XML 36 R23.htm IDEA: XBRL DOCUMENT v3.7.0.1
Other Comprehensive Income (Loss)
 6 Months Ended
Jun. 30, 2017
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,
2017
 
2016
(Dollars in thousands)
Pre-tax Amounts
Income Taxes
Net of Tax
 
Pre-tax Amounts
Income Taxes
Net of Tax
Securities available for sale:
 
 
 
 
 
 
 
Changes in fair value of securities available for sale

$2,902


$1,074


$1,828

 

$2,187


$809


$1,378

Net gains on securities reclassified into earnings
—

—

—

 
—

—

—

Net change in fair value of securities available for sale

$2,902


$1,074


$1,828

 

$2,187


$809


$1,378

Cash flow hedges:
 
 
 
 
 
 
 
Change in fair value of cash flow hedges
(853
)
(292
)
(561
)
 
10

34

(24
)
Net cash flow hedge losses reclassified into earnings (1)
180

67

113

 
—

—

—

Net change in fair value of cash flow hedges
(673
)
(225
)
(448
)
 
10

34

(24
)
Defined benefit plan obligations:
 
 
 
 
 
 
 
Defined benefit plan obligation adjustment
(407
)
(150
)
(257
)
 
—

—

—

Amortization of net actuarial losses (2)
406

149

257

 
269

99

170

Amortization of net prior service credits (2)
(5
)
(1
)
(4
)
 
(6
)
(1
)
(5
)
Net change in defined benefit plan obligations
(6
)
(2
)
(4
)
 
263

98

165

Total other comprehensive income

$2,223


$847


$1,376

 

$2,460


$941


$1,519

(1)
The pre-tax amounts are included in interest expense on Federal Home Loan Bank advances and interest expense on junior subordinated debentures in the Unaudited Consolidated Statements of Income.
(2)
The pre-tax amounts are included in salaries and employee benefits expense in the Unaudited Consolidated Statements of Income.
 
 
 
 
 
 
 
 
Six months ended June 30,
2017
 
2016
(Dollars in thousands)
Pre-tax Amounts
Income Taxes
Net of Tax
 
Pre-tax Amounts
Income Taxes
Net of Tax
Securities available for sale:
 
 
 
 
 
 
 
Changes in fair value of securities available for sale

$3,538


$1,309


$2,229

 

$2,765


$1,023


$1,742

Net gains on securities reclassified into earnings
—

—

—

 
—

—

—

Net change in fair value of securities available for sale

$3,538


$1,309


$2,229

 

$2,765


$1,023


$1,742

Cash flow hedges:
 
 
 
 
 
 
 
Change in fair value of cash flow hedges
(827
)
(278
)
(549
)
 
(114
)
(24
)
(90
)
Net cash flow hedge losses reclassified into earnings (1)
316

117

199

 
—

—

—

Net change in fair value of cash flow hedges
(511
)
(161
)
(350
)
 
(114
)
(24
)
(90
)
Defined benefit plan obligations:
 
 
 
 
 
 
 
Defined benefit plan obligation adjustment
(407
)
(150
)
(257
)
 
—

—

—

Amortization of net actuarial losses (2)
750

276

474

 
538

198

340

Amortization of net prior service credits (2)
(11
)
(3
)
(8
)
 
(12
)
(3
)
(9
)
Net change in defined benefit plan obligations
332

123

209

 
526

195

331

Total other comprehensive income (loss)

$3,359


$1,271


$2,088

 

$3,177


$1,194


$1,983


(1)
The pre-tax amount is included in interest expense on Federal Home Loan Bank advances and interest expense on junior subordinated debentures in the Unaudited Consolidated Statements of Income.
(2)
The pre-tax amounts are included in salaries and employee benefits expense in the Unaudited 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 (Losses) on Available For Sale Securities
 
Net Unrealized Losses on Cash Flow Hedges
 
Pension Benefit Adjustment
 
Total
Balance at December 31, 2016

($6,825
)
 

($300
)
 

($12,632
)
 

($19,757
)
Other comprehensive income (loss) before reclassifications
2,229

 
(549
)
 
—

 
1,680

Amounts reclassified from accumulated other comprehensive income
—

 
199

 
209

 
408

Net other comprehensive income (loss)
2,229

 
(350
)
 
209

 
2,088

Balance at June 30, 2017

($4,596
)
 

($650
)
 

($12,423
)
 

($17,669
)


(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
)