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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

9 Months Ended

Sep. 30, 2021

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 nine months ended September 30, 2021 and 2020, by component:

(dollars in thousands)			Before Tax						Tax Effect						Net of Tax
Three Months Ended September 30, 2021
Net unrealized losses on investment securities:
Net unrealized losses arising during the period			$	(9,254)					$	(2,475)					$	(6,779)
Less: Reclassification adjustments from AOCI realized in net income			(100)						(27)						(73)
Net unrealized losses on investment securities			(9,354)						(2,502)						(6,852)
Defined benefit plans:
Amortization of net actuarial loss			259						70						189
Amortization of net transition obligation			5						1						4
Defined benefit plans, net			264						71						193
Other comprehensive loss			$	(9,090)					$	(2,431)					$	(6,659)

(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
Nine Months Ended September 30, 2021
Net unrealized losses on investment securities:
Net unrealized losses arising during the period			$	(30,466)					$	(8,150)					$	(22,316)
Less: Reclassification adjustments from AOCI realized in net income			(150)						(40)						(110)
Net unrealized losses on investment securities			(30,616)						(8,190)						(22,426)
Defined benefit plans:
Amortization of net actuarial loss			777						222						555
Amortization of net transition obligation			14						4						10
Defined benefit plans, net			791						226						565
Other comprehensive loss			$	(29,825)					$	(7,964)					$	(21,861)

(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

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 nine months ended September 30, 2021 and 2020:

(dollars in thousands)			Investment Securities						Defined Benefit Plans						AOCI
Three Months Ended September 30, 2021
Balance at beginning of period			$	11,077					$	(6,151)					$	4,926
Other comprehensive income (loss) before reclassifications			(6,779)						—						(6,779)
Reclassification adjustments from AOCI			(73)						193						120
Total other comprehensive income (loss)			(6,852)						193						(6,659)
Balance at end of period			$	4,225					$	(5,958)					$	(1,733)

(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 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
Nine Months Ended September 30, 2021
Balance at beginning of period			$	26,651					$	(6,523)					$	20,128
Other comprehensive income before reclassifications			(22,316)						—						(22,316)
Reclassification adjustments from AOCI			(110)						565						455
Total other comprehensive income (loss)			(22,426)						565						(21,861)
Balance at end of period			$	4,225					$	(5,958)					$	(1,733)

(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 loss before reclassifications			13,907						313						14,220
Reclassification adjustments from AOCI			258						654						912
Total other comprehensive income (loss)			14,165						967						15,132
Balance at end of period			$	28,990					$	(5,449)					$	23,541

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 nine months ended September 30, 2021 and 2020:

			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)			2021						2020
Sale of investment securities available-for-sale:
Realized gains (losses) on securities available-for-sale			$	100					$	(352)								Investment securities gains (losses)
Tax effect			(27)						94									Income tax benefit (expense)
Net of tax			$	73					$	(258)
Defined benefit retirement and supplemental executive retirement plan items:
Amortization of net actuarial loss			$	(259)					$	(330)								Other operating expense - other
Amortization of net transition obligation			(5)						(5)									Other operating expense - other
Amortization of prior service cost			—						(3)						Other operating expense - other
Total before tax			(264)						(338)
Tax effect			71						91						Income tax benefit (expense)
Net of tax			$	(193)					$	(247)
Total reclassification adjustments from AOCI for the period, net of tax			$	(120)					$	(505)

			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)			2021						2020
Sale of investment securities available-for-sale:
Realized gains (losses) on securities available-for-sale			$	150					$	(352)					Investment securities gains (losses)
Tax effect			(40)						94						Income tax benefit (expense)
Net of tax			$	110					$	(258)
Defined benefit retirement and supplemental executive retirement plan items:
Amortization of net actuarial loss			$	(777)					$	(867)					Other operating expense - other
Amortization of net transition obligation			(14)						(14)						Other operating expense - other
Amortization of prior service cost			—						(10)						Other operating expense - other
Total before tax			(791)						(891)
Tax effect			226						237						Income tax benefit (expense)
Net of tax			$	(565)					$	(654)
Total reclassification adjustments from AOCI for the period, net of tax			$	(455)					$	(912)

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Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss).

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Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669686-108580

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900

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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=121641772&loc=d3e526-108580

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