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Other Comprehensive Income
6 Months Ended
Jun. 30, 2017
Equity [Abstract]  
OTHER COMPREHENSIVE INCOME
The following table presents the change in components of other comprehensive income (loss) for the periods presented, net of tax effects.
 
Three Months Ended June 30, 2017
 
Three months ended June 30, 2016
(dollars in thousands)
Pre-Tax
Amount

 
Tax
(Expense)
Benefit

 
Net of Tax
Amount

 
Pre-Tax
Amount

 
Tax
(Expense)
Benefit

 
Net of Tax
Amount

Change in net unrealized gains/(losses) on securities available-for-sale
$
2,672

 
$
(938
)
 
$
1,734

 
$
4,636

 
$
(1,622
)
 
$
3,014

Reclassification adjustment for net (gains)/losses on securities available-for-sale included in net income (1)
(3,617
)
 
1,270

 
(2,347
)
 

 

 

Adjustment to funded status of employee benefit plans
539

 
(188
)
 
351

 
545

 
(191
)
 
354

Other Comprehensive Income/(Loss)
$
(406
)
 
$
144

 
$
(262
)
 
$
5,181

 
$
(1,813
)
 
$
3,368

(1) Reclassification adjustments are comprised of realized security gains or losses. The realized gains or losses have been reclassified out of accumulated other comprehensive income/(loss) and have affected certain lines in the Consolidated Statements of Comprehensive Income as follows; the pre-tax amount is included in securities gains/losses-net, the tax expense amount is included in the provision for income taxes and the net of tax amount is included in net income.
 
 
 
 
 
Six Months Ended June 30, 2017
 
Six Months Ended June 30, 2016
(dollars in thousands)
Pre-Tax
Amount

 
Tax
(Expense)
Benefit

 
Net of Tax
Amount

 
Pre-Tax
Amount

 
Tax
(Expense)
Benefit

 
Net of Tax
Amount

Change in net unrealized gains/(losses) on securities available-for-sale
$
4,335

 
$
(1,523
)
 
$
2,812

 
$
13,669

 
$
(4,784
)
 
$
8,885

Reclassification adjustment for net (gains)/losses on securities available-for-sale included in net income (1)
(3,987
)
 
1,400

 
(2,587
)
 

 

 

Adjustment to funded status of employee benefit plans
1,078

 
(377
)
 
701

 
4,345

 
(1,521
)
 
2,824

Other Comprehensive Income
$
1,426

 
$
(500
)
 
$
926

 
$
18,014

 
$
(6,305
)
 
$
11,709

(1) Reclassification adjustments are comprised of realized security gains or losses. The realized gains or losses have been reclassified out of accumulated other comprehensive income/(loss) and have affected certain lines in the Consolidated Statement of Comprehensive Income as follows; the pre-tax amount is included in securities gains/losses-net, the tax expense amount is included in the provision for income taxes and the net of tax amount is included in net income.