Change in Accumulated Other Comprehensive (Loss) Income |
CHANGE IN ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME Accumulated other comprehensive (loss) income 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) income are presented net of tax as a component of stockholders' equity. Amounts that are reclassified out of accumulated other comprehensive (loss) income are recorded on the Consolidated Statement of Income either as a gain or loss. Changes to accumulated other comprehensive (loss) income 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 securities held to maturity | | Net change in defined benefit plan | | Net change in fair value of derivative used for cash flow hedge | | Total | Balance, June 30, 2017 | | $ | (4,342 | ) | | $ | 1,194 |
| | $ | 912 |
| | $ | (1,622 | ) | | $ | (3,858 | ) | Other comprehensive income before reclassifications | | 1,289 |
| | — |
| | — |
| | 42 |
| | 1,331 |
| Less: Amounts reclassified from accumulated other comprehensive (loss) income | | (475 | ) | | (99 | ) | | (22 | ) | | — |
| | (596 | ) | Net current-period other comprehensive income (loss) | | 814 |
| | (99 | ) | | (22 | ) | | 42 |
| | 735 |
| Balance, September 30, 2017 | | $ | (3,528 | ) | | $ | 1,095 |
| | $ | 890 |
| | $ | (1,580 | ) | | $ | (3,123 | ) | Balance, June 30, 2016 | | $ | 12,841 |
| | $ | 1,592 |
| | $ | 1,244 |
| | $ | — |
| | $ | 15,677 |
| Other comprehensive (loss) income before reclassifications | | (1,112 | ) | | — |
| | — |
| | 61 |
| | (1,051 | ) | Less: Amounts reclassified from accumulated other comprehensive income | | (645 | ) | | (102 | ) | | (20 | ) | | — |
| | (767 | ) | Net current-period other comprehensive (loss) income | | (1,757 | ) | | (102 | ) | | (20 | ) | | 61 |
| | (1,818 | ) | Balance, September 30, 2016 | | $ | 11,084 |
| | $ | 1,490 |
| | $ | 1,224 |
| | $ | 61 |
| | $ | 13,859 |
| | | | | | | | | | | | Balance, December 31, 2016 | | $ | (8,194 | ) | | $ | 1,392 |
| | $ | 957 |
| | $ | (1,772 | ) | | $ | (7,617 | ) | Other comprehensive income before reclassifications | | 5,802 |
| | — |
| | — |
| | 192 |
| | 5,994 |
| Less: Amounts reclassified from accumulated other comprehensive (loss) income | | (1,136 | ) | | (297 | ) | | (67 | ) | | — |
| | (1,500 | ) | Net current-period other comprehensive income (loss) | | 4,666 |
| | (297 | ) | | (67 | ) | | 192 |
| | 4,494 |
| Balance, September 30, 2017 | | $ | (3,528 | ) | | $ | 1,095 |
| | $ | 890 |
| | $ | (1,580 | ) | | $ | (3,123 | ) | Balance, December 31, 2015 | | $ | (1,887 | ) | | $ | 1,795 |
| | $ | 788 |
| | $ | — |
| | $ | 696 |
| Other comprehensive income before reclassifications | | 14,143 |
| | — |
| | — |
| | 61 |
| | 14,204 |
| Less: Amounts reclassified from accumulated other comprehensive (loss) income | | (1,172 | ) | | (305 | ) | | 436 |
| | — |
| | (1,041 | ) | Net current-period other comprehensive income (loss) | | 12,971 |
| | (305 | ) | | 436 |
| | 61 |
| | 13,163 |
| Balance, September 30, 2016 | | $ | 11,084 |
| | $ | 1,490 |
| | $ | 1,224 |
| | $ | 61 |
| | $ | 13,859 |
|
The Consolidated Statements of Income were impacted by components of other comprehensive income (loss) as shown in the table below: | | | | | | | | | | | | (Dollars in thousands) | | Three Months Ended September 30, | | Affected line item in Consolidated Statements of Income | | | 2017 | | 2016 | | Securities available for sale: | | | | | | | Realized gains on securities transactions | | $ | (736 | ) | | $ | (1,040 | ) | | Security gains, net | Income taxes | | 261 |
| | 395 |
| | Income tax provision | Net of tax | | $ | (475 | ) | | $ | (645 | ) | | | 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 | | $ | (159 | ) | | $ | (162 | ) | | Interest income on investment securities | Income taxes | | 60 |
| | 60 |
| | Income tax provision | Net of tax | | $ | (99 | ) | | $ | (102 | ) | | | Amortization of Defined Benefit Pension items: | | | | | | | Prior service (credits) costs | | $ | (19 | ) | | $ | (18 | ) | | | Actuarial (gains) losses | | (18 | ) | | (16 | ) | | | Total before tax | | $ | (37 | ) | | $ | (34 | ) | | Salaries, benefits and other compensation | Income taxes | | 15 |
| | 14 |
| | Income tax provision | Net of tax | | (22 | ) | | (20 | ) | | | Total reclassifications | | $ | (596 | ) | | $ | (767 | ) | | |
| | | | | | | | | | | | (Dollars in thousands) | | Nine Months Ended September 30, | | Affected line item in Consolidated Statements of Income | | | 2017 | | 2016 | | Securities available for sale: | | | | | | | Realized gains on securities transactions | | $ | (1,764 | ) | | $ | (1,890 | ) | | Security gains, net | Income taxes | | 628 |
| | 718 |
| | Income tax provision | Net of tax | | $ | (1,136 | ) | | $ | (1,172 | ) | | | 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 | | $ | (478 | ) | | $ | (492 | ) | | Interest income on investment securities | Income taxes | | 181 |
| | 187 |
| | Income tax provision | Net of tax | | $ | (297 | ) | | $ | (305 | ) | | | Amortization of Defined Benefit Pension items: | | | | | | | Prior service (credits) costs | | $ | (57 | ) | | $ | (44 | ) | | | Actuarial (gains) losses | | (52 | ) | | 746 |
| | | Total before tax | | $ | (109 | ) | | $ | 702 |
| | Salaries, benefits and other compensation | Income taxes | | 42 |
| | (266 | ) | | Income tax provision | Net of tax | | (67 | ) | | 436 |
| | | Total reclassifications | | $ | (1,500 | ) | | $ | (1,041 | ) | | |
|