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Accumulated Other Comprehensive Income (Loss) (Tables)
 3 Months Ended
Mar. 31, 2020
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Components of other comprehensive income

The following table presents the components of other comprehensive income (loss) for the three months ended March 31, 2020, and March 31, 2019:
(dollars in thousands)
Before Tax

 
Tax Effect

 
Net of Tax

Three Months Ended March 31, 2020
 

 
 

 
 

Net Unrealized Gains (Losses) on Investment Securities:
 

 
 

 
 

Net Unrealized Gains (Losses) Arising During the Period
$
56,556

 
$
14,989

 
$
41,567

Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) that (Increase) Decrease Net Income:
 
 
 
 
 
  (Gain) Loss on Sale
(77
)
 
(21
)
 
$
(56
)
  Amortization of Unrealized Holding (Gains) Losses on Held-to-Maturity Securities 1
65

 
17

 
48

Net Unrealized Gains (Losses) on Investment Securities
56,544

 
14,985

 
41,559

Defined Benefit Plans:
 

 
 

 
 

Amortization of Net Actuarial Losses (Gains)
570

 
152

 
418

Amortization of Prior Service Credit
(61
)
 
(17
)
 
(44
)
Defined Benefit Plans, Net
509

 
135

 
374

Other Comprehensive Income (Loss)
$
57,053

 
$
15,120

 
$
41,933

 
 
 
 
 
 
Three Months Ended March 31, 2019
 

 
 

 
 

Net Unrealized Gains (Losses) on Investment Securities:
 

 
 

 
 

Net Unrealized Gains (Losses) Arising During the Period
$
8,952

 
$
2,371

 
$
6,581

Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) that (Increase) Decrease Net Income:
 
 
 
 
 
  (Gain) Loss on Sale
64

 
17

 
$
47

  Amortization of Unrealized Holding (Gains) Losses on Held-to-Maturity Securities 1
396

 
105

 
291

Net Unrealized Gains (Losses) on Investment Securities
9,412

 
2,493

 
6,919

Defined Benefit Plans:
 

 
 

 
 

Amortization of Net Actuarial Losses (Gains)
406

 
107

 
299

Amortization of Prior Service Credit
(72
)
 
(19
)
 
(53
)
Defined Benefit Plans, Net
334

 
88

 
246

Other Comprehensive Income (Loss)
$
9,746

 
$
2,581

 
$
7,165


1 
The amount relates to the amortization/accretion of unrealized net gains and losses related to the Company’s reclassification of available-for-sale investment securities to the held-to-maturity category. The unrealized net gains/losses will be amortized/accreted over the remaining life of the investment securities as an adjustment of yield.
Schedule of accumulated other comprehensive income (loss)
The following table presents the changes in each component of accumulated other comprehensive income (loss), net of tax, for the three months ended March 31, 2020, and March 31, 2019:
(dollars in thousands)
 
Investment Securities-Available-for-Sale

 
Investment Securities-Held-to-Maturity

 
Defined Benefit Plans

 
Accumulated Other Comprehensive Income (Loss)

Three Months Ended March 31, 2020
 
 
 
 
 
 
 
 
Balance at Beginning of Period
 
$
8,359

 
$
(715
)
 
$
(38,756
)
 
$
(31,112
)
Other Comprehensive Income (Loss) Before Reclassifications
 
41,567

 
—

 
—

 
41,567

Amounts Reclassified from Accumulated Other
        Comprehensive Income (Loss)
 
(56
)
 
48

 
374

 
366

Total Other Comprehensive Income (Loss)
 
41,511

 
48

 
374

 
41,933

Balance at End of Period
 
$
49,870

 
$
(667
)
 
$
(38,382
)
 
$
10,821

 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2019
 
 
 
 
 
 
 
 
Balance at Beginning of Period
 
$
(10,447
)
 
$
(4,586
)
 
$
(36,010
)
 
$
(51,043
)
Other Comprehensive Income (Loss) Before Reclassifications
 
6,581

 
—

 
—

 
6,581

Amounts Reclassified from Accumulated Other
        Comprehensive Income (Loss)
 
47

 
291

 
246

 
584

Total Other Comprehensive Income (Loss)
 
6,628

 
291

 
246

 
7,165

Balance at End of Period
 
$
(3,819
)
 
$
(4,295
)
 
$
(35,764
)
 
$
(43,878
)
Reclassification out of accumulated other comprehensive income
The following table presents the amounts reclassified out of each component of accumulated other comprehensive income (loss) for the three months ended March 31, 2020, and March 31, 2019:
Details about Accumulated Other
Comprehensive Income (Loss) Components
Amount Reclassified from Accumulated Other Comprehensive Income (Loss)1
 
Affected Line Item in the Statement Where Net Income Is Presented
 
Three Months Ended March 31,
 
(dollars in thousands)
2020

2019

 
Amortization of Unrealized Holding Gains (Losses) on
     Investment Securities Held-to-Maturity
$
(65
)
$
(396
)
Interest Income
 
17

105

Provision for Income Tax
 
(48
)
(291
)
Net of Tax
Sale of Investment Securities Available-for-Sale
77

(64
)
Investment Securities Gains (Losses), Net

 
(21
)
17

Provision for Income Tax
 
56

(47
)
Net of tax
 
 
 
 
Amortization of Defined Benefit Plan Items
 
 
 
Prior Service Credit 2
61

72

 
Net Actuarial Losses 2
(570
)
(406
)
 
 
(509
)
(334
)
Total Before Tax
 
135

88

Provision for Income Tax
 
(374
)
(246
)
Net of Tax
 
 
 
 
Total Reclassifications for the Period
$
(366
)
$
(584
)
Net of Tax
1 
Amounts in parentheses indicate reductions to net income.
2 
These accumulated other comprehensive income (loss) components are included in the computation of net periodic benefit cost and are included in Other Noninterest Expense on the consolidated statements of income (see Note 11 Pension Plans and Postretirement Benefit Plan for additional details).