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Other Comprehensive Income (Loss) (Tables)
 9 Months Ended
Sep. 30, 2019
Equity [Abstract]  
Activity in Other Comprehensive Income (Loss)
The following tables present the activity in other comprehensive income (loss):
 
 
 
 
 
 
 
 
Three months ended September 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

$3,772


$886


$2,886

 

($5,924
)

($1,393
)

($4,531
)
Net losses on debt securities reclassified into earnings (1)
—

—

—

 
—

—

—

Net change in fair value of available for sale debt securities
3,772

886

2,886

 
(5,924
)
(1,393
)
(4,531
)
Cash flow hedges:
 
 
 
 
 
 
 
Change in fair value of cash flow hedges
(283
)
(66
)
(217
)
 
(626
)
(148
)
(478
)
Net cash flow hedge losses reclassified into earnings (2)
60

14

46

 
830

197

633

Net change in fair value of cash flow hedges
(223
)
(52
)
(171
)
 
204

49

155

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

70

230

 
477

112

365

Amortization of net prior service credits (3)
(4
)
(1
)
(3
)
 
(6
)
(2
)
(4
)
Net change in defined benefit plan obligations
296

69

227

 
471

110

361

Total other comprehensive income (loss)

$3,845


$903


$2,942

 

($5,249
)

($1,234
)

($4,015
)
(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.
 
 
 
 
 
 
 
 
Nine months ended September 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

$25,985


$6,106


$19,879

 

($23,605
)

($5,548
)

($18,057
)
Net losses on debt securities reclassified into earnings (1)
80

19

61

 
—

—

—

Net change in fair value of available for sale debt securities
26,065

6,125

19,940

 
(23,605
)
(5,548
)
(18,057
)
Cash flow hedges:
 
 
 
 
 
 
 
Change in fair value of cash flow hedges
(1,653
)
(388
)
(1,265
)
 
632

50

582

Net cash flow hedge losses reclassified into earnings (2)
39

9

30

 
1,082

255

827

Net change in fair value of cash flow hedges
(1,614
)
(379
)
(1,235
)
 
1,714

305

1,409

Defined benefit plan obligations:
 
 
 
 
 
 
 
Amortization of net actuarial losses (3)
900

211

689

 
1,430

337

1,093

Amortization of net prior service credits (3)
(12
)
(3
)
(9
)
 
(17
)
(5
)
(12
)
Net change in defined benefit plan obligations
888

208

680

 
1,413

332

1,081

Total other comprehensive (loss) income

$25,339


$5,954


$19,385

 

($20,478
)

($4,911
)

($15,567
)

(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.
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 Debt Securities
 
Net Unrealized (Losses) Gains on Cash Flow Hedges
 
Defined Benefit Pension Plan Adjustment
 
Total
For the three months ended September 30, 2019
 
 
 
Balance at July 1, 2019

$292

 

($873
)
 

($11,285
)
 

($11,866
)
Other comprehensive income (loss) before reclassifications
2,886

 
(217
)
 
—

 
2,669

Amounts reclassified from accumulated other comprehensive income
—

 
46

 
227

 
273

Net other comprehensive income (loss)
2,886

 
(171
)
 
227

 
2,942

Balance at September 30, 2019

$3,178

 

($1,044
)
 

($11,058
)
 

($8,924
)


(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 nine months ended September 30, 2019
 
 
 
Balance at January 1, 2019

($16,762
)
 

$191

 

($11,738
)
 

($28,309
)
Other comprehensive income (loss) before reclassifications
19,879

 
(1,265
)
 
—

 
18,614

Amounts reclassified from accumulated other comprehensive income
61

 
30

 
680

 
771

Net other comprehensive income (loss)
19,940

 
(1,235
)
 
680

 
19,385

Balance at September 30, 2019

$3,178

 

($1,044
)
 

($11,058
)
 

($8,924
)



(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 September 30, 2018
 
 
 
Balance at July 1, 2018

($21,060
)
 

$826

 

($14,828
)
 

($35,062
)
Other comprehensive loss before reclassifications
(4,531
)
 
(478
)
 
—

 
(5,009
)
Amounts reclassified from accumulated other comprehensive income
—

 
633

 
361

 
994

Net other comprehensive (loss) income
(4,531
)
 
155

 
361

 
(4,015
)
Balance at September 30, 2018

($25,591
)
 

$981

 

($14,467
)
 

($39,077
)


(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 nine months ended September 30, 2018
 
 
 
Balance at January 1, 2018

($7,534
)
 

($428
)
 

($15,548
)
 

($23,510
)
Other comprehensive (loss) income before reclassifications
(18,057
)
 
582

 
—

 
(17,475
)
Amounts reclassified from accumulated other comprehensive income
—

 
827

 
1,081

 
1,908

Net other comprehensive (loss) income
(18,057
)
 
1,409

 
1,081

 
(15,567
)
Balance at September 30, 2018

($25,591
)
 

$981

 

($14,467
)
 

($39,077
)