XML 63 R46.htm IDEA: XBRL DOCUMENT v3.3.1.900
Other Comprehensive (Loss) Income (Tables)
 12 Months Ended
Dec. 31, 2015
Equity [Abstract]  
Components of Other Comprehensive (Loss) Income
The following table presents the components of other comprehensive (loss) income both gross and net of tax, for the years ended December 31, 2015, 2014 and 2013 (in thousands):
 
For the Years Ended December 31,
 
2015
 
2014
 
2013
 
Before
Tax
 
Tax
Effect
 
After
Tax
 
Before
Tax
 
Tax
Effect
 
After
Tax
 
Before
Tax
 
Tax
Effect
 
After
Tax
Components of Other Comprehensive (Loss)Income:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains and losses on securities available for sale:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net (losses) gains arising during the period
$
(5,683
)
 
2,282

 
(3,401
)
 
17,868

 
(7,176
)
 
10,692

 
(32,845
)
 
13,417

 
(19,428
)
Reclassification adjustment for gains included in net income
(654
)
 
263

 
(391
)
 
(251
)
 
101

 
(150
)
 
(996
)
 
407

 
(589
)
Total
(6,337
)
 
2,545

 
(3,792
)
 
17,617

 
(7,075
)
 
10,542

 
(33,841
)
 
13,824

 
(20,017
)
Other-than-temporary impairment on debt securities available for sale:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other-than-temporary impairment losses on securities
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Reclassification adjustment for impairment losses included in net income
—

 
—

 
—

 
—

 
—

 
—

 
434

 
(177
)
 
257

Total
—

 
—

 
—

 
—

 
—

 
—

 
434

 
(177
)
 
257

Unrealized (losses) on derivatives (cash flow hedges)
(122
)
 
49

 
(73
)
 
—

 
—

 
—

 
—

 
—

 
—

Amortization related to post retirement obligations
2,156

 
(866
)
 
1,290

 
(9,462
)
 
3,800

 
(5,662
)
 
12,161

 
(4,968
)
 
7,193

Total other comprehensive (loss) income
$
(4,303
)
 
1,728

 
(2,575
)
 
8,155

 
(3,275
)
 
4,880

 
(21,246
)
 
8,679

 
(12,567
)
Changes in Accumulated Other Comprehensive Income by Component, net of tax
The components of accumulated other comprehensive loss (gain) related to the pension plan and other post-retirement benefits, on a pre-tax basis, at December 31, 2015 and 2014 are summarized in the following table (in thousands):
 
Pension
 
Post-retirement
 
2015
 
2014
 
2015
 
2014
Unrecognized prior service cost
$
—

 
—

 
—

 
(1
)
Unrecognized net actuarial loss (gain)
12,155

 
10,887

 
(1,498
)
 
1,788

Total accumulated other comprehensive loss (gain)
$
12,155

 
10,887

 
(1,498
)
 
1,787

The following table presents the changes in the components of accumulated other comprehensive income, net of tax, for the years ended December 31, 2015 and 2014 (in thousands):
 
 
Changes in Accumulated Other Comprehensive Income by Component, net of tax
For the Years Ended December 31,
 
 
2015
 
2014
 
 
Unrealized
Gains on Securities
Available for 
Sale
 
Post-Retirement
Obligations
 
Unrealized gains (losses) on Derivatives (cash flow hedges)
 
Accumulated
Other
Comprehensive
Income
 
Unrealized
Gains on Securities
Available for 
Sale
 
Post-Retirement
Obligations
 
Accumulated
Other
Comprehensive
Income
Balance at the beginning of the period,
 
$
7,743

 
(7,714
)
 
—

 
29

 
(2,799
)
 
(2,052
)
 
(4,851
)
Current period change in other comprehensive income (loss)
 
(3,792
)
 
1,290

 
(73
)
 
(2,575
)
 
10,542

 
(5,662
)
 
4,880

Balance at the end of the period
 
$
3,951

 
(6,424
)
 
(73
)
 
(2,546
)
 
7,743

 
(7,714
)
 
29
Reclassification Out of Accumulated Other Comprehensive Income
The following table summarizes the reclassifications out of accumulated other comprehensive income for the years ended December 31, 2015, 2014 and 2013 (in thousands):
 
 
Reclassifications Out of Accumulated Other Comprehensive
Income
 
 
Amount reclassified from AOCI for the years ended December 31,
 
Affected line item in the Consolidated
Statement of Income
 
 
2015
 
2014
 
2013
 
 
Details of AOCI:
 
 
 
 
 
 
 
 
Securities available for sale:
 
 
 
 
 
 
 
 
Realized net gains on the sale of securities available for sale
 
$
654

 
251

 
996

 
Net gain on securities transactions
 
 
(263
)
 
(101
)
 
(407
)
 
Income tax expense
 
 
391

 
150

 
589

 
Net of tax
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Realized other-than-temporary impairment losses securities available for sale
 
—

 
—

 
(434
)
 
Net impairment losses on securities recognized in earnings
 
 
—

 
—

 
177

 
Income tax expense
 
 
—

 
—

 
(257
)
 
Net of tax
 
 
 
 
 
 
 
 
 
Post-retirement obligations:
 
 
 
 
 
 
 
 
Amortization of actuarial losses
 
774

 
237

 
1,367

 
Compensation and employee benefits (1)
 
 
(311
)
 
(95
)
 
(558
)
 
Income tax expense
 
 
463

 
142

 
809

 
Net of tax
 
 
 
 
 
 
 
 
 
Realized loss related to lump sum pension settlement
 
—

 
(1,336
)
 
—

 
Compensation and employee benefits (1)
 
 
—

 
546

 
—

 
Income tax expense
 
 
—

 
(790
)
 
—

 
Net of tax
Total reclassifications
 
$
854

 
(498
)
 
1,141

 
Net of tax
 
 
 
 
 
 
 
 
 
 
 
(1) This item is included in the computation of net periodic benefit cost. See Note 11. Benefit Plans