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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 6 Months Ended
Jun. 30, 2016
Equity [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Shareholders’ equity is affected by transactions and valuations of asset and liability positions that require adjustments to accumulated other comprehensive income (loss).  The related tax effects allocated to other comprehensive income and reclassifications out of accumulated other comprehensive income (loss) are as follows
 
Three months ended June 30, 2016
 
Total other comprehensive income
 
Total accumulated
other comprehensive income
(Dollars in thousands)
Prior to
Reclassification
 
Reclassification
from
 
Pre-tax
 
Tax-effect
 
Net of tax
 
Beginning Balance
 
Net Activity
 
Ending Balance
Unrealized gain (loss) on investment securities
$
7,877

 
$
(188
)
 
$
8,065

 
$
(2,873
)
 
$
5,192

 
$
2,110

 
$
5,192

 
$
7,302

Unrealized gain (loss) on derivatives
203

 
0

 
203

 
(75
)
 
128

 
(1,471
)
 
128

 
(1,343
)
Retirement obligation
0

 
(317
)
 
317

 
(116
)
 
201

 
(23,848
)
 
201

 
(23,647
)
Foreign currency translation
0

 
0

 
0

 
0

 
0

 
0

 
0

 
0

Total
$
8,080

 
$
(505
)
 
$
8,585

 
$
(3,064
)
 
$
5,521

 
$
(23,209
)
 
$
5,521

 
$
(17,688
)
 
Three months ended June 30, 2015
 
Total other comprehensive income
 
Total accumulated
other comprehensive income
(Dollars in thousands)
Prior to
Reclassification
 
Reclassification
from
 
Pre-tax
 
Tax-effect
 
Net of tax
 
Beginning Balance
 
Net Activity
 
Ending Balance
Unrealized gain (loss) on investment securities
$
(4,802
)
 
$
1,094

 
$
(5,896
)
 
$
2,118

 
$
(3,778
)
 
$
2,502

 
$
(3,778
)
 
$
(1,276
)
Unrealized gain (loss) on derivatives
(132
)
 
0

 
(132
)
 
49

 
(83
)
 
(1,765
)
 
(83
)
 
(1,848
)
Retirement obligation
0

 
(350
)
 
350

 
(129
)
 
221

 
(17,721
)
 
221

 
(17,500
)
Foreign currency translation
(21
)
 
0

 
(21
)
 
0

 
(21
)
 
(70
)
 
(21
)
 
(91
)
Total
$
(4,955
)
 
$
744

 
$
(5,699
)
 
$
2,038

 
$
(3,661
)
 
$
(17,054
)
 
$
(3,661
)
 
$
(20,715
)
 
Six months ended June 30, 2016
 
Total other comprehensive income
 
Total accumulated
other comprehensive income (loss)
(Dollars in thousands)
Prior to
Reclassification
 
Reclassification
from
 
Pre-tax
 
Tax-effect
 
Net of tax
 
Beginning Balance
 
Net Activity
 
Ending Balance
Unrealized gain (loss) on investment securities
$
18,852

 
$
(164
)
 
$
19,016

 
$
(6,781
)
 
$
12,235

 
$
(4,933
)
 
$
12,235

 
$
7,302

Unrealized gain (loss) on derivatives
405

 
0

 
405

 
(149
)
 
256

 
(1,599
)
 
256

 
(1,343
)
Retirement obligation
0

 
(634
)
 
634

 
(233
)
 
401

 
(24,048
)
 
401

 
(23,647
)
Total
$
19,257

 
$
(798
)
 
$
20,055

 
$
(7,163
)
 
$
12,892

 
$
(30,580
)
 
$
12,892

 
$
(17,688
)
 
Six months ended June 30, 2015
 
Total other comprehensive income
 
Total accumulated
other comprehensive income (loss)
(Dollars in thousands)
Prior to
Reclassification
 
Reclassification
from
 
Pre-tax
 
Tax-effect
 
Net of tax
 
Beginning Balance
 
Net Activity
 
Ending Balance
Unrealized gain (loss) on investment securities
$
3,006

 
$
1,094

 
$
1,912

 
$
(682
)
 
$
1,230

 
$
(2,506
)
 
$
1,230

 
$
(1,276
)
Unrealized gain (loss) on derivatives
(1,425
)
 
0

 
(1,425
)
 
526

 
(899
)
 
(949
)
 
(899
)
 
(1,848
)
Retirement obligation
0

 
(700
)
 
700

 
(296
)
 
404

 
(17,904
)
 
404

 
(17,500
)
Foreign currency translation
(41
)
 
0

 
(41
)
 
0

 
(41
)
 
(50
)
 
(41
)
 
(91
)
Total
$
1,540

 
$
394

 
$
1,146

 
$
(452
)
 
$
694

 
$
(21,409
)
 
$
694

 
$
(20,715
)


The following table presents the activity reclassified from accumulated other comprehensive income into income during the three and six month periods ended June 30, 2016 and 2015, respectively:
 
 
Amount reclassified from
accumulated other comprehensive income (1)
 
 
 
 
Three months ended
 
Six months ended
 
 
 
 
June 30,
 
June 30,
 
 
(Dollars in thousands)
 
2016
 
2015
 
2016
 
2015
 
Affected Line Item in the Consolidated Statements of Income
Realized gains and losses on securities available-for-sale
 
$
(188
)
 
$
1,094

 
$
(164
)
 
$
1,094

 
Gains on sales of investments securities
Defined benefit pension plan
 
 
 
 
 
 
 
 
Amortization of prior service cost (2)
 
104

 
100

 
207

 
200

 
Salaries and employee benefits
Recognized net actuarial loss (2)
 
(421
)
 
(450
)
 
(841
)
 
(900
)
 
Salaries and employee benefits
Defined benefit pension plan total
 
(317
)
 
(350
)
 
(634
)
 
(700
)
 
 
Total reclassifications for the period, before tax
 
$
(505
)
 
$
744

 
$
(798
)
 
$
394

 
 
(1) Negative amounts are reductions to net income.
(2) Included in the computation of net periodic pension cost (see Note 12 - Employee Benefit Plans for additional details).