Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2022

Activity in Other Comprehensive Income (Loss)

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


Three months ended March 31,	2022			2021
(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	($65,078)	($15,618)	($49,460)	($17,525)	($4,206)	($13,319)



Cash flow hedges:
Change in fair value of cash flow hedges	(13,201)	(3,168)	(10,033)	109	26	83
Net cash flow hedge (gains) losses reclassified into earnings (1)	(399)	(97)	(302)	281	67	214
Net change in fair value of cash flow hedges	(13,600)	(3,265)	(10,335)	390	93	297
Defined benefit plan obligations:

Amortization of net actuarial losses (2)	428	103	325	545	138	407


Total other comprehensive loss	($78,250)	($18,780)	($59,470)	($16,590)	($3,975)	($12,615)

(1)The pre-tax amounts for the three months ended March 31, 2022 are included in interest expense on FHLB advances 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) Rollforward

The following tables present the changes in accumulated other comprehensive income (loss) by component, net of tax:


(Dollars in thousands)	Net Unrealized Losses on Available For Sale Debt Securities	Net Unrealized Losses on Cash Flow Hedges	Net Unrealized Losses on Defined Benefit Plan Obligations	Total
For the three months ended March 31, 2022
Balance at December 31, 2021	($6,795)	($4,013)	($9,173)	($19,981)
Other comprehensive loss before reclassifications	(49,460)	(10,033)	—	(59,493)
Amounts reclassified from accumulated other comprehensive loss	—	(302)	325	23
Net other comprehensive (loss) income	(49,460)	(10,335)	325	(59,470)
Balance at March 31, 2022	($56,255)	($14,348)	($8,848)	($79,451)


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