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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 3 Months Ended
Mar. 31, 2019
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 March 31, 2019
 
 
Total other comprehensive income
 
Total accumulated
other comprehensive income (loss)
(Dollars in thousands)
 
Prior to
reclass
 
Reclass
from
 
Pre-tax
 
Tax effect
 
Net of tax
 
Beginning balance
 
Net activity
 
Cumulative effect of new standard
 
Ending balance
Unrealized gain (loss) on debt securities
 
$
29,725

 
$
(178
)
 
$
29,903

 
$
(6,398
)
 
$
23,505

 
$
(11,601
)
 
$
23,505

 
$
906

 
$
12,810

Unrealized gain (loss) on derivatives
 
93

 
0

 
93

 
(21
)
 
72

 
(217
)
 
72

 
0

 
(145
)
Retirement obligation
 
0

 
(375
)
 
375

 
(85
)
 
290

 
(32,590
)
 
290

 
0

 
(32,300
)
Total
 
$
29,818

 
$
(553
)
 
$
30,371

 
$
(6,504
)
 
$
23,867

 
$
(44,408
)
 
$
23,867

 
$
906

 
$
(19,635
)
 
 
Three months ended March 31, 2018
 
 
Total other comprehensive income
 
Total accumulated
other comprehensive income (loss)
(Dollars in thousands)
 
Prior to
reclass
 
Reclass
from
 
Pre-tax
 
Tax effect
 
Net of tax
 
Beginning balance
 
Net activity
 
Cumulative effect of new standard
 
Ending balance
Unrealized gain (loss) on debt securities
 
$
(12,536
)
 
$
0

 
$
(12,536
)
 
$
2,706

 
$
(9,830
)
 
$
(182
)
 
$
(9,830
)
 
$
(190
)
 
$
(10,202
)
Unrealized gain (loss) on derivatives
 
202

 
0

 
202

 
(46
)
 
156

 
(577
)
 
156

 
(124
)
 
(545
)
Retirement obligation
 
0

 
(419
)
 
419

 
(96
)
 
323

 
(19,631
)
 
323

 
(4,779
)
 
(24,087
)
Total
 
$
(12,334
)
 
$
(419
)
 
$
(11,915
)
 
$
2,564

 
$
(9,351
)
 
$
(20,390
)
 
$
(9,351
)
 
$
(5,093
)
 
$
(34,834
)


The following table presents the activity reclassified from accumulated other comprehensive income into income during the three month periods ended March 31, 2019 and 2018, respectively:
 
 
Amount reclassified from
accumulated other comprehensive income (1)
 
 
 
 
Three months ended
 
 
 
 
March 31,
 
 
(Dollars in thousands)
 
2019
 
2018
 
Affected Line Item in the Consolidated Statements of Income
Realized gain (loss) on securities available-for-sale
 
$
(178
)
 
$
0

 
Net gain (loss) on sales of investments securities
Defined benefit pension plan
 
 
 
 
 
Amortization of prior service cost (2)
 
100

 
103

 
Other noninterest expense
Recognized net actuarial loss (2)
 
(475
)
 
(522
)
 
Other noninterest expense
Defined benefit pension plan total
 
(375
)
 
(419
)
 
 
Total reclassifications for the period, before tax
 
$
(553
)
 
$
(419
)
 
 
(1) Negative amounts are reductions to net income.
(2) Included in the computation of net periodic pension cost (see Note 13 - Employee Benefit Plans for additional details).