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Accumulated Other Comprehensive Loss
 3 Months Ended
Mar. 31, 2015
Equity [Abstract]  
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss

The following table presents the after-tax changes in the balances of each component of accumulated other comprehensive loss for the three months ended March 31, 2015. 
 
Components of Accumulated Other Comprehensive Loss
 
Total
Accumulated
Other
Comprehensive
Loss
 
Unrealized Gains
and (Losses) on
Available for Sale
(AFS) Securities
 
Non-credit
Impairment
Losses on
AFS Securities
 
Unrealized Gains
and (Losses) on
Derivatives
 
Defined
Benefit
Pension Plan
 
 
(in thousands)
Balance at December 31, 2014
$
(1,890
)
 
$
145

 
$
(14,532
)
 
$
(26,218
)
 
$
(42,495
)
Other comprehensive income (loss) before reclassifications
3,936

 
(421
)
 
(5,259
)
 
—

 
(1,744
)
Amounts reclassified from other comprehensive income (loss)
(1,409
)
 
(84
)
 
951

 
119

 
(423
)
Other comprehensive income (loss), net
2,527

 
(505
)
 
(4,308
)
 
119

 
(2,167
)
Balance at March 31, 2015
$
637

 
$
(360
)
 
$
(18,840
)
 
$
(26,099
)
 
$
(44,662
)


The following table presents amounts reclassified from each component of accumulated other comprehensive loss on a gross and net of tax basis for the three months ended March 31, 2015 and 2014. 
 
Amounts Reclassified from
Accumulated Other Comprehensive Loss
 
 
Three Months Ended
March 31,
 
 
Components of Accumulated Other Comprehensive Loss
2015
 
2014
 
Income Statement
Line Item
 
(in thousands)
 
Unrealized gains (losses) on AFS securities before tax
$
2,416

 
$
(8
)
 
Gains (losses) on securities transactions, net
Tax effect
(1,007
)
 
3

 
 
Total net of tax
1,409

 
(5
)
 
 
Non-credit impairment losses on AFS securities before tax:
 
 
 
 
 
Accretion of credit loss impairment due to an increase in expected cash flows
144

 
198

 
Interest and dividends on  investment securities (taxable)
Tax effect
(60
)
 
(83
)
 
 
Total net of tax
84

 
115

 
 
Unrealized losses on derivatives (cash flow hedges) before tax
(1,629
)
 
(1,648
)
 
Interest expense
Tax effect
678

 
683

 
 
Total net of tax
(951
)
 
(965
)
 
 
Defined benefit pension plan:
 
 
 
 
 
Amortization of net loss
(205
)
 
(62
)
 
*
Tax effect
86

 
25

 
 
Total net of tax
(119
)
 
(37
)
 
 
Total reclassifications, net of tax
$
423

 
$
(892
)
 
 
 
*
Amortization of net loss is included in the computation of net periodic pension cost.