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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables) | 6 Months Ended
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Jun. 30, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Schedule of components of other comprehensive income (loss) | The following tables present the components of other comprehensive income for the three and six months ended June 30, 2020 and 2019, by component:
(dollars in thousands) | Before Tax |  | Tax Effect |  | Net of Tax
Three Months Ended June 30, 2020 |  |  |  |  |
Net unrealized gains on investment securities: |  |  |  |  |
Net unrealized gains arising during the period | $ | 8,570 |  |  | $ | 2,295 |  |  | $ | 6,275 |
Less: Reclassification adjustments from AOCI realized in net income | — |  |  | — |  |  | — |
Net unrealized gains on investment securities | 8,570 |  |  | 2,295 |  |  | 6,275 |
Defined benefit plans: |  |  |  |  |
Amortization of net actuarial loss | 269 |  |  | 70 |  |  | 199 |
Amortization of net transition obligation | 4 |  |  | 1 |  |  | 3 |
Amortization of prior service cost | 3 |  |  | 1 |  |  | 2 |
Defined benefit plans, net | 276 |  |  | 72 |  |  | 204 |
Other comprehensive income | $ | 8,846 |  |  | $ | 2,367 |  |  | $ | 6,479 |
(dollars in thousands) | Before Tax |  | Tax Effect |  | Net of Tax
Three Months Ended June 30, 2019 |  |  |  |  |
Net unrealized gains on investment securities: |  |  |  |  |
Net unrealized gains arising during the period | $ | 16,620 |  |  | $ | 4,455 |  |  | $ | 12,165 |
Less: Reclassification adjustments from AOCI realized in net income | — |  |  | — |  |  | — |
Net unrealized gains on investment securities | 16,620 |  |  | 4,455 |  |  | 12,165 |
Defined benefit plans: |  |  |  |  |
Amortization of net actuarial loss | 264 |  |  | 22 |  |  | 242 |
Amortization of net transition obligation | 4 |  |  | 1 |  |  | 3 |
Amortization of prior service cost | 4 |  |  | 1 |  |  | 3 |
Defined benefit plans, net | 272 |  |  | 24 |  |  | 248 |
Other comprehensive income | $ | 16,892 |  |  | $ | 4,479 |  |  | $ | 12,413 |
(dollars in thousands) | Before Tax |  | Tax Effect |  | Net of Tax
Six Months Ended June 30, 2020 |  |  |  |  |
Net unrealized gains on investment securities: |  |  |  |  |
Net unrealized gains arising during the period | $ | 22,428 |  |  | $ | 6,006 |  |  | $ | 16,422 |
Less: Reclassification adjustments from AOCI realized in net income | — |  |  | — |  |  | — |
Net unrealized gains on investment securities | 22,428 |  |  | 6,006 |  |  | 16,422 |
Defined benefit plans: |  |  |  |  |
Net actuarial gains arising during the period | 427 |  |  | 114 |  |  | 313 |
Amortization of net actuarial loss | 537 |  |  | 142 |  |  | 395 |
Amortization of net transition obligation | 9 |  |  | 2 |  |  | 7 |
Amortization of prior service cost | 7 |  |  | 2 |  |  | 5 |
Defined benefit plans, net | 980 |  |  | 260 |  |  | 720 |
Other comprehensive income | $ | 23,408 |  |  | $ | 6,266 |  |  | $ | 17,142 |
Schedule of changes in each component of AOCI, net of tax | The following tables present the changes in each component of AOCI, net of tax, for the three and six months ended June 30, 2020 and 2019:
(dollars in thousands) | Investment Securities |  | Defined Benefit Plans |  | AOCI
Three Months Ended June 30, 2020 |  |  |  |  |
Balance at beginning of period | $ | 24,972 |  |  | $ | (5,900) |  |  | $ | 19,072 |
Other comprehensive income before reclassifications | 6,275 |  |  | — |  |  | 6,275 |
Reclassification adjustments from AOCI | — |  |  | 204 |  |  | 204 |
Total other comprehensive income | 6,275 |  |  | 204 |  |  | 6,479 |
Balance at end of period | $ | 31,247 |  |  | $ | (5,696) |  |  | $ | 25,551 |
