Accumulated Other Comprehensive Income (Loss) (“AOCI”)

3 Months Ended

Mar. 31, 2020

Accumulated Other Comprehensive Income (“AOCI”)

Accumulated Other Comprehensive Income (“AOCI”)

3) Accumulated Other Comprehensive Income (Loss) (“AOCI”)

The following table reflects the changes in AOCI by component for the periods indicated:

	Three Months Ended March 31, 2020 and 2019
			Unamortized
			Unrealized
	Unrealized		Gain on
	Gains (Losses) on		Available-
	Available-		for-Sale		Defined
	for-Sale		Securities		Benefit
	Securities		Reclassified		Pension
	and I/O		to Held-to-		Plan
	Strips		Maturity		Items(1)		Total
	(Dollars in thousands)
Beginning balance January 1, 2020, net of taxes	$	1,602	$	298	$	(11,678)	$	(9,778)
Other comprehensive income (loss) before reclassification,
net of taxes		5,096		—		4		5,100
Amounts reclassified from other comprehensive income (loss),
net of taxes		(71)		(9)		49		(31)
Net current period other comprehensive income (loss),
net of taxes		5,025		(9)		53		5,069
Ending balance March 31, 2020, net of taxes	$	6,627	$	289	$	(11,625)	$	(4,709)
Beginning balance January 1, 2019, net of taxes	$	(5,007)	$	344	$	(7,718)	$	(12,381)
Other comprehensive (loss) before reclassification,
net of taxes		3,404		—		(7)		3,397
Amounts reclassified from other comprehensive income (loss),
net of taxes		—		(18)		15		(3)
Net current period other comprehensive income (loss),
net of taxes		3,404		(18)		8		3,394
Ending balance March 31, 2019, net of taxes	$	(1,603)	$	326	$	(7,710)	$	(8,987)

(1) This AOCI component is included in the computation of net periodic benefit cost (see Note 9—Benefit Plans) and includes split-dollar life insurance benefit plan.

	Amounts Reclassified from
	AOCI(1)
	Three Months Ended
	March 31,				Affected Line Item Where
Details About AOCI Components	2020		2019		Net Income is Presented
	(Dollars in thousands)
Unrealized gains on available-for-sale securities
and I/O strips	$	100	$	—	Gain on sales of securities
		(29)		—	Income tax expense
		71		—	Net of tax
Amortization of unrealized gain on securities available-
for-sale that were reclassified to securities
held-to-maturity		13		26	Interest income on taxable securities
		(4)		(8)	Income tax expense
		9		18	Net of tax
Amortization of defined benefit pension plan items (1)
Prior transition obligation		15		25
Actuarial losses		(85)		(46)
		(70)		(21)	Other noninterest expense
		21		6	Income tax benefit
		(49)		(15)	Net of tax
Total reclassification for the period	$	31	$	3

(1) This AOCI component is included in the computation of net periodic benefit cost (see Note 9—Benefit Plans) and includes split-dollar life insurance benefit plan.