16.Accumulated Other Comprehensive Loss (“AOCL”)

The following table presents the changes in each component of accumulated other comprehensive loss for the years ended December 31, 2018 and 2017:



	Investment		Investment			Investment
	securities-		securities-			securities-	Cash Flow		Pension
(in thousands)	with OTTI AFS		all other AFS			HTM	Hedge		Plan		SERP		Total
Accumulated OCL, net:
Balance - January 1, 2017	$	(2,368)	$	(3,218)	$	(1,354)	$	422	$	(14,232)	$	(715)	$	(21,465)
Other comprehensive income/(loss) before reclassifications		31		638		0		59		(445)		(82)		201
Amounts reclassified from accumulated other comprehensive loss		(121)		36		253		0		781		105		1,054
Reclassification of certain tax effects 1		(481)		(435)		(246)		101		(3,170)		(152)		(4,383)
Balance - December 31, 2017	$	(2,939)	$	(2,979)	$	(1,347)	$	582	$	(17,066)	$	(844)	$	(24,593)
Other comprehensive income/(loss) before reclassifications		1,194		(540)		0		191		(1,833)		202		(786)
Amounts reclassified from accumulated other comprehensive loss		(154)		(82)		216		0		882		114		976
Balance - December 31, 2018	$	(1,899)	$	(3,601)	$	(1,131)	$	773	$	(18,017)	$	(528)	$	(24,403)
(1) Refer to Note 17 for more discussion of tax reform

The following tables present the components of other comprehensive income/(loss) for the years ended December 31, 2018 and 2017:


Components of Other Comprehensive Income (in thousands)	Before Tax Amount		Tax (Expense) Benefit		Net
For the year ended December 31, 2018
Available for sale (AFS) securities with OTTI:
Unrealized holding gains	$	1,638	$	(444)	$	1,194
Less: accretable yield recognized in income		211		(57)		154
Net unrealized gains on investments with OTTI		1,427		(387)		1,040

Available for sale securities – all other:
Unrealized holding losses		(741)		201		(540)
Less: gains recognized in income		113		(31)		82
Net unrealized losses on all other AFS securities		(854)		232		(622)

Held to maturity securities:
Unrealized holding gains		0		0		0
Less: amortization recognized in income		(296)		80		(216)
Net unrealized gains on HTM securities		296		(80)		216

Cash flow hedges:
Unrealized holding gains		262		(71)		191
Net unrealized gains on cash flow hedges		262		(71)		191

Pension Plan:
Unrealized net actuarial loss		(2,514)		681		(1,833)
Less: amortization of unrecognized loss		(1,200)		325		(875)
Less: amortization of prior service costs		(9)		2		(7)
Net pension plan liability adjustment		(1,305)		354		(951)

SERP:
Unrealized net actuarial gain		277		(75)		202
Less: amortization of unrecognized loss		(159)		43		(116)
Less: amortization of prior service costs		3		(1)		2
Net SERP liability adjustment		433		(117)		316
Other comprehensive income	$	259	$	(69)	$	190


Components of Other Comprehensive Loss (in thousands)	Before Tax Amount		Tax (Expense) Benefit		Net
For the year ended December 31, 2017
Available for sale (AFS) securities with OTTI:
Unrealized holding gains	$	42	$	(11)	$	31
Less: accretable yield recognized in income		166		(45)		121
Net unrealized losses on investments with OTTI		(124)		34		(90)

Available for sale securities – all other:
Unrealized holding gains		874		(236)		638
Less: losses recognized in income		(49)		13		(36)
Net unrealized gains on all other AFS securities		923		(249)		674

Held to maturity securities:
Unrealized holding gains		0		0		0
Less: amortization recognized in income		(346)		93		(253)
Net unrealized gains on HTM securities		346		(93)		253

Cash flow hedges:
Unrealized holding gains		81		(22)		59
Net unrealized gains on cash flow hedges		81		(22)		59

Pension Plan:
Unrealized net actuarial loss		(609)		164		(445)
Less: amortization of unrecognized loss		(1,057)		285		(772)
Less: amortization of prior service costs		(12)		3		(9)
Net pension plan liability adjustment		460		(124)		336

SERP:
Unrealized net actuarial loss		(112)		30		(82)
Less: amortization of unrecognized loss		(146)		39		(107)
Less: amortization of prior service costs		3		(1)		2
Net SERP liability adjustment		31		(8)		23
Other comprehensive income	$	1,717	$	(462)	$	1,255

The following tables present the details of accumulated other comprehensive loss components for the years ended December 31, 2018 and 2017:


	Amount Reclassified from Accumulated Other Comprehensive Loss
Details of Accumulated Other Comprehensive Loss Components (in thousands)	2018		Affected Line Item in the Statement Where Net Income is Presented
Net unrealized gains on investment securities with OTTI:
Accretable Yield	$	211	Interest income on taxable investment securities
Taxes		(57)	Provision for Income Tax Expense
	$	154	Net of tax
Net unrealized gains on available for sale investment securities - all other:
Gains on sales	$	113	Net gains
Taxes		(31)	Provision for Income Tax Expense
	$	82	Net of tax
Net unrealized losses on held to maturity investment securities:
Amortization	$	(296)	Interest income on taxable investment securities
Taxes		80	Provision for Income Tax Expense
	$	(216)	Net of tax
Net pension plan liability adjustment:
Amortization of unrecognized loss	$	(1,200)	Other expense
Amortization of prior service costs		(9)	Other expense
Taxes		327	Provision for Income Tax Expense
	$	(882)	Net of tax
Net SERP liability adjustment:
Amortization of unrecognized loss	$	(159)	Other expense
Amortization of prior service costs		3	Other expense
Taxes		42	Provision for Income Tax Expense
	$	(114)	Net of tax

Total reclassifications for the period	$	(976)	Net of tax


	Amount Reclassified from Accumulated Other Comprehensive Loss
Details of Accumulated Other Comprehensive Loss Components (in thousands)	2017		Affected Line Item in the Statement Where Net Income is Presented
Net unrealized losses on investment securities with OTTI:
Accretable Yield	$	166	Interest income on taxable investment securities
Taxes		(45)	Provision for Income Tax Expense
Reclassification of certain tax effects		481	Retained Earnings
	$	602	Net of tax
Net unrealized gains on available for sale investment securities - all other:
Losses on sales	$	(49)	Net gains
Taxes		13	Provision for Income Tax Expense
Reclassification of certain tax effects		435	Retained Earnings
	$	399	Net of tax
Net unrealized gains on held to maturity investment securities:
Amortization	$	(346)	Interest income on taxable investment securities
Taxes		93	Provision for Income Tax Expense
Reclassification of certain tax effects		246	Retained Earnings
	$	(7)	Net of tax
Net unrealized gains on cash flow hedges:
Reclassification of certain tax effects		(101)	Retained Earnings
	$	(101)	Net of tax
Net pension plan liability adjustment:
Amortization of unrecognized loss	$	(1,057)	Other expense
Amortization of prior service costs		(12)	Other expense
Taxes		288	Provision for Income Tax Expense
Reclassification of certain tax effects		3,170	Retained Earnings
	$	2,389	Net of tax
Net SERP liability adjustment:
Amortization of unrecognized loss	$	(146)	Other expense
Amortization of prior service costs		3	Other expense
Taxes		38	Provision for Income Tax Expense
Reclassification of certain tax effects		152	Retained Earnings
	$	47	Net of tax

Total reclassifications for the period	$	3,329	Net of tax