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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

3 Months Ended

Mar. 31, 2022

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 loss for the three months ended March 31, 2022 and 2021, by component:

(dollars in thousands)			Before Tax						Tax Effect						Net of Tax
Three Months Ended March 31, 2022
Net unrealized losses on investment securities:
Net unrealized losses arising during the period			$	(108,448)					$	(28,998)					$	(79,450)
Net unrealized losses on investment securities			(108,448)						(28,998)						(79,450)
Net unrealized losses on derivatives:
Net unrealized losses arising during the period			$	(50)					$	(13)					$	(37)
Net unrealized losses on derivatives			(50)						(13)						(37)
Defined benefit plans:
Amortization of net actuarial loss			133						36						97
Amortization of net transition obligation			4						1						3
Defined benefit plans, net			137						37						100
Other comprehensive loss			$	(108,361)					$	(28,974)					$	(79,387)

(dollars in thousands)			Before Tax						Tax Effect						Net of Tax
Three Months Ended March 31, 2021
Net unrealized losses on investment securities:
Net unrealized losses arising during the period			$	(23,619)					$	(6,318)					$	(17,301)
Net unrealized losses on investment securities			(23,619)						(6,318)						(17,301)
Defined benefit plans:
Amortization of net actuarial loss			246						66						180
Amortization of net transition obligation			5						1						4
Defined benefit plans, net			251						67						184
Other comprehensive loss			$	(23,368)					$	(6,251)					$	(17,117)

The following tables present the changes in each component of AOCI, net of tax, for the three months ended March 31, 2022 and 2021:

(dollars in thousands)			Investment Securities						Derivatives						Defined Benefit Plans						AOCI
Three Months Ended March 31, 2022
Balance at beginning of period			$	(3,666)					$	—					$	(4,294)					$	(7,960)
Other comprehensive loss before reclassifications			(79,450)						(37)						—						(79,487)
Reclassification adjustments from AOCI			—						—						100						100
Total other comprehensive income (loss)			(79,450)						(37)						100						(79,387)
Balance at end of period			$	(83,116)					$	(37)					$	(4,194)					$	(87,347)

(dollars in thousands)			Investment Securities						Derivatives						Defined Benefit Plans						AOCI
Three Months Ended March 31, 2021
Balance at beginning of period			$	26,651					$	—					$	(6,523)					$	20,128
Other comprehensive loss before reclassifications			(17,301)						—						—						(17,301)
Reclassification adjustments from AOCI			—						—						184						184
Total other comprehensive income (loss)			(17,301)						—						184						(17,117)
Balance at end of period			$	9,350					$	—					$	(6,339)					$	3,011

The following table presents the amounts reclassified out of each component of AOCI for the three months ended March 31, 2022 and 2021:

			Amount Reclassified from AOCI												Affected Line Item in the Statement Where Net Income is Presented
Details about AOCI Components			Three months ended March 31,
(dollars in thousands)			2022						2021
Defined benefit retirement and supplemental executive retirement plan items:
Amortization of net actuarial loss			$	(133)					$	(246)								Other operating expense - other
Amortization of net transition obligation			(4)						(5)									Other operating expense - other
Total before tax			(137)						(251)
Tax effect			37						67									Income tax benefit (expense)
Net of tax			$	(100)					$	(184)
Total reclassification adjustments from AOCI for the period, net of tax			$	(100)					$	(184)

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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=123367319&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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