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 | ) |
|