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Accumulated Other Comprehensive Loss
6 Months Ended
Jun. 30, 2018
Equity [Abstract]  
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss
The following table summarizes the changes within each component of accumulated other comprehensive income (loss), net of related tax benefit/expense for the three and six months ended June 30, 2018, and 2017:
(Dollars in thousands)
 
Unrealized gains
(losses) on securities
available-for-sale,
net of tax
 
Defined Benefit Pension Plans
 
Unrealized gains (losses) on cash flow hedges, net of tax
 
Total
For the three months ended June 30, 2018
 
 
 
 
 
 
 
 
Beginning balance
 
$
(32,501
)
 
$
(19,696
)
 
$
11,143

 
$
(41,054
)
Other comprehensive income (loss) before reclassifications
 
(9,182
)
 

 
3,240

 
(5,942
)
Amounts reclassified from accumulated other comprehensive income
 
(2
)
 
112

 
(465
)
 
(355
)
Net current period other comprehensive income (loss)
 
(9,184
)
 
112

 
2,775

 
(6,297
)
Ending balance
 
$
(41,685
)
 
$
(19,584
)
 
$
13,918

 
$
(47,351
)
For the three months ended June 30, 2017
 
 
 
 
 
 
 
 
Beginning balance
 
$
(12,420
)
 
$
(25,545
)
 
$

 
$
(37,965
)
Other comprehensive income (loss) before reclassifications
 
3,593

 

 
(466
)
 
3,127

Amounts reclassified from accumulated other comprehensive income
 
(50
)
 
350

 
409

 
709

Net current period other comprehensive income (loss)
 
3,543

 
350

 
(57
)
 
3,836

Ending balance
 
$
(8,877
)
 
$
(25,195
)
 
$
(57
)
 
$
(34,129
)
For the six months ended June 30, 2018
 
 
 
 
 
 
 
 
Beginning balance at December 31, 2017
 
$
(10,348
)
 
$
(19,808
)
 
$
4,658

 
$
(25,498
)
Cumulative effect adjustment of change in accounting policy, net of tax impact(1)
 
(344
)
 

 
3

 
(341
)
Beginning balance at January 1, 2018
 
(10,692
)
 
(19,808
)
 
4,661

 
(25,839
)
Other comprehensive income (loss) before reclassifications
 
(30,991
)
 

 
9,531

 
(21,460
)
Amounts reclassified from accumulated other comprehensive income
 
(2
)
 
224

 
(274
)
 
(52
)
Net current period other comprehensive income (loss)
 
(30,993
)
 
224

 
9,257

 
(21,512
)
Ending balance
 
$
(41,685
)
 
$
(19,584
)
 
$
13,918

 
$
(47,351
)
For the six months ended June 30, 2017
 
 
 
 
 
 
 
 
Beginning balance at December 31, 2016
 
$
(14,142
)
 
$
(25,894
)
 
$

 
$
(40,036
)
Other comprehensive income (loss) before reclassifications
 
5,374

 

 
(466
)
 
4,908

Amounts reclassified from accumulated other comprehensive income
 
(109
)
 
699

 
409

 
999

Net current period other comprehensive income (loss)
 
5,265

 
699

 
(57
)
 
5,907

Ending balance
 
$
(8,877
)
 
$
(25,195
)
 
$
(57
)
 
$
(34,129
)

(1) 
Refer to Note 1, Basis of Presentation and Significant Accounting Policies, Note 3, Investment Securities, and Note 9, Derivative Instruments and Balance Sheet Offsetting, for further details on the changes in accounting policy.

The following table summarizes the amounts reclassified out of each component of accumulated other comprehensive income (loss) for the three and six months ended June 30, 2018, and 2017:
(Dollars in thousands)
 
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)
 
Affected Line Item in the Income Statement
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
 
 
2018
 
2017
 
2018
 
2017
 
 
Gains on available-for-sale securities
 
$
3

 
$
77

 
$
3

 
$
167

 
Net gain on sale of investment securities (noninterest income)
 
 
(1
)
 
(27
)
 
(1
)
 
(58
)
 
Income tax expense
 
 
$
2

 
$
50

 
$
2

 
$
109

 
Net Income
Amortization of defined benefit pension plan items
 
$
142

 
$
539

 
$
284

 
$
1,076

 
Salaries, wages and employee benefits (operating expenses)
 
 
(30
)
 
(189
)
 
(60
)
 
(377
)
 
Income tax benefit
 
 
$
112

 
$
350

 
224

 
$
699

 
Net Loss
Gains and losses on cash flow hedges
 
$
589

 
$
(466
)
 
$
347

 
$
(466
)
 
Interest on short-term borrowings (interest expense)
 
 
(124
)
 
57

 
(73
)
 
57

 
Income tax (benefit)/expense
 
 
$
465

 
$
(409
)
 
$
274

 
$
(409
)
 
Net (Income)/Loss