Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2018

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,	2018									2017
(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		($4,068	)		($956	)		($3,112	)		$2,902			$1,074			$1,828
Net gains on securities reclassified into earnings	—			—			—			—			—			—
Net change in fair value of securities available for sale	(4,068		)	(956		)	(3,112		)	2,902			1,074			1,828
Cash flow hedges:
Change in fair value of cash flow hedges	455			107			348			(853		)	(292		)	(561		)
Net cash flow hedge losses reclassified into earnings (1)	21			4			17			180			67			113
Net change in fair value of cash flow hedges	476			111			365			(673		)	(225		)	(448		)
Defined benefit plan obligations:
Defined benefit plan obligation adjustment	—			—			—			(407		)	(150		)	(257		)
Amortization of net actuarial losses (2)	477			113			364			406			149			257
Amortization of net prior service credits (2)	(5		)	(1		)	(4		)	(5		)	(1		)	(4		)
Net change in defined benefit plan obligations	472			112			360			(6		)	(2		)	(4		)
Total other comprehensive (loss) income		($3,120	)		($733	)		($2,387	)		$2,223			$847			$1,376

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

(2) The pre-tax amounts are included in other expenses in the Unaudited Consolidated Statements of Income.

Six months ended June 30,	2018									2017
(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		($17,681	)		($4,155	)		($13,526	)		$3,538			$1,309			$2,229
Net gains on securities reclassified into earnings	—			—			—			—			—			—
Net change in fair value of securities available for sale	(17,681		)	(4,155		)	(13,526		)	3,538			1,309			2,229
Cash flow hedges:
Change in fair value of cash flow hedges	1,258			198			1,060			(827		)	(278		)	(549		)
Net cash flow hedge losses reclassified into earnings (1)	252			58			194			316			117			199
Net change in fair value of cash flow hedges	1,510			256			1,254			(511		)	(161		)	(350		)
Defined benefit plan obligations:
Defined benefit plan obligation adjustment	—			—			—			(407		)	(150		)	(257		)
Amortization of net actuarial losses (2)	953			225			728			750			276			474
Amortization of net prior service credits (2)	(11		)	(3		)	(8		)	(11		)	(3		)	(8		)
Net change in defined benefit plan obligations	942			222			720			332			123			209
Total other comprehensive income (loss)		($15,229	)		($3,677	)		($11,552	)		$3,359			$1,271			$2,088

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

(2) The pre-tax amounts are included in other expenses 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 Losses on Available For Sale Securities			Net Unrealized (Losses) Gains on Cash Flow Hedges			Pension Benefit Adjustment			Total
Balance at December 31, 2017		($7,534	)		($428	)		($15,548	)		($23,510	)
Other comprehensive (loss) income before reclassifications	(13,526		)	1,060			—			(12,466		)
Amounts reclassified from accumulated other comprehensive income	—			194			720			914
Net other comprehensive (loss) income	(13,526		)	1,254			720			(11,552		)
Balance at June 30, 2018		($21,060	)		$826			($14,828	)		($35,062	)

(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	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	)