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Other Comprehensive Income/(Loss) (Tables)

9 Months Ended

Sep. 30, 2020

Equity [Abstract]

Schedule of Tax Effects of Components of Other Comprehensive Loss

The following table presents the change in components of other comprehensive income (loss) for the periods presented, net of tax effects.

			Three Months Ended September 30, 2020																											Three Months Ended September 30, 2019
(dollars in thousands)			Pre-Tax Amount									Tax (Expense) Benefit									Net of Tax Amount									Pre-Tax Amount									Tax Benefit (Expense)									Net of Tax Amount
Change in net unrealized gains/(losses) on debt securities available-for-sale						$	(882)								$	188								$	(694)								$	2,350								$	(501)								$	1,849
Reclassification adjustment for net (gains)/losses on debt securities available-for-sale included in net income (1)						—									—									—									—									—									—
Adjustment to funded status of employee benefit plans (2)						1,163									(248)									915									454									(97)									357
Other Comprehensive Income (Loss)						$	281								$	(60)								$	221								$	2,804								$	(598)								$	2,206
			Nine Months Ended September 30, 2020																											Nine Months Ended September 30, 2019
(dollars in thousands)			Pre-Tax Amount									Tax (Expense) Benefit									Net of Tax Amount									Pre-Tax Amount									Tax (Expense) Benefit									Net of Tax Amount
Change in net unrealized gains/(losses) on available-for-sale debt securities						$	24,883								$	(5,294)								$	19,589								$	18,716								$	(3,991)								$	14,725
Reclassification adjustment for net (gains)/losses on debt securities available-for-sale included in net income (1)						(142)									30									(112)									—									—									—
Adjustment to funded status of employee benefit plans (2)						2,092									(446)									1,646									1,359									(290)									1,069
Other Comprehensive Income/(Loss)						$	26,833								$	(5,710)								$	21,123								$	20,075								$	(4,281)								$	15,794

(1) Reclassification adjustments are comprised of realized security gains or losses. The realized gains or losses have been reclassified out of accumulated other comprehensive income/(loss) and have affected certain lines in the Consolidated Statements of Comprehensive Income as follows: the pre-tax amount is included in net gain on sale of securities, the tax expense amount is included in the provision for income taxes and the net of tax amount is included in net income.

(2) Pension settlement accounting was triggered during the three and nine months ended September 30, 2020 resulting in a charge of $0.7 million immediately recognizing a portion of unrecognized actuarial loss and a remeasurement of our pension obligation.

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- Definition

Tabular disclosure of the net gain (loss) and net prior service cost or credit recognized in other comprehensive income (loss) for the period for pension plans and/or other employee benefit plans, and reclassification adjustments of other comprehensive income (loss) for the period, as those amounts, including amortization of the net transition asset or obligation, are recognized as components of net periodic benefit cost.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (i)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

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