Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 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 September 30, 2019
Balance at June 30, 2019	$	(297)	$	12,944	$	(11,181)	$	1,466
Other comprehensive gain (loss) before reclassifications		—		5,824		(3,891)		1,933
Amounts reclassified from accumulated other comprehensive loss		—		(341)		(188)		(529)
Net comprehensive income (loss)		—		5,483		(4,079)		1,404
Balance at September 30, 2019	$	(297)	$	18,427	$	(15,260)	$	2,870
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)
Nine Months Ended September 30, 2019
Balance at December 31, 2018	$	(6,450)	$	(18,394)	$	(37)	$	(24,881)
Other comprehensive income (loss) before reclassifications		—		34,732		(14,766)		19,966
Amounts reclassified from accumulated other comprehensive income (loss)		6,153		2,089		(457)		7,785
Net comprehensive income (loss)		6,153		36,821		(15,223)		27,751
Balance at September 30, 2019	$	(297)	$	18,427	$	(15,260)	$	2,870
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)

See the Capital Resources section of Management Discussion and Analysis on page 78 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 September 30,				For the Nine Months Ended September 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	$	(241)	$	35	$	(585)	$	121	Interest expense
		53		(8)		128		(27)	Provision for income taxes
		(188)		27		(457)		94	Net income
(Gains) losses on sales of available for sale securities:
	$	(437)	$	11	$	2,679	$	652	Securities gains (losses), net
		96		(2)		(590)		(144)	Provision for income taxes
		(341)		9		2,089		508	Net income
Losses and amortization of defined benefit pension:
Actuarial losses	$	—	$	194	$	7,888	$	581	Salaries and employee benefits
		—		(43)		(1,735)		(128)	Provision for income taxes
		—		151		6,153		453	Net income
Total reclassifications for the period	$	(529)	$	187	$	7,785	$	1,055