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Other Comprehensive Income (Loss) (Tables)
 12 Months Ended
Dec. 31, 2019
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, 2019
Pre-tax Amounts
 
Income Taxes
 
Net of Tax
Securities available for sale:
 
 
 
 
 
Changes in fair value of available for sale debt securities

$26,074

 

$6,127

 

$19,947

Net losses on securities reclassified into earnings (1)
53

 
12

 
41

Net change in fair value of available for sale debt securities
26,127

 
6,139

 
19,988

Cash flow hedges:
 
 
 
 
 
Changes in fair value of cash flow hedges
(1,444
)
 
(339
)
 
(1,105
)
Net cash flow hedge losses reclassified into earnings (2)
159

 
38

 
121

Net change in the fair value of cash flow hedges
(1,285
)
 
(301
)
 
(984
)
Defined benefit plan obligations:
 
 
 
 
 
Defined benefit plan obligation adjustment
(3,710
)
 
(872
)
 
(2,838
)
Amortization of net actuarial losses (3)
1,200

 
282

 
918

Amortization of net prior service credits (3)
(16
)
 
(4
)
 
(12
)
Net change in defined benefit plan obligations
(2,526
)
 
(594
)
 
(1,932
)
Total other comprehensive income

$22,316

 

$5,244

 

$17,072


(1)
The pre-tax amount is reported as net realized losses on securities in the 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 Consolidated Statements of Income.
(3)
The pre-tax amounts are included in other expenses in the Consolidated Statements of Income.

(Dollars in thousands)
 
 
 
 
 
Year ended December 31, 2018
Pre-tax Amounts
 
Income Taxes
 
Net of Tax
Securities available for sale:
 
 
 
 
 
Changes in fair value of available for sale debt securities

($12,063
)
 

($2,835
)
 

($9,228
)
Net (gains) losses on securities reclassified into earnings
—

 
—

 
—

Net change in fair value of available for sale debt securities
(12,063
)
 
(2,835
)
 
(9,228
)
Cash flow hedges:
 
 
 
 
 
Changes in fair value of cash flow hedges
639

 
151

 
488

Net cash flow hedge losses reclassified into earnings (1)
170

 
39

 
131

Net change in the fair value of cash flow hedges
809

 
190

 
619

Defined benefit plan obligations:
 
 
 
 
 
Defined benefit plan obligation adjustment
3,098

 
729

 
2,369

Amortization of net actuarial losses (2)
1,907

 
448

 
1,459

Amortization of net prior service credits (2)
(24
)
 
(6
)
 
(18
)
Net change in defined benefit plan obligations
4,981

 
1,171

 
3,810

Total other comprehensive loss

($6,273
)
 

($1,474
)
 

($4,799
)

(1)
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 Consolidated Statements of Income.
(2)
The pre-tax amounts are included in other expenses in the Consolidated Statements of Income.


(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 available for sale debt securities

$986

 

$365

 

$621

Net (gains) losses on securities reclassified into earnings
—

 
—

 
—

Net change in fair value of available for sale debt securities
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 FHLB advances, interest expense on junior subordinated debentures and interest and fees on loans in the Consolidated Statements of Income.
(2)
The pre-tax amounts are included in other expenses 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 Debt Securities
Net Unrealized Gains (Losses) on Cash Flow Hedges
Defined Benefit Pension Plan Adjustment
Total
Balance at December 31, 2018

($16,762
)

$191


($11,738
)

($28,309
)
Other comprehensive income (loss) before reclassifications
19,947

(1,105
)
(2,838
)
16,004

Amounts reclassified from accumulated other comprehensive income
41

121

906

1,068

Net other comprehensive income (loss)
19,988

(984
)
(1,932
)
17,072

Balance at December 31, 2019

$3,226


($793
)

($13,670
)

($11,237
)

(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
Balance at December 31, 2017

($7,534
)

($428
)

($15,548
)

($23,510
)
Other comprehensive (loss) income before reclassifications
(9,228
)
488

2,369

(6,371
)
Amounts reclassified from accumulated other comprehensive income
—

131

1,441

1,572

Net other comprehensive (loss) income
(9,228
)
619

3,810

(4,799
)
Balance at December 31, 2018

($16,762
)

$191


($11,738
)

($28,309
)

(Dollars in thousands)
Net Unrealized (Losses) Gains on Available For Sale Debt Securities
Net Unrealized Losses on Cash Flow Hedges
Defined Benefit Pension Plan 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
)