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Other Comprehensive Income
 6 Months Ended
Jun. 30, 2019
Equity [Abstract]  
Other Comprehensive Income

16.

Other Comprehensive Income

The following table presents the changes in accumulated other comprehensive income (loss) during the period, by component, net of tax:

 

 

 

Three Months Ended June 30, 2019

 

 

Three Months Ended June 30, 2018

 

 

 

Before Tax

Amount

 

 

Tax (Expense)

or Benefit

 

 

Net-of-tax

Amount

 

 

Before Tax

Amount

 

 

Tax (Expense)

or Benefit

 

 

Net-of-tax

Amount

 

 

 

(dollars in thousands)

 

Unrealized (losses)/gains on available for sale securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized holding (losses)/gains arising during period

 

$

1,909

 

 

$

(456

)

 

$

1,453

 

 

$

(550

)

 

$

127

 

 

$

(423

)

Reclassification adjustment for (gains)/losses recognized in net income

 

 

(6

)

 

 

2

 

 

 

(4

)

 

 

(2

)

 

 

—

 

 

 

(2

)

Derivatives

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in interest rate contracts

 

 

1,696

 

 

 

(477

)

 

 

1,219

 

 

 

—

 

 

 

—

 

 

 

—

 

Defined benefit retirement plans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in retirement liability

 

 

36

 

 

 

(10

)

 

 

26

 

 

 

15

 

 

 

(5

)

 

 

10

 

Total Other Comprehensive (Loss)/Income

 

$

3,635

 

 

$

(941

)

 

$

2,694

 

 

$

(537

)

 

$

122

 

 

$

(415

)

 

 

 

 

Six Months Ended June 30, 2019

 

 

Six Months Ended June 30, 2018

 

 

 

Before Tax

Amount

 

 

Tax (Expense)

or Benefit

 

 

Net-of-tax

Amount

 

 

Before Tax

Amount

 

 

Tax (Expense)

or Benefit

 

 

Net-of-tax

Amount

 

 

 

(dollars in thousands)

 

Unrealized (losses)/gains on available for sale securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized holding (losses)/gains arising during period

 

$

3,334

 

 

$

(786

)

 

$

2,548

 

 

$

(2,228

)

 

$

453

 

 

$

(1,775

)

Reclassification adjustment for (gains)/losses recognized in net income

 

 

81

 

 

 

(19

)

 

 

62

 

 

 

(2

)

 

 

—

 

 

 

(2

)

Derivatives

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in interest rate contracts

 

 

1,654

 

 

 

(465

)

 

 

1,189

 

 

 

—

 

 

 

—

 

 

 

—

 

Defined benefit retirement plans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in retirement liability

 

 

72

 

 

 

(20

)

 

 

52

 

 

 

29

 

 

 

(9

)

 

 

20

 

Total Other Comprehensive (Loss)/Income

 

$

5,141

 

 

$

(1,290

)

 

$

3,851

 

 

$

(2,201

)

 

$

444

 

 

$

(1,757

)

 

Reclassifications out of Accumulated Other Comprehensive Income (“AOCI”) that have an impact on net income are presented below:

 

Three Months Ended June 30,

Details about Accumulated Other Comprehensive

Income Components

 

2019

 

 

2018

 

 

Affected Line Item in the

Statement where Net Income

is Presented

 

 

(dollars in thousands)

 

 

 

Unrealized gains and losses on available

   for sale securities

 

$

6

 

 

$

2

 

 

Gain/(loss) on disposition of

   investment securities

Tax benefit or (expense)

 

 

(2

)

 

 

—

 

 

Provision for income taxes

Net of tax

 

$

4

 

 

$

2

 

 

Net income

 

Six Months Ended June 30,

Details about Accumulated Other Comprehensive

Income Components

 

2019

 

 

2018

 

 

Affected Line Item in the

Statement where Net Income

is Presented

 

 

(dollars in thousands)

 

 

 

Unrealized gains and losses on available

   for sale securities

 

$

(81

)

 

$

2

 

 

Gain/(loss) on disposition of

   investment securities

Tax benefit or (expense)

 

 

19

 

 

 

—

 

 

Provision for income taxes

Net of tax

 

$

(62

)

 

$

2

 

 

Net income