Accumulated Other Comprehensive Income (Loss) ("AOCI")

6 Months Ended

Jun. 30, 2020

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

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


	Three Months Ended June 30, 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 April 1, 2020, net of taxes	$	6,627	$	289	$	(11,625)	$	(4,709)
Other comprehensive loss before reclassification,
net of taxes		(395)		—		(10)		(405)
Amounts reclassified from other comprehensive income (loss),
net of taxes		(120)		(9)		63		(66)
Net current period other comprehensive income (loss),
net of taxes		(515)		(9)		53		(471)

Ending balance June 30, 2020, net of taxes	$	6,112	$	280	$	(11,572)	$	(5,180)

Beginning balance April 1, 2019, net of taxes	$	(1,603)	$	326	$	(7,710)	$	(8,987)
Other comprehensive income (loss) before reclassification,
net of taxes		3,072		—		(7)		3,065
Amounts reclassified from other comprehensive income (loss),
net of taxes		(386)		(9)		15		(380)
Net current period other comprehensive income (loss),
net of taxes		2,686		(9)		8		2,685

Ending balance June 30, 2019, net of taxes	$	1,083	$	317	$	(7,702)	$	(6,302)

(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.


	Six Months Ended June 30, 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		4,701		—		(6)		4,695
Amounts reclassified from other comprehensive income (loss),
net of taxes		(191)		(18)		112		(97)
Net current period other comprehensive income (loss),
net of taxes		4,510		(18)		106		4,598

Ending balance June 30, 2020, net of taxes	$	6,112	$	280	$	(11,572)	$	(5,180)

Beginning balance January 1, 2019, net of taxes	$	(5,007)	$	344	$	(7,718)	$	(12,381)
Other comprehensive income (loss) before reclassification,
net of taxes		6,476		—		(14)		6,462
Amounts reclassified from other comprehensive income (loss),
net of taxes		(386)		(27)		30		(383)
Net current period other comprehensive income (loss),
net of taxes		6,090		(27)		16		6,079

Ending balance June 30, 2019, net of taxes	$	1,083	$	317	$	(7,702)	$	(6,302)

(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
	June 30,				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	$	170	$	548	Gain on sales of securities
		(50)		(162)	Income tax expense
		120		386	Net of tax
Amortization of unrealized gain on securities available-
for-sale that were reclassified to securities
held-to-maturity		13		13	Interest income on taxable securities
		(4)		(4)	Income tax expense
		9		9	Net of tax

Amortization of defined benefit pension plan items ⁽¹⁾
Prior transition obligation		15		24
Actuarial losses		(105)		(46)
		(90)		(22)	Other noninterest expense
		27		7	Income tax benefit
		(63)		(15)	Net of tax
Total reclassification for the period	$	66	$	380


	Amounts Reclassified from
	AOCI(1)
	Six Months Ended
	June 30,				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	$	270	$	548	Gain on sales of securities
		(79)		(162)	Income tax expense
		191		386	Net of tax
Amortization of unrealized gain on securities
available-for-sale that were reclassified to securities
held-to-maturity		26		39	Interest income on taxable securities
		(8)		(12)	Income tax expense
		18		27	Net of tax
Amortization of defined benefit pension plan items ⁽¹⁾
Prior transition obligation		30		49
Actuarial losses		(190)		(92)
		(160)		(43)	Other noninterest expense
		48		13	Income tax benefit
		(112)		(30)	Net of tax
Total reclassification from AOCI for the period	$	97	$	383

(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.