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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 3 Months Ended
Mar. 31, 2015
Accumulated Other Comprehensive Income (Loss).  
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

 

13.   ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

 

The following table presents the components of other comprehensive income for the three months ended March 31, 2015 and 2014, by component:

 

 

 

Before Tax

 

Tax Effect

 

Net of Tax

 

 

 

(Dollars in thousands)

 

Three Months Ended March 31, 2015

 

 

 

 

 

 

 

Net unrealized gains on investment securities:

 

 

 

 

 

 

 

Net unrealized gains arising during the period

 

$
11,476 

 

$
4,567 

 

$
6,909 

 

 

 

 

 

 

 

 

 

Defined benefit plans:

 

 

 

 

 

 

 

Amortization of net actuarial losses

 
420 

 
165 

 
255 

 

Amortization of net transition obligation

 
4 

 
2 

 
2 

 

Amortization of prior service cost

 
5 

 
2 

 
3 

 

Defined benefit plans, net

 
429 

 
169 

 
260 

 

 

 

 

 

 

 

 

 

Other comprehensive income

 

$
11,905 

 

$
4,736 

 

$
7,169 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2014

 

 

 

 

 

 

 

Net unrealized gains on investment securities:

 

 

 

 

 

 

 

Net unrealized gains arising during the period

 

$
15,944 

 

$
6,368 

 

$
9,576 

 

 

 

 

 

 

 

 

 

Defined benefit plans:

 

 

 

 

 

 

 

Amortization of net actuarial losses

 
305 

 
123 

 
182 

 

Amortization of net transition obligation

 
4 

 
2 

 
2 

 

Amortization of prior service cost

 
5 

 
2 

 
3 

 

Defined benefit plans, net

 
314 

 
127 

 
187 

 

 

 

 

 

 

 

 

 

Other comprehensive income

 

$
16,258 

 

$
6,495 

 

$
9,763 

 

 

The following table presents the changes in each component of AOCI, net of tax, for the three months ended March 31, 2015 and 2014:

 

 

 

 

 

Defined

 

Accumulated Other

 

 

 

Investment

 

Benefit

 

Comprehensive

 

 

 

Securities

 

Plans

 

Income (Loss)

 

 

 

(Dollars in thousands)

 

Three Months Ended March 31, 2015

 

 

 

 

 

 

 

Balance at beginning of period

 

$
13,586

 

$
(10,427

)

$
3,159

 

 

 

 

 

 

 

 

 

Other comprehensive income before reclassifications

 
6,909

 

—

 
6,909

 

Amounts reclassified from AOCI

 

—

 
260

 
260

 

Total other comprehensive income

 
6,909

 
260

 
7,169

 

 

 

 

 

 

 

 

 

Balance at end of period

 

$
20,495

 

$
(10,167

)

$
10,328

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2014

 

 

 

 

 

 

 

Balance at beginning of period

 

$
(9,125

)

$
(6,720

)

$
(15,845

)

 

 

 

 

 

 

 

 

Other comprehensive income before reclassifications

 
9,576

 

—

 
9,576

 

Amounts reclassified from AOCI

 

—

 
187

 
187

 

Total other comprehensive income

 
9,576

 
187

 
9,763

 

 

 

 

 

 

 

 

 

Balance at end of period

 

$
451

 

$
(6,533

)

$
(6,082

)

 

The following table presents the amounts reclassified out of each component of AOCI for the three months ended March 31, 2015 and 2014:

 

 

 

Amount Reclassified from AOCI

 

Affected Line Item in the

 

 

 

Three Months Ended March 31,

 

Statement Where Net

 

Details about AOCI Components

 

2015

 

2014

 

Income is Presented

 

 

 

(Dollars in thousands)

 

 

 

Amortization of defined benefit plan items

 

 

 

 

 

 

 

Net actuarial losses

 

$
(420

)

$
(305

)

(1)

 

Net transition obligation

 
(4

)
(4

)

(1)

 

Prior service cost

 
(5

)
(5

)

(1)

 

 

 
(429

)
(314

)

Total before tax

 

 

 
169

 
127

 

Tax benefit

 

Total reclassifications for the period

 

$
(260

)

$
(187

)

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).