginning of Period
 
$
(1,915
)
 
$
(5,085
)
 
$
(27,715
)
 
$
(34,715
)
Other Comprehensive Income (Loss) Before Reclassifications
 
(18,953
)
 
—

 
—

 
(18,953
)
Amounts Reclassified from Accumulated Other
        Comprehensive Income (Loss)
 
—

 
1,259

 
648

 
1,907

Total Other Comprehensive Income (Loss)
 
(18,953
)
 
1,259

 
648

 
(17,046
)
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
 
$
(21,280
)
 
$
(4,922
)
 
$
(33,036
)
 
$
(59,238
)
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 nine months ended September 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 September 30,
 
(dollars in thousands)
2019

2018

 
Amortization of Unrealized Holding Gains (Losses) on
     Investment Securities Held-to-Maturity
$
(39
)
$
(476
)
Interest Income
 
10

126

Provision for Income Tax
 
(29
)
(350
)
Net of Tax
 
 
 
 
Amortization of Defined Benefit Plan Items
 
 
 
Prior Service Credit 2
72

142

 
Net Actuarial Losses 2
(406
)
(437
)
 
 
(334
)
(295
)
Total Before Tax
 
89

79

Provision for Income Tax
 
(245
)
(216
)
Net of Tax
 
 
 
 
Total Reclassifications for the Period
$
(274
)
$
(566
)
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)
2019

2018

 
Amortization of Unrealized Holding Gains (Losses) on
     Investment Securities Held-to-Maturity
$
(804
)
$
(1,712
)
Interest Income
 
212

453

Provision for Income Tax
 
(592
)
(1,259
)
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
216

426

 
Net Actuarial Losses 2
(1,218
)
(1,309
)
 
 
(1,002
)
(883
)
Total Before Tax
 
266

235

Provision for Income Tax
 
(736
)
(648
)
Net of Tax
 
 
 
 
Total Reclassifications for the Period
$
(1,282
)
$
(1,907
)
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).