ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

6 Months Ended

Jun. 30, 2020

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

13. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following tables present the components of other comprehensive income for the three and six months ended June 30, 2020 and 2019, by component:

(dollars in thousands)	Before Tax		Tax Effect		Net of Tax
Three Months Ended June 30, 2020
Net unrealized gains on investment securities:
Net unrealized gains arising during the period	$	8,570	$	2,295	$	6,275
Less: Reclassification adjustments from AOCI realized in net income	—		—		—
Net unrealized gains on investment securities	8,570		2,295		6,275
Defined benefit plans:
Amortization of net actuarial loss	269		70		199
Amortization of net transition obligation	4		1		3
Amortization of prior service cost	3		1		2
Defined benefit plans, net	276		72		204
Other comprehensive income	$	8,846	$	2,367	$	6,479

(dollars in thousands)	Before Tax		Tax Effect		Net of Tax
Three Months Ended June 30, 2019
Net unrealized gains on investment securities:
Net unrealized gains arising during the period	$	16,620	$	4,455	$	12,165
Less: Reclassification adjustments from AOCI realized in net income	—		—		—
Net unrealized gains on investment securities	16,620		4,455		12,165
Defined benefit plans:
Amortization of net actuarial loss	264		22		242
Amortization of net transition obligation	4		1		3
Amortization of prior service cost	4		1		3
Defined benefit plans, net	272		24		248
Other comprehensive income	$	16,892	$	4,479	$	12,413

(dollars in thousands)	Before Tax		Tax Effect		Net of Tax
Six Months Ended June 30, 2020
Net unrealized gains on investment securities:
Net unrealized gains arising during the period	$	22,428	$	6,006	$	16,422
Less: Reclassification adjustments from AOCI realized in net income	—		—		—
Net unrealized gains on investment securities	22,428		6,006		16,422
Defined benefit plans:
Net actuarial gains arising during the period	427		114		313
Amortization of net actuarial loss	537		142		395
Amortization of net transition obligation	9		2		7
Amortization of prior service cost	7		2		5
Defined benefit plans, net	980		260		720
Other comprehensive income	$	23,408	$	6,266	$	17,142

(dollars in thousands)	Before Tax		Tax Effect		Net of Tax
Six Months Ended June 30, 2019
Net unrealized gains on investment securities:
Net unrealized gains arising during the period	$	31,644	$	8,483	$	23,161
Less: Reclassification adjustments from AOCI realized in net income	—		—		—
Net unrealized gains on investment securities	31,644		8,483		23,161
Defined benefit plans:
Amortization of net actuarial loss	527		51		476
Amortization of net transition obligation	9		2		7
Amortization of prior service cost	9		2		7
Defined benefit plans, net	545		55		490
Other comprehensive income	$	32,189	$	8,538	$	23,651

The following tables present the changes in each component of AOCI, net of tax, for the three and six months ended June 30, 2020 and 2019:

(dollars in thousands)	Investment Securities		Defined Benefit Plans		AOCI
Three Months Ended June 30, 2020
Balance at beginning of period	$	24,972	$	(5,900)	$	19,072
Other comprehensive income before reclassifications	6,275		—		6,275
Reclassification adjustments from AOCI	—		204		204
Total other comprehensive income	6,275		204		6,479
Balance at end of period	$	31,247	$	(5,696)	$	25,551

(dollars in thousands)	Investment Securities		Defined Benefit Plans		AOCI
Three Months Ended June 30, 2019
Balance at beginning of period	$	(1,747)	$	(6,208)	$	(7,955)
Other comprehensive loss before reclassifications	12,165		—		12,165
Reclassification adjustments from AOCI	—		248		248
Total other comprehensive income	12,165		248		12,413
Balance at end of period	$	10,418	$	(5,960)	$	4,458

(dollars in thousands)	Investment Securities		Defined Benefit Plans		AOCI
Six Months Ended June 30, 2020
Balance at beginning of period	$	14,825	$	(6,416)	$	8,409
Other comprehensive income before reclassifications	16,422		313		16,735
Reclassification adjustments from AOCI	—		407		407
Total other comprehensive income	16,422		720		17,142
Balance at end of period	$	31,247	$	(5,696)	$	25,551

(dollars in thousands)	Investment Securities		Defined Benefit Plans		AOCI
Six Months Ended June 30, 2019
Balance at beginning of period	$	(9,643)	$	(6,450)	$	(16,093)
Impact of the adoption of new accounting standards	(3,100)		—		(3,100)
Adjusted balance at beginning of period	(12,743)		(6,450)		(19,193)
Other comprehensive loss before reclassifications	23,161		—		23,161
Reclassification adjustments from AOCI	—		490		490
Total other comprehensive income (loss)	23,161		490		23,651
Balance at end of period	$	10,418	$	(5,960)	$	4,458

The following table presents the amounts reclassified out of each component of AOCI for the three and six months ended June 30, 2020 and 2019:

	Amount Reclassified from AOCI				Affected Line Item in the Statement Where Net Income is Presented
Details about AOCI Components	Three months ended June 30,
(dollars in thousands)	2020		2019
Defined benefit retirement and supplemental executive retirement plan items:
Amortization of net actuarial loss	$	(269)	$	(264)	Salaries and employee benefits
Amortization of net transition obligation	(4)		(4)		Salaries and employee benefits
Amortization of prior service cost	(3)		(4)		Salaries and employee benefits
Total before tax	(276)		(272)
Tax effect	72		24		Income tax benefit (expense)
Net of tax	$	(204)	$	(248)
Total reclassification adjustments from AOCI for the period, net of tax	$	(204)	$	(248)

	Amount Reclassified from AOCI				Affected Line Item in the Statement Where Net Income is Presented
Details about AOCI Components	Six months ended June 30,
(dollars in thousands)	2020		2019
Defined benefit retirement and supplemental executive retirement plan items:
Amortization of net actuarial loss	$	(537)	$	(527)	Salaries and employee benefits
Amortization of net transition obligation	(9)		(9)		Salaries and employee benefits
Amortization of prior service cost	(7)		(9)		Salaries and employee benefits
Settlement	—		—		Salaries and employee benefits
Total before tax	(553)		(545)
Tax effect	146		55		Income tax benefit (expense)
Net of tax	$	(407)	$	(490)
Total reclassification adjustments from AOCI for the period, net of tax	$	(407)	$	(490)