XML 45 R31.htm IDEA: XBRL DOCUMENT v3.8.0.1
Change in Accumulated Other Comprehensive Income
 12 Months Ended
Dec. 31, 2017
Equity [Abstract]  
CHANGE IN ACCUMULATED OTHER COMPREHENSIVE INCOME
CHANGE IN ACCUMULATED OTHER COMPREHENSIVE INCOME
Accumulated other comprehensive (loss) income includes unrealized gains and losses on available-for-sale investments, unrealized gains and losses on cash flow hedges, as well as unrecognized prior service costs, transition costs, and actuarial gains and losses on defined benefit pension plans. Changes to accumulated other comprehensive (loss) income are presented net of tax as a component of stockholders' equity. Amounts that are reclassified out of accumulated other comprehensive (loss) income are recorded on the Consolidated Statement of Income either as a gain or loss.
Changes to accumulated other comprehensive (loss) income by component are shown net of taxes in the following tables for the period indicated:
 
(Dollars in thousands)
Net change in
investment
securities
available for sale
 
Net change in
securities held
to maturity
 
Net change in
defined benefit
plan
 
Net change in
fair value of
derivatives used
for
cash flow hedge
 
Total
Balance, December 31, 2014
$
446

 
$
2,207

 
$
847

 
$
—

 
$
3,500

Other comprehensive income before reclassifications
(1,417
)
 
—

 
—

 
—

 
(1,417
)
Less: Amounts reclassified from accumulated other comprehensive loss
(916
)
 
(412
)
 
(59
)
 
—

 
(1,387
)
Net current-period other comprehensive loss
(2,333
)
 
(412
)
 
(59
)
 
—

 
(2,804
)
Balance, December 31, 2015
$
(1,887
)
 
$
1,795

 
$
788

 
$
—

 
$
696

Other comprehensive loss before reclassifications
(4,838
)
 
—

 
—

 
(1,772
)
 
(6,610
)
Less: Amounts reclassified from accumulated other comprehensive loss
(1,469
)
 
(403
)
 
169

 
—

 
(1,703
)
Net current-period other comprehensive loss
(6,307
)
 
(403
)
 
169

 
(1,772
)
 
(8,313
)
Balance, December 31, 2016
$
(8,194
)
 
$
1,392

 
$
957

 
$
(1,772
)
 
$
(7,617
)
Other comprehensive income (loss) before reclassifications
3,073

 
—

 
—

 
(184
)
 
2,889

Less: Amounts reclassified from accumulated other comprehensive income
(1,280
)
 
(394
)
 
(90
)
 
—

 
(1,764
)
Net current-period other comprehensive income
1,793

 
(394
)
 
(90
)
 
(184
)
 
1,125

Less: Reclassification due to the adoption of ASU No. 2018-02
(1,441
)
 
225

 
(2
)
 
(442
)
 
(1,660
)
Balance, December 31, 2017
$
(7,842
)
 
$
1,223

 
$
865

 
$
(2,398
)
 
$
(8,152
)


Components of other comprehensive income that impact the Statement of Income are presented in the table below.
 
 
Twelve Months Ended
December 31,
 
Affected line item in
Consolidated Statements of
Income
(Dollars in thousands)
2017
 
2016
 
2015
 
 
Securities available for sale:
 
 
 
 
 
Realized gains on securities transactions
$
(1,984
)
 
$
(2,369
)
 
$
(1,478
)
 
Securities gains, net
Income taxes
704

 
900

 
562

 
Income tax provision
Net of tax
$
(1,280
)
 
$
(1,469
)
 
$
(916
)
 
 
Net unrealized holding gains on securities transferred between available-for-sale and held-to-maturity:
 
 
 
 
 
 
 
Amortization of net unrealized gains to income during the period
$
(635
)
 
$
(651
)
 
$
(646
)
 
Interest income on
investment securities
Income taxes
241

 
248

 
234

 
Income tax provision
Net of tax
$
(394
)
 
$
(403
)
 
$
(412
)
 
 
Amortization of Defined Benefit Pension Items:
 
 
 
 
 
 
 
Prior service costs
$
(76
)
 
$
(76
)
 
$
(76
)
 
 
Transition obligation
—

 
—

 
—

 
 
Actuarial losses
(70
)
 
348

 
(20
)
 
 
Total before tax
$
(146
)
 
$
272

 
$
(96
)
 
Salaries, benefits and other compensation
Income taxes
56

 
(103
)
 
37

 
Income tax provision
Net of tax
$
(90
)
 
$
169

 
$
(59
)
 
 
Total reclassifications
$
(1,764
)
 
$
(1,703
)
 
$
(1,387
)