Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2017

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 months ended March 31, 2017 and 2016:

(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 March 31, 2017
Balance at January 1, 2017	$	(39,012	)	$	(13,310	)	$	(6,715	)	$	(335	)	$	(59,372	)
Other comprehensive income (loss) before reclassifications		9,967			—			360			—			10,327
Amounts reclassified from accumulated other comprehensive income (loss) (a)		(947	)		295			1,115			17			480
Net other comprehensive income (loss)		9,020			295			1,475			17			10,807
Balance at March 31, 2017	$	(29,992	)	$	(13,015	)	$	(5,240	)	$	(318	)	$	(48,565	)
Three Months Ended March 31, 2016
Balance at January 1, 2016	$	(3,806	)	$	(14,480	)	$	(9,276	)	$	(7,235	)	$	(34,797	)
Other comprehensive income (loss) before reclassifications		11,282			—			(6,900	)		—			4,382
Amounts reclassified from accumulated other comprehensive income (loss) (a)		(699	)		306			789			434			830
Net other comprehensive income (loss)		10,583			306			(6,111	)		434			5,212
Balance at March 31, 2016	$	6,777		$	(14,174	)	$	(15,387	)	$	(6,801	)	$	(29,585	)

(a) See table below for details about reclassifications.

The following table summarizes the significant amounts reclassified out of each component of AOCI for the three months ended March 31, 2017 and 2016:

	Amount Reclassified						Affected Line Item in the
Details about AOCI Components	from AOCI						Statement of Income
	Three Months Ended
	March 31,
(dollars in thousands)	2017			2016
Unrealized gains and losses on available-for-sale securities	$	1,500		$	1,106		Net securities gains
		(553	)		(407	)	Income tax (expense) benefit
	$	947		$	699		Net income
Unrealized gains and losses on held-to-maturity securities	$	(449	)	$	(465	)	Interest income (expense)
		154			159		Income tax (expense) benefit
	$	(295	)	$	(306	)	Net income
Gains and losses on cash flow hedges Interest rate contracts	$	(1,799	)	$	(1,273	)	Interest income (expense)
		684			484		Income tax (expense) benefit
	$	(1,115	)	$	(789	)	Net income
Amortization of defined benefit pension items Actuarial gains (losses)	$	(27	)	$	(700	)	Salaries and employee benefits
		10			266		Income tax (expense) benefit
	$	(17	)	$	(434	)	Net income
Total reclassifications for the period	$	(480	)	$	(830	)	Net income