XML 37 R27.htm IDEA: XBRL DOCUMENT v3.19.2
CHANGE IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 6 Months Ended
Jun. 30, 2019
Equity [Abstract]  
CHANGE IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
18. CHANGE IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Accumulated other comprehensive income (loss) includes unrealized gains and losses on available-for-sale investments, unrealized gains and losses on cash flow hedges, as well as unrecognized prior service costs, transition costs, and actuarial gains and losses on defined benefit pension plans. Changes to accumulated other comprehensive loss are presented, net of tax, as a component of stockholders’ equity. Amounts that are reclassified out of accumulated other comprehensive loss are recorded on the unaudited Consolidated Statement of Income either as a gain or loss.
Changes to accumulated other comprehensive loss by component are shown, net of taxes, in the following tables for the period indicated:
(Dollars in thousands)
 
Net change in
investment
securities
available for sale
 
Net change
in investment securities
held to
maturity
 
Net
change in
defined
benefit
plan
 
Net change in
fair value of
derivatives
used for cash
flow hedges
 
Total
Balance, March 31, 2019
 
$
2,701

 
$
686

 
$
693

 
$
(1,824
)
 
$
2,256

Other comprehensive income before reclassifications
 
19,591

 
—

 
10

 
1,007

 
20,608

Less: Amounts reclassified from accumulated other comprehensive (loss) income
 
(48
)
 
(84
)
 
(44
)
 
—

 
(176
)
Net current-period other comprehensive income (loss)
 
19,543

 
(84
)
 
(34
)
 
1,007

 
20,432

Balance, June 30, 2019
 
$
22,244

 
$
602

 
$
659

 
$
(817
)
 
$
22,688

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, March 31, 2018
 
$
(19,685
)
 
$
1,104

 
$
924

 
$
(3,163
)
 
$
(20,820
)
Other comprehensive income (loss) before reclassifications
 
(4,501
)
 
—

 
8

 
(245
)
 
(4,738
)
Less: Amounts reclassified from accumulated other comprehensive income (loss)
 
—

 
(117
)
 
(38
)
 
—

 
(155
)
Net current-period other comprehensive (loss) income
 
(4,501
)
 
(117
)
 
(30
)
 
(245
)
 
(4,893
)
Balance, June 30, 2018
 
$
(24,186
)
 
$
987

 
$
894

 
$
(3,408
)
 
$
(25,713
)


(Dollars in thousands)
 
Net change in
investment
securities
available for sale
 
Net change
in investment securities
held to
maturity
 
Net
change in
defined
benefit
plan
 
Net change in
fair value of
derivatives
used for cash
flow hedges
 
Total
Balance, December 31, 2018
 
$
(14,553
)
 
$
779

 
$
834

 
$
(2,454
)
 
$
(15,394
)
Other comprehensive income (loss) before reclassifications
 
36,856

 
(2
)
 
(89
)
 
1,637

 
38,402

Less: Amounts reclassified from accumulated other comprehensive (loss) income
 
(59
)
 
(175
)
 
(86
)
 
—

 
(320
)
Net current-period other comprehensive income (loss)
 
36,797

 
(177
)
 
(175
)
 
1,637

 
38,082

Balance, June 30, 2019
 
$
22,244

 
$
602

 
$
659

 
$
(817
)
 
$
22,688

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, December 31, 2017
 
$
(7,842
)
 
$
1,223

 
$
865

 
$
(2,398
)
 
$
(8,152
)
Other comprehensive income (loss) before reclassifications
 
(16,328
)
 
—

 
8

 
(1,010
)
 
(17,330
)
Less: Amounts reclassified from accumulated other comprehensive income (loss)
 
(16
)
 
(236
)
 
21

 
—

 
(231
)
Net current-period other comprehensive (loss) income
 
(16,344
)
 
(236
)
 
29

 
(1,010
)
 
(17,561
)
Balance, June 30, 2018
 
$
(24,186
)
 
$
987

 
$
894

 
$
(3,408
)
 
$
(25,713
)


The unaudited Consolidated Statements of Income were impacted by components of other comprehensive income (loss) as shown in the table below:
 
 
Three Months Ended June 30,
 
Affected line item in unaudited Consolidated Statements of Income
(Dollars in thousands)
 
2019
 
2018
 
Securities available for sale:
 
 
 
 
 
 
Realized gains on securities transactions
 
$
(63
)
 
$
—

 
Securities gains, net
Income taxes
 
15

 
—

 
Income tax provision
Net of tax
 
$
(48
)
 
$
—

 
 
Net unrealized holding gains on securities transferred between available-for-sale and held-to-maturity:
 
 
 
 
 
 
Amortization of net unrealized gains to income during the period
 
$
(111
)
 
$
(153
)
 
Interest and dividends on investment securities
Income taxes
 
27

 
36

 
Income tax provision
Net of tax
 
$
(84
)
 
$
(117
)
 
 
Amortization of Defined Benefit Pension items:
 
 
 
 
 
 
Prior service costs (credits) (1)
 
$
(19
)
 
$
(19
)
 
 
Actuarial gains
 
(16
)
 
(12
)
 
 
Total before tax
 
$
(35
)
 
$
(31
)
 
Salaries, benefits and other compensation
Income taxes
 
(9
)
 
(7
)
 
Income tax provision
Net of tax
 
(44
)
 
(38
)
 
 
Total reclassifications
 
$
(176
)
 
$
(155
)
 
 

 
 
Six Months Ended June 30,
 
Affected line item in unaudited Consolidated Statements of Income
(Dollars in thousands)
 
2019
 
2018
 
Securities available for sale:
 
 
 
 
 
 
Realized gains on securities transactions
 
$
(78
)
 
$
(21
)
 
Securities gains, net
Income taxes
 
19

 
5

 
Income tax provision
Net of tax
 
$
(59
)
 
$
(16
)
 
 
Net unrealized holding gains on securities transferred between available-for-sale and held-to-maturity:
 
 
 
 
 
 
Amortization of net unrealized gains to income during the period
 
$
(231
)
 
$
(309
)
 
Interest and dividends on investment securities
Income taxes
 
56

 
73

 
Income tax provision
Net of tax
 
$
(175
)
 
$
(236
)
 
 
Amortization of Defined Benefit Pension items:
 
 
 
 
 
 
Prior service costs (credits) (1)
 
$
(38
)
 
$
40

 
 
Transition obligation
 
—

 
—

 
 
Actuarial gains
 
(31
)
 
(23
)
 
 
Total before tax
 
$
(69
)
 
$
17

 
Salaries, benefits and other compensation
Income taxes
 
(17
)
 
4

 
Income tax provision
Net of tax
 
(86
)
 
21

 
 
Total reclassifications
 
$
(320
)
 
$
(231
)
 
 
(1) 
Prior service costs balance for the six months ended June 30, 2018 includes a tax true-up adjustment of $0.1 million from March 31, 2018. Note that the tax true-up was made to the deferred tax asset with an offset to AOCI and does not affect the actual net periodic benefit costs of the pension plan.