Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2018

Equity [Abstract]

Accumulated Other Comprehensive Income

The following table summarizes the changes in accumulated other comprehensive income (loss) by component, net of tax, for the periods indicated: 

	Three Months Ended June 30,
	Unrealized holding (losses) gains on AFS			Unrealized holding gains (losses) on SERP			Unrealized holding gains (losses) on junior subordinated debt			Impairment loss on securities		Total
	(in thousands)
Balance, March 31, 2018	$	(51,470	)	$	458		$	9,206		$	144	$	(41,662	)
Other comprehensive (loss) income before reclassifications	(10,389		)	(12		)	748			—		(9,653		)
Amounts reclassified from AOCI	—			—			—			—		—
Net current-period other comprehensive (loss) income	(10,389		)	(12		)	748			—		(9,653		)
Balance, June 30, 2018	$	(61,859	)	$	446		$	9,954		$	144	$	(51,315	)
Balance, March 31, 2017	$	(6,140	)	$	120		$	8,727		$	144	$	2,851
Other comprehensive income (loss) before reclassifications	5,662			37			(2,089		)	—		3,610
Amounts reclassified from AOCI	29			—			—			—		29
Net current-period other comprehensive income (loss)	5,691			37			(2,089		)	—		3,639
Balance, June 30, 2017	$	(449	)	$	157		$	6,638		$	144	$	6,490

	Six Months Ended June 30,
	Unrealized holding (losses) gains on AFS			Unrealized holding gains (losses) on SERP			Unrealized holding gains (losses) on junior subordinated debt			Impairment loss on securities		Total
	(in thousands)
Balance, December 31, 2017	$	(10,026	)	$	385		$	6,352		$	144	$	(3,145	)
Balance, January 1, 2018 (1)	(12,556		)	469			7,740			144		(4,203		)
Other comprehensive (loss) income before reclassifications	(49,303		)	(23		)	2,214			—		(47,112		)
Amounts reclassified from AOCI	—			—			—			—		—
Net current-period other comprehensive (loss) income	(49,303		)	(23		)	2,214			—		(47,112		)
Balance, June 30, 2018	$	(61,859	)	$	446		$	9,954		$	144	$	(51,315	)
Balance, December 31, 2016	$	(14,916	)	$	121		$	9,956		$	144	$	(4,695	)
Other comprehensive income (loss) before reclassifications	14,831			36			(3,318		)	—		11,549
Amounts reclassified from AOCI	(364		)	—			—			—		(364		)
Net current-period other comprehensive income (loss)	14,467			36			(3,318		)	—		11,185
Balance, June 30, 2017	$	(449	)	$	157		$	6,638		$	144	$	6,490

(1) As adjusted for adoption of ASU 2016-01 and ASU 2018-02, see "Note 1. Summary of Significant Accounting Policies" for further discussion.

The following table presents reclassifications out of accumulated other comprehensive income (loss): 

	Three Months Ended June 30,					Six Months Ended June 30,
Income Statement Classification	2018		2017			2018		2017
	(in thousands)
Gain on sales of investment securities, net	$	—	$	(47	)	$	—	$	588
Income tax expense	—		18			—		(224		)
Net of tax	$	—	$	(29	)	$	—	$	364