ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following tables present the components of other comprehensive income for the three and six months ended June 30, 2016 and 2015, by component:



(dollars in thousands)	Before Tax		Tax Effect		Net of Tax
Three Months Ended June 30, 2016
Net unrealized gains on investment securities:
Net unrealized gains arising during the period	$	9,737	$	3,871	$	5,866
Less: Reclassification adjustment for gains realized in net income	—		—		—
Net unrealized gains on investment securities	9,737		3,871		5,866

Defined benefit plans:
Amortization of net actuarial losses	366		124		242
Amortization of net transition obligation	4		1		3
Amortization of prior service cost	5		1		4
Defined benefit plans, net	375		126		249

Other comprehensive income	$	10,112	$	3,997	$	6,115



(dollars in thousands)	Before Tax			Tax Effect			Net of Tax
Three Months Ended June 30, 2015
Net unrealized losses on investment securities:
Net unrealized losses arising during the period	$	(20,752	)	$	(8,259	)	$	(12,493	)
Less: Reclassification adjustment for losses realized in net income	1,866			743			1,123
Net unrealized losses on investment securities	(18,886		)	(7,516		)	(11,370		)

Defined benefit plans:
Amortization of net actuarial losses	421			170			251
Amortization of net transition obligation	4			2			2
Amortization of prior service cost	5			2			3
Defined benefit plans, net	430			174			256

Other comprehensive loss	$	(18,456	)	$	(7,342	)	$	(11,114	)



(dollars in thousands)	Before Tax			Tax Effect			Net of Tax
Six Months Ended June 30, 2016
Net unrealized gains on investment securities:
Net unrealized gains arising during the period	$	29,420		$	11,701		$	17,719
Less: Reclassification adjustment for gains realized in net income	—			—			—
Net unrealized gains on investment securities	29,420			11,701			17,719

Defined benefit plans:
Amortization of net actuarial losses	733			248			485
Amortization of net transition obligation	8			2			6
Amortization of prior service cost	10			2			8
Defined benefit plans, net	751			252			499

Other comprehensive income	$	30,171		$	11,953		$	18,218

Six Months Ended June 30, 2015
Net unrealized losses on investment securities:
Net unrealized losses arising during the period	$	(9,276	)	$	(3,692	)	$	(5,584	)
Less: Reclassification adjustment for losses realized in net income	1,866			743			1,123
Net unrealized losses on investment securities	(7,410		)	(2,949		)	(4,461		)

Defined benefit plans:
Amortization of net actuarial losses	841			335			506
Amortization of net transition obligation	8			4			4
Amortization of prior service cost	10			4			6
Defined benefit plans, net	859			343			516

Other comprehensive loss	$	(6,551	)	$	(2,606	)	$	(3,945	)

The following tables present the changes in each component of AOCI, net of tax, for the three and six months ended June 30, 2016 and 2015:



(dollars in thousands)	Investment Securities		Defined Benefit Plans			Accumulated Other Comprehensive Income
Three Months Ended June 30, 2016
Balance at beginning of period	$	21,034	$	(8,728	)	$	12,306

Other comprehensive income before reclassifications	5,866		—			5,866
Amounts reclassified from AOCI	—		249			249
Total other comprehensive income	5,866		249			6,115

Balance at end of period	$	26,900	$	(8,479	)	$	18,421



(dollars in thousands)	Investment Securities			Defined Benefit Plans			Accumulated Other Comprehensive Income
Three Months Ended June 30, 2015
Balance at beginning of period	$	20,495		$	(10,167	)	$	10,328

Other comprehensive loss before reclassifications	(12,493		)	—			(12,493		)
Amounts reclassified from AOCI	1,123			256			1,379
Total other comprehensive (loss) income	(11,370		)	256			(11,114		)

Balance at end of period	$	9,125		$	(9,911	)	$	(786	)



(dollars in thousands)	Investment Securities		Defined Benefit Plans			Accumulated Other Comprehensive Income
Six Months Ended June 30, 2016
Balance at beginning of period	$	9,181	$	(8,978	)	$	203

Other comprehensive income before reclassifications	17,719		—			17,719
Amounts reclassified from AOCI	—		499			499
Total other comprehensive income	17,719		499			18,218

Balance at end of period	$	26,900	$	(8,479	)	$	18,421



(dollars in thousands)	Investment Securities			Defined Benefit Plans			Accumulated Other Comprehensive Income
Six Months Ended June 30, 2015
Balance at beginning of period	$	13,586		$	(10,427	)	$	3,159

Other comprehensive loss before reclassifications	(5,584		)	—			(5,584		)
Amounts reclassified from AOCI	1,123			516			1,639
Total other comprehensive (loss) income	(4,461		)	516			(3,945		)

Balance at end of period	$	9,125		$	(9,911	)	$	(786	)

The following table presents the amounts reclassified out of each component of AOCI for the three and six months ended June 30, 2016 and 2015:



	Amount Reclassified from AOCI						Affected Line Item in the Statement Where Net Income is Presented
Details about AOCI Components	Three months ended June 30,
(dollars in thousands)	2016			2015
Sale of investment securities available for sale	$	—		$	(1,866	)	Investment securities losses
	—			743			Tax benefit
	$	—		$	(1,123	)	Net of tax

Amortization of defined benefit retirement and supplemental executive retirement plan items
Net actuarial losses	$	(366	)	$	(421	)	(1)
Net transition obligation	(4		)	(4		)	(1)
Prior service cost	(5		)	(5		)	(1)
	(375		)	(430		)	Total before tax
	126			174			Tax benefit
	$	(249	)	$	(256	)	Net of tax

Total reclassifications for the period	$	(249	)	$	(1,379	)	Net of tax



	Amount Reclassified from AOCI						Affected Line Item in the Statement Where Net Income is Presented
Details about AOCI Components	Six months ended June 30,
(dollars in thousands)	2016			2015
Sale of investment securities available for sale	$	—		$	(1,866	)	Investment securities losses
	—			743			Tax benefit
	$	—		$	(1,123	)	Net of tax

Amortization of defined benefit retirement and supplemental executive retirement plan items
Net actuarial losses	$	(733	)	$	(841	)	(1)
Net transition obligation	(8		)	(8		)	(1)
Prior service cost	(10		)	(10		)	(1)
	(751		)	(859		)	Total before tax
	252			343			Tax benefit
	$	(499	)	$	(516	)	Net of tax

Total reclassifications for the period	$	(499	)	$	(1,639	)	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).