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Comprehensive Income/Loss
3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
COMPREHENSIVE INCOME/LOSS OTHER 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
March 31, 2020
 
Pre Tax
Amount
 
Tax (Expense)
Benefit
 
After Tax
Amount
 
(Dollars in thousands)
Change in fair value of securities available for sale
$
12,123

 
$
(2,776
)
 
$
9,347

Less: net security losses reclassified into other noninterest expense

 

 

Net change in fair value of securities available for sale
12,123

 
(2,776
)
 
9,347

 
 
 
 
 
 
Change in fair value of cash flow hedges
33,567

 
(9,443
)
 
24,124

Less: net cash flow hedge gains reclassified into interest income or interest expense
1,586

 
(446
)
 
1,140

Net change in fair value of cash flow hedges
31,981

 
(8,997
)
 
22,984

 
 
 
 
 
 
Net unamortized loss related to defined benefit pension and other postretirement adjustments arising during the period
(1,389
)
 
391

 
(998
)
Amortization of net actuarial losses
245

 
(69
)
 
176

Amortization of net prior service costs
69

 
(19
)
 
50

Net change in other comprehensive income for defined benefit postretirement plans (1)
(1,075
)
 
303

 
(772
)
Total other comprehensive income
$
43,029

 
$
(11,470
)
 
$
31,559

 
Three Months Ended
March 31, 2019
 
Pre Tax
Amount
 
Tax (Expense)
Benefit
 
After Tax
Amount
 
(Dollars in thousands)
Change in fair value of securities available for sale
$
6,178

 
$
(1,449
)
 
$
4,729

Less: net security gains reclassified into other noninterest income (expense)

 

 

Net change in fair value of securities available for sale
6,178

 
(1,449
)
 
4,729

 
 
 
 
 
 
Change in fair value of cash flow hedges
4,996

 
(1,406
)
 
3,590

Less: net cash flow hedge gains reclassified into interest income or interest expense
424

 
(119
)
 
305

Net change in fair value of cash flow hedges
4,572

 
(1,287
)
 
3,285

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

 
(8
)
Amortization of net actuarial gains
(2
)
 
1

 
(1
)
Amortization of net prior service costs
69

 
(20
)
 
49

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

 
(16
)
 
40

Total other comprehensive income
$
10,806

 
$
(2,752
)
 
$
8,054


(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, 2019, filed with the Securities and Exchange Commission.
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 (Loss)
on Securities
 
Unrealized Gain on Cash Flow Hedge
 
Defined Benefit Postretirement Plans
 
Accumulated Other Comprehensive Income (Loss)
 
(Dollars in thousands)
 
2020
Beginning balance: January 1, 2020
$
4,398

 
$
16,479

 
$
(2,708
)
 
$
18,169

Net change in other comprehensive income (loss)
9,347

 
22,984

 
(772
)
 
31,559

Ending balance: March 31, 2020
$
13,745

 
$
39,463

 
$
(3,480
)
 
$
49,728

 
2019
Beginning balance: January 1, 2019
$
(5,947
)
 
$
6,148

 
$
(1,374
)
 
$
(1,173
)
Net change in other comprehensive income (loss)
4,729

 
3,285

 
40

 
8,054

Ending balance: March 31, 2019
$
(1,218
)
 
$
9,433

 
$
(1,334
)
 
$
6,881