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Other Comprehensive Income (Loss) (Tables)
 12 Months Ended
Dec. 31, 2017
Equity [Abstract]  
Activity in Other Comprehensive Income (Loss)
The following tables present the activity in other comprehensive income (loss):
(Dollars in thousands)
 
 
 
 
 
Year ended December 31, 2017
Pre-tax Amounts
 
Income Taxes
 
Net of Tax
Securities available for sale:
 
 
 
 
 
Changes in fair value of securities available for sale

$986

 

$365

 

$621

Net (gains) losses on securities classified into noninterest income
—

 
—

 
—

Net change in fair value of securities available for sale

$986

 

$365

 

$621

Cash flow hedges:
 
 
 
 
 
Changes in fair value of cash flow hedges
(774
)
 
(223
)
 
(551
)
Net cash flow hedge losses reclassified into earnings (1)
792

 
293

 
499

Net change in the fair value of cash flow hedges
18

 
70

 
(52
)
Defined benefit plan obligations:
 
 
 
 
 
Defined benefit plan obligation adjustment
(1,591
)
 
(594
)
 
(997
)
Amortization of net actuarial losses (2)
1,461

 
546

 
915

Amortization of net prior service credits (2)
(24
)
 
(9
)
 
(15
)
Net change in defined benefit plan obligations
(154
)
 
(57
)
 
(97
)
Total other comprehensive income

$850

 

$378

 

$472


(1) The pre-tax amounts are included in interest expense on Federal Home Loan Bank advances, interest expense on junior subordinated debentures and interest income and fees on loans in the Consolidated Statements of Income.
(2)
The pre-tax amounts are included in salaries and employee benefits expense in the Consolidated Statements of Income.

(Dollars in thousands)
 
 
 
 
 
Year ended December 31, 2016
Pre-tax Amounts
 
Income Taxes
 
Net of Tax
Securities available for sale:
 
 
 
 
 
Changes in fair value of securities available for sale

($12,502
)
 

($4,626
)
 

($7,876
)
Net (gains) losses on securities classified into noninterest income
—

 
—

 
—

Net change in fair value of securities available for sale

($12,502
)
 

($4,626
)
 

($7,876
)
Cash flow hedges:
 
 
 
 
 
Changes in fair value of cash flow hedges
(403
)
 
(146
)
 
(257
)
Net cash flow hedge losses reclassified into earnings
—

 
—

 
—

Net change in the fair value of cash flow hedges
(403
)
 
(146
)
 
(257
)
Defined benefit plan obligations:
 
 
 
 
 
Defined benefit plan obligation adjustment
(4,106
)
 
(1,518
)
 
(2,588
)
Amortization of net actuarial losses (1)
1,075

 
397

 
678

Amortization of net prior service credits (1)
(24
)
 
(9
)
 
(15
)
Net change in defined benefit plan obligations
(3,055
)
 
(1,130
)
 
(1,925
)
Total other comprehensive loss

($15,960
)
 

($5,902
)
 

($10,058
)

(1) The pre-tax amount is included in salaries and employee benefits expense in the Consolidated Statements of Income.


(Dollars in thousands)
 
 
 
 
 
Year ended December 31, 2015
Pre-tax Amounts
 
Income Taxes
 
Net of Tax
Securities available for sale:
 
 
 
 
 
Changes in fair value of securities available for sale

($4,926
)
 

($1,755
)
 

($3,171
)
Net (gains) losses on securities classified into noninterest income
—

 
—

 
—

Net change in fair value of securities available for sale
(4,926
)
 
(1,755
)
 
(3,171
)
Cash flow hedges:
 
 
 
 
 
Changes in fair value of cash flow hedges
(102
)
 
(49
)
 
(53
)
Net cash flow hedge losses reclassified into earnings (1)
469

 
172

 
297

Net change in the fair value of cash flow hedges
367

 
123

 
244

Defined benefit plan obligations:
 
 
 
 
 
Defined benefit plan obligation adjustment
1,478

 
376

 
1,102

Amortization of net actuarial losses (2)
1,494

 
542

 
952

Amortization of net prior service credits (2)
(24
)
 
(7
)
 
(17
)
Net change in defined benefit plan obligations
2,948

 
911

 
2,037

Total other comprehensive loss

($1,611
)
 

($721
)
 

($890
)

(1) The pre-tax amount is included in interest expense on junior subordinated debentures in the Consolidated Statements of Income.
(2) The pre-tax amount is included in salaries and employee benefits expense in the Consolidated Statements of Income.
Changes in 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 (Losses) Gains 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
621

 
(551
)
 
(741
)
 
(671
)
Amounts reclassified from accumulated other comprehensive income
—

 
499

 
644

 
1,143

Net other comprehensive income (loss)
621

 
(52
)
 
(97
)
 
472

Reclassification of income tax effects due to the adoption of ASU 2018-02
(1,330
)
 
(76
)
 
(2,819
)
 
(4,225
)
Balance at December 31, 2017

($7,534
)
 

($428
)
 

($15,548
)
 

($23,510
)

(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, 2015

$1,051

 

($43
)
 

($10,707
)
 

($9,699
)
Other comprehensive loss before reclassifications
(7,876
)
 
(257
)
 
(2,588
)
 
(10,721
)
Amounts reclassified from accumulated other comprehensive income
—

 
—

 
663

 
663

Net other comprehensive loss
(7,876
)
 
(257
)
 
(1,925
)
 
(10,058
)
Balance at December 31, 2016

($6,825
)
 

($300
)
 

($12,632
)
 

($19,757
)

(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, 2014

$4,222

 

($287
)
 

($12,744
)
 

($8,809
)
Other comprehensive (loss) income before reclassifications
(3,171
)
 
(53
)
 
1,102

 
(2,122
)
Amounts reclassified from accumulated other comprehensive income
—

 
297

 
935

 
1,232

Net other comprehensive (loss) income
(3,171
)
 
244

 
2,037

 
(890
)
Balance at December 31, 2015

$1,051

 

($43
)
 

($10,707
)
 

($9,699
)