| Accumulated Other Comprehensive Income |
Accumulated Other Comprehensive Income (Loss)
The following table presents changes in other comprehensive income (loss): | | | | | | | | | | | | | | Before-Tax Amount | | Tax Effect | | Net of Tax Amount | | (in thousands) | Three months ended June 30, 2019 | | | | | | Unrealized gain on securities | $ | 31,994 |
| | $ | (7,077 | ) | | $ | 24,917 |
| Reclassification adjustment for securities gains included in net income (1) | (176 | ) | | 39 |
| | (137 | ) | Amortization of net unrealized losses on available for sale ("AFS") securities transferred to held to maturity ("HTM") (2) | 1,311 |
| | (290 | ) | | 1,021 |
| Non-credit related unrealized losses on other-than-temporarily impaired debt securities | (770 | ) | | 170 |
| | (600 | ) | Amortization of net unrecognized pension and postretirement items (3) | 353 |
| | (78 | ) | | 275 |
| Total Other Comprehensive Income | $ | 32,712 |
| | $ | (7,236 | ) | | $ | 25,476 |
| Three months ended June 30, 2018 | | | | | | Unrealized loss on securities | $ | (8,397 | ) | | $ | 1,766 |
| | $ | (6,631 | ) | Reclassification adjustment for securities gains included in net income (1) | (4 | ) | | 1 |
| | (3 | ) | Non-credit related unrealized gains on other-than-temporarily impaired debt securities | 9 |
| | (1 | ) | | 8 |
| Amortization of net unrecognized pension and postretirement items (3) | 683 |
| | (143 | ) | | 540 |
| Total Other Comprehensive Loss | $ | (7,709 | ) | | $ | 1,623 |
| | $ | (6,086 | ) | | | | | | | Six months ended June 30, 2019 | | | | | | Unrealized gain on securities | $ | 58,056 |
| | $ | (12,841 | ) | | $ | 45,215 |
| Reclassification adjustment for securities gains included in net income (1) | (241 | ) | | 53 |
| | (188 | ) | Amortization of net unrealized losses on AFS securities transferred to HTM (2) | 2,563 |
| | (568 | ) | | 1,995 |
| Non-credit related unrealized losses on other-than-temporarily impaired debt securities | (875 | ) | | 193 |
| | (682 | ) | Amortization of net unrecognized pension and postretirement items (3) | 727 |
| | (161 | ) | | 566 |
| Total Other Comprehensive Income | $ | 60,230 |
| | $ | (13,324 | ) | | $ | 46,906 |
| | | | | | | Six months ended June 30, 2018 | | | | | | Unrealized loss on securities | $ | (43,388 | ) | | $ | 9,113 |
| | $ | (34,275 | ) | Reclassification adjustment for securities gains included in net income (1) | (23 | ) | | 4 |
| | (19 | ) | Non-credit related unrealized gains on other-than-temporarily impaired debt securities | 294 |
| | (62 | ) | | 232 |
| Amortization of net unrecognized pension and postretirement items (3) | 1,113 |
| | (234 | ) | | 879 |
| Total Other Comprehensive Loss | $ | (42,004 | ) | | $ | 8,821 |
| | $ | (33,183 | ) |
| | (1) | Amounts reclassified out of accumulated other comprehensive income. Before-tax amounts included in "Investment securities gains, net" on the consolidated statements of income. See Note 3, "Investment Securities," for additional details. |
| | (2) | Amounts reclassified out of accumulated other comprehensive income. Before-tax amounts included as a reduction to "Interest Income" on the consolidated statements of income. |
| | (3) | Amounts reclassified out of accumulated other comprehensive income. Before-tax amounts included in "Salaries and employee benefits" on the consolidated statements of income. See Note 13, "Employee Benefit Plans," for additional details. |
The following table presents changes in each component of accumulated other comprehensive income (loss), net of tax: | | | | | | | | | | | | | | | | | | | Unrealized Gains (Losses) on Investment Securities Not Other-Than-Temporarily Impaired | | Unrealized Non-Credit Gains (Losses) on Other-Than-Temporarily Impaired Debt Securities | | Unrecognized Pension and Postretirement Plan Income (Costs) | | Total | | (in thousands) | Three months ended June 30, 2019 | | | | | | | | Balance at March 31, 2019 | $ | (23,433 | ) | | $ | 598 |
| | $ | (14,798 | ) | | $ | (37,633 | ) | Other comprehensive income before reclassifications | 24,917 |
| | (600 | ) | | — |
| | 24,317 |
| Amounts reclassified from accumulated other comprehensive income (loss) | (137 | ) | | — |
| | 275 |
| | 138 |
| Amortization of net unrealized losses on AFS securities transferred to HTM | 1,021 |
| — |
| — |
| | — |
| | 1,021 |
| Balance at June 30, 2019 | $ | 2,368 |
| | $ | (2 | ) | | $ | (14,523 | ) | | $ | (12,157 | ) | Three months ended June 30, 2018 |
| |
| |
| |
| Balance at March 31, 2018 | $ | (50,056 | ) | | $ | 682 |
| | $ | (17,798 | ) | | $ | (67,172 | ) | Other comprehensive loss before reclassifications | (6,631 | ) |
|
| 8 |
| | — |
| | (6,623 | ) | Amounts reclassified from accumulated other comprehensive income (loss) | (3 | ) | | — |
| | 540 |
| | 537 |
| Balance at June 30, 2018 | $ | (56,690 | ) | | $ | 690 |
| | $ | (17,258 | ) | | $ | (73,258 | ) | | | | | | | | | Six months ended June 30, 2019 | | | | | | | | Balance at December 31, 2018 | $ | (44,654 | ) | | $ | 680 |
| | $ | (15,089 | ) | | $ | (59,063 | ) | Other comprehensive income before reclassifications | 45,215 |
| | (682 | ) | | — |
| | 44,533 |
| Amounts reclassified from accumulated other comprehensive income (loss) | (188 | ) | | — |
| | 566 |
| | 378 |
| Amortization of net unrealized losses on AFS securities transferred to HTM | 1,995 |
| | — |
| | — |
| | 1,995 |
| Balance at June 30, 2019 | $ | 2,368 |
| | $ | (2 | ) | | $ | (14,523 | ) | | $ | (12,157 | ) | Six months ended June 30, 2018 | | | | | | | | Balance at December 31, 2017 | $ | (18,509 | ) | | $ | 458 |
| | $ | (14,923 | ) | | $ | (32,974 | ) | Other comprehensive loss before reclassifications | (34,275 | ) | | 232 |
| | — |
| | (34,043 | ) | Amounts reclassified from accumulated other comprehensive income (loss) | (19 | ) | | — |
| | 879 |
| | 860 |
| Reclassification of stranded tax effects | (3,887 | ) | | — |
| | (3,214 | ) | | (7,101 | ) | Balance at June 30, 2018 | $ | (56,690 | ) | | $ | 690 |
| | $ | (17,258 | ) | | $ | (73,258 | ) |
|