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Other Comprehensive Income (Loss)
 6 Months Ended
Jun. 30, 2016
Equity [Abstract]  
Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss)
The following tables present the activity in other comprehensive income (loss):
 
 
 
 
 
 
 
 
Three months ended June 30,
2016
 
2015
(Dollars in thousands)
Pre-tax Amounts
Income Taxes
Net of Tax
 
Pre-tax Amounts
Income Taxes
Net of Tax
Net change in fair value of securities available for sale

$2,187


$809


$1,378

 

($2,614
)

($913
)

($1,701
)
Cash flow hedges:
 
 
 
 
 
 
 
Change in fair value of cash flow hedges
10

34

(24
)
 
26

27

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

—

—

 
141

51

90

Net change in fair value of cash flow hedges
10

34

(24
)
 
167

78

89

Defined benefit plan obligation adjustment (2)
263

98

165

 
368

14

354

Total other comprehensive income (loss)

$2,460


$941


$1,519

 

($2,079
)

($821
)

($1,258
)
(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,
2016
 
2015
(Dollars in thousands)
Pre-tax Amounts
Income Taxes
Net of Tax
 
Pre-tax Amounts
Income Taxes
Net of Tax
Net change in fair value of securities available for sale

$2,765


$1,023


$1,742

 

($1,562
)

($525
)

($1,037
)
Cash flow hedges:
 
 
 
 
 
 
 
Change in fair value of cash flow hedges
(114
)
(24
)
(90
)
 
(6
)
3

(9
)
Net cash flow hedge losses reclassified into earnings (1)
—

—

—

 
286

103

183

Net change in fair value of cash flow hedges
(114
)
(24
)
(90
)
 
280

106

174

Defined benefit plan obligation adjustment (2)
526

195

331

 
735

146

589

Total other comprehensive income (loss)

$3,177


$1,194


$1,983

 

($547
)

($273
)

($274
)

(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
1,742

 
(90
)
 
—

 
1,652

Amounts reclassified from accumulated other comprehensive income
—

 
—

 
331

 
331

Net other comprehensive income (loss)
1,742

 
(90
)
 
331

 
1,983

Balance at June 30, 2016

$2,793

 

($133
)
 

($10,376
)
 

($7,716
)


(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
(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
)