Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2016

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

NOTE 5 – ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table summarizes the changes within each classification of accumulated other comprehensive income (loss) (“AOCI”) net of tax for the three and six months ended June 30, 2016 and 2015:

(dollars in thousands)	Unrealized Gains and Losses on Available-for-Sale Securities			Unrealized Gains and Losses  on Held-to-Maturity Securities			Gains and Losses on Cash Flow Hedges			Defined Benefit Pension Plans			Total
Three Months Ended June 30, 2016
Balance at April 1, 2016	$	6,777		$	(14,174	)	$	(15,387	)	$	(6,801	)	$	(29,585	)
Other comprehensive income (loss) before reclassifications		8,208			—			(2,780	)		—			5,428
Amounts reclassified from accumulated other comprehensive income (loss) (a)		(1,202	)		307			983			452			540
Net other comprehensive income (loss)		7,006			307			(1,797	)		452			5,968
Balance at June 30, 2016	$	13,783		$	(13,867	)	$	(17,184	)	$	(6,349	)	$	(23,617	)
Three Months Ended June 30, 2015
Balance at April 1, 2015	$	9,079		$	(15,373	)	$	(9,309	)	$	(8,639	)	$	(24,242	)
Other comprehensive income (loss) before reclassifications		(16,704	)		—			2,205			—			(14,499	)
Amounts reclassified from accumulated other comprehensive income (loss) (a)		(326	)		283			272			450			679
Net other comprehensive income (loss)		(17,030	)		283			2,477			450			(13,820	)
Balance at June 30, 2015	$	(7,951	)	$	(15,090	)	$	(6,832	)	$	(8,189	)	$	(38,062	)
Six Months Ended June 30, 2016
Balance at January 1, 2016	$	(3,806	)	$	(14,480	)	$	(9,276	)	$	(7,235	)	$	(34,797	)
Other comprehensive income (loss) before reclassifications		19,490			—			(9,680	)		—			9,810
Amounts reclassified from accumulated other comprehensive income (loss) (a)		(1,901	)		613			1,772			886			1,370
Net other comprehensive income (loss)		17,589			613			(7,908	)		886			11,180
Balance at June 30, 2016	$	13,783		$	(13,867	)	$	(17,184	)	$	(6,349	)	$	(23,617	)
Six Months Ended June 30, 2015
Balance at January 1, 2015	$	(748	)	$	(15,776	)	$	(5,935	)	$	(9,096	)	$	(31,555	)
Other comprehensive income (loss) before reclassifications		(5,189	)		—			(1,284	)		—			(6,473	)
Amounts reclassified from accumulated other comprehensive income (loss) (a)		(2,014	)		686			387			907			(34	)
Net other comprehensive income (loss)		(7,203	)		686			(897	)		907			(6,507	)
Balance at June 30, 2015	$	(7,951	)	$	(15,090	)	$	(6,832	)	$	(8,189	)	$	(38,062	)

(a) See table below for details about reclassifications.

The following table summarize the significant amounts reclassified out of each component of AOCI for the three months ended June 30, 2016 and 2015:

Details about AOCI Components	Amount Reclassified from AOCI						Affected Line Item in the Statement of Income
	Three Months Ended June 30,
(dollars in thousands)	2016			2015
Unrealized gains and losses on available-for-sale securities	$	1,856		$	512		Net securities gains
		(654	)		(186	)	Income tax (expense) benefit
	$	1,202		$	326		Net income
Unrealized gains and losses on held-to-maturity securities	$	(466	)	$	(430	)	Interest income/(expense)
		159			147		Income tax (expense) benefit
	$	(307	)	$	(283	)	Net income
Gains and losses on cash flow hedges Interest rate contracts	$	(1,585	)	$	(439	)	Interest income/(expense)
		602			167		Income tax (expense) benefit
	$	(983	)	$	(272	)	Net income
Amortization of defined benefit pension items
Actuarial gains/(losses)	$	(730	)	$	(725	)	Salaries and employee benefits
		278			275		Income tax (expense) benefit
	$	(452	)	$	(450	)	Net income
Total reclassifications for the period	$	(540	)	$	(679	)	Net income

The following table summarize the significant amounts reclassified out of each component of AOCI for the six months ended June 30, 2016 and 2015:

Details about AOCI Components	Amount Reclassified from AOCI						Affected Line Item in the Statement of Income
	Six Months Ended June 30,
(dollars in thousands)	2016			2015
Unrealized gains and losses on available-for-sale securities	$	2,962		$	3,195		Net securities gains
		(1,061	)		(1,181	)	Income tax (expense) benefit
	$	1,901		$	2,014		Net income
Unrealized gains and losses on held-to-maturity securities	$	(931	)	$	(767	)	Interest income/(expense)
		318			81		Income tax (expense) benefit
	$	(613	)	$	(686	)	Net income
Gains and losses on cash flow hedges Interest rate contracts	$	(2,858	)	$	(625	)	Interest income/(expense)
		1,086			238		Income tax (expense) benefit
	$	(1,772	)	$	(387	)	Net income
Amortization of defined benefit pension items
Actuarial gains/(losses)	$	(1,430	)	$	(1,463	)	Salaries and employee benefits
		544			556		Income tax (expense) benefit
	$	(886	)	$	(907	)	Net income
Total reclassifications for the period	$	(1,370	)	$	34		Net income