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Accumulated Other Comprehensive Loss
 6 Months Ended
Jun. 30, 2014
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Loss
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Accumulated other comprehensive income (loss) included the following as of June 30, 2014 and December 31, 2013:
 
 
June 30, 2014
 
December 31, 2013
(Dollars in thousands)
Accumulated
other
comprehensive
income (loss)
 
Deferred
tax expense
(benefit)
 
Accumulated
other
comprehensive
income (loss),
net of tax
 
Accumulated
other
comprehensive
loss
 
Deferred
tax
benefit
 
Accumulated
other
comprehensive
loss,
net of tax
Unrealized gains (losses) on investment securities available for sale, net
$
26,817

 
$
10,327

 
$
16,490

 
$
(16,632
)
 
$
(6,541
)
 
$
(10,091
)
Unrealized loss on cash flow hedge
(5,933
)
 
(2,290
)
 
(3,643
)
 
(7,220
)
 
(2,786
)
 
(4,434
)
Funded status of defined benefit plan
(14,385
)
 
(5,595
)
 
(8,790
)
 
(17,582
)
 
(6,839
)
 
(10,743
)
Total
$
6,499

 
$
2,442

 
$
4,057

 
$
(41,434
)
 
$
(16,166
)
 
$
(25,268
)


The following table highlights changes in accumulated other comprehensive income (loss) by component for the three and six months ended June 30, 2014 and June 30, 2013:

 
Three months ended June 30, 2014
(Dollars in thousands)
Unrealized gains (losses) on available for sale securities1
 
Gains (losses) on cash flow hedges1
 
Defined benefit pension items1
 
Total
Beginning balance
$
(2,835
)
 
$
(3,993
)
 
$
(9,766
)
 
$
(16,594
)
Other comprehensive income before reclassifications
19,325

 
350

 
—

 
19,675

Amounts reclassified from accumulated other comprehensive loss
—

 
—

 
976

 
976

Net current period other comprehensive income
19,325

 
350

 
976

 
20,651

Ending balance
$
16,490

 
$
(3,643
)
 
$
(8,790
)
 
$
4,057

 
 
 
 
 
 
 
 
 
Three months ended June 30, 2013
 
Unrealized gains (losses) on available for sale securities1
 
Gains (losses) on cash flow hedges1
 
Defined benefit pension items1
 
Total
Beginning balance
$
19,606

 
$
(5,799
)
 
$
(93,712
)
 
$
(79,905
)
Other comprehensive (loss) income before reclassifications
(23,723
)
 
840

 
—

 
(22,883
)
Amounts reclassified from accumulated other comprehensive loss
—

 
—

 
2,612

 
2,612

Net current period other comprehensive (loss) income
(23,723
)
 
840

 
2,612

 
(20,271
)
Ending balance
$
(4,117
)
 
$
(4,959
)
 
$
(91,100
)
 
$
(100,176
)
 
 
 
 
 
 
 
 
 
Six months ended June 30, 2014
 
Unrealized gains (losses) on available for sale securities1
 
Gains (losses) on cash flow hedges1
 
Defined benefit pension items1
 
Total
Beginning balance
$
(10,091
)
 
$
(4,434
)
 
$
(10,743
)
 
$
(25,268
)
Other comprehensive income before reclassifications
26,581

 
791

 
—

 
27,372

Amounts reclassified from accumulated other comprehensive loss
—

 
—

 
1,953

 
1,953

Net current period other comprehensive income
26,581

 
791

 
1,953

 
29,325

Ending balance
$
16,490

 
$
(3,643
)
 
$
(8,790
)
 
$
4,057

 
 
 
 
 
 
 
 
 
Six months ended June 30, 2013
 
Unrealized gains (losses) on available for sale securities1
 
Gains (losses) on cash flow hedges1
 
Defined benefit pension items1
 
Total
Beginning balance
$
20,517

 
$
(6,292
)
 
$
(96,331
)
 
$
(82,106
)
Other comprehensive (loss) income before reclassifications
(24,634
)
 
1,333

 
—

 
(23,301
)
Amounts reclassified from accumulated other comprehensive loss
—

 
—

 
5,231

 
5,231

Net current period other comprehensive (loss) income
(24,634
)
 
1,333

 
5,231

 
(18,070
)
Ending balance
$
(4,117
)
 
$
(4,959
)
 
$
(91,100
)
 
$
(100,176
)
1 All amounts are net of tax.
The following table presents the amounts reclassified from accumulated other comprehensive income (loss) and the line item affected in the statement where net income is presented for the three and six months ended June 30, 2014 and June 30, 2013:
 
 
Three months ended June 30, 2014
Details about accumulated other comprehensive income (loss)
 
Amount reclassified from accumulated other comprehensive income (loss)1
 
Affected line item in the statement where net income is presented
 
 
 
 
 
Amortization of defined benefit pension items
 
 
 
 
     Prior service costs
 
$
(52
)
 
Employee benefits
     Actuarial losses
 
(1,546
)
 
Employee benefits
 
 
(1,598
)
 
Income before income taxes
 
 
622

 
Provision for income taxes
 
 
$
(976
)
 
Net income
Total reclassifications for the period
 
$
(976
)
 
 
 
 
 
 
 
 
 
Three months ended June 30, 2013
Details about accumulated other comprehensive income (loss)
 
Amount reclassified from accumulated other comprehensive income (loss)1
 
Affected line item in the statement where net income is presented
Amortization of defined benefit pension items
 
 
 
 
     Prior service costs
 
$
(53
)
 
Employee benefits
     Actuarial losses
 
(4,241
)
 
Employee benefits
 
 
(4,294
)
 
Income before income taxes
 
 
1,682

 
Provision for income taxes
 
 
$
(2,612
)
 
Net income
Total reclassifications for the period
 
$
(2,612
)
 
 
 
 
 
 
 
 
 
Six months ended June 30, 2014
Details about accumulated other comprehensive income (loss)
 
Amount reclassified from accumulated other comprehensive income (loss)1
 
Affected line item in the statement where net income is presented
Amortization of defined benefit pension items
 
 
 
 
     Prior service costs
 
$
(105
)
 
Employee benefits
     Actuarial losses
 
(3,092
)
 
Employee benefits
 
 
(3,197
)
 
Income before income taxes
 
 
1,244

 
Provision for income taxes
 
 
$
(1,953
)
 
Net income
Total reclassifications for the period
 
$
(1,953
)
 
 
 
 
 
 
 
 
 
Six months ended June 30, 2013
Details about accumulated other comprehensive income (loss)
 
Amount reclassified from accumulated other comprehensive income (loss)1
 
Affected line item in the statement where net income is presented
Amortization of defined benefit pension items
 
 
 
 
     Prior service costs
 
$
(105
)
 
Employee benefits
     Actuarial losses
 
(8,493
)
 
Employee benefits
 
 
(8,598
)
 
Income before income taxes
 
 
3,367

 
Provision for income taxes
 
 
$
(5,231
)
 
Net income
Total reclassifications for the period
 
$
(5,231
)