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Other Comprehensive Income (Loss)
 3 Months Ended
Mar. 31, 2016
Equity [Abstract]  
Other Comprehensive Income
Other Comprehensive Income (Loss)
The following table presents the activity in other comprehensive income (loss):
 
 
 
 
 
 
 
 
Three months ended March 31,
2016
 
2015
(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

$578


$214


$364

 

$1,053


$389


$664

Cash flow hedges:
 
 
 
 
 
 
 
Change in fair value of cash flow hedges
(124
)
(58
)
(66
)
 
(32
)
(24
)
(8
)
Net cash flow hedge losses reclassified into earnings (1)
—

—

—

 
145

52

93

Net change in fair value of cash flow hedges
(124
)
(58
)
(66
)
 
113

28

85

Defined benefit plan obligation adjustment (2)
263

97

166

 
367

132

235

Total other comprehensive income

$717


$253


$464

 

$1,533


$549


$984

(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, 2015

$1,051

 

($43
)
 

($10,707
)
 

($9,699
)
Other comprehensive income (loss) before reclassifications
364

 
(66
)
 
—

 
298

Amounts reclassified from accumulated other comprehensive income
—

 
—

 
166

 
166

Net other comprehensive income (loss)
364

 
(66
)
 
166

 
464

Balance at March 31, 2016

$1,415

 

($109
)
 

($10,541
)
 

($9,235
)



(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
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

$4,886

 

($202
)
 

($12,509
)
 

($7,825
)