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Accumulated Other Comprehensive Income (Loss)
 6 Months Ended
Jun. 30, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Loss
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME
Accumulated other comprehensive loss included the following as of June 30, 2018 and December 31, 2017:
 
June 30, 2018
 
December 31, 2017
(Dollars in thousands)
Accumulated
other
comprehensive
loss
 
Deferred
tax benefit
 
Accumulated
other
comprehensive
loss,
net of tax
 
Accumulated
other
comprehensive
loss
 
Deferred
tax benefit
 
Accumulated
other
comprehensive
loss,
net of tax
Unrealized losses on securities available for sale
$
(74,671
)
 
$
(17,175
)
 
$
(57,496
)
 
$
(48,834
)
 
$
(17,889
)
 
$
(30,945
)
Unrealized losses on securities available for sale transferred to held to maturity
(105,034
)
 
(24,158
)
 
(80,876
)
 
—

 
—

 
—

Funded status of defined benefit plans
(138,008
)
 
(31,742
)
 
(106,266
)
 
(144,999
)
 
(53,650
)
 
(91,349
)
Total
$
(317,713
)
 
$
(73,075
)
 
$
(244,638
)
 
$
(193,833
)
 
$
(71,539
)
 
$
(122,294
)

The following table highlights changes in accumulated other comprehensive (loss) income by component for the three and six months ended June 30, 2018 and June 30, 2017:
 
Three months ended June 30, 2018
(Dollars in thousands)
Unrealized (losses) gains on securities available for sale1
 
Unrealized losses on securities available for sale transferred to held to maturity1
 
Defined benefit pension items1
 
Total
Beginning balance
$
(121,243
)
 
$
—

 
$
(109,080
)
 
$
(230,323
)
Cumulative effect adjustments
—

 
—

 
—

 
—

Other comprehensive loss before reclassifications
63,747

 
(84,321
)
 
—

 
(20,574
)
Amounts reclassified from accumulated other comprehensive (loss) income
—

 
3,445

 
2,814

 
6,259

Net current period other comprehensive (loss) income
63,747

 
(80,876
)
 
2,814

 
(14,315
)
Ending balance
$
(57,496
)
 
$
(80,876
)
 
$
(106,266
)
 
$
(244,638
)
 
 
 
 
 
 
 
 
 
Three months ended June 30, 2017
 
Unrealized (losses) gains on securities available for sale1
 
Unrealized losses on securities available for sale transferred to held to maturity1
 
Defined benefit pension items1
 
Total
Beginning balance
$
(23,183
)
 
$
—

 
$
(87,758
)
 
$
(110,941
)
Other comprehensive income before reclassifications
8,646

 
—

 
—

 
8,646

Amounts reclassified from accumulated other comprehensive (loss) income
(2,111
)
 
—

 
1,563

 
(548
)
Net current period other comprehensive income
6,535

 
—

 
1,563

 
8,098

Ending balance
$
(16,648
)
 
$
—

 
$
(86,195
)
 
$
(102,843
)
 
 
 
 
 
 
 
 
 
Six months ended June 30, 2018
 
Unrealized (losses) gains on securities1
 
Unrealized losses on securities available for sale transferred to held to maturity1
 
Defined benefit pension items1
 
Total
Beginning balance
$
(30,945
)
 
$
—

 
$
(91,349
)
 
$
(122,294
)
Cumulative effect adjustments
(29,752
)
 
—

 
(20,300
)
 
(50,052
)
Other comprehensive income before reclassifications
3,201

 
(84,321
)
 
—

 
(81,120
)
Amounts reclassified from accumulated other comprehensive (loss) income
—

 
3,445

 
5,383

 
8,828

Net current period other comprehensive income
3,201

 
(80,876
)
 
5,383

 
(72,292
)
Ending balance
$
(57,496
)
 
$
(80,876
)
 
$
(106,266
)
 
$
(244,638
)
 
 
 
 
 
 
 
 
 
Six months ended June 30, 2017
 
Unrealized (losses) gains on securities1
 
Unrealized losses on securities available for sale transferred to held to maturity1
 