(dollars in thousands) | Investment Securities |  | Defined Benefit Plans |  | AOCI
Three Months Ended June 30, 2019 |  |  |  |  |
Balance at beginning of period | $ | (1,747) |  |  | $ | (6,208) |  |  | $ | (7,955) |
Other comprehensive loss before reclassifications | 12,165 |  |  | — |  |  | 12,165 |
Reclassification adjustments from AOCI | — |  |  | 248 |  |  | 248 |
Total other comprehensive income | 12,165 |  |  | 248 |  |  | 12,413 |
Balance at end of period | $ | 10,418 |  |  | $ | (5,960) |  |  | $ | 4,458 |
(dollars in thousands) | Investment Securities |  | Defined Benefit Plans |  | AOCI
Six Months Ended June 30, 2020 |  |  |  |  |
Balance at beginning of period | $ | 14,825 |  |  | $ | (6,416) |  |  | $ | 8,409 |
Other comprehensive income before reclassifications | 16,422 |  |  | 313 |  |  | 16,735 |
Reclassification adjustments from AOCI | — |  |  | 407 |  |  | 407 |
Total other comprehensive income | 16,422 |  |  | 720 |  |  | 17,142 |
Balance at end of period | $ | 31,247 |  |  | $ | (5,696) |  |  | $ | 25,551 |
(dollars in thousands) | Investment Securities |  | Defined Benefit Plans |  | AOCI
Six Months Ended June 30, 2019 |  |  |  |  |
Balance at beginning of period | $ | (9,643) |  |  | $ | (6,450) |  |  | $ | (16,093) |
Impact of the adoption of new accounting standards | (3,100) |  |  | — |  |  | (3,100) |
Adjusted balance at beginning of period | (12,743) |  |  | (6,450) |  |  | (19,193) |
Other comprehensive loss before reclassifications | 23,161 |  |  | — |  |  | 23,161 |
Reclassification adjustments from AOCI | — |  |  | 490 |  |  | 490 |
Total other comprehensive income (loss) | 23,161 |  |  | 490 |  |  | 23,651 |
Balance at end of period | $ | 10,418 |  |  | $ | (5,960) |  |  | $ | 4,458 |
Schedule of amounts reclassified out of each component of AOCI | The following table presents the amounts reclassified out of each component of AOCI for the three and six months ended June 30, 2020 and 2019:
| 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) | 2020 |  | 2019 |  |
Defined benefit retirement and supplemental executive retirement plan items: |  |  |  |  |
Amortization of net actuarial loss | $ | (269) |  |  | $ | (264) |  |  | Salaries and employee benefits
Amortization of net transition obligation | (4) |  |  | (4) |  |  | Salaries and employee benefits
Amortization of prior service cost | (3) |  |  | (4) |  |  | Salaries and employee benefits
Total before tax | (276) |  |  | (272) |  |  |
Tax effect | 72 |  |  | 24 |  |  | Income tax benefit (expense)
Net of tax | $ | (204) |  |  | $ | (248) |  |  |
Total reclassification adjustments from AOCI for the period, net of tax | $ | (204) |  |  | $ | (248) |  |  |
| 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) | 2020 |  | 2019 |  |
Defined benefit retirement and supplemental executive retirement plan items: |  |  |  |  |
Amortization of net actuarial loss | $ | (537) |  |  | $ | (527) |  |  | Salaries and employee benefits
Amortization of net transition obligation | (9) |  |  | (9) |  |  | Salaries and employee benefits
Amortization of prior service cost | (7) |  |  | (9) |  |  | Salaries and employee benefits
Settlement | — |  |  | — |  |  | Salaries and employee benefits
Total before tax | (553) |  |  | (545) |  |  |
Tax effect | 146 |  |  | 55 |  |  | Income tax benefit (expense)
Net of tax | $ | (407) |  |  | $ | (490) |  |  |
Total reclassification adjustments from AOCI for the period, net of tax | $ | (407) |  |  | $ | (490) |  |  |

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- Definition Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=118930883&loc=d3e526-108580 + Details
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