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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

9 Months Ended

Sep. 30, 2020

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

13. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following tables present the components of other comprehensive income for the three and nine months ended September 30, 2020 and 2019, by component:

(dollars in thousands)			Before Tax						Tax Effect						Net of Tax
Three Months Ended September 30, 2020
Net unrealized losses on investment securities:
Net unrealized losses arising during the period			$	(3,434)					$	(919)					$	(2,515)
Less: Reclassification adjustments from AOCI realized in net income			352						94						258
Net unrealized losses on investment securities			(3,082)						(825)						(2,257)
Defined benefit plans:
Amortization of net actuarial loss			330						89						241
Amortization of net transition obligation			5						1						4
Amortization of prior service cost			3						1						2
Defined benefit plans, net			338						91						247
Other comprehensive loss			$	(2,744)					$	(734)					$	(2,010)

(dollars in thousands)			Before Tax						Tax Effect						Net of Tax
Three Months Ended September 30, 2019
Net unrealized gains on investment securities:
Net unrealized gains arising during the period			$	6,027					$	1,615					$	4,412
Less: Reclassification adjustments from AOCI realized in net income			(36)						(10)						(26)
Net unrealized gains on investment securities			5,991						1,605						4,386
Defined benefit plans:
Amortization of net actuarial loss			310						31						279
Amortization of net transition obligation			5						3						2
Amortization of prior service cost			4						2						2
Defined benefit plans, net			319						36						283
Other comprehensive income			$	6,310					$	1,641					$	4,669

(dollars in thousands)			Before Tax						Tax Effect						Net of Tax
Nine Months Ended September 30, 2020
Net unrealized gains on investment securities:
Net unrealized gains arising during the period			$	18,994					$	5,087					$	13,907
Less: Reclassification adjustments from AOCI realized in net income			352						94						258
Net unrealized gains on investment securities			19,346						5,181						14,165
Defined benefit plans:
Net actuarial gains arising during the period			427						114						313
Amortization of net actuarial loss			867						230						637
Amortization of net transition obligation			14						4						10
Amortization of prior service cost			10						3						7
Defined benefit plans, net			1,318						351						967
Other comprehensive income			$	20,664					$	5,532					$	15,132

(dollars in thousands)			Before Tax						Tax Effect						Net of Tax
Nine Months Ended September 30, 2019
Net unrealized gains on investment securities:
Net unrealized gains arising during the period			$	37,671					$	10,098					$	27,573
Less: Reclassification adjustments from AOCI realized in net income			(36)						(10)						(26)
Net unrealized gains on investment securities			37,635						10,088						27,547
Defined benefit plans:
Amortization of net actuarial loss			837						84						753
Amortization of net transition obligation			14						4						10
Amortization of prior service cost			13						3						10
Defined benefit plans, net			864						91						773
Other comprehensive income			$	38,499					$	10,179					$	28,320

The following tables present the changes in each component of AOCI, net of tax, for the three and nine months ended September 30, 2020 and 2019:

(dollars in thousands)			Investment Securities						Defined Benefit Plans						AOCI
Three Months Ended September 30, 2020
Balance at beginning of period			$	31,247					$	(5,696)					$	25,551
Other comprehensive income (loss) before reclassifications			(2,515)						—						(2,515)
Reclassification adjustments from AOCI			258						247						505
Total other comprehensive income (loss)			(2,257)						247						(2,010)
Balance at end of period			$	28,990					$	(5,449)					$	23,541

(dollars in thousands)			Investment Securities						Defined Benefit Plans						AOCI
Three Months Ended September 30, 2019
Balance at beginning of period			$	10,418					$	(5,960)					$	4,458
Other comprehensive loss before reclassifications			4,412						—						4,412
Reclassification adjustments from AOCI			(26)						283						257
Total other comprehensive income			4,386						283						4,669
Balance at end of period			$	14,804					$	(5,677)					$	9,127

(dollars in thousands)			Investment Securities						Defined Benefit Plans						AOCI
Nine Months Ended September 30, 2020
Balance at beginning of period			$	14,825					$	(6,416)					$	8,409
Other comprehensive income before reclassifications			13,907						313						14,220
Reclassification adjustments from AOCI			258						654						912
Total other comprehensive income			14,165						967						15,132
Balance at end of period			$	28,990					$	(5,449)					$	23,541

(dollars in thousands)			Investment Securities						Defined Benefit Plans						AOCI
Nine Months Ended September 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			27,573						—						27,573
Reclassification adjustments from AOCI			(26)						773						747
Total other comprehensive income (loss)			27,547						773						28,320
Balance at end of period			$	14,804					$	(5,677)					$	9,127

The following table presents the amounts reclassified out of each component of AOCI for the three and nine months ended September 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 September 30,
(dollars in thousands)			2020						2019
Sale of investment securities available-for-sale:
Realized gains (losses) on securities available-for-sale			$	(352)					$	36					Investment securities gains (losses)
Tax effect			94						(10)						Income tax benefit (expense)
Net of tax			$	(258)					$	26
Defined benefit retirement and supplemental executive retirement plan items:
Amortization of net actuarial loss			$	(330)					$	(310)					Salaries and employee benefits
Amortization of net transition obligation			(5)						(5)						Salaries and employee benefits
Amortization of prior service cost			(3)						(4)						Salaries and employee benefits
Total before tax			(338)						(319)
Tax effect			91						36						Income tax benefit (expense)
Net of tax			$	(247)					$	(283)
Total reclassification adjustments from AOCI for the period, net of tax			$	(505)					$	(257)

			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)			2020						2019
Sale of investment securities available-for-sale:
Realized gains (losses) on securities available-for-sale			$	(352)					$	36					Investment securities gains (losses)
Tax effect			94						(10)						Income tax benefit (expense)
Net of tax			$	(258)					$	26
Defined benefit retirement and supplemental executive retirement plan items:
Amortization of net actuarial loss			$	(867)					$	(837)					Salaries and employee benefits
Amortization of net transition obligation			(14)						(14)						Salaries and employee benefits
Amortization of prior service cost			(10)						(13)						Salaries and employee benefits
Total before tax			(891)						(864)
Tax effect			237						91						Income tax benefit (expense)
Net of tax			$	(654)					$	(773)
Total reclassification adjustments from AOCI for the period, net of tax			$	(912)					$	(747)

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- References

No definition available.

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- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-URI http://asc.fasb.org/topic&trid=2134417

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

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