Comprehensive Income/(Loss) (Tables)

9 Months Ended

Sep. 30, 2019

Components of Accumulated Other Comprehensive Income

The activity in accumulated other comprehensive income for the nine months ended September 30, 2019 and 2018 is as follows:

	Accumulated Other Comprehensive Income/(Loss)⁽¹⁾
(unaudited, in thousands)	Defined Benefit Plans			Unrealized Gains (Losses) on Debt Securities Available-for-Sale			Unrealized Gains on Debt Securities Transferred from Available-for-Sale to Held-to-Maturity			Total
Balance at December 31, 2018	$	(16,542	)	$	(21,522	)	$	193		$	(37,871	)
Other comprehensive income before reclassifications		—			46,450			—			46,450
Amounts reclassified from accumulated other comprehensive income		1,721			(199	)		(179	)		1,343
Period change		1,721			46,251			(179	)		47,793
Balance at September 30, 2019	$	(14,821	)	$	24,729		$	14		$	9,922

Balance at December 31, 2017	$	(18,626	)	$	(13,250	)	$	381		$	(31,495	)
Other comprehensive income before reclassifications		—			(33,013	)		—			(33,013	)
Acquired FFKT Medical benefit plan		4,235			—			—			4,235
Amounts reclassified from accumulated other comprehensive income		1,621			(9	)		(149	)		1,463
Period change		5,856			(33,022	)		(149	)		(27,315	)
Adoption of Accounting Standard ASU 2016-01		—			(1,063	)		—			(1,063	)
Balance at September 30, 2018	$	(12,770	)	$	(47,335	)	$	232		$	(59,873	)

⁽¹⁾ All amounts are net of tax. Related income tax expense or benefit is calculated using a combined Federal and State income tax rate approximating 23%.

Schedule of Amounts Reclassified from Accumulated Other Comprehensive Income/(Loss)

The following table provides details about amounts reclassified from accumulated other comprehensive income for the three and nine months ended September 30, 2019 and 2018:

Details about Accumulated Other Comprehensive Income/(Loss) Components	For the Three Months Ended September 30,						For the Nine Months Ended September 30,						Affected Line Item in the Statement of Net Income
(unaudited, in thousands)	2019			2018			2019			2018
Debt securities available-for-sale ⁽¹⁾:
Net securities gains reclassified into earnings	$	(219	)	$	(11	)	$	(258	)	$	(11	)	Net securities gains (Non-interest income)
Related income tax expense		50			2			59			2		Provision for income taxes
Net effect on accumulated other comprehensive income for the period		(169	)		(9	)		(199	)		(9	)

Debt securities held-to-maturity ⁽¹⁾:
Amortization of unrealized gain transferred from available-for-sale		(88	)		(64	)		(237	)		(195	)	Interest and dividends on securities (Interest and dividend income)
Related income tax expense		20			15			58			46		Provision for income taxes
Net effect on accumulated other comprehensive income for the period		(68	)		(49	)		(179	)		(149	)

Defined benefit plans ⁽²⁾:
Amortization of net loss and prior service costs		767			772			2,275			2,293		Employee benefits (Non-interest expense)
Related income tax benefit		(175	)		(177	)		(554	)		(672	)	Provision for income taxes
Net effect on accumulated other comprehensive income for the period		592			595			1,721			1,621
Total reclassifications for the period	$	355		$	537		$	1,343		$	1,463

⁽¹⁾For additional detail related to unrealized gains on securities and related amounts reclassified from accumulated other comprehensive income, see Note 4, “Securities.”

⁽²⁾Included in the computation of net periodic pension cost. See Note 8, “Benefit Plans” for additional detail.