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Other Comprehensive Income (Loss) (Tables)
 9 Months Ended
Sep. 30, 2015
Equity [Abstract]  
Activity in Other Comprehensive Income (Loss)
The following tables present the activity in other comprehensive income (loss):
 
 
 
 
 
 
 
 
Three months ended September 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

$543


$199


$344

 

($1,489
)

($536
)

($953
)
Cash flow hedges:
 
 
 
 
 
 
 
Change in fair value of cash flow hedges
(15
)
(14
)
(1
)
 
(10
)
(11
)
1

Net cash flow hedge losses reclassified into earnings (1)
132

50

82

 
145

53

92

Net change in fair value of cash flow hedges
117

36

81

 
135

42

93

Defined benefit plan obligation adjustment (2)
367

134

233

 
126

45

81

Total other comprehensive income (loss)

$1,027


$369


$658

 

($1,228
)

($449
)

($779
)
(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.

Nine months ended September 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

($1,018
)

($325
)

($693
)
 

$2,312


$836


$1,476

Cash flow hedges:
 
 
 
 
 
 
 
Change in fair value of cash flow hedges
(21
)
(11
)
(10
)
 
(34
)
(5
)
(29
)
Net cash flow hedge losses reclassified into earnings (1)
418

153

265

 
434

157

277

Net change in fair value of cash flow hedges
397

142

255

 
400

152

248

Defined benefit plan obligation adjustment (2)
1,102

280

822

 
380

130

250

Total other comprehensive income

$481


$97


$384

 

$3,092


$1,118


$1,974


(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 (Loss)
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 loss before reclassifications
(693
)
 
(10
)
 
—

 
(703
)
Amounts reclassified from accumulated other comprehensive income
—

 
265

 
822

 
1,087

Net other comprehensive (loss) income
(693
)
 
255

 
822

 
384

Balance at September 30, 2015

$3,529

 

($32
)
 

($11,922
)
 

($8,425
)



(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
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

$4,677

 

($370
)
 

($3,886
)
 

$421