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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
3 Months Ended
Mar. 31, 2015
Accumulated Other Comprehensive Income (Loss).  
Schedule of components of other comprehensive income (loss)

 

 

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

 

 

 

 

Amortization of prior service cost

 

 

 

 

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

 

 

 

 

Amortization of prior service cost

 

 

 

 

Defined benefit plans, net

 

314 

 

127 

 

187 

 

 

 

 

 

 

 

 

 

Other comprehensive income

 

$

16,258 

 

$

6,495 

 

$

9,763 

 

 

Schedule of changes in each component of AOCI, net of tax

 

 

 

 

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

)

 

Schedule of amounts reclassified out of each component of AOCI

 

 

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).