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Other Comprehensive Income
9 Months Ended
Sep. 30, 2017
Equity [Abstract]  
OTHER COMPREHENSIVE INCOME
The following table presents the change in components of other comprehensive income (loss) for the periods presented, net of tax effects.
 
Three Months Ended September 30, 2017
 
Three months ended September 30, 2016
(dollars in thousands)
Pre-Tax
Amount

 
Tax
(Expense)
Benefit

 
Net of Tax
Amount

 
Pre-Tax
Amount

 
Tax
(Expense)
Benefit

 
Net of Tax
Amount

Change in net unrealized gains/(losses) on securities available-for-sale
$
(148
)
 
$
52

 
$
(96
)
 
$
(1,921
)
 
$
672

 
$
(1,249
)
Reclassification adjustment for net (gains)/losses on securities available-for-sale included in net income (1)

 

 

 

 

 

Adjustment to funded status of employee benefit plans
539

 
(189
)
 
350

 
544

 
(190
)
 
354

Other Comprehensive Income/(Loss)
$
391

 
$
(137
)
 
$
254

 
$
(1,377
)
 
$
482

 
$
(895
)
(1) Reclassification adjustments are comprised of realized security gains or losses. The realized gains or losses have been reclassified out of accumulated other comprehensive income/(loss) and have affected certain lines in the Consolidated Statements of Comprehensive Income as follows; the pre-tax amount is included in securities gains/losses-net, the tax expense amount is included in the provision for income taxes and the net of tax amount is included in net income.
 
 
 
 
 
Nine Months Ended September 30, 2017
 
Nine Months Ended September 30, 2016
(dollars in thousands)
Pre-Tax
Amount

 
Tax
(Expense)
Benefit

 
Net of Tax
Amount

 
Pre-Tax
Amount

 
Tax
(Expense)
Benefit

 
Net of Tax
Amount

Change in net unrealized gains/(losses) on securities available-for-sale
$
4,186

 
$
(1,470
)
 
$
2,716

 
$
11,748

 
$
(4,112
)
 
$
7,636

Reclassification adjustment for net (gains)/losses on securities available-for-sale included in net income (1)
(3,987
)
 
1,400

 
(2,587
)
 

 

 

Adjustment to funded status of employee benefit plans
1,617

 
(566
)
 
1,051

 
4,889

 
(1,711
)
 
3,178

Other Comprehensive Income
$
1,816

 
$
(636
)
 
$
1,180

 
$
16,637

 
$
(5,823
)
 
$
10,814

(1) Reclassification adjustments are comprised of realized security gains or losses. The realized gains or losses have been reclassified out of accumulated other comprehensive income/(loss) and have affected certain lines in the Consolidated Statement of Comprehensive Income as follows; the pre-tax amount is included in securities gains/losses-net, the tax expense amount is included in the provision for income taxes and the net of tax amount is included in net income.