13. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table presents the components of other comprehensive income for the three and six months ended June 30, 2014 and 2013, by component:

	Before Tax			Tax Effect			Net of Tax
	(Dollars in thousands)
Three Months Ended June 30, 2014
Net unrealized gains on investment securities:
Net unrealized gains arising during the period	$	15,940		$	6,272		$	9,668
Less: Reclassification adjustment for losses realized in net income	1,071			429			642
Net unrealized gains on investment securities	17,011			6,701			10,310

Defined benefit plans:
Amortization of net actuarial losses	305			120			185
Amortization of net transition obligation	4			2			2
Amortization of prior service cost	5			2			3
Defined benefit plans, net	314			124			190

Other comprehensive income	$	17,325		$	6,825		$	10,500

Three Months Ended June 30, 2013
Net unrealized losses on investment securities:
Net unrealized losses arising during the period	$	(39,577	)	$	(16,477	)	$	(23,100	)

Defined benefit plans:
Amortization of net actuarial losses	618			248			370
Amortization of net transition obligation	4			2			2
Amortization of prior service cost	5			2			3
Defined benefit plans, net	627			252			375

Other comprehensive loss	$	(38,950	)	$	(16,225	)	$	(22,725	)

	Before Tax			Tax Effect			Net of Tax
	(Dollars in thousands)
Six Months Ended June 30, 2014
Net unrealized gains on investment securities:
Net unrealized gains arising during the period	$	31,884		$	12,640		$	19,244
Less: Reclassification adjustment for losses realized in net income	1,071			429			642
Net unrealized gains on investment securities	32,955			13,069			19,886

Defined benefit plans:
Amortization of net actuarial losses	610			243			367
Amortization of net transition obligation	8			4			4
Amortization of prior service cost	10			4			6
Defined benefit plans, net	628			251			377

Other comprehensive income	$	33,583		$	13,320		$	20,263

Six Months Ended June 30, 2013
Net unrealized losses on investment securities:
Net unrealized losses arising during the period	$	(44,400	)	$	(16,477	)	$	(27,923	)

Net unrealized gains on derivatives:
Reclassification adjustment for losses realized in net income	394			(10,599		)	10,993

Defined benefit plans:
Amortization of net actuarial losses	1,234			248			986
Amortization of net transition obligation	8			2			6
Amortization of prior service cost	10			2			8
Defined benefit plans, net	1,252			252			1,000

Other comprehensive loss	$	(42,754	)	$	(26,824	)	$	(15,930	)

The following table presents the changes in each component of AOCI, net of tax, for the three and six months ended June 30, 2014 and 2013:

							Defined			Accumulated Other
	Investment						Benefit			Comprehensive
	Securities			Derivatives			Plans			Income (Loss)
	(Dollars in thousands)
Three Months Ended June 30, 2014
Balance at beginning of period	$	451		$	—		$	(6,533	)	$	(6,082	)

Other comprehensive income before reclassifications	9,668			—			—			9,668
Amounts reclassified from AOCI	642			—			190			832
Total other comprehensive income	10,310			—			190			10,500

Balance at end of period	$	10,761		$	—		$	(6,343	)	$	4,418

Three Months Ended June 30, 2013
Balance at beginning of period	$	17,917		$	—		$	(11,952	)	$	5,965

Other comprehensive loss before reclassifications	(23,100		)	—			—			(23,100		)
Amounts reclassified from AOCI	—			—			375			375
Total other comprehensive income (loss)	(23,100		)	—			375			(22,725		)

Balance at end of period	$	(5,183	)	$	—		$	(11,577	)	$	(16,760	)

Six Months Ended June 30, 2014
Balance at beginning of period	$	(9,125	)	$	—		$	(6,720	)	$	(15,845	)

Other comprehensive income before reclassifications	19,244			—			—			19,244
Amounts reclassified from AOCI	642			—			377			1,019
Total other comprehensive income	19,886			—			377			20,263

Balance at end of period	$	10,761		$	—		$	(6,343	)	$	4,418

Six Months Ended June 30, 2013
Balance at beginning of period	$	22,740		$	(10,993	)	$	(12,577	)	$	(830	)

Other comprehensive loss before reclassifications	(27,923		)	—			—			(27,923		)
Amounts reclassified from AOCI	—			10,993			1,000			11,993
Total other comprehensive income (loss)	(27,923		)	10,993			1,000			(15,930		)

Balance at end of period	$	(5,183	)	$	—		$	(11,577	)	$	(16,760	)

The following table presents the amounts reclassified out of each component of AOCI for the three and six months ended June 30, 2014 and 2013:

	Amount Reclassified from AOCI						Affected Line Item in the
	Three Months Ended June 30,						Statement Where Net
Details about AOCI Components	2014			2013			Income is Presented
	(Dollars in thousands)

Sale of investment securities available for sale	$	(1,071	)	$	—		Investment securities gains
	429			—			Tax benefit
	$	(642	)	$	—		Net of tax

Amortization of defined benefit plan items
Net actuarial losses	$	(305	)	$	(618	)	(1)
Net transition obligation	(4		)	(4		)	(1)
Prior service cost	(5		)	(5		)	(1)
	(314		)	(627		)	Total before tax
	124			252			Tax benefit
	$	(190	)	$	(375	)	Net of tax

Total reclassifications for the period	$	(832	)	$	(375	)	Net of tax

	Six Months Ended June 30,
	2014			2013

Sale of investment securities available for sale	$	(1,071	)	$	—		Investment securities gains
	429			—			Tax benefit
	$	(642	)	$	—		Net of tax

Unrealized losses on derivatives	$	—		$	(394	)	Interest income
	—			(10,599		)	Tax expense
	$	—		$	(10,993	)	Net of tax

Amortization of defined benefit plan items
Net actuarial losses	$	(610	)	$	(1,234	)	(1)
Net transition obligation	(8		)	(8		)	(1)
Prior service cost	(10		)	(10		)	(1)
	(628		)	(1,252		)	Total before tax
	251			252			Tax benefit
	$	(377	)	$	(1,000	)	Net of tax

Total reclassifications for the period	$	(1,019	)	$	(11,993	)	Net of tax

(1) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 14 for additional details).