ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

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



(dollars in thousands)	Before Tax			Tax Effect			Net of Tax
Three Months Ended September 30, 2016
Net unrealized losses on investment securities:
Net unrealized losses arising during the period	$	(3,390	)	$	(1,348	)	$	(2,042	)
Less: Reclassification adjustment for gains realized in net income	—			—			—
Net unrealized losses on investment securities	(3,390		)	(1,348		)	(2,042		)

Defined benefit plans:
Amortization of net actuarial loss	366			123			243
Amortization of net transition obligation	4			1			3
Amortization of prior service cost	4			1			3
Defined benefit plans, net	374			125			249

Other comprehensive loss	$	(3,016	)	$	(1,223	)	$	(1,793	)



(dollars in thousands)	Before Tax		Tax Effect		Net of Tax
Three Months Ended September 30, 2015
Net unrealized gains on investment securities:
Net unrealized gains arising during the period	$	12,561	$	4,998	$	7,563
Less: Reclassification adjustment for losses realized in net income	—		—		—
Net unrealized gains on investment securities	12,561		4,998		7,563

Defined benefit plans:
Amortization of net actuarial loss	419		165		254
Amortization of net transition obligation	4		2		2
Amortization of prior service cost	5		2		3
Defined benefit plans, net	428		169		259

Other comprehensive income	$	12,989	$	5,167	$	7,822



(dollars in thousands)	Before Tax		Tax Effect		Net of Tax
Nine Months Ended September 30, 2016
Net unrealized gains on investment securities:
Net unrealized gains arising during the period	$	26,030	$	10,353	$	15,677
Less: Reclassification adjustment for gains realized in net income	—		—		—
Net unrealized gains on investment securities	26,030		10,353		15,677

Defined benefit plans:
Amortization of net actuarial loss	1,099		371		728
Amortization of net transition obligation	12		3		9
Amortization of prior service cost	14		3		11
Defined benefit plans, net	1,125		377		748

Other comprehensive income	$	27,155	$	10,730	$	16,425

Nine Months Ended September 30, 2015
Net unrealized gains on investment securities:
Net unrealized gains arising during the period	$	3,285	$	1,306	$	1,979
Less: Reclassification adjustment for losses realized in net income	1,866		743		1,123
Net unrealized gains on investment securities	5,151		2,049		3,102

Defined benefit plans:
Amortization of net actuarial loss	1,260		499		761
Amortization of net transition obligation	12		7		5
Amortization of prior service cost	15		6		9
Defined benefit plans, net	1,287		512		775

Other comprehensive income	$	6,438	$	2,561	$	3,877

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



(dollars in thousands)	Investment Securities			Defined Benefit Plans			Accumulated Other Comprehensive Income
Three Months Ended September 30, 2016
Balance at beginning of period	$	26,900		$	(8,479	)	$	18,421

Other comprehensive loss before reclassifications	(2,042		)	—			(2,042		)
Amounts reclassified from AOCI	—			249			249
Total other comprehensive income (loss)	(2,042		)	249			(1,793		)

Balance at end of period	$	24,858		$	(8,230	)	$	16,628



(dollars in thousands)	Investment Securities		Defined Benefit Plans			Accumulated Other Comprehensive Income
Three Months Ended September 30, 2015
Balance at beginning of period	$	9,125	$	(9,911	)	$	(786	)

Other comprehensive income before reclassifications	7,563		—			7,563
Amounts reclassified from AOCI	—		259			259
Total other comprehensive income	7,563		259			7,822

Balance at end of period	$	16,688	$	(9,652	)	$	7,036



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

Other comprehensive income before reclassifications	15,677		—			15,677
Amounts reclassified from AOCI	—		748			748
Total other comprehensive income	15,677		748			16,425

Balance at end of period	$	24,858	$	(8,230	)	$	16,628



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

Other comprehensive income before reclassifications	1,979		—			1,979
Amounts reclassified from AOCI	1,123		775			1,898
Total other comprehensive income	3,102		775			3,877

Balance at end of period	$	16,688	$	(9,652	)	$	7,036

The following table presents the amounts reclassified out of each component of AOCI for the three and nine months ended September 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 September 30,
(dollars in thousands)	2016			2015
Amortization of defined benefit retirement and supplemental executive retirement plan items
Net actuarial loss	$	(366	)	$	(419	)	(1)
Net transition obligation	(4		)	(4		)	(1)
Prior service cost	(4		)	(5		)	(1)
	(374		)	(428		)	Total before tax
	125			169			Tax benefit
Total reclassifications for the period	$	(249	)	$	(259	)	Net of tax



	Amount Reclassified from AOCI						Affected Line Item in the Statement Where Net Income is Presented
Details about AOCI Components	Nine months ended September 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 loss	$	(1,099	)	$	(1,260	)	(1)
Net transition obligation	(12		)	(12		)	(1)
Prior service cost	(14		)	(15		)	(1)
	(1,125		)	(1,287		)	Total before tax
	377			512			Tax benefit
	$	(748	)	$	(775	)	Net of tax

Total reclassifications for the period	$	(748	)	$	(1,898	)	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).