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Accumulated Other Comprehensive Income (Loss)
 9 Months Ended
Sep. 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 September 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

Balance at June 30, 2018

 

$

(7,456)

 

$

(28,526)

 

$

(89)

 

$

(36,071)

Other comprehensive loss before reclassifications

 

 

 —

 

 

(8,624)

 

 

(1)

 

 

(8,625)

Amounts reclassified from accumulated other comprehensive income

 

 

151

 

 

 9

 

 

27

 

 

187

Net comprehensive income (loss)

 

 

151

 

 

(8,615)

 

 

26

 

 

(8,438)

Balance at September 30, 2018

 

$

(7,305)

 

$

(37,141)

 

$

(63)

 

$

(44,509)

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

Balance at June 30, 2017

 

$

(5,962)

 

$

2,506

 

$

(241)

 

$

(3,697)

Other comprehensive income before reclassifications

 

 

 —

 

 

80

 

 

 3

 

 

83

Amounts reclassified from accumulated other comprehensive income (loss)

 

 

116

 

 

(325)

 

 

35

 

 

(174)

Net comprehensive income (loss)

 

 

116

 

 

(245)

 

 

38

 

 

(91)

Balance at September 30, 2017

 

$

(5,846)

 

$

2,261

 

$

(203)

 

$

(3,788)

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2017

 

$

(5,998)

 

$

(4,278)

 

$

(151)

 

$

(10,427)

Other comprehensive income (loss) before reclassifications

 

 

 —

 

 

(32,224)

 

 

34

 

 

(32,190)

Amounts reclassified from accumulated other comprehensive income

 

 

453

 

 

508

 

 

94

 

 

1,055

Net comprehensive income (loss)

 

 

453

 

 

(31,716)

 

 

128

 

 

(31,135)

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

 

 

(1,760)

 

 

(1,147)

 

 

(40)

 

 

(2,947)

Balance at September 30, 2018

 

$

(7,305)

 

$

(37,141)

 

$

(63)

 

$

(44,509)

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2016

 

$

(6,195)

 

$

(1,708)

 

$

(308)

 

$

(8,211)

Other comprehensive income (loss) before reclassifications

 

 

 —

 

 

4,362

 

 

(35)

 

 

4,327

Amounts reclassified from accumulated other comprehensive income (loss)

 

 

349

 

 

(393)

 

 

140

 

 

96

Net comprehensive income

 

 

349

 

 

3,969

 

 

105

 

 

4,423

Balance at September 30, 2017

 

$

(5,846)

 

$

2,261

 

$

(203)

 

$

(3,788)

 

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 September 30,

 

For the Nine Months Ended September 30,

 

 

Accumulated Other Comprehensive Income (Loss) Component

    

2018

    

2017

    

2018

    

2017

    

Income Statement
Line Item Affected

Losses on cash flow hedges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate contracts

 

$

35

 

$

57

 

$

121

 

$

226

 

Interest expense

 

 

 

(8)

 

 

(22)

 

 

(27)

 

 

(86)

 

Provision for income taxes

 

 

 

27

 

 

35

 

 

94

 

 

140

 

Net income

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

11

 

$

(1,278)

 

$

652

 

$

(1,388)

 

Securities (gains) losses, net

 

 

 

(2)

 

 

487

 

 

(144)

 

 

529

 

Provision for income taxes

 

 

 

 9

 

 

(791)

 

 

508

 

 

(859)

 

Net income

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 —

 

$

753

 

$

 —

 

$

753

 

Other-than-temporary impairment losses

 

 

 

 —

 

 

(287)

 

 

 —

 

 

(287)

 

Provision for income taxes

 

 

 

 —

 

 

466

 

 

 —

 

 

466

 

Net income

Amortization of defined benefit pension:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Actuarial losses

 

$

194

 

$

188

 

$

581

 

$

564

 

Salaries and employee benefits

 

 

 

(43)

 

 

(72)

 

 

(128)

 

 

(215)

 

Provision for income taxes

 

 

 

151

 

 

116

 

 

453

 

 

349

 

Net income

Total reclassifications for the period

 

$

187

 

$

(640)

 

$

1,055

 

$

(370)