XML 45 R34.htm IDEA: XBRL DOCUMENT v3.5.0.2
Other Comprehensive Income (Loss) (Tables)
 9 Months Ended
Sep. 30, 2016
Equity [Abstract]  
Activity in Other Comprehensive Income (Loss)
The following tables present the activity in other comprehensive income (loss):
 
 
 
 
 
 
 
 
Three months ended September 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

($144
)

($53
)

($91
)
 

$543


$199


$344

Cash flow hedges:
 
 
 
 
 
 
 
Change in fair value of cash flow hedges
(15
)
(11
)
(4
)
 
(15
)
(14
)
(1
)
Net cash flow hedge losses reclassified into earnings (1)
—

—

—

 
132

50

82

Net change in fair value of cash flow hedges
(15
)
(11
)
(4
)
 
117

36

81

Defined benefit plan obligation adjustment (2)
263

97

166

 
367

134

233

Total other comprehensive income (loss)

$104


$33


$71

 

$1,027


$369


$658

(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,
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

$2,621


$970


$1,651

 

($1,018
)

($325
)

($693
)
Cash flow hedges:
 
 
 
 
 
 
 
Change in fair value of cash flow hedges
(129
)
(35
)
(94
)
 
(21
)
(11
)
(10
)
Net cash flow hedge losses reclassified into earnings (1)
—

—

—

 
418

153

265

Net change in fair value of cash flow hedges
(129
)
(35
)
(94
)
 
397

142

255

Defined benefit plan obligation adjustment (2)
789

292

497

 
1,102

280

822

Total other comprehensive income (loss)

$3,281


$1,227


$2,054

 

$481


$97


$384


(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, 2015

$1,051

 

($43
)
 

($10,707
)
 

($9,699
)
Other comprehensive income (loss) before reclassifications
1,651

 
(94
)
 
—

 
1,557

Amounts reclassified from accumulated other comprehensive income
—

 
—

 
497

 
497

Net other comprehensive income (loss)
1,651

 
(94
)
 
497

 
2,054

Balance at September 30, 2016

$2,702

 

($137
)
 

($10,210
)
 

($7,645
)


(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
)