XML 32 R22.htm IDEA: XBRL DOCUMENT v3.19.2
Other Comprehensive Income (Loss)
 6 Months Ended
Jun. 30, 2019
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,
2019
 
2018
(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 available for sale debt securities

$7,807


$1,835


$5,972

 

($4,068
)

($956
)

($3,112
)
Net losses on debt securities reclassified into earnings (1)
80

19

61

 
—

—

—

Net change in fair value of available for sale debt securities
7,887

1,854

6,033

 
(4,068
)
(956
)
(3,112
)
Cash flow hedges:
 
 
 
 
 
 
 
Change in fair value of cash flow hedges
(824
)
(194
)
(630
)
 
455

107

348

Net cash flow hedge losses reclassified into earnings (2)
10

2

8

 
21

4

17

Net change in fair value of cash flow hedges
(814
)
(192
)
(622
)
 
476

111

365

Defined benefit plan obligations:
 
 
 
 
 
 
 
Amortization of net actuarial losses (3)
300

71

229

 
477

113

364

Amortization of net prior service credits (3)
(4
)
(1
)
(3
)
 
(5
)
(1
)
(4
)
Net change in defined benefit plan obligations
296

70

226

 
472

112

360

Total other comprehensive income (loss)

$7,369


$1,732


$5,637

 

($3,120
)

($733
)

($2,387
)
(1)
The pre-tax amount is reported as net realized losses on securities in the Unaudited Consolidated Statements of Income.
(2)
The pre-tax amounts are included in interest expense on FHLB advances, interest expense on junior subordinated debentures and interest and fees on loans in the Unaudited Consolidated Statements of Income.
(3)
The pre-tax amounts are included in other expenses in the Unaudited Consolidated Statements of Income.
 
 
 
 
 
 
 
 
Six months ended June 30,
2019
 
2018
(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 available for sale debt securities

$22,213


$5,220


$16,993

 

($17,681
)

($4,155
)

($13,526
)
Net losses on debt securities reclassified into earnings (1)
80

19

61

 
—

—

—

Net change in fair value of available for sale debt securities
22,293

5,239

17,054

 
(17,681
)
(4,155
)
(13,526
)
Cash flow hedges:
 
 
 
 
 
 
 
Change in fair value of cash flow hedges
(1,370
)
(322
)
(1,048
)
 
1,258

198

1,060

Net cash flow hedge losses reclassified into earnings (2)
(21
)
(5
)
(16
)
 
252

58

194

Net change in fair value of cash flow hedges
(1,391
)
(327
)
(1,064
)
 
1,510

256

1,254

Defined benefit plan obligations:
 
 
 
 
 
 
 
Amortization of net actuarial losses (3)
600

141

459

 
953

225

728

Amortization of net prior service credits (3)
(8
)
(2
)
(6
)
 
(11
)
(3
)
(8
)
Net change in defined benefit plan obligations
592

139

453

 
942

222

720

Total other comprehensive (loss) income

$21,494


$5,051


$16,443

 

($15,229
)

($3,677
)

($11,552
)

(1)
The pre-tax amount is reported as net realized losses on securities in the Unaudited Consolidated Statements of Income.
(2)
The pre-tax amounts are included in interest expense on FHLB advances, interest expense on junior subordinated debentures and interest and fees on loans in the Unaudited Consolidated Statements of Income.
(3)
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) Gains on Available For Sale Debt Securities
 
Net Unrealized (Losses) Gains on Cash Flow Hedges
 
Defined Benefit Pension Plan Adjustment
 
Total
For the three months ended June 30, 2019
 
 
 
Balance at April 1, 2019

($5,741
)
 

($251
)
 

($11,511
)
 

($17,503
)
Other comprehensive income (loss) before reclassifications
5,972

 
(630
)
 
—

 
5,342

Amounts reclassified from accumulated other comprehensive income
61

 
8

 
226

 
295

Net other comprehensive income (loss)
6,033

 
(622
)
 
226

 
5,637

Balance at June 30, 2019

$292

 

($873
)
 

($11,285
)
 

($11,866
)


(Dollars in thousands)
Net Unrealized (Losses) Gains on Available For Sale Debt Securities
 
Net Unrealized Gains (Losses) on Cash Flow Hedges
 
Defined Benefit Pension Plan Adjustment
 
Total
For the six months ended June 30, 2019
 
 
 
Balance at January 1, 2019

($16,762
)
 

$191

 

($11,738
)
 

($28,309
)
Other comprehensive income (loss) before reclassifications
16,993

 
(1,048
)
 
—

 
15,945

Amounts reclassified from accumulated other comprehensive income
61

 
(16
)
 
453

 
498

Net other comprehensive income (loss)
17,054

 
(1,064
)
 
453

 
16,443

Balance at June 30, 2019

$292

 

($873
)
 

($11,285
)
 

($11,866
)



(Dollars in thousands)
Net Unrealized Losses on Available For Sale Debt Securities
 
Net Unrealized Gains on Cash Flow Hedges
 
Defined Benefit Pension Plan Adjustment
 
Total
For the three months ended June 30, 2018
 
 
 
Balance at April 1, 2018

($17,948
)
 

$461

 

($15,188
)
 

($32,675
)
Other comprehensive (loss) income before reclassifications
(3,112
)
 
348

 
—

 
(2,764
)
Amounts reclassified from accumulated other comprehensive income
—

 
17

 
360

 
377

Net other comprehensive (loss) income
(3,112
)
 
365

 
360

 
(2,387
)
Balance at June 30, 2018

($21,060
)
 

$826

 

($14,828
)
 

($35,062
)


(Dollars in thousands)
Net Unrealized Losses on Available For Sale Debt Securities
 
Net Unrealized (Losses) Gains on Cash Flow Hedges
 
Defined Benefit Pension Plan Adjustment
 
Total
For the six months ended June 30, 2018
 
 
 
Balance at January 1, 2018

($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
)