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Other Comprehensive Income (Loss)
 6 Months Ended
Jun. 30, 2015
Equity [Abstract]  
Other Comprehensive Income
Other Comprehensive Income (Loss)
The following tables present the activity in other comprehensive income (loss):
 
 
 
 
 
 
 
 
Three months ended June 30,
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

($2,614
)

($913
)

($1,701
)
 

$2,837


$1,020


$1,817

Cash flow hedges:
 
 
 
 
 
 
 
Change in fair value of cash flow hedges
26

27

(1
)
 
19

33

(14
)
Net cash flow hedge losses reclassified into earnings (1)
141

51

90

 
145

52

93

Net change in fair value of cash flow hedges
167

78

89

 
164

85

79

Defined benefit plan obligation adjustment (2)
368

14

354

 
127

46

81

Total other comprehensive (loss) income

($2,079
)

($821
)

($1,258
)
 

$3,128


$1,151


$1,977

(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.

Six months ended June 30,
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

($1,562
)

($525
)

($1,037
)
 

$3,801


$1,372


$2,429

Cash flow hedges:
 
 
 
 
 
 
 
Change in fair value of cash flow hedges
(6
)
3

(9
)
 
(24
)
6

(30
)
Net cash flow hedge losses reclassified into earnings (1)
286

103

183

 
290

105

185

Net change in fair value of cash flow hedges
280

106

174

 
266

111

155

Defined benefit plan obligation adjustment (2)
735

146

589

 
254

85

169

Total other comprehensive (loss) income

($547
)

($273
)

($274
)
 

$4,321


$1,568


$2,753


(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.


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
 
Net Unrealized Losses on Cash Flow Hedges
 
Pension Benefit Adjustment
 
Total
Balance at December 31, 2014

$4,222

 

($287
)
 

($12,744
)
 

($8,809
)
Other comprehensive income (loss) before reclassifications
(1,037
)
 
(9
)
 
—

 
(1,046
)
Amounts reclassified from accumulated other comprehensive income
—

 
183

 
589

 
772

Net other comprehensive (loss) income
(1,037
)
 
174

 
589

 
(274
)
Balance at June 30, 2015

$3,185

 

($113
)
 

($12,155
)
 

($9,083
)



(Dollars in thousands)
Net Unrealized Gains on Available For Sale Securities
 
Net Unrealized Losses on Cash Flow Hedges
 
Pension Benefit Adjustment
 
Total
Balance at December 31, 2013

$3,201

 

($618
)
 

($4,136
)
 

($1,553
)
Other comprehensive income (loss) before reclassifications
2,429

 
(30
)
 
—

 
2,399

Amounts reclassified from accumulated other comprehensive income
—

 
185

 
169

 
354

Net other comprehensive income
2,429

 
155

 
169

 
2,753

Balance at June 30, 2014

$5,630

 

($463
)
 

($3,967
)
 

$1,200