| Schedule of 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, 2016.
| | | | | | | | | | | | | | | | | | | | | | 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, 2016 | $ | 2,144 |
| | $ | (564 | ) | | $ | (22,470 | ) | | $ | (22,109 | ) | | $ | (42,999 | ) | Other comprehensive income (loss) before reclassifications | 4,902 |
| | (74 | ) | | 1,735 |
| | — |
| | 6,563 |
| Amounts reclassified from other comprehensive income (loss) | 6 |
| | (50 | ) | | 2,095 |
| | 42 |
| | 2,093 |
| Other comprehensive income (loss), net | 4,908 |
| | (124 | ) | | 3,830 |
| | 42 |
| | 8,656 |
| Balance at September 30, 2016 | $ | 7,052 |
| | $ | (688 | ) | | $ | (18,640 | ) | | $ | (22,067 | ) | | $ | (34,343 | ) |
| | | | | | | | | | | | | | | | | | | | | | 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, 2015 | $ | (5,336 | ) | | $ | (520 | ) | | $ | (17,644 | ) | | $ | (22,195 | ) | | $ | (45,695 | ) | Other comprehensive income (loss) before reclassifications | 12,550 |
| | 168 |
| | (6,939 | ) | | — |
| | 5,779 |
| Amounts reclassified from other comprehensive income (loss) | (162 | ) | | (336 | ) | | 5,943 |
| | 128 |
| | 5,573 |
| Other comprehensive income (loss), net | 12,388 |
| | (168 | ) | | (996 | ) | | 128 |
| | 11,352 |
| Balance at September 30, 2016 | $ | 7,052 |
| | $ | (688 | ) | | $ | (18,640 | ) | | $ | (22,067 | ) | | $ | (34,343 | ) |
|
| Reclassification out of Accumulated Other Comprehensive Income |
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, 2016 and 2015. | | | | | | | | | | | | | | | | | | | | | | Amounts Reclassified from Accumulated Other Comprehensive Loss | | | | | Three Months Ended
September 30, | | Nine Months Ended
September 30, | | | Components of Accumulated Other Comprehensive Loss | | 2016 | | 2015 | | 2016 | | 2015 | | Income Statement Line Item | | | (in thousands) | | | Unrealized gains (losses) on AFS securities before tax | | $ | (10 | ) | | $ | 157 |
| | $ | 258 |
| | $ | 2,481 |
| | (Losses) gains on securities transactions, net | Tax effect | | 4 |
| | (66 | ) | | (96 | ) | | (1,036 | ) | | | Total net of tax | | (6 | ) | | 91 |
| | 162 |
| | 1,445 |
| | | Non-credit impairment losses on AFS securities before tax: | | | | | | | | | | | Accretion of credit loss impairment due to an increase in expected cash flows | | 87 |
| | 458 |
| | 576 |
| | 636 |
| | Interest and dividends on investment securities (taxable) | Tax effect | | (37 | ) | | (191 | ) | | (240 | ) | | (265 | ) | | | Total net of tax | | 50 |
| | 267 |
| | 336 |
| | 371 |
| | | Unrealized losses on derivatives (cash flow hedges) before tax | | (3,578 | ) | | (1,323 | ) | | (10,146 | ) | | (4,651 | ) | | Interest expense | Tax effect | | 1,483 |
| | 551 |
| | 4,203 |
| | 1,937 |
| | | Total net of tax | | (2,095 | ) | | (772 | ) | | (5,943 | ) | | (2,714 | ) | | | Defined benefit pension plan: | | | | | | | | | | | Amortization of net loss | | (71 | ) | | (205 | ) | | (215 | ) | | (616 | ) | | * | Tax effect | | 29 |
| | 86 |
| | 87 |
| | 257 |
| | | Total net of tax | | (42 | ) | | (119 | ) | | (128 | ) | | (359 | ) | | | Total reclassifications, net of tax | | $ | (2,093 | ) | | $ | (533 | ) | | $ | (5,573 | ) | | $ | (1,257 | ) | | |
| | | * | Amortization of net loss is included in the computation of net periodic pension cost. |
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