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Other Comprehensive Income (Loss)
 12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Other Comprehensive Income (Loss)
Note 7 - Other Comprehensive Income (Loss)
The following table illustrates activity within the balances in accumulated other comprehensive income (loss) by component, and is shown for the years ended December 31, 2016, 2015, and 2014.
Changes in Accumulated Other Comprehensive Income (Loss) by Component (Net of Income Taxes)
(in thousands)
Net Unrealized
 Gains (Losses) on Cash Flow Hedges
 
Net Unrealized
Gains (Losses) on Investment Securities Available for Sale
 
 Post-Retirement Unfunded Health Benefit
 
Total
Balance at December 31, 2013
$
(13,099
)
 
(28,936
)
 
777

 
(41,258
)
Other comprehensive income before reclassifications
—

 
29,041

 
243

 
29,284

Amounts reclassified from accumulated other comprehensive income (loss)
275

 
(818
)
 
(88
)
 
(631
)
Net current period other comprehensive income
275

 
28,223

 
155

 
28,653

Balance at December 31, 2014
$
(12,824
)
 
(713
)
 
932

 
(12,605
)
Other comprehensive income (loss) before reclassifications
—

 
(15,806
)
 
143

 
(15,663
)
Amounts reclassified from accumulated other comprehensive income (loss)
320

 
(1,703
)
 
(168
)
 
(1,551
)
Net current period other comprehensive income (loss)
320

 
(17,509
)
 
(25
)
 
(17,214
)
Balance at December 31, 2015
$
(12,504
)
 
(18,222
)
 
907

 
(29,819
)
Other comprehensive income (loss) before reclassifications
—

 
(22,405
)
 
63

 
(22,342
)
Amounts reclassified from accumulated other comprehensive income (loss)
287

 
(3,697
)
 
(88
)
 
(3,498
)
Net current period other comprehensive income (loss)
287

 
(26,102
)
 
(25
)
 
(25,840
)
Balance at December 31, 2016
$
(12,217
)
 
(44,324
)
 
882

 
(55,659
)
 
 
 
 
 
 
 
 

In accordance with ASC 740-20-45-11(b), a deferred tax asset valuation allowance associated with unrealized gains and losses not recognized in income is charged directly to other comprehensive income (loss). During the years 2010 and 2011, Synovus recorded a deferred tax asset valuation allowance associated with unrealized gains and losses not recognized in income directly to other comprehensive income (loss) by applying the portfolio approach for allocation of the valuation allowance. Synovus has consistently applied the portfolio approach which treats derivative instruments, equity securities, and debt securities as a single portfolio. As of December 31, 2016, the ending balance in net unrealized gains (losses) on cash flow hedges and net unrealized gains (losses) on investment securities available for sale includes unrealized losses of $12.1 million and $13.3 million, respectively, related to the residual tax effects remaining in OCI due to the previously established deferred tax asset valuation allowance. Under the portfolio approach, these unrealized losses are realized at the time the entire portfolio is sold or disposed.
The following table illustrates activity within the reclassifications out of accumulated other comprehensive income (loss), for the years ended December 31, 2016, 2015, and 2014.
Reclassifications Out of Accumulated Other Comprehensive Income (Loss)
Details About
 Accumulated Other
Comprehensive Income (Loss) Components
 
Amount Reclassified From
Accumulated Other
Comprehensive Income (Loss)
 
Affected Line Item
in the Statement Where
Net Income is Presented
 
 
For the Years Ended December 31,
 
 
 
 
2016
 
2015
 
2014
 
 
Net unrealized gains (losses) on cash flow hedges:
 
 
 
 
 
 
 
 
  Amortization of deferred losses
 
$
(270
)
 
(448
)
 
(448
)
 
Interest expense
  Amortization of deferred losses
 
(197
)
 
(73
)
 
—

 
Loss on early extinguishment of debt, net
 
 
180

 
201

 
173

 
Income tax (expense) benefit
 
 
$
(287
)
 
(320
)
 
(275
)
 
Reclassifications, net of income taxes
Net unrealized gains (losses) on investment securities available for sale:
 
 
 
 
 
 
 
 
  Realized gains, net on sales of securities (1)
 
$
6,011

 
2,769

 
1,331

 
Investment securities gains, net
 
 
(2,314
)
 
(1,066
)
 
(513
)
 
Income tax (expense) benefit
 
 
$
3,697

 
1,703

 
818

 
Reclassifications, net of income taxes
Post-retirement unfunded health benefit:
 
 
 
 
 
 
 
 
  Amortization of actuarial gains
 
$
144

 
272

 
144

 
Salaries and other personnel expense
 
 
(56
)
 
(104
)
 
(56
)
 
Income tax (expense) benefit
 
 
$
88

 
$
168

 
$
88

 
Reclassifications, net of income taxes
 
 
 
 
 
 
 
 
 

(1) Includes $1.4 million in gains in 2016 from the transfer of $1.9 million of investment securities available for sale to trading account assets.