Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2019

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, 2019
Balance at March 31, 2019	$	(6,355)	$	(4,906)	$	(2,113)	$	(13,374)
Other comprehensive gain (loss) before reclassifications		—		19,183		(8,795)		10,388
Amounts reclassified from accumulated other comprehensive income (loss)		6,058		(1,333)		(273)		4,452
Net comprehensive income (loss)		6,058		17,850		(9,068)		14,840
Balance at June 30, 2019	$	(297)	$	12,944	$	(11,181)	$	1,466
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		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)
Six Months Ended June 30, 2019
Balance at December 31, 2018	$	(6,450)	$	(18,394)	$	(37)	$	(24,881)
Other comprehensive income (loss) before reclassifications		—		33,092		(10,876)		22,216
Amounts reclassified from accumulated other comprehensive income (loss)		6,153		(1,754)		(268)		4,131
Net comprehensive income (loss)		6,153		31,338		(11,144)		26,347
Balance at June 30, 2019	$	(297)	$	12,944	$	(11,181)	$	1,466
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		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)

See the Capital Resources section of Management Discussion and Analysis on page 76 for discussion of changes in accumulated other comprehensive income (loss) during 2019.

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	2019		2018		2019		2018		Income Statement Line Item Affected
Gains (losses) on cash flow hedges:
Interest rate contracts	$	(350)	$	39	$	(343)	$	87	Interest expense
		77		(8)		75		(19)	Provision for income taxes
		(273)		31		(268)		68	Net income
(Gains) losses on sales of available for sale securities:
	$	(1,709)	$	641	$	(2,250)	$	641	Securities gains (losses), net
		376		(141)		496		(141)	Provision for income taxes
		(1,333)		500		(1,754)		500	Net income
Losses and amortization of defined benefit pension:
Actuarial losses	$	7,767	$	194	$	7,888	$	387	Salaries and employee benefits
		(1,709)		(43)		(1,735)		(85)	Provision for income taxes
		6,058		151		6,153		302	Net income
Total reclassifications for the period	$	4,452	$	682	$	4,131	$	870