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Other Comprehensive Income (Loss) (Tables)
 9 Months Ended
Sep. 30, 2017
Equity [Abstract]  
Activity in Other Comprehensive Income (Loss)
The following tables present the activity in other comprehensive income (loss):
 
 
 
 
 
 
 
 
Three months ended September 30,
2017
 
2016
(Dollars in thousands)
Pre-tax Amounts
Income Taxes
Net of Tax
 
Pre-tax Amounts
Income Taxes
Net of Tax
Securities available for sale:
 
 
 
 
 
 
 
Changes in fair value of securities available for sale

$1,736


$642


$1,094

 

($144
)

($53
)

($91
)
Net gains on securities reclassified into earnings
—

—

—

 
—

—

—

Net change in fair value of securities available for sale

$1,736


$642


$1,094

 

($144
)

($53
)

($91
)
Cash flow hedges:
 
 
 
 
 
 
 
Change in fair value of cash flow hedges
(237
)
(83
)
(154
)
 
(15
)
(11
)
(4
)
Net cash flow hedge losses reclassified into earnings (1)
224

83

141

 
—

—

—

Net change in fair value of cash flow hedges
(13
)
—

(13
)
 
(15
)
(11
)
(4
)
Defined benefit plan obligations:
 
 
 
 
 
 
 
Defined benefit plan obligation adjustment
—

—

—

 
263

97

166

Amortization of net actuarial losses (2)
355

134

221

 
—

—

—

Amortization of net prior service credits (2)
(6
)
(2
)
(4
)
 
—

—

—

Net change in defined benefit plan obligations
349

132

217

 
263

97

166

Total other comprehensive income

$2,072


$774


$1,298

 

$104


$33


$71

(1)
The pre-tax amounts are included in interest expense on Federal Home Loan Bank advances, interest expense on junior subordinated debentures and interest and fees on loans in the Unaudited Consolidated Statements of Income.
(2)
The pre-tax amounts are included in salaries and employee benefits expense in the Unaudited Consolidated Statements of Income.
 
 
 
 
 
 
 
 
Nine months ended September 30,
2017
 
2016
(Dollars in thousands)
Pre-tax Amounts
Income Taxes
Net of Tax
 
Pre-tax Amounts
Income Taxes
Net of Tax
Securities available for sale:
 
 
 
 
 
 
 
Changes in fair value of securities available for sale

$5,274


$1,951


$3,323

 

$2,621


$970


$1,651

Net gains on securities reclassified into earnings
—

—

—

 
—

—

—

Net change in fair value of securities available for sale

$5,274


$1,951


$3,323

 

$2,621


$970


$1,651

Cash flow hedges:
 
 
 
 
 
 
 
Change in fair value of cash flow hedges
(1,064
)
(361
)
(703
)
 
(129
)
(35
)
(94
)
Net cash flow hedge losses reclassified into earnings (1)
539

200

339

 
—

—

—

Net change in fair value of cash flow hedges
(525
)
(161
)
(364
)
 
(129
)
(35
)
(94
)
Defined benefit plan obligations:
 
 
 
 
 
 
 
Defined benefit plan obligation adjustment
(407
)
(150
)
(257
)
 
789

292

497

Amortization of net actuarial losses (2)
1,105

411

694

 
—

—

—

Amortization of net prior service credits (2)
(17
)
(7
)
(10
)
 
—

—

—

Net change in defined benefit plan obligations
681

254

427

 
789

292

497

Total other comprehensive income (loss)

$5,430


$2,044


$3,386

 

$3,281


$1,227


$2,054


(1)
The pre-tax amount is included in interest expense on Federal Home Loan Bank advances, interest expense on junior subordinated debentures and interest and fees on loans in the Unaudited Consolidated Statements of Income.
(2)
The pre-tax amounts are included in salaries and employee benefits expense in the Unaudited Consolidated Statements of Income.
Components of Accumulated Other Comprehensive Income (Loss)
The following tables present the changes in accumulated other comprehensive income (loss) by component, net of tax:
(Dollars in thousands)
Net Unrealized Gains (Losses) on Available For Sale Securities
 
Net Unrealized Losses on Cash Flow Hedges
 
Pension Benefit Adjustment
 
Total
Balance at December 31, 2016

($6,825
)
 

($300
)
 

($12,632
)
 

($19,757
)
Other comprehensive income (loss) before reclassifications
3,323

 
(703
)
 
—

 
2,620

Amounts reclassified from accumulated other comprehensive income
—

 
339

 
427

 
766

Net other comprehensive income (loss)
3,323

 
(364
)
 
427

 
3,386

Balance at September 30, 2017

($3,502
)
 

($664
)
 

($12,205
)
 

($16,371
)


(Dollars in thousands)
Net Unrealized Gains on Available For Sale Securities
 
Net Unrealized Losses on Cash Flow Hedges
 
Pension Benefit Adjustment
 
Total
Balance at December 31, 2015

$1,051

 

($43
)
 

($10,707
)
 

($9,699
)
Other comprehensive income (loss) before reclassifications
1,651

 
(94
)
 
—

 
1,557

Amounts reclassified from accumulated other comprehensive income
—

 
—

 
497

 
497

Net other comprehensive income (loss)
1,651

 
(94
)
 
497

 
2,054

Balance at September 30, 2016

$2,702

 

($137
)
 

($10,210
)
 

($7,645
)