Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 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 AOCI, net of tax, for the three and six months ended June 30, 2017 and 2016:

	Unrealized Gains			Unrealized Gains			Gains and			Defined
	and Losses on			and Losses on			Losses on			Benefit
	Available-for-Sale			Held-to-Maturity			Cash Flow			Pension
(dollars in thousands)	Securities			Securities			Hedges			Plans			Total
Three Months Ended June 30, 2017
Balance at April 1, 2017	$	(29,992	)	$	(13,015	)	$	(5,240	)	$	(318	)	$	(48,565	)
Other comprehensive income (loss) before reclassifications		19,492			—			(1,480	)		—			18,012
Amounts reclassified from AOCI (a)		(1,957	)		298			1,075			17			(567	)
Net other comprehensive income (loss)		17,535			298			(405	)		17			17,445
Balance at June 30, 2017	$	(12,457	)	$	(12,717	)	$	(5,645	)	$	(301	)	$	(31,120	)
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 AOCI (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	)
Six Months Ended June 30, 2017
Balance at January 1, 2017	$	(39,012	)	$	(13,310	)	$	(6,715	)	$	(335	)	$	(59,372	)
Other comprehensive income (loss) before reclassifications		29,459			—			(1,120	)		—			28,339
Amounts reclassified from AOCI (a)		(2,904	)		593			2,190			34			(87	)
Net other comprehensive income (loss)		26,555			593			1,070			34			28,252
Balance at June 30, 2017	$	(12,457	)	$	(12,717	)	$	(5,645	)	$	(301	)	$	(31,120	)
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 AOCI (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	)

(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 June 30, 2017 and 2016:

	Amount Reclassified						Affected Line Item in the
Details about AOCI Components	from AOCI						Statement of Income
	Three Months Ended
	June 30,
(dollars in thousands)	2017			2016
Unrealized gains and losses on available-for-sale securities	$	3,075		$	1,856		Net securities gains
		(1,118	)		(654	)	Income tax (expense) benefit
	$	1,957		$	1,202		Net income
Unrealized gains and losses on held-to-maturity securities	$	(453	)	$	(466	)	Interest income (expense)
		155			159		Income tax (expense) benefit
	$	(298	)	$	(307	)	Net income
Gains and losses on cash flow hedges Interest rate contracts	$	(1,734	)	$	(1,585	)	Interest income (expense)
		659			602		Income tax (expense) benefit
	$	(1,075	)	$	(983	)	Net income
Amortization of defined benefit pension items
Actuarial gains (losses)	$	(27	)	$	(730	)	Salaries and employee benefits
		10			278		Income tax (expense) benefit
	$	(17	)	$	(452	)	Net income
Total reclassifications for the period	$	567		$	(540	)	Net income

The following table summarizes the significant amounts reclassified out of each component of AOCI for the six months ended June 30, 2017 and 2016:

	Amount Reclassified						Affected Line Item in the
Details about AOCI Components	from AOCI						Statement of Income
	Six Months Ended
	June 30,
(dollars in thousands)	2017			2016
Unrealized gains and losses on available-for-sale securities	$	4,575		$	2,962		Net securities gains
		(1,671	)		(1,061	)	Income tax (expense) benefit
	$	2,904		$	1,901		Net income
Unrealized gains and losses on held-to-maturity securities	$	(902	)	$	(931	)	Interest income/(expense)
		309			318		Income tax (expense) benefit
	$	(593	)	$	(613	)	Net income
Gains and losses on cash flow hedges Interest rate contracts	$	(3,533	)	$	(2,858	)	Interest income/(expense)
		1,343			1,086		Income tax (expense) benefit
	$	(2,190	)	$	(1,772	)	Net income
Amortization of defined benefit pension items
Actuarial gains/(losses)	$	(54	)	$	(1,430	)	Salaries and employee benefits
		20			544		Income tax (expense) benefit
	$	(34	)	$	(886	)	Net income
Total reclassifications for the period	$	87		$	(1,370	)	Net income