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Accumulated Other Comprehensive Inocme (Loss)
3 Months Ended
Mar. 31, 2017
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

Three Months Ended March 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2016

 

$

(6,195)

 

$

(1,708)

 

$

(308)

 

$

(8,211)

Other comprehensive income (loss) before reclassifications

 

 

 —

 

 

3,166

 

 

(24)

 

 

3,142

Amounts reclassified from accumulated other comprehensive income

 

 

117

 

 

 —

 

 

68

 

 

185

Net comprehensive income

 

 

117

 

 

3,166

 

 

44

 

 

3,327

Balance at March 31, 2017

 

$

(6,078)

 

$

1,458

 

$

(264)

 

$

(4,884)

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2015

 

$

(6,015)

 

$

2,588

 

$

(444)

 

$

(3,871)

Other comprehensive income (loss) before reclassifications

 

 

 —

 

 

7,375

 

 

(94)

 

 

7,281

Amounts reclassified from accumulated other comprehensive income (loss)

 

 

126

 

 

(76)

 

 

45

 

 

95

Net comprehensive income (loss)

 

 

126

 

 

7,299

 

 

(49)

 

 

7,376

Balance at March 31, 2016

 

$

(5,889)

 

$

9,887

 

$

(493)

 

$

3,505

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

Amount Reclassified from Accumulated Other Comprehensive Income (Loss)

 

 

(Dollars in thousands)

 

For the Three Months Ended March 31,

 

 

Accumulated Other Comprehensive Income (Loss) Component

    

2017

    

2016

    

Income Statement Line Item Affected

Losses on cash flow hedges:

 

 

 

 

 

 

 

 

Interest rate contracts

 

$

110

 

$

73

 

Interest expense

 

 

 

(42)

 

 

(28)

 

Provision for income taxes

 

 

 

68

 

 

45

 

Net income

Gains on sales of available for sale securities:

 

 

 

 

 

 

 

 

 

 

$

 —

 

$

(122)

 

Other noninterest income

 

 

 

 —

 

 

46

 

Provision for income taxes

 

 

 

 —

 

 

(76)

 

Net income

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

 

 

 

 

 

 

 

 

 

 

$

 —

 

$

 —

 

Other noninterest income

 

 

 

 —

 

 

 —

 

Provision for income taxes

 

 

 

 —

 

 

 —

 

Net income

Amortization of defined benefit pension:

 

 

 

 

 

 

 

 

Actuarial losses

 

$

188

 

$

204

 

Salaries and employee benefits

 

 

 

(71)

 

 

(78)

 

Provision for income taxes

 

 

 

117

 

 

126

 

Net income

Total reclassifications for the period

 

$

185

 

$

95