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Accumulated Other Comprehensive Income (Loss)
 12 Months Ended
Dec. 31, 2019
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss)
 
The components of other comprehensive income (loss), reclassifications from accumulated other comprehensive income (loss) to various financial statement line items and the related tax effects were as follows:
(In thousands)
Before Tax
 
Tax Effect
 
Net of Tax
Year Ended December 31, 2019:
 

 
 

 
 

Net unrealized gains (losses) on available-for-sale investment securities and interest-only strips:
 
 
 
 
 
Net unrealized gains (losses) arising during the period
$
109,403

 
$
(25,707
)
 
$
83,696

Reclassification of net (gains) losses from accumulated other comprehensive income (loss) to:
 
 
 
 
 
Total interest income
2,644

 
(716
)
 
1,928

Net gains (losses) on investment securities
(1,517
)
 
369

 
(1,148
)
Other noninterest expense
(485
)
 
129

 
(356
)
Amounts reclassified from accumulated other comprehensive income (loss)
642

 
(218
)
 
424

Net unrealized gains (losses) on available-for-sale investment securities and interest-only strips
110,045

 
(25,925
)
 
84,120

Recognized postretirement prior service cost:
 

 
 

 
 

Reclassification of amortization of prior service cost to other noninterest expense
(46
)
 
13

 
(33
)
Net unrealized gains (losses) on net investment hedges
(7,001
)
 
1,815

 
(5,186
)
Foreign currency translation adjustment(1)
8,514

 
—

 
8,514

Total other comprehensive income (loss)
$
111,512

 
$
(24,097
)
 
$
87,415

Year Ended December 31, 2018:
 

 
 

 
 

Net unrealized gains (losses) on available-for-sale investment securities and interest-only strips:
 
 
 
 
 
Net unrealized gains (losses) arising during the period
$
(16,373
)
 
$
4,002

 
$
(12,371
)
Reclassification of net (gains) losses from accumulated other comprehensive income (loss) to:
 
 
 
 
 
Total interest income
1,066

 
(335
)
 
731

Net gains (losses) on investment securities
(127
)
 
31

 
(96
)
Other noninterest expense
90

 
(23
)
 
67

Amounts reclassified from accumulated other comprehensive income (loss)
1,029

 
(327
)
 
702

Net unrealized gains (losses) on available-for-sale investment securities and interest-only strips
(15,344
)
 
3,675

 
(11,669
)
Recognized postretirement prior service cost:
 

 
 

 
 

Reclassification of amortization of prior service cost to other noninterest expense
(46
)
 
12

 
(34
)
Net unrealized gains (losses) on net investment hedges
13,762

 
(3,312
)
 
10,450

Foreign currency translation adjustment(1)
(13,368
)
 
—

 
(13,368
)
Total other comprehensive income (loss)
$
(14,996
)
 
$
375

 
$
(14,621
)
Year Ended December 31, 2017:
 
 
 
 
 
Net unrealized gains (losses) on available-for-sale investment securities and interest-only strips:
 
 
 
 
 
Net unrealized gains (losses) arising during the period
$
24,244

 
$
(8,857
)
 
$
15,387

Reclassification of net (gains) losses from accumulated other comprehensive income (loss) to:
 
 
 
 
 
Total interest income
963

 
572

 
1,535

Other noninterest expense
(755
)
 
287

 
(468
)
Amounts reclassified from accumulated other comprehensive income (loss)
208

 
859

 
1,067

Net unrealized gains (losses) on available-for-sale investment securities and interest-only strips
24,452

 
(7,998
)
 
16,454

Recognized postretirement prior service cost:
 

 
 

 
 

Reclassification of amortization of prior service cost to other noninterest expense
(46
)
 
17

 
(29
)
Net unrealized gains (losses) on net investment hedges
(4,430
)
 
1,684

 
(2,746
)
Foreign currency translation adjustment(1)
4,921

 
—

 
4,921

Total other comprehensive income (loss)
$
24,897

 
$
(6,297
)
 
$
18,600

(1)
Foreign investments are deemed to be permanent in nature and, therefore, TCF does not provide for taxes on foreign currency translation adjustments.
 
Reclassifications of net (gains) losses from accumulated other comprehensive income (loss) for available-for-sale investment securities and interest-only strips were recorded in the Consolidated Statements of Income in interest income for those investment securities that were previously transferred to held-to-maturity, in net gains on investment securities for sales of available-for-sale investment securities and in other noninterest expense for interest-only strips. During 2014, the Corporation transferred $191.7 million of available-for-sale mortgage-backed investment securities to held-to-maturity. At December 31, 2019 and 2018, the unrealized holding loss on the transferred investment securities retained in accumulated other comprehensive income (loss) totaled $8.4 million and $11.0 million, respectively. These amounts are amortized over the remaining lives of the transferred investment securities. The tax effects of the reclassifications included in the table above were recorded in income tax expense (benefit) in the Consolidated Statements of Income.
 
The components of accumulated other comprehensive income (loss) were as follows:
(In thousands)
Net Unrealized Gains (Losses) on Available-for-Sale Investment Securities and Interest-only Strips
 
Net Unrealized Gains (Losses) on Net
Investment
Hedges
 
Foreign
Currency
Translation Adjustment
 
Recognized
Postretirement Prior
Service Cost
 
Total
At or For the Year Ended December 31, 2019:
 

 
 

 
 

 
 

 
 

Balance, beginning of period
$
(28,022
)
 
$
14,986

 
$
(20,211
)
 
$
109

 
$
(33,138
)
Other comprehensive income (loss)
83,696

 
(5,186
)
 
8,514

 
—

 
87,024

Amounts reclassified from accumulated other comprehensive income (loss)
424

 
—

 
—

 
(33
)
 
391

Net other comprehensive income (loss)
84,120

 
(5,186
)
 
8,514

 
(33
)
 
87,415

Balance, end of period
$
56,098

 
$
9,800

 
$
(11,697
)
 
$
76

 
$
54,277

At or For the Year Ended December 31, 2018:
 

 
 

 
 

 
 

 
 

Balance, beginning of period
$
(16,353
)
 
$
4,536

 
$
(6,843
)
 
$
143

 
$
(18,517
)
Other comprehensive income (loss)
(12,371
)
 
10,450

 
(13,368
)
 
—

 
(15,289
)
Amounts reclassified from accumulated other comprehensive income (loss)
702

 
—

 
—

 
(34
)
 
668

Net other comprehensive income (loss)
(11,669
)
 
10,450

 
(13,368
)
 
(34
)
 
(14,621
)
Balance, end of period
$
(28,022
)
 
$
14,986

 
$
(20,211
)
 
$
109

 
$
(33,138
)
At or For the Year Ended December 31, 2017:
 

 
 

 
 

 
 

 
 

Balance, beginning of period
$
(28,601
)
 
$
6,493

 
$
(11,764
)
 
$
147

 
$
(33,725
)
Other comprehensive income (loss)
15,387

 
(2,746
)
 
4,921

 
—

 
17,562

Amounts reclassified from accumulated other comprehensive income (loss)
1,067

 
—

 
—

 
(29
)
 
1,038

Net other comprehensive income (loss)
16,454

 
(2,746
)
 
4,921

 
(29
)
 
18,600

Adoption impact of ASU 2018-02
(4,206
)
 
789

 
—

 
25

 
(3,392
)
Balance, end of period
$
(16,353
)
 
$
4,536

 
$
(6,843
)
 
$
143

 
$
(18,517
)