Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2021

Activity in Other Comprehensive Income (Loss)

The following tables present the activity in other comprehensive income (loss):


Three months ended March 31,	2021			2020
(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	($17,525)	($4,206)	($13,319)	$16,740	$3,934	$12,806



Cash flow hedges:
Change in fair value of cash flow hedges	109	26	83	(1,402)	(330)	(1,072)
Net cash flow hedge gains reclassified into earnings (1) (2)	281	67	214	29	7	22
Net change in fair value of cash flow hedges	390	93	297	(1,373)	(323)	(1,050)
Defined benefit plan obligations:

Amortization of net actuarial losses (3)	545	138	407	536	126	410


Total other comprehensive (loss) income	($16,590)	($3,975)	($12,615)	$15,903	$3,737	$12,166

(1)The pre-tax amounts for the three months ended March 31, 2021 are included in interest expense on FHLB advances.

(2)The pre-tax amounts for the three months ended March 31, 2020 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 Gains (Losses) 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, 2021
Balance at December 31, 2020	$9,881	($1,447)	($15,825)	($7,391)
Other comprehensive (loss) income before reclassifications	(13,319)	83	—	(13,236)
Amounts reclassified from accumulated other comprehensive income	—	214	407	621
Net other comprehensive (loss) income	(13,319)	297	407	(12,615)
Balance at March 31, 2021	($3,438)	($1,150)	($15,418)	($20,006)


(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 December 31, 2019	$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