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Accumulated Other Comprehensive Inocme (Loss)
12 Months Ended
Dec. 31, 2015
Accumulated Other Comprehensive Income (Loss)  
Accumulated Other Comprehensive Income (Loss)

Note 15—Accumulated Other Comprehensive Income (Loss)

The changes in each components of accumulated other comprehensive income (loss), net of tax, were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

Unrealized Gains

    

 

 

    

 

 

 

 

 

 

 

and Losses

 

Gains and

 

 

 

 

 

 

 

 

on Securities

 

Losses on

 

 

 

 

 

Benefit

 

Available

 

Cash Flow

 

 

 

(Dollars in thousands)

 

Plans

 

for Sale

 

Hedges

 

Total

Balance at December 31, 2012

 

$

(7,458)

 

$

8,764

 

$

(930)

 

$

376

Other comprehensive income (loss) before reclassifications

 

 

3,555

 

 

(14,337)

 

 

175

 

 

(10,607)

Amounts reclassified from accumulated other comprehensive income (loss)

 

 

318

 

 

 —

 

 

190

 

 

508

Net comprehensive income (loss)

 

 

3,873

 

 

(14,337)

 

 

365

 

 

(10,099)

Balance at December 31, 2013

 

 

(3,585)

 

 

(5,573)

 

 

(565)

 

 

(9,723)

Other comprehensive income (loss) before reclassifications

 

 

(2,201)

 

 

11,039

 

 

(156)

 

 

8,682

Amounts reclassified from accumulated other comprehensive income (loss)

 

 

471

 

 

1

 

 

192

 

 

664

Net comprehensive income (loss)

 

 

(1,730)

 

 

11,040

 

 

36

 

 

9,346

Balance at December 31, 2014

 

 

(5,315)

 

 

5,467

 

 

(529)

 

 

(377)

Other comprehensive loss before reclassifications

 

 

(1,332)

 

 

(3,181)

 

 

(104)

 

 

(4,617)

Amounts reclassified from accumulated other comprehensive loss

 

 

632

 

 

302

 

 

189

 

 

1,123

Net comprehensive income (loss)

 

 

(700)

 

 

(2,879)

 

 

85

 

 

(3,494)

Balance at December 31, 2015

 

$

(6,015)

 

$

2,588

 

$

(444)

 

$

(3,871)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The table below presents the reclassifications out of accumulated other comprehensive income, net of tax:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amount Reclassified from Accumulated

 

 

 

 

 

 

 

Other Comprehensive Income (Loss)

 

 

 

 

(Dollars in thousands)

 

 

For the Years Ended December 31,

 

 

 

 

Accumulated Other Comprehensive Income (Loss) Component

    

 

2015

 

2014

 

2013

 

 

Income Statement Line Item Affected

 

(Gains) losses on cash flow hedges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate contracts

 

 

$

305

 

$

310

 

$

307

 

 

Interest expense

 

 

 

 

 

(116)

 

 

(118)

 

 

(117)

 

 

Provision for income taxes

 

 

 

 

 

189

 

 

192

 

 

190

 

 

Net income

 

(Gains) losses on sales of available for sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 —

 

$

2

 

$

 —

 

 

Other noninterest income

 

 

 

 

 

 —

 

 

(1)

 

 

 —

 

 

Provision for income taxes

 

 

 

 

 

 —

 

 

1

 

 

 —

 

 

Net income

 

Other-than-temporary impairment losses on available for sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

489

 

$

 —

 

$

 —

 

 

Other noninterest income

 

 

 

 

 

(187)

 

 

 —

 

 

 —

 

 

Provision for income taxes

 

 

 

 

 

302

 

 

 —

 

 

 —

 

 

Net income

 

Amortization of defined benefit pension and retiree medical plan items:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Actuarial losses

 

 

$

1,021

 

$

761

 

$

482

 

 

Salaries and employee benefits

 

 

 

 

 

(389)

 

 

(290)

 

 

(164)

 

 

Provision for income taxes

 

 

 

 

 

632

 

 

471

 

 

318

 

 

Net income

 

Total reclassifications for the period

 

 

$

1,123

 

$

664

 

$

508