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CHANGE IN ACCUMULATED OTHER COMPREHENSIVE LOSS
 9 Months Ended
Sep. 30, 2018
Equity [Abstract]  
CHANGE IN ACCUMULATED OTHER COMPREHENSIVE LOSS
14. CHANGE IN ACCUMULATED OTHER COMPREHENSIVE LOSS
Accumulated other comprehensive 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, June 30, 2018
 
$
(24,186
)
 
$
987

 
$
894

 
$
(3,408
)
 
$
(25,713
)
Other comprehensive (loss) income before reclassifications
 
(6,042
)
 
—

 
7

 
(109
)
 
(6,144
)
Less: Amounts reclassified from accumulated other comprehensive (loss) income
 
—

 
(107
)
 
(37
)
 
—

 
(144
)
Net current-period other comprehensive loss
 
(6,042
)
 
(107
)
 
(30
)
 
(109
)
 
(6,288
)
Balance, September 30, 2018
 
$
(30,228
)
 
$
880

 
$
864

 
$
(3,517
)
 
$
(32,001
)
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 income
 
(475
)
 
(99
)
 
(22
)
 
—

 
(596
)
Net current-period other comprehensive (loss) income
 
814

 
(99
)
 
(22
)
 
42

 
735

Balance, September 30, 2017
 
$
(3,528
)
 
$
1,095

 
$
890

 
$
(1,580
)
 
$
(3,123
)
 
 
 
 
 
 
 
 
 
 
 
Balance, December 31, 2017
 
$
(7,842
)
 
$
1,223

 
$
865

 
$
(2,398
)
 
$
(8,152
)
Other comprehensive (loss) income before reclassifications
 
(22,370
)
 
—

 
15

 
(1,119
)
 
(23,474
)
Less: Amounts reclassified from accumulated other comprehensive (loss) income
 
(16
)
 
(343
)
 
(16
)
 
—

 
(375
)
Net current-period other comprehensive (loss) income
 
(22,386
)
 
(343
)
 
(1
)
 
(1,119
)
 
(23,849
)
Balance, September 30, 2018
 
$
(30,228
)
 
$
880

 
$
864

 
$
(3,517
)
 
$
(32,001
)
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 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
)

The unaudited Consolidated Statements of Income were impacted by components of other comprehensive income (loss) as shown in the table below:
 
 
Three Months Ended September 30,
 
Affected line item in unaudited Consolidated Statements of Income
(Dollars in thousands)
 
2018
 
2017
 
Securities available for sale:
 
 
 
 
 
 
Realized gains on securities transactions
 
$
—

 
$
(736
)
 
Securities gains, net
Income taxes
 
—

 
261

 
Income tax provision
Net of tax
 
$
—

 
$
(475
)
 
 
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
 
$
(142
)
 
$
(159
)
 
Interest and dividends on investment securities
Income taxes
 
35

 
60

 
Income tax provision
Net of tax
 
$
(107
)
 
$
(99
)
 
 
Amortization of Defined Benefit Pension items:
 
 
 
 
 
 
Prior service costs (credits)
 
$
(19
)
 
$
(19
)
 
 
Actuarial gains
 
(11
)
 
(18
)
 
 
Total before tax
 
$
(30
)
 
$
(37
)
 
Salaries, benefits and other compensation
Income taxes
 
(7
)
 
15

 
Income tax provision
Net of tax
 
(37
)
 
(22
)
 
 
Total reclassifications
 
$
(144
)
 
$
(596
)
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended
 
Affected line item in unaudited Consolidated
Statements of Operations
 
 
September 30,
 
 
 
2018
 
2017
 
 
Securities available-for-sale:
 
 
 
 
 
 
Realized gains on securities transactions
 
$
(21
)
 
$
(1,764
)
 
Securities gains, net
Income taxes
 
5

 
628

 
Income tax provision
Net of tax
 
$
(16
)
 
$
(1,136
)
 
 
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
 
$
(451
)
 
$
(478
)
 
Interest and dividends on investment securities
Income taxes
 
108

 
181

 
Income tax provision
Net of tax
 
$
(343
)
 
$
(297
)
 
 
Amortization of defined benefit pension plan-related items:
 
 
 
 
 
 
Prior service costs (credits)(1)
 
$
21

 
$
(57
)
 
 
Actuarial gains
 
(34
)
 
(52
)
 
 
Total before tax
 
$
(13
)
 
$
(109
)
 
Salaries, benefits and other compensation
Income taxes
 
(3
)
 
42

 
Income tax provision
Net of tax
 
$
(16
)
 
$
(67
)
 
 
Total reclassifications
 
$
(375
)
 
$
(1,500
)
 
 

(1) 
Prior service costs balance for the nine months ended September 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.