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Accumulated Other Comprehensive Income (Loss)
 6 Months Ended
Jun. 30, 2018
Accumulated Other Comprehensive Income (Loss)  
Accumulated Other Comprehensive Income (Loss)

Note 14 — 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 June 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

Balance at March 31, 2018

 

$

(7,607)

 

$

(22,617)

 

$

(126)

 

$

(30,350)

Other comprehensive income (loss) before reclassifications

 

 

 —

 

 

(6,409)

 

 

 6

 

 

(6,403)

Amounts reclassified from accumulated other comprehensive income (loss)

 

 

151

 

 

500

 

 

31

 

 

682

Net comprehensive income (loss)

 

 

151

 

 

(5,909)

 

 

37

 

 

(5,721)

Balance at June 30, 2018

 

$

(7,456)

 

$

(28,526)

 

$

(89)

 

$

(36,071)

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

Balance at March 31, 2017

 

$

(6,078)

 

$

1,458

 

$

(264)

 

$

(4,884)

Other comprehensive income before reclassifications

 

 

 —

 

 

1,115

 

 

11

 

 

1,126

Amounts reclassified from accumulated other comprehensive income (loss)

 

 

116

 

 

(67)

 

 

12

 

 

61

Net comprehensive income

 

 

116

 

 

1,048

 

 

23

 

 

1,187

Balance at June 30, 2017

 

$

(5,962)

 

$

2,506

 

$

(241)

 

$

(3,697)

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2017

 

$

(5,998)

 

$

(4,278)

 

$

(151)

 

$

(10,427)

Other comprehensive income (loss) before reclassifications

 

 

 —

 

 

(23,601)

 

 

34

 

 

(23,567)

Amounts reclassified from accumulated other comprehensive income (loss)

 

 

302

 

 

500

 

 

68

 

 

870

Net comprehensive income (loss)

 

 

302

 

 

(23,101)

 

 

102

 

 

(22,697)

AOCI reclassification to retained earnings from the adoption of ASU 2018-02

 

 

(1,760)

 

 

(1,147)

 

 

(40)

 

 

(2,947)

Balance at June 30, 2018

 

$

(7,456)

 

$

(28,526)

 

$

(89)

 

$

(36,071)

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2016

 

$

(6,195)

 

$

(1,708)

 

$

(308)

 

$

(8,211)

Other comprehensive income (loss) before reclassifications

 

 

 —

 

 

4,282

 

 

(37)

 

 

4,245

Amounts reclassified from accumulated other comprehensive income (loss)

 

 

233

 

 

(68)

 

 

104

 

 

269

Net comprehensive income

 

 

233

 

 

4,214

 

 

67

 

 

4,514

Balance at June 30, 2017

 

$

(5,962)

 

$

2,506

 

$

(241)

 

$

(3,697)

 

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 June 30,

 

For the Six Months Ended June 30,

 

 

Accumulated Other Comprehensive Income (Loss) Component

    

2018

    

2017

    

2018

    

2017

    

Income Statement Line Item Affected

Losses on cash flow hedges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate contracts

 

$

39

 

$

19

 

$

87

 

$

168

 

Interest expense

 

 

 

(8)

 

 

(7)

 

 

(19)

 

 

(64)

 

Provision for income taxes

 

 

 

31

 

 

12

 

 

68

 

 

104

 

Net income

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

641

 

$

(110)

 

$

641

 

$

(110)

 

Securities (gains) losses, net

 

 

 

(141)

 

 

43

 

 

(141)

 

 

42

 

Provision for income taxes

 

 

 

500

 

 

(67)

 

 

500

 

 

(68)

 

Net income

Amortization of defined benefit pension:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Actuarial losses

 

$

194

 

$

187

 

$

387

 

$

376

 

Salaries and employee benefits

 

 

 

(43)

 

 

(71)

 

 

(85)

 

 

(143)

 

Provision for income taxes

 

 

 

151

 

 

116

 

 

302

 

 

233

 

Net income

Total reclassifications for the period

 

$

682

 

$

61

 

$

870

 

$

269