XML 36 R26.htm IDEA: XBRL DOCUMENT v3.10.0.1
Accumulated Other Comprehensive Loss
 9 Months Ended
Sep. 30, 2018
Equity [Abstract]  
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss
The following table summarizes the changes within each component of accumulated other comprehensive income (loss), net of related tax benefit/expense for the three and nine months ended September 30, 2018, and 2017:
(Dollars in thousands)
 
Unrealized gains
(losses) on securities
available-for-sale,
net of tax
 
Defined Benefit Pension Plans
 
Unrealized gains (losses) on cash flow hedges, net of tax
 
Total
For the three months ended September 30, 2018
 
 
 
 
 
 
 
 
Beginning balance
 
$
(41,685
)
 
$
(19,584
)
 
$
13,918

 
$
(47,351
)
Other comprehensive (loss) income before reclassifications
 
(13,141
)
 
—

 
3,248

 
(9,893
)
Amounts reclassified from accumulated other comprehensive income (loss)
 
—

 
112

 
(523
)
 
(411
)
Net current period other comprehensive (loss) income
 
(13,141
)
 
112

 
2,725

 
(10,304
)
Ending balance
 
$
(54,826
)
 
$
(19,472
)
 
$
16,643

 
$
(57,655
)
For the three months ended September 30, 2017
 
 
 
 
 
 
 
 
Beginning balance
 
$
(8,877
)
 
$
(25,195
)
 
$
(57
)
 
$
(34,129
)
Other comprehensive income before reclassifications
 
895

 
7,305

 
520

 
8,720

Amounts reclassified from accumulated other comprehensive (loss) income
 
(1
)
 
349

 
231

 
579

Net current period other comprehensive income
 
894

 
7,654

 
751

 
9,299

Ending balance
 
$
(7,983
)
 
$
(17,541
)
 
$
694

 
$
(24,830
)
For the nine months ended September 30, 2018
 
 
 
 
 
 
 
 
Beginning balance
 
$
(10,348
)
 
$
(19,808
)
 
$
4,658

 
$
(25,498
)
Cumulative effect adjustment of change in accounting policy, net of tax impact(1)
 
(344
)
 
—

 
3

 
(341
)
Beginning balance at January 1, 2018
 
(10,692
)
 
(19,808
)
 
4,661

 
(25,839
)
Other comprehensive (loss) income before reclassifications
 
(44,132
)
 
—

 
12,779

 
(31,353
)
Amounts reclassified from accumulated other comprehensive (loss) income
 
(2
)
 
336

 
(797
)
 
(463
)
Net current period other comprehensive (loss) income
 
(44,134
)
 
336

 
11,982

 
(31,816
)
Ending balance
 
$
(54,826
)
 
$
(19,472
)
 
$
16,643

 
$
(57,655
)
For the nine months ended September 30, 2017
 
 
 
 
 
 
 
 
Beginning balance
 
$
(14,142
)
 
$
(25,894
)
 
$
—

 
$
(40,036
)
Other comprehensive income before reclassifications
 
6,268

 
7,305

 
54

 
13,627

Amounts reclassified from accumulated other comprehensive (loss) income
 
(109
)
 
1,048

 
640

 
1,579

Net current period other comprehensive income
 
6,159

 
8,353

 
694

 
15,206

Ending balance
 
$
(7,983
)
 
$
(17,541
)
 
$
694

 
$
(24,830
)

(1) 
Refer to Note 1, Basis of Presentation and Significant Accounting Policies, Note 3, Investment Securities, and Note 9, Derivative Instruments and Balance Sheet Offsetting, for further details on the changes in accounting policy.

The following table summarizes the amounts reclassified out of each component of accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2018, and 2017:
(Dollars in thousands)
 
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)
 
Affected Line Item in the Income Statement
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
 
 
2018
 
2017
 
2018
 
2017
 
 
Gains on available-for-sale securities
 
$
—

 
$
1

 
$
3

 
$
168

 
Net gain on sale of investment securities (noninterest income)
 
 
—

 
—

 
(1
)
 
(59
)
 
Income tax expense
 
 
$
—

 
$
1

 
$
2

 
$
109

 
Net Income
Amortization of defined benefit pension plan items
 
$
142

 
$
537

 
$
426

 
$
1,613

 
Salaries, wages and employee benefits (operating expenses)
 
 
(30
)
 
(188
)
 
(90
)
 
(565
)
 
Income tax benefit
 
 
$
112

 
$
349

 
336

 
$
1,048

 
Net Loss
Gains and losses on cash flow hedges
 
$
(662
)
 
$
575

 
$
(1,009
)
 
$
984

 
Interest on short-term borrowings (interest expense)
 
 
139

 
(344
)
 
212

 
(344
)
 
Income tax expense (benefit)
 
 
$
(523
)
 
$
231

 
$
(797
)
 
$
640

 
Net (Income)/Loss