Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2020

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

Note 16 — 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 June 30, 2020
Balance at March 31, 2020	$	(149)	$	43,473	$	(33,559)	$	9,765
Other comprehensive gain (loss) before reclassifications		—		4,842		(3,400)		1,442
Amounts reclassified from accumulated other comprehensive loss		—		—		1,532		1,532
Net comprehensive income (loss)		—		4,842		(1,868)		2,974
Balance at June 30, 2020	$	(149)	$	48,315	$	(35,427)	$	12,739
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		—		17,758		(8,795)		8,963
Amounts reclassified from accumulated other comprehensive income (loss)		6,058		92		(273)		5,877
Net comprehensive income (loss)		6,058		17,850		(9,068)		14,840
Balance at June 30, 2019	$	(297)	$	12,944	$	(11,181)	$	1,466
Six Months Ended June 30, 2020
Balance at December 31, 2019	$	(149)	$	11,922	$	(10,756)	$	1,017
Other comprehensive income (loss) before reclassifications		—		36,393		(26,766)		9,627
Amounts reclassified from accumulated other comprehensive loss		—		—		2,095		2,095
Net comprehensive income (loss)		—		36,393		(24,671)		11,722
Balance at June 30, 2020	$	(149)	$	48,315	$	(35,427)	$	12,739
Six Months Ended June 30, 2019
Balance at December 31, 2018	$	(6,450)	$	(18,394)	$	(37)	$	(24,881)
Other comprehensive income (loss) before reclassifications		—		28,908		(10,876)		18,032
Amounts reclassified from accumulated other comprehensive income (loss)		6,153		2,430		(268)		8,315
Net comprehensive income (loss)		6,153		31,338		(11,144)		26,347
Balance at June 30, 2019	$	(297)	$	12,944	$	(11,181)	$	1,466

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	2020		2019		2020		2019		Income Statement Line Item Affected
Losses on cash flow hedges:
Interest rate contracts	$	1,964	$	(350)	$	2,686	$	(343)	Interest expense
		(432)		77		(591)		75	Provision for income taxes
		1,532		(273)		2,095		(268)	Net income
Losses on sales of available for sale securities:
	$	—	$	118	$	—	$	3,116	Securities gains (losses), net
		—		(26)		—		(686)	Provision for income taxes
		—		92		—		2,430	Net income
Losses and amortization of defined benefit pension:
Actuarial losses	$	—	$	7,767	$	—	$	7,888	Salaries and employee benefits
		—		(1,709)		—		(1,735)	Provision for income taxes
		—		6,058		—		6,153	Net income
Total reclassifications for the period	$	1,532	$	5,877	$	2,095	$	8,315