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Other Comprehensive Income (Loss) (Tables)
 3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
Activity in Other Comprehensive Income (Loss)
The following tables present the activity in other comprehensive income (loss):
 
 
 
 
 
 
 
 
Three months ended March 31,
2020
 
2019
(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

$16,740


$3,934


$12,806

 

$14,406


$3,385


$11,021

Net (gains) losses on debt securities reclassified into earnings
—

—

—

 
—

—

—

Net change in fair value of available for sale debt securities
16,740

3,934

12,806

 
14,406

3,385

11,021

Cash flow hedges:
 
 
 
 
 
 
 
Change in fair value of cash flow hedges
(1,402
)
(330
)
(1,072
)
 
(546
)
(128
)
(418
)
Net cash flow hedge gains (losses) reclassified into earnings (1)
29

7

22

 
(31
)
(7
)
(24
)
Net change in fair value of cash flow hedges
(1,373
)
(323
)
(1,050
)
 
(577
)
(135
)
(442
)
Defined benefit plan obligations:
 
 
 
 
 
 
 
Amortization of net actuarial losses (2)
536

126

410

 
300

70

230

Amortization of net prior service credits (2)
—

—

—

 
(4
)
(1
)
(3
)
Net change in defined benefit plan obligations
536

126

410

 
296

69

227

Total other comprehensive income

$15,903


$3,737


$12,166

 

$14,125


$3,319


$10,806


(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 Unaudited Consolidated Statements of Income.
(2)
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 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 March 31, 2020
 
 
 
Balance at January 1, 2020

$3,226

 

($793
)
 

($13,670
)
 

($11,237
)
Other comprehensive income (loss) before reclassifications
12,806

 
(1,072
)
 
—

 
11,734

Amounts reclassified from accumulated other comprehensive income
—

 
22

 
410

 
432

Net other comprehensive income (loss)
12,806

 
(1,050
)
 
410

 
12,166

Balance at March 31, 2020

$16,032

 

($1,843
)
 

($13,260
)
 

$929

 
 
 
 
 
 
 
 

(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 three months ended March 31, 2019
 
 
 
Balance at January 1, 2019

($16,762
)
 

$191

 

($11,738
)
 

($28,309
)
Other comprehensive income (loss) before reclassifications
11,021

 
(418
)
 
—

 
10,603

Amounts reclassified from accumulated other comprehensive income
—

 
(24
)
 
227

 
203

Net other comprehensive income (loss)
11,021

 
(442
)
 
227

 
10,806

Balance at March 31, 2019

($5,741
)
 

($251
)
 

($11,511
)
 

($17,503
)