XML 46 R25.htm IDEA: XBRL DOCUMENT v3.3.1.900
OTHER COMPREHENSIVE LOSS
 12 Months Ended
Dec. 31, 2015
Equity [Abstract]  
OTHER COMPREHENSIVE LOSS
following table presents a reconciliation of the changes in the components of other comprehensive income (loss) for the dates indicated, including the amount of income tax (expense) benefit allocated to each component of other comprehensive income (loss):
 
Year Ended December 31, 2015
 
Pre Tax
Amount
 
Tax (Expense)
Benefit
 
After Tax
Amount
 
(Dollars in thousands)
Change in fair value of securities available for sale
$
(3,757
)
 
$
1,434

 
$
(2,323
)
Less: net security losses reclassified into other noninterest income
(405
)
 
165

 
(240
)
Net change in fair value of securities available for sale
(3,352
)
 
1,269

 
(2,083
)
 
 
 
 
 
 
Change in fair value of cash flow hedges
(776
)
 
299

 
(477
)
Less: net cash flow hedge losses reclassified into interest on borrowings expense (1)
(2,828
)
 
1,152

 
(1,676
)
Net change in fair value of cash flow hedges
2,052

 
(853
)
 
1,199

 
 
 
 
 
 
Net unamortized gain related to defined benefit pension and other postretirement adjustments arising during the period
438

 
(193
)
 
245

Less: amortization of net actuarial losses
(243
)
 
99

 
(144
)
Less: amortization of net prior service credits
(294
)
 
119

 
(175
)
Net change in other comprehensive income for defined benefit postretirement plans (2)
975

 
(411
)
 
564

Total other comprehensive loss
$
(325
)
 
$
5

 
$
(320
)
 
 
 
 
 
 
 
Year Ended December 31, 2014
 
Pre Tax
Amount
 
Tax (Expense)
Benefit
 
After Tax
Amount
 
(Dollars in thousands)
Change in fair value of securities available for sale
$
9,095

 
$
(3,570
)
 
$
5,525

Less: net security gains reclassified into other noninterest income
191

 
(78
)
 
113

Net change in fair value of securities available for sale
8,904

 
(3,492
)
 
5,412

 
 
 
 
 
 
Change in fair value of cash flow hedges
(969
)
 
396

 
(573
)
Less: net cash flow hedge losses reclassified into interest on borrowings expense (1)
(3,662
)
 
1,496

 
(2,166
)
Less: loss on termination of hedge reclassified into noninterest expense
(1,122
)
 
459

 
(663
)
Net change in fair value of cash flow hedges
3,815

 
(1,559
)
 
2,256

 
 
 
 
 
 
Net unamortized loss related to defined benefit pension and other postretirement adjustments arising during the period
(2,699
)
 
1,103

 
(1,596
)
Net prior service costs related to plan amendment arising during the period
1,357

 
(554
)
 
803

Less: amortization of net actuarial gains
44

 
(18
)
 
26

Less: amortization of net prior service credits
(102
)
 
42

 
(60
)
Less: amortization of net transition obligation
2

 
(1
)
 
1

Net change in other comprehensive income for defined benefit postretirement plans (2)
(4,000
)
 
1,634

 
(2,366
)
Total other comprehensive income
$
8,719

 
$
(3,417
)
 
$
5,302

 
 
 
 
 
 
 
Year Ended December 31, 2013
 
Pre Tax
Amount
 
Tax (Expense)
Benefit
 
After Tax
Amount
 
(Dollars in thousands)
Change in fair value of securities available for sale
$
(11,943
)
 
$
4,578

 
$
(7,365
)
Less: net security gains reclassified into other noninterest income
230

 
(94
)
 
136

Net change in fair value of securities available for sale
(12,173
)
 
4,672

 
(7,501
)
 
 
 
 
 
 
Change in fair value of cash flow hedges
592

 
(242
)
 
350

Less: net cash flow hedge losses reclassified into interest on borrowings expense (1)
(5,723
)
 
2,338

 
(3,385
)
Net change in fair value of cash flow hedges
6,315

 
(2,580
)
 
3,735

 
 
 
 
 
 
Net unamortized gain related to defined benefit pension and other postretirement adjustments arising during the period
1,302

 
(532
)
 
770

Less: amortization of net actuarial losses
(42
)
 
17

 
(25
)
Less: amortization of net prior service credits
(102
)
 
42

 
(60
)
Less: amortization of net transition asset
(4
)
 
1

 
(3
)
Net change in other comprehensive income for defined benefit postretirement plans (2)
1,450

 
(592
)
 
858

Total other comprehensive loss
$
(4,408
)
 
$
1,500

 
$
(2,908
)
 
(1)
Includes the amortization of the remaining balance of a realized but unrecognized gain, net of tax, from the termination of interest rate swaps in June 2009. The original gain of $1.4 million, net of tax, will be recognized in earnings through December 2018, the original maturity date of the swap. The balance of this gain had amortized to $427,000, $571,000, and $715,000 at December 31, 2015, 2014, and 2013, respectively.
(2)
The amortization of prior service costs is included in the computation of net periodic pension costs as disclosed in Note 15 - Employee Benefit Plans.
Information on the Company's accumulated other comprehensive loss, net of tax, is comprised of the following components as of the periods indicated:
 
Unrealized Gain on Securities
 
Unrealized Loss on Cash Flow Hedge
 
Deferred Gain on Hedge Transactions
 
Defined Benefit Postretirement Plans
 
Accumulated Other Comprehensive Loss
 
(Dollars in Thousands)
Beginning balance: January 1, 2013
$
5,478

 
$
(9,577
)
 
$
859

 
$
(1,286
)
 
$
(4,526
)
Net change in other comprehensive income (loss)
(7,501
)
 
3,879

 
(144
)
 
858

 
(2,908
)
Ending balance: December 31, 2013
$
(2,023
)
 
$
(5,698
)
 
$
715

 
$
(428
)
 
$
(7,434
)
Net change in other comprehensive income (loss)
5,412

 
2,400

 
(144
)
 
(2,366
)
 
5,302

Ending balance: December 31, 2014
$
3,389

 
$
(3,298
)
 
$
571

 
$
(2,794
)
 
$
(2,132
)
Net change in other comprehensive income (loss)
(2,083
)
 
1,343

 
(144
)
 
564

 
(320
)
Ending balance: December 31, 2015
$
1,306

 
$
(1,955
)
 
$
427

 
$
(2,230
)
 
$
(2,452
)