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Other Comprehensive Income (Tables)
 9 Months Ended
Sep. 30, 2014
Equity [Abstract]  
Activity in Other Comprehensive Income
The following tables present the activity in other comprehensive income for the periods indicated:
Three months ended September 30,
2014
 
2013
(Dollars in thousands)
Pre-tax Amounts
Income Taxes
Net of Tax
 
Pre-tax Amounts
Income Taxes
Net of Tax
Securities available for sale:
 
 
 
 
 
 
 
Changes in fair value of securities available for sale

($1,489
)

($536
)

($953
)
 

($202
)

($73
)

($129
)
Net losses (gains) on securities reclassified into earnings (1)
—

—

—

 
—

—

—

Net change in fair value of securities available for sale
(1,489
)
(536
)
(953
)
 
(202
)
(73
)
(129
)
Cash flow hedges:
 
 
 
 
 
 
 
Change in fair value of cash flow hedges
(10
)
(11
)
1

 
(72
)
(25
)
(47
)
Net cash flow hedge losses reclassified into earnings (3)
145

53

92

 
141

50

91

Net change in fair value of cash flow hedges
135

42

93

 
69

25

44

Defined benefit plan obligation adjustment (4)
126

45

81

 
17,842

6,402

11,440

Total other comprehensive (loss) income

($1,228
)

($449
)

($779
)
 

$17,709


$6,354


$11,355



Nine months ended September 30,
2014
 
2013
(Dollars in thousands)
Pre-tax Amounts
Income Taxes
Net of Tax
 
Pre-tax Amounts
Income Taxes
Net of Tax
Securities available for sale:
 
 
 
 
 
 
 
Changes in fair value of securities available for sale

$2,312


$836


$1,476

 

($7,771
)

($2,768
)

($5,003
)
Net losses on securities reclassified into earnings (1)
—

—

—

 
613

220

393

Net change in fair value of securities available for sale
2,312

836

1,476

 
(7,158
)
(2,548
)
(4,610
)
Reclassification adjustment for other-than-temporary impairment losses transferred into earnings (2)
—

—

—

 
2,159

775

1,384

Cash flow hedges:
 
 
 
 
 
 
 
Change in fair value of cash flow hedges
(34
)
(5
)
(29
)
 
(27
)
(12
)
(15
)
Net cash flow hedge losses reclassified into earnings (3)
434

157

277

 
515

184

331

Net change in fair value of cash flow hedges
400

152

248

 
488

172

316

Defined benefit plan obligation adjustment (4)
380

130

250

 
18,751

6,682

12,069

Total other comprehensive income

$3,092


$1,118


$1,974

 

$14,240


$5,081


$9,159


(1)
Reported as total other-than-temporary impairment losses on securities in the Consolidated Statements of Income.
(2)
Reported as the portion of loss recognized in other comprehensive income in the Consolidated Statements of Income.
(3)
Included in interest expense on junior subordinated debentures in the Consolidated Statements of Income.
(4)
Included in salaries and employee benefits expense in the Consolidated Statements of Income.
Components of Accumulated Other Comprehensive Income
The following table presents the changes in accumulated other comprehensive income (loss) by component, net of tax, for the nine months ended September 30, 2014:
(Dollars in thousands)
Net Unrealized Gains on Available For Sale Securities
 
Noncredit -related Impairment
 
Net Unrealized Losses on Cash Flow Hedges
 
Pension Benefit Adjustment
 
Total
Balance at December 31, 2013

$3,089

 

$112

 

($618
)
 

($4,136
)
 

($1,553
)
Other comprehensive income (loss) before reclassifications
1,476

 
—

 
(29
)
 
—

 
1,447

Amounts reclassified from accumulated other comprehensive income
—

 
—

 
277

 
250

 
527

Net other comprehensive income
1,476

 
—

 
248

 
250

 
1,974

Balance at September 30, 2014

$4,565

 

$112

 

($370
)
 

($3,886
)
 

$421



The following table presents the changes in accumulated other comprehensive income (loss) by component, net of tax, for the nine months ended September 30, 2013:
(Dollars in thousands)
Net Unrealized Gains on Available For Sale Securities
 
Noncredit -related Impairment
 
Net Unrealized Losses on Cash Flow Hedges
 
Pension Benefit Adjustment
 
Total
Balance at December 31, 2012

$9,709

 

($1,937
)
 

($1,006
)
 

($17,265
)
 

($10,499
)
Other comprehensive loss before reclassifications
(5,003
)
 
—

 
(15
)
 
—

 
(5,018
)
Amounts reclassified from accumulated other comprehensive income
393

 
1,384

 
331

 
12,069

 
14,177

Net other comprehensive (loss) income
(4,610
)
 
1,384

 
316

 
12,069

 
9,159

Balance at September 30, 2013

$5,099

 

($553
)
 

($690
)
 

($5,196
)
 

($1,340
)