Other Comprehensive Income/(Loss) (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of Tax Effects of Components of Other Comprehensive Loss

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, 2020													Three Months Ended June 30, 2019
(dollars in thousands)	Pre-Tax Amount			Tax (Expense) Benefit				Net of Tax Amount			Pre-Tax Amount			Tax Benefit (Expense)		Net of Tax Amount
Change in net unrealized gains/(losses) on debt securities available-for-sale		$	4,201	$	(894)	$	3,307		$	8,968		$	(1,912)	$	7,056
Reclassification adjustment for net (gains)/losses on debt securities available-for-sale included in net income ⁽¹⁾		(142)		30		(112)			—			—		—
Adjustment to funded status of employee benefit plans		464		(99)		365			452			(96)		356
Other Comprehensive Income (Loss)		$	4,523	$	(963)	$	3,560		$	9,420		$	(2,008)	$	7,412

	Six Months Ended June 30, 2020													Six Months Ended June 30, 2019
(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 available-for-sale debt securities		$	25,765	$	(5,482)	$	20,283		$	16,366		$	(3,490)	$	12,876
Reclassification adjustment for net (gains)/losses on debt securities available-for-sale included in net income ⁽¹⁾		(142)		30		(112)			—			—		—
Adjustment to funded status of employee benefit plans		929		(198)		731			905			(193)		712
Other Comprehensive Income/(Loss)		$	26,552	$	(5,650)	$	20,902		$	17,271		$	(3,683)	$	13,588

⁽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 (Loss) Income as follows: the pre-tax amount is included in net gain on sale of securities, the tax expense amount is included in the provision for income taxes and the net of tax amount is included in net income.