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Accumulated Other Comprehensive Loss
 9 Months Ended
Sep. 30, 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 and nine months ended September 30, 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 June 30, 2015
$
(5,153
)
 
$
(411
)
 
$
(16,718
)
 
$
(25,978
)
 
$
(48,260
)
Other comprehensive income (loss) before reclassifications
4,586

 
252

 
(6,163
)
 
—

 
(1,325
)
Amounts reclassified from other comprehensive income (loss)
(91
)
 
(267
)
 
772

 
119

 
533

Other comprehensive income (loss), net
4,495

 
(15
)
 
(5,391
)
 
119

 
(792
)
Balance at September 30, 2015
$
(658
)
 
$
(426
)
 
$
(22,109
)
 
$
(25,859
)
 
$
(49,052
)
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2014
$
(1,890
)
 
$
145

 
$
(14,532
)
 
$
(26,218
)
 
$
(42,495
)
Other comprehensive income (loss) before reclassifications
2,677

 
(200
)
 
(10,291
)
 
—

 
(7,814
)
Amounts reclassified from other comprehensive income (loss)
(1,445
)
 
(371
)
 
2,714

 
359

 
1,257

Other comprehensive income (loss), net
1,232

 
(571
)
 
(7,577
)
 
359

 
(6,557
)
Balance at September 30, 2015
$
(658
)
 
$
(426
)
 
$
(22,109
)
 
$
(25,859
)
 
$
(49,052
)


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 and nine months ended September 30, 2015 and 2014. 
 
 
Amounts Reclassified from
Accumulated Other Comprehensive Loss
 
 
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
 
Components of Accumulated Other Comprehensive Loss
 
2015
 
2014
 
2015
 
2014
 
Income Statement
Line Item
 
 
(in thousands)
 
 
Unrealized gains (losses) on AFS securities before tax
 
$
157

 
$
103

 
$
2,481

 
$
102

 
Gains on securities transactions, net
Tax effect
 
(66
)
 
(43
)
 
(1,036
)
 
(43
)
 
 
Total net of tax
 
91

 
60

 
1,445

 
59

 
 
Non-credit impairment losses on AFS securities before tax:
 
 
 
 
 
 
 
 
 
 
Accretion of credit loss impairment due to an increase in expected cash flows
 
458

 
198

 
636

 
506

 
Interest and dividends on  investment securities (taxable)
Tax effect
 
(191
)
 
(83
)
 
(265
)
 
(212
)
 
 
Total net of tax
 
267

 
115

 
371

 
294

 
 
Unrealized losses on derivatives (cash flow hedges) before tax
 
(1,323
)
 
(1,674
)
 
(4,651
)
 
(4,986
)
 
Interest expense
Tax effect
 
551

 
701

 
1,937

 
2,075

 
 
Total net of tax
 
(772
)
 
(973
)
 
(2,714
)
 
(2,911
)
 
 
Defined benefit pension plan:
 
 
 
 
 
 
 
 
 
 
Amortization of net loss
 
(205
)
 
(63
)
 
(616
)
 
(187
)
 
*
Tax effect
 
86

 
27

 
257

 
77

 
 
Total net of tax
 
(119
)
 
(36
)
 
(359
)
 
(110
)
 
 
Total reclassifications, net of tax
 
$
(533
)
 
$
(834
)
 
$
(1,257
)
 
$
(2,668
)
 
 
 
*
Amortization of net loss is included in the computation of net periodic pension cost.