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Other Comprehensive Income (Tables)
3 Months Ended
Mar. 31, 2015
Equity [Abstract]  
Activity in Other Comprehensive Income
The following table presents the activity in other comprehensive income:
 
 
 
 
 
 
 
 
Three months ended March 31,
2015
 
2014
(Dollars in thousands)
Pre-tax Amounts
Income Taxes
Net of Tax
 
Pre-tax Amounts
Income Taxes
Net of Tax
Securities available for sale:
 
 
 
 
 
 
 
Net change in fair value of securities available for sale
1,053

389

664

 
964

352

612

Cash flow hedges:
 
 
 
 
 
 
 
Change in fair value of cash flow hedges
(32
)
(24
)
(8
)
 
(43
)
(27
)
(16
)
Net cash flow hedge losses reclassified into earnings (1)
145

52

93

 
145

53

92

Net change in fair value of cash flow hedges
113

28

85

 
102

26

76

Defined benefit plan obligation adjustment (2)
367

132

235

 
88


88

Total other comprehensive income

$1,533


$549


$984

 

$1,154


$378


$776


(1)
Included in interest expense on junior subordinated debentures in the Consolidated Statements of Income.
(2)
Included in salaries and employee benefits expense in the Consolidated Statements of Income.

Components of Accumulated Other Comprehensive Income
The following tables present the changes in accumulated other comprehensive income (loss) by component, net of tax:

(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, 2014

$4,110

 

$112

 

($287
)
 

($12,744
)
 

($8,809
)
Other comprehensive income (loss) before reclassifications
664

 

 
(8
)
 

 
656

Amounts reclassified from accumulated other comprehensive income

 

 
93

 
235

 
328

Net other comprehensive income
664

 

 
85

 
235

 
984

Balance at March 31, 2015

$4,774

 

$112

 

($202
)
 

($12,509
)
 

($7,825
)



(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
612

 

 
(16
)
 

 
596

Amounts reclassified from accumulated other comprehensive income

 

 
92

 
88

 
180

Net other comprehensive income
612

 

 
76

 
88

 
776

Balance at March 31, 2014

$3,701

 

$112

 

($542
)
 

($4,048
)
 

($777
)