Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2021

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table summarizes the changes within each classification of AOCI, net of tax:


(dollars in thousands)	Unrealized Gains and Losses on Available- for-Sale Debt Securities		Gains and Losses on Cash Flow Hedges		Defined Benefit Pension Plans		Total
Three Months Ended March 31, 2021
Balance at beginning of period	$	145,335	$	2,584	$	(148)	$	147,771
Other comprehensive income (loss) before reclassifications	(57,287)		3,053		—		(54,234)
Amounts reclassified from AOCI to income (1)	(1,553)		(112)		37		(1,628)
Balance at end of period	$	86,495	$	5,525	$	(111)	$	91,909

Three Months Ended March 31, 2020
Balance at beginning of period	$	56,131	$	240	$	(164)	$	56,207
Other comprehensive income (loss) before reclassifications	80,369		5,886		—		86,255
Amounts reclassified from AOCI to income (1)	(4,000)		(325)		20		(4,305)
Balance at end of period	$	132,500	$	5,801	$	(144)	$	138,157

(1)See table below for details about reclassifications to income.

The following table summarizes the significant amounts reclassified out of each component of AOCI for the three months ended March 31, 2021 and 2020:


Details about AOCI Components	Amount Reclassified from AOCI				Affected Line Item in the Statement of Income
	Three Months Ended March 31,
(dollars in thousands)	2021		2020
Unrealized gains and losses on available-for-sale debt securities	$	1,993	$	5,174	Debt securities gains (losses), net
	(440)		(1,174)		Income tax (expense) benefit
	$	1,553	$	4,000	Net income



Gains and losses on cash flow hedges Interest rate contracts	$	149	$	431	Interest income (expense)
	(37)		(106)		Income tax (expense) benefit
	$	112	$	325	Net income
Amortization of defined benefit pension items
Actuarial gains (losses)	$	(49)	$	(27)	Salaries and employee benefits
	12		7		Income tax (expense) benefit
	$	(37)	$	(20)	Net income

Total reclassifications for the period	$	1,628	$	4,305	Net income