Defined benefit pension items1
 
Total
Beginning balance
$
(45,875
)
 
$
—

 
$
(89,317
)
 
$
(135,192
)
Other comprehensive income before reclassifications
31,323

 
—

 
—

 
31,323

Amounts reclassified from accumulated other comprehensive (loss) income
(2,096
)
 
—

 
3,122

 
1,026

Net current period other comprehensive income
29,227

 
—

 
3,122

 
32,349

Ending balance
$
(16,648
)
 
$
—

 
$
(86,195
)
 
$
(102,843
)
1 All amounts are net of tax. Amounts in parentheses indicate debits.
The following table presents the amounts reclassified from accumulated other comprehensive income (loss) and the line item affected in the statement where net income is presented for the three and six months ended June 30, 2018 and June 30, 2017:
(Dollars in thousands)
 
Three months ended June 30, 2018
Details about accumulated other comprehensive income (loss)
 
Amounts reclassified from accumulated other comprehensive income (loss)1
 
Affected line item in the statement where net income is presented
Amortization of unrealized losses on securities available for sale transferred to held to maturity
 
$
(4,473
)
 
Other
 
 
1,028

 
Income taxes
 
 
$
(3,445
)
 
Net Income
Amortization of defined benefit pension items
 
 
 
 
     Prior service costs
 
$
(20
)
 
Salaries and wages
     Actuarial losses
 
(3,634
)
 
Other
 
 
(3,654
)
 
Income before income taxes
 
 
840

 
Income taxes
 
 
$
(2,814
)
 
Net income
Total reclassifications for the period
 
$
(6,259
)
 
 
 
 
 
 
 
 
 
Three months ended June 30, 2017
Details about accumulated other comprehensive income (loss)
 
Amounts reclassified from accumulated other comprehensive income (loss)1
 
Affected line item in the statement where net income is presented
Unrealized gains and losses on securities available for sale
 
$
3,351

 
Securities gains, net
 
 
(1,240
)
 
Income taxes
 
 
$
2,111

 
Net income
Amortization of defined benefit pension items
 
 
 
 
     Prior service costs
 
$
(53
)
 
Salaries and wages
     Actuarial losses
 
(2,407
)
 
Other
 
 
(2,460
)
 
Income before income taxes
 
 
897

 
Income taxes
 
 
$
(1,563
)
 
Net income
Total reclassifications for the period
 
$
548

 
 
 
 
 
 
 
 
 
Six months ended June 30, 2018
Details about accumulated other comprehensive income (loss)
 
Amount reclassified from accumulated other comprehensive income (loss)1
 
Affected line item in the statement where net income is presented
Amortization of unrealized losses on securities available for sale transferred to held to maturity
 
$
(4,473
)
 
Other
 
 
1,028

 
Income taxes
 
 
$
(3,445
)
 
Net income
Amortization of defined benefit pension items
 
 
 
 
     Prior service costs
 
$
(40
)
 
Salaries and wages
     Actuarial losses
 
(6,951
)
 
Other
 
 
(6,991
)
 
Employee benefits
 
 
1,608

 
Income taxes
 
 
$
(5,383
)
 
Net income
Total reclassifications for the period
 
$
(8,828
)
 
 
 
 
 
 
 
 
 
Six months ended June 30, 2017
Details about accumulated other comprehensive income (loss)
 
Amount reclassified from accumulated other comprehensive income (loss)1
 
Affected line item in the statement where net income is presented
Unrealized gains and losses on securities available for sale
 
$
3,327

 
Securities gains, net
 
 
(1,231
)
 
Income taxes
 
 
$
2,096

 
Net income
Amortization of defined benefit pension items
 
 
 
 
     Prior service costs
 
$
(105
)
 
Salaries and wages
     Actuarial losses
 
(4,855
)
 
Other
 
 
(4,960
)
 
Employee benefits
 
 
1,838

 
Income taxes
 
 
$
(3,122
)
 
Net income
Total reclassifications for the period
 
$
(1,026
)
 
 
1 Amounts in parentheses indicate debits to profit/loss.