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Comprehensive Income/Loss
9 Months Ended
Sep. 30, 2019
Equity [Abstract]  
COMPREHENSIVE INCOME/LOSS COMPREHENSIVE INCOME (LOSS)
The following tables present 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):
 
Three Months Ended
September 30, 2019
 
Nine Months Ended
September 30, 2019
 
Pre Tax
Amount
 
Tax (Expense)
Benefit
 
After Tax
Amount
 
Pre Tax
Amount
 
Tax (Expense)
Benefit
 
After Tax
Amount
 
(Dollars in thousands)
Change in fair value of securities available for sale
$
2,858

 
$
(683
)
 
$
2,175

 
$
14,699

 
$
(3,401
)
 
$
11,298

Less: net security losses reclassified into other noninterest expense

 

 

 
(1,462
)
 
411

 
(1,051
)
Net change in fair value of securities available for sale
2,858

 
(683
)
 
2,175

 
16,161

 
(3,812
)
 
12,349

 
 
 
 
 
 
 
 
 
 
 
 
Change in fair value of cash flow hedges
4,568

 
(1,285
)
 
3,283

 
21,913

 
(6,167
)
 
15,746

Less: net cash flow hedge gains reclassified into interest income or interest expense
352

 
(99
)
 
253

 
1,170

 
(329
)
 
841

Net change in fair value of cash flow hedges
4,216

 
(1,186
)
 
3,030

 
20,743

 
(5,838
)
 
14,905

 
 
 
 
 
 
 
 
 
 
 
 
Net unamortized loss related to defined benefit pension and other postretirement adjustments arising during the period
(11
)
 
3

 
(8
)
 
(33
)
 
9

 
(24
)
Amortization of net actuarial gains
(2
)
 
1

 
(1
)
 
(6
)
 
2

 
(4
)
Amortization of net prior service costs
69

 
(19
)
 
50

 
207

 
(58
)
 
149

Net change in other comprehensive income for defined benefit postretirement plans (1)
56

 
(15
)
 
41

 
168

 
(47
)
 
121

Total other comprehensive income
$
7,130

 
$
(1,884
)
 
$
5,246

 
$
37,072

 
$
(9,697
)
 
$
27,375

 
Three Months Ended
September 30, 2018
 
Nine Months Ended
September 30, 2018
 
Pre Tax
Amount
 
Tax (Expense)
Benefit
 
After Tax
Amount
 
Pre Tax
Amount
 
Tax (Expense)
Benefit
 
After Tax
Amount
 
(Dollars in thousands)
Change in fair value of securities available for sale
$
(2,988
)
 
$
726

 
$
(2,262
)
 
$
(12,761
)
 
$
3,107

 
$
(9,654
)
Less: net security gains reclassified into other noninterest income (expense)

 

 

 

 

 

Net change in fair value of securities available for sale
(2,988
)
 
726

 
(2,262
)
 
(12,761
)
 
3,107

 
(9,654
)
 
 
 
 
 
 
 
 
 
 
 
 
Change in fair value of cash flow hedges
(296
)
 
83

 
(213
)
 
100

 
(25
)
 
75

Less: net cash flow hedge gains reclassified into interest income or interest expense
268

 
(76
)
 
192

 
525

 
(148
)
 
377

Net change in fair value of cash flow hedges
(564
)
 
159

 
(405
)
 
(425
)
 
123

 
(302
)
 
 
 
 
 
 
 
 
 
 
 
 
Amortization of net actuarial losses
94

 
(26
)
 
68

 
281

 
(79
)
 
202

Amortization of net prior service costs
69

 
(20
)
 
49

 
207

 
(58
)
 
149

Net change in other comprehensive income for defined benefit postretirement plans (1)
163

 
(46
)
 
117

 
488

 
(137
)
 
351

Total other comprehensive loss
$
(3,389
)
 
$
839

 
$
(2,550
)
 
$
(12,698
)
 
$
3,093

 
$
(9,605
)

(1) The amortization of prior service costs is included in the computation of net periodic pension cost as disclosed in the Employee Benefit Plans footnote in the Company's Annual Report on Form 10-K for the year ended December 31, 2018, filed with the Securities and Exchange Commission.

Effective January 1, 2018, the Company elected to reclassify certain tax effects from accumulated other comprehensive income to retained earnings, related to items that were stranded in other comprehensive income as a result of the Tax Act. A description of the other income tax effects that were reclassified as a result of the Tax Act are listed in the table below.

Information on the Company’s accumulated other comprehensive income (loss), net of tax, is comprised of the following components as of the periods indicated:
 
Unrealized Gain on Securities
 
Unrealized Gain (Loss) on Cash Flow Hedge
 
Deferred Gain on Hedge Transactions
 
Defined Benefit Postretirement Plans
 
Accumulated Other Comprehensive Income (Loss)
 
(Dollars in thousands)
 
2019
Beginning balance: January 1, 2019
$
(5,947
)
 
$
6,148

 
$

 
$
(1,374
)
 
$
(1,173
)
Net change in other comprehensive income (loss)
12,349

 
14,905

 

 
121

 
27,375

Ending balance: September 30, 2019
$
6,402

 
$
21,053

 
$

 
$
(1,253
)
 
$
26,202

 
2018
Beginning balance: January 1, 2018
$
(504
)
 
$
948

 
$
137

 
$
(2,412
)
 
$
(1,831
)
Opening balance reclassification
(111
)
 
205

 
29

 
(520
)
 
(397
)
Cumulative effect accounting adjustment
(831
)
 

 

 

 
(831
)
Net change in other comprehensive income (loss)
(9,654
)
 
(170
)
 
(132
)
 
351

 
(9,605
)
Ending balance: September 30, 2018
$
(11,100
)
 
$
983

 
$
34

 
$
(2,581
)
 
$
(12,664
)