NOTE 17 – ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table summarizes the changes within each classification of AOCI, net of tax, for the three and six months ended June 30, 2018 and 2017:


(dollars in thousands)	Unrealized Gains and Losses on Available-for-Sale Securities			Unrealized Gains and Losses on Held-to-Maturity Securities			Gains and Losses on Cash Flow Hedges			Defined Benefit Pension Plans			Total
Three Months Ended June 30, 2018
Balance at beginning of period	$	(52,605	)	$	(9,737	)	$	1,126		$	(310	)	$	(61,526	)
Other comprehensive income (loss) before reclassifications		(5,615	)		—			1,143			—			(4,472	)
Amounts reclassified from AOCI to income (1)		(1,136	)		402			8			21			(705	)

Balance at end of period	$	(59,356	)	$	(9,335	)	$	2,277		$	(289	)	$	(66,703	)

Three Months Ended June 30, 2017
Balance at beginning of period	$	(29,992	)	$	(13,015	)	$	(5,240	)	$	(318	)	$	(48,565	)
Other comprehensive income (loss) before reclassifications		19,492			—			(1,480	)		—			18,012
Amounts reclassified from AOCI to income (1)		(1,957	)		298			1,075			17			(567	)

Balance at end of period	$	(12,457	)	$	(12,717	)	$	(5,645	)	$	(301	)	$	(31,120	)

Six Months Ended June 30, 2018
Balance at beginning of period	$	(35,557	)	$	(12,107	)	$	(2,337	)	$	(271	)	$	(50,272	)
Other comprehensive income (loss) before reclassifications		(14,486	)		4,514			4,587			—			(5,385	)
Amounts reclassified from AOCI to income (1)		(1,730	)		858			588			41			(243	)
Amount reclassified from AOCI to retained earnings for cumulative effect of change in accounting principle (2)		—			—			(52	)		—			(52	)
Amounts reclassified from AOCI to retained earnings related to the Tax Cuts and Jobs Act of 2017 (3)		(7,583	)		(2,600	)		(509	)		(59	)		(10,751	)

Balance at end of period	$	(59,356	)	$	(9,335	)	$	2,277		$	(289	)	$	(66,703	)

Six Months Ended June 30, 2017
Balance at beginning of period	$	(39,012	)	$	(13,310	)	$	(6,715	)	$	(335	)	$	(59,372	)
Other comprehensive income (loss) before reclassifications		29,459			—			(1,120	)		—			28,339
Amounts reclassified from AOCI to income (1)		(2,904	)		593			2,190			34			(87	)

Balance at end of period	$	(12,457	)	$	(12,717	)	$	(5,645	)	$	(301	)	$	(31,120	)

(1)	See table below for details about reclassifications to income.

(2)	See Note 3 for details about reclassification from AOCI to beginning retained earnings resulting from the adoption of ASU 2017-12.

(3)	See Note 3 for details about reclassification from AOCI to beginning retained earnings resulting from the adoption of ASU 2018-02.

The following table summarizes the significant amounts reclassified out of each component of AOCI for the three months ended June 30, 2018 and 2017:


Details about AOCI Components	Amount Reclassified from AOCI						Affected Line Item in the Statement of Income
	Three Months Ended June 30,
(dollars in thousands)	2018			2017
Unrealized gains and losses on available-for-sale securities	$	1,494		$	3,075		Net securities gains
		(358	)		(1,118	)	Income tax (expense) benefit

	$	1,136		$	1,957		Net income

Unrealized gains and losses on held-to-maturity securities	$	(521	)	$	(453	)	Interest income (expense)
		119			155		Income tax (expense) benefit

	$	(402	)	$	(298	)	Net income

Gains and losses on cash flow hedges Interest rate contracts	$	(10	)	$	(1,734	)	Interest income (expense)
		2			659		Income tax (expense) benefit

	$	(8	)	$	(1,075	)	Net income

Amortization of defined benefit pension items Actuarial gains (losses)	$	(27	)	$	(27	)	Salaries and employee benefits
		6			10		Income tax (expense) benefit

	$	(21	)	$	(17	)	Net income

Total reclassifications for the period	$	705		$	567		Net income

The following table summarizes the significant amounts reclassified out of each component of AOCI for the six months ended June 30, 2018 and 2017:


Details about AOCI Components	Amount Reclassified from AOCI						Affected Line Item in the Statement of Income
	Six Months Ended June 30,
(dollars in thousands)	2018			2017
Unrealized gains and losses on available-for-sale securities	$	2,282		$	4,575		Net securities gains
		(552	)		(1,671	)	Income tax (expense) benefit

	$	1,730		$	2,904		Net income

Unrealized gains and losses on held-to-maturity securities	$	(1,112	)	$	(902	)	Interest income/(expense)
		254			309		Income tax (expense) benefit

	$	(858	)	$	(593	)	Net income

Gains and losses on cash flow hedges Interest rate contracts	$	(779	)	$	(3,533	)	Interest income/(expense)
		191			1,343		Income tax (expense) benefit

	$	(588	)	$	(2,190	)	Net income

Amortization of defined benefit pension items Actuarial gains/(losses)	$	(54	)	$	(54	)	Salaries and employee benefits
		13			20		Income tax (expense) benefit

	$	(41	)	$	(34	)	Net income

Total reclassifications for the period	$	243		$	87		Net income