OTHER COMPREHENSIVE LOSS (Tables)

12 Months Ended

Dec. 31, 2020

The following table presents a reconciliation of the changes in the components of other comprehensive income (loss) for the periods indicated, including the amount of income tax (expense) benefit allocated to each component of other comprehensive income (loss):


	Year Ended December 31, 2020
	Pre Tax Amount		Tax (Expense) Benefit		After Tax Amount
	(Dollars in thousands)
Change in fair value of securities available for sale	$	11,686	$	(2,829)	$	8,857
Less: net security losses reclassified into other noninterest expense	—		—		—
Net change in fair value of securities available for sale	11,686		(2,829)		8,857

Change in fair value of cash flow hedges	36,994		(10,406)		26,588
Less: net cash flow hedge gains reclassified into interest income or interest expense	14,306		(4,023)		10,283
Less: loss on termination of hedge reclassified into noninterest expense	(684)		192		(492)
Net change in fair value of cash flow hedges	23,372		(6,575)		16,797

Net unamortized loss related to defined benefit pension and other postretirement adjustments arising during the period	(5,785)		1,627		(4,158)

Amortization of net actuarial losses	982		(276)		706
Amortization of net prior service costs	276		(78)		198
Amortization of net settlement costs	176		(50)		126

Net change in other comprehensive income for defined benefit postretirement plans (2)	(4,351)		1,223		(3,128)
Total other comprehensive income	$	30,707	$	(8,181)	$	22,526

	Year Ended December 31, 2019
	Pre Tax Amount		Tax (Expense) Benefit		After Tax Amount
	(Dollars in thousands)
Change in fair value of securities available for sale	$	12,055	$	(2,761)	$	9,294
Less: net security losses reclassified into other noninterest expense	(1,462)		411		(1,051)
Net change in fair value of securities available for sale	13,517		(3,172)		10,345

Change in fair value of cash flow hedges	16,725		(4,708)		12,017
Less: net cash flow hedge gains reclassified into interest income or interest expense	2,346		(660)		1,686
Net change in fair value of cash flow hedges	14,379		(4,048)		10,331

Net unamortized loss related to defined benefit pension and other postretirement adjustments arising during the period	(2,123)		597		(1,526)

Amortization of net actuarial gains	(8)		2		(6)
Amortization of net prior service costs	276		(78)		198


Net change in other comprehensive income for defined benefit postretirement plans (2)	(1,855)		521		(1,334)
Total other comprehensive income	$	26,041	$	(6,699)	$	19,342


	Year Ended December 31, 2018
	Pre Tax Amount		Tax (Expense) Benefit		After Tax Amount
	(Dollars in thousands)
Change in fair value of securities available for sale	$	(5,923)	$	1,422	$	(4,501)
Less: net security gains reclassified into other noninterest income (expense)	—		—		—
Net change in fair value of securities available for sale	(5,923)		1,422		(4,501)

Change in fair value of cash flow hedges	7,717		(2,169)		5,548
Less: net cash flow hedge gains reclassified into interest income or interest expense (1)	1,000		(281)		719

Net change in fair value of cash flow hedges	6,717		(1,888)		4,829

Net unamortized gain related to defined benefit pension and other postretirement adjustments arising during the period	1,521		(428)		1,093

Amortization of net actuarial losses	372		(105)		267
Amortization of net prior service costs	276		(78)		198

Net change in other comprehensive income for defined benefit postretirement plans (2)	2,169		(611)		1,558
Total other comprehensive income	$	2,963	$	(1,077)	$	1,886

(1)Includes the amortization of the remaining balance of a realized but unrecognized gain, net of tax, from the termination of interest rate swaps in 2009. The original gain of $1.4 million, net of tax, was recognized in earnings through December 2018, the original maturity date of the swap.

(2)The amortization of prior service costs is included in the computation of net periodic pension costs as disclosed in Note 15 - Employee Benefit Plans.

Schedule of Accumulated Other Comprehensive Income (Loss), Net of Tax

Information on the Company's accumulated other comprehensive income (loss), net of tax, was comprised of the following components for the periods indicated:


	Unrealized Gain (Loss) on Securities		Unrealized Gain (Loss) on Cash Flow Hedge		Deferred Gain on Hedge Transactions		Defined Benefit Postretirement Plans		Accumulated Other Comprehensive Income (Loss)
	(Dollars in Thousands)
Beginning balance: January 1, 2018	$	(504)	$	948	$	137	$	(2,412)	$	(1,831)
Opening balance reclassification	(111)		205		29		(520)		(397)
Cumulative effect accounting adjustment	(831)		—		—		—		(831)
Other comprehensive income (loss)	(4,501)		4,995		(166)		1,558		1,886
Ending balance: December 31, 2018	$	(5,947)	$	6,148	$	—	$	(1,374)	$	(1,173)
Other comprehensive income (loss)	10,345		10,331		—		(1,334)		19,342
Ending balance: December 31, 2019	$	4,398	$	16,479	$	—	$	(2,708)	$	18,169
Other comprehensive income (loss)	8,857		16,797		—		(3,128)		22,526
Ending balance: December 31, 2020	$	13,255	$	33,276	$	—	$	(5,836)	$	40,695