Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2020

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

Note 15 — Accumulated Other Comprehensive Income (Loss)

The changes in each component 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, 2020
Balance at December 31, 2019	$	(149)	$	11,922	$	(10,756)	$	1,017
Other comprehensive gain (loss) before reclassifications		—		31,551		(22,240)		9,311
Amounts reclassified from accumulated other comprehensive loss		—		—		(563)		(563)
Net comprehensive income (loss)		—		31,551		(22,803)		8,748
Balance at March 31, 2020	$	(149)	$	43,473	$	(33,559)	$	9,765
Three Months Ended March 31, 2019
Balance at December 31, 2018	$	(6,450)	$	(18,394)	$	(37)	$	(24,881)
Other comprehensive gain (loss) before reclassifications		—		15,827		(2,068)		13,759
Amounts reclassified from accumulated other comprehensive income (loss)		95		(2,339)		(8)		(2,252)
Net comprehensive income (loss)		95		13,488		(2,076)		11,507
Balance at March 31, 2019	$	(6,355)	$	(4,906)	$	(2,113)	$	(13,374)

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	2020		2019		Income Statement Line Item Affected
Losses on cash flow hedges:
Interest rate contracts	$	(722)	$	(10)	Interest expense
		159		2	Provision for income taxes
		(563)		(8)	Net income
Losses on sales of available for sale securities:
	$	—	$	(2,998)	Securities gains (losses), net
		—		659	Provision for income taxes
		—		(2,339)	Net income
Losses and amortization of defined benefit pension:
Actuarial losses	$	—	$	121	Salaries and employee benefits
		—		(26)	Provision for income taxes
		—		95	Net income
Total reclassifications for the period	$	(563)	$	(2,252